AQN on NYSE
Algonquin Power
Renewable energy and utility conglomerate
Algonquin Power & Utilities Corp. is a Canadian investor-owned regulated utility company with assets across North America, Bermuda, and Chile.3 From Wikipedia, CC BY-SA 4.0
Price unavailable
Last updated Oct 16, 2026.
Overview
Compare with Talen Energy, Black Hills Corporation or TXNM Energy, or pick any stock.
- TickerAQN on NYSE1
- Industryelectricity generation1
- HeadquartersOakville1
- Websitewww.algonquinpower.com
- Legal formBusiness corporations (which includes professional corporations)1
- Incorporated inOntario, Canada5
- Business address354 Davis Road, Oakville, A6 L6J2X15
See how the biggest companies compare on our leaderboards
Algonquin Power & Utilities Corp. is a Canadian investor-owned regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis (formerly ESSAL) in Chile.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
20.7%Operating margin4
7.4%Net margin4
4.9%Revenue growth, 20254
3.9%Return on equity4
1.33×Debt to equity4
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
Regulated Electricity brought in 53% of the revenue Algonquin Power broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| Regulated Electricity | $1.3B | $1.3B |
| Regulated Gas | $546.4M | $614.4M |
| Regulated Water | $406.1M | $426.6M |
| Other Revenue | $55.6M | $63.4M |
| Non-Regulated Energy | $35.3M | $36.5M |
Regions
United States brought in 80% of the revenue Algonquin Power broke down this way in fiscal 2025.
Regions by year
| Regions | 2024 | 2025 |
|---|---|---|
| United States | $1.9B | $2.0B |
| International, Excluding Canada | $375.5M | $376.4M |
| CA [member] | $91.6M | $101.5M |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Other costs78¢$1.9B
- Interest12¢$282.5M
- Income tax3¢$65.0M
- Profit7¢$180.8M
Out of $2.4B in revenue.4
Where each dollar of operating cash went, fiscal 2025
- Dividends paid34¢$201.3M
- Kept or used elsewhere66¢$392.3M
Out of $593.6M of cash from operations.4
Financial statements
No quarterly figures reported.
Every line of the income statement in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $2.4B | $2.3B |
| Other cost of sales | $28.4M | $23.8M |
| Depreciation and amortization | $400.3M | $395.7M |
| Loss on foreign exchange | $18.4M | $3.5M |
| Costs and expenses, total | $1.9B | $1.9B |
| Operating income | $504.7M | $446.1M |
| Interest expense (note 8) | -$282.5M | -$363.6M |
| Income from long-term investments (note 7) | $21.6M | $107.5M |
| Other income (note 6) | $22.0M | $27.5M |
| Other net losses (note 17) | -$52.6M | -$27.0M |
| Pension and other post-employment non-service costs (note 9(d)) | -$3.7M | -$14.1M |
| Gain on derivative financial instruments (note 22(b)(iii)) | $1.5M | $800.0K |
| Nonoperating income (expense) | -$293.7M | -$268.9M |
| Earnings before income taxes | $211.0M | $177.2M |
| Current | -$15.9M | -$18.2M |
| Deferred | -$49.1M | -$168.6M |
| Income tax expense | -$65.0M | -$186.8M |
| Earnings (loss) from continuing operations | $146.0M | -$9.6M |
| Loss from discontinued operations, net of tax (note 23(b)) | -$37.7M | -$1.5B |
| Net earnings (loss) | $108.3M | -$1.5B |
| Net effect of non-controlling interests from continuing operations (note 15) | $72.5M | $74.9M |
| Net effect of non-controlling interests from discontinued operations (note 23) | $0 | $60.5M |
| Net earnings (loss) attributable to shareholders of Algonquin Power & Utilities Corp. | $180.8M | -$1.4B |
| Series A Shares and Series D Shares dividend (note 14) | $10.5M | $10.5M |
| Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. basic | $170.3M | -$1.4B |
| Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. diluted | $170.3M | -$1.4B |
| Basic net earnings per share from continuing operations (note 18) (USD per share) | $0 | $0 |
| Diluted net earnings per share from continuing operations (note 18) (USD per share) | $0 | $0 |
| Basic net loss per share from discontinued operations (note 18) (USD per share) | -$0 | -$2 |
| Diluted net loss per share from discontinued operations (note 18) (USD per share) | -$0 | -$2 |
| Basic net earnings (loss) per share (note 18) (USD per share) | $0.22 | -$1.90 |
| Diluted net earnings (loss) per share (note 18) (USD per share) | $0.22 | -$1.90 |
No quarterly figures reported.
