Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates as a diversified utility company. The firm engages in the ownership and operation of a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. It operates through the following segments: Regulated Services Group, and Renewable Energy Group. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States and Canada. The Renewable Energy Group segment owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

Earnings data Q4 2020

Earnings data Q1 2021

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Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.

Algonquin Power & Utilities' (AQN) first-quarter earnings are likely to have benefited from its efforts to optimize its portfolio and the gradual implementation of its strategic plan.

What Awaits Algonquin Power & Utilities (AQN) in Q1 Earnings?

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Just before noon Tuesday, the Dow Jones industrials were down 0.12%, the S&P 500 down 0.37% and the Nasdaq 0.54% lower.

Earnings Previews: Algonquin Power, JD.com

Algonquin Power & Utilities (AQN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Earnings Preview: Algonquin Power & Utilities (AQN) Q1 Earnings Expected to Decline

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CLEVELAND--(BUSINESS WIRE)--Ancora Holdings Group, LLC (together with its affiliates, “Ancora”), which is a meaningful shareholder of Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) (“Algonquin” or the “Company”), today issued the following statement regarding the Company's decision to terminate its stock purchase agreement with Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction"). Fredrick D.

Ancora Urges Algonquin's Board of Directors to Accelerate Previously Announced Divestitures Following Termination of the Kentucky Power Transaction

Algonquin Power & Utilities Corp (TSX:AQN) announced that it has mutually agreed with American Electric Power to terminate Algonquin's pending $2.65 billion all-stock takeover of Kentucky Power Company and AEP Kentucky Transmission Company, Inc. The diversified international generation, transmission, and distribution utility company cited “the evolving macro environment” as its primary concern, adding that it is not required to pay a termination fee. “Looking forward, AQN remains supported by a high-quality asset base, a strong balance sheet, and is well-positioned to deliver sustainable, long-term growth, capitalize on the energy transition and create value for shareholders,” Algonquin Power & Utilities CEO Arun Banskota said in a statement.

Algonquin Power & Utilities kills deal to buy Kentucky Power

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Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today that Liberty Utilities Co. ("Liberty"), an indirect subsidiary of AQN, has mutually agreed with American Electric Power (NASDAQ: AEP) ("AEP") to terminate the stock purchase agreement regarding Kentucky Power Company and AEP Kentucky Transmission Company, Inc. (the "Transaction").

Algonquin Power & Utilities Corp. and American Electric Power Mutually Agree to Terminate Kentucky Power Transaction

OAKVILLE, ON , April 12, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its first quarter 2023 financial results on Thursday, May 11, 2023, before market open. AQN will hold an earnings conference call at 8:30 a.m.

Algonquin Power & Utilities Corp. Announces Date for First Quarter 2023 Financial Results and Conference Call

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Intel, Algonquin, and Healthcare Services all slashed or suspended their dividends. Underwhelming financial results have been common features of all these businesses.

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Algonquin Power has recovered remarkably since its December lows, outperforming the S&P 500 significantly. In our previous article, we called attention to AQN's price action, which plunged to highly pessimistic levels, with a potential bear trap waiting to be sprung.

Algonquin: Hold Your Horses Now

Algonquin Power and Utilities Units

Algonquin just cut its dividend to common shareholders by 40% for a rightsized 5.4% forward yield. This was on the back of interest expenses up 62% year-over-year during its fiscal 2022 fourth quarter and against a total debt position of $7.55 billion.

Algonquin: Switch The Commons For The 14% Yield Equity Units

Algonquin Power & Utilities Corp. (NYSE:AQN ) Q4 2022 Results Conference Call March 17, 2023 8:30 AM ET Company Participants Brian Chin - Vice President of Investor Relations Arun Banskota - President & Chief Executive Officer Darren Myers - Chief Financial Officer Jeff Norman - Chief Development Officer Johnny Johnston - Chief Operating Officer Conference Call Participants Sean Steuart - TD Securities Dariusz Lozny - Bank of America David Quezada - Raymond James Nelson Ng - RBC Capital Markets Robert Hope - Scotiabank Naji Baydoun - IA Capital Markets Richard Sunderland - JPMorgan Operator Good morning, ladies and gentlemen, and welcome to the Algonquin Power & Utilities Corp. Fourth Quarter and Full Year 2022 Earnings Webcast and Conference Call. Following the presentation, there will be a question-and-answer session.

Algonquin Power & Utilities Corp. (AQN) Q4 2022 Earnings Call Transcript

OAKVILLE, ON , March 17, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) announced today that its board of directors has approved and declared the following common and preferred share dividends: US$0.1085 per common share, payable on April 14, 2023, to the shareholders of record on March 31, 2023, for the period from January 1, 2023 to March 31, 2023.  Registered shareholders can elect to receive the dividend in Canadian dollars in the amount of C$0.1495.

Algonquin Power & Utilities Corp. Declares First Quarter 2023 Common Share Dividend of U.S.$0.1085 (C$0.1495), and Declares First Quarter 2023 Preferred Share Dividends

Atlantica Sustainable Infrastructure

OAKVILLE, ON , March 17, 2023 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced financial results for the fourth quarter and year ended December 31, 2022. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted.

Algonquin Power & Utilities Corp. Announces 2022 Fourth Quarter and Full Year Financial Results

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Algonquin Power & Utilities (AQN) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

Why Algonquin Power & Utilities (AQN) Might Surprise This Earnings Season

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A potential sale could benefit both companies' shareholders.

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The company's stock fell hard, but investors should think twice before buying this discounted high-yield stock.

Stock Market Sell-Off: Is Algonquin Power & Utilities a Buy?

Algonquin Power & Utilities owns and operates various regulated and non-regulated power assets, including utilities for generation, distribution, and transmission. The company plans to improve its business by reducing costs, maintaining its credit rating, minimizing the need for new equity financing, and focusing on organic growth.

Algonquin Power & Utilities Faces Challenging Future That May Limit Returns

Algonquin's stock is currently under pressure and offers a favorable stock valuation compared to its historical valuation and compared to others in the industry. Algonquin's financial strength has weakened and therefore the company will sell assets, reduce its dividend and cancel its dividend reinvestment plan.

Algonquin: Too Early To Get In

The company's controversial deal might fall apart.

This Seemingly Bad News Could Be an Upside Catalyst for This Beaten-Down Dividend Stock

News for Algonquin Power & Utilities Stock (AQN)