Algonquin Power & Utilities (AQN)

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Dividend Cut Alert: High Yield Dividend Growers Getting Too Risky