Every line of the balance sheet in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash and cash equivalents | $32.7M | $34.8M | |
| Trade and other receivables, net (note 3) | $494.8M | $422.6M | |
| Fuel and natural gas in storage | $46.6M | $43.7M | |
| Supplies and consumables inventory | $179.9M | $179.9M | |
| Regulatory assets (note 6) | $205.1M | $194.9M | |
| Prepaid expenses | $89.2M | $68.8M | |
| Derivative instruments (note 22) | $6.0M | $11.1M | |
| Other assets (note 10) | $149.8M | $12.8M | |
| Assets held for sale (note 23) | $0 | $166.5M | |
| Assets, current, total | $1.2B | $1.1B | |
| Property, plant and equipment, net (note 4) | $9.7B | $9.5B | |
| Intangible assets, net (note 5) | $69.7M | $69.1M | |
| Goodwill (note 5) | $1.3B | $1.3B | $1.3B |
| Regulatory assets (note 6) | $1.2B | $1.1B | |
| Long-term investments (note 7) | $207.5M | $67.8M | |
| Derivative instruments (note 22) | $77.0M | $97.4M | |
| Deferred income taxes (note 16) | $26.3M | $11.2M | |
| Other assets (note 10) | $290.8M | $163.6M | |
| Assets held for sale (note 23) | $0 | $3.5B | |
| Assets | $14.1B | $17.0B | |
| Accounts payable | $145.4M | $164.2M | |
| Accrued liabilities | $396.7M | $503.3M | |
| Dividends payable | $50.1M | $49.7M | |
| Regulatory liabilities (note 6) | $65.8M | $76.7M | |
| Long-term debt (note 8) | $364.0M | $491.7M | |
| Other long-term liabilities (note 11) | $151.1M | $36.3M | |
| Derivative instruments (note 22) | $1.6M | $1.9M | |
| Other liabilities | $24.2M | $20.7M | |
| Liabilities associated with assets held for sale (note 23) | $0 | $153.0M | |
| Liabilities, current, total | $1.2B | $1.5B | |
| Long-term debt (note 8) | $6.2B | $6.2B | |
| Regulatory liabilities (note 6) | $584.9M | $559.6M | |
| Deferred income taxes (note 16) | $688.9M | $577.2M | |
| Derivative instruments (note 22) | $15.9M | $17.5M | |
| Pension and other post-employment benefits obligation (note 9) | $72.6M | $73.6M | |
| Other long-term liabilities (note 11) | $357.8M | $273.8M | |
| Liabilities associated with assets held for sale (note 23) | $0 | $1.6B | |
| Liabilities, noncurrent, total | $7.9B | $9.3B | |
| Redeemable non-controlling interests | $0 | $5.0M | |
| Preferred shares (note 12(c)) | $184.3M | $184.3M | |
| Common shares (note 12(a)) | $7.4B | $7.4B | |
| Additional paid-in capital | -$14.7M | -$19.2M | |
| Deficit | -$3.0B | -$2.9B | |
| "Accumulated other comprehensive income (""AOCI"") (note 13)" | $31.1M | $81.4M | |
| Total equity attributable to shareholders of Algonquin Power & Utilities Corp. | $4.6B | $4.7B | |
| Non-controlling interests - tax equity partnership units | $328.5M | $1.1B | |
| Other non-controlling interests | $78.7M | $369.0M | |
| Non-controlling interests, total | $407.2M | $1.5B | |
| Total equity | $5.0B | $6.2B | $6.6B |
| Liabilities and equity, total | $14.1B | $17.0B |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow in the latest annual report, as filed.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net earnings (loss) | $108.3M | -$1.5B |
| Depreciation and amortization | $400.3M | $476.7M |
| Deferred taxes | $136.4M | $105.6M |
| Initial value and changes in derivative financial instruments, net of amortization | -$8.9M | -$5.8M |
| Share-based compensation | $13.0M | $18.4M |
| Cost of equity funds used for construction purposes | -$1.7M | -$1.7M |
| Change in value of investments carried at fair value | $0 | $38.0M |
| Pension and post-employment expense lower than contributions | -$12.1M | -$400.0K |
| Distributions received from equity investments, net of income | $1.0M | $42.2M |
| Loss from classification as held for sale (note 23(b)) | $0 | $1.4B |
| Loss on reclassification of AOCI (note 23(b)) | $0 | $94.6M |
| Other | $3.0M | $12.2M |
| Net change in non-cash operating items (note 21) | -$45.7M | -$139.5M |
| Net cash provided by (used in) operating activities, total | $593.6M | $481.7M |
| Increase in long-term debt | $554.7M | $4.0B |
| Repayments of long-term debt | -$714.2M | -$5.3B |
| Net change in commercial paper | -$46.0M | -$98.6M |
| Repayment of long-term debt on disposition of renewable energy business (note 23) | -$1.4B | $0 |
| Issuance of common shares, net of costs | $800.0K | $1.2B |
| Cash dividends on common shares | -$201.3M | -$285.1M |
| Dividends on preferred shares | -$10.5M | -$10.5M |
| Contributions from non-controlling interests and redeemable non-controlling interests | $0 | $60.5M |
| Production-based cash contributions from non-controlling interest from discontinued operations | $0 | $13.0M |
| Production-based cash contributions from non-controlling interest from continuing operations | $6.9M | $2.0M |
| Distributions to non-controlling interests | -$1.5M | -$33.3M |
| Receipts (payments) upon settlement of derivatives | -$35.4M | $6.0M |
| Shares surrendered to fund withholding taxes on exercised share options | -$1.0M | -$3.4M |
| Acquisition of non-controlling interest | $0 | -$23.4M |
| Net change in other long-term liabilities | $11.1M | -$28.4M |
| Net cash provided by (used in) financing activities, total | -$1.8B | -$556.4M |
| Additions to property, plant and equipment and intangible assets | -$771.9M | -$872.4M |
| Proceeds from sale of long-lived assets | $0 | $1.1B |
| Increase in long-term investments | -$4.9M | -$115.0M |
| Decrease in long-term investments | $0 | $22.9M |
| Proceeds from divestiture of operating entity | $2.0B | $29.5M |
| Transaction cost on divestiture of operating entity | -$16.1M | $0 |
| Increase in other assets | -$17.0M | -$9.4M |
| Net cash provided by (used in) investing activities, total | $1.2B | $132.8M |
| Effect of exchange rate differences on cash and restricted cash | $1.3M | -$3.1M |
| Increase (decrease) in cash, cash equivalents and restricted cash | -$52.9M | $55.0M |
| Cash paid during the year for interest expense | -$312.1M | -$432.7M |
| Cash received during the year for income taxes - net (note 16) | $73.4M | $56.7M |
| Cash received during the year for distributions from equity investments | $0 | $86.3M |
| Increase (decrease) in accrued capital expenditure | -$121.4M | $84.7M |
| Issuance of common shares under share-based compensation plans | $10.4M | $11.3M |
| Property, plant and equipment, intangible assets and accrued liabilities in exchange of note receivable | $0 | $195.1M |
Former names
- ALGONQUIN POWER INCOME FUNDMay 8, 2002 to Oct 27, 20095
Timeline
- 1997Founded Founded1
Recent filings
- Oct 8, 2026SCHEDULE 13G/A
- Aug 28, 20266-K 6-K PRESS RELEASE COVER DATED AUGUST 28, 2026
- Aug 7, 20266-K
- Aug 6, 2026SCHEDULE 13G
- Jul 31, 20266-K
- Jun 30, 2026S-8
- Jun 29, 20266-K
- May 20, 20266-K
- May 13, 20266-K
- May 8, 20266-K 6-K AQN 2026 Q1 EARNINGS
- Apr 29, 2026SCHEDULE 13G/A
- Apr 8, 20266-K
- Apr 1, 2026SCHEDULE 13D/A
- Mar 30, 2026144
- Mar 6, 20266-K 6-K COVER
Every filing from the last three years, summarized. The full record is on SEC EDGAR.2
Links
- Websitewww.algonquinpower.com1
- X (Twitter)x.com/AQN_Utilities1
- Instagramwww.instagram.com/aqn_algonquinpower1
- WikipediaAlgonquin Power & Utilities
- WikidataQ4724337
- SEC EDGARCIK 1174169
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAlgonquin Power on Wikidata
- 2SEC EDGARAlgonquin Power filings on SEC EDGAR
- 3WikipediaAlgonquin Power on Wikipedia
- 4SEC EDGARAlgonquin Power 10-K for fiscal 2025
- 5SEC EDGARAlgonquin Power filings on SEC EDGAR
- 6SEC EDGARAlgonquin Power 10-K for fiscal 2018
- 7SEC EDGARAlgonquin Power 10-K for fiscal 2019
- 8SEC EDGARAlgonquin Power 10-K for fiscal 2020
- 9SEC EDGARAlgonquin Power 10-K for fiscal 2021
- 10SEC EDGARAlgonquin Power 10-K for fiscal 2022
- 11SEC EDGARAlgonquin Power 10-K for fiscal 2023
- 12SEC EDGARAlgonquin Power 10-K for fiscal 2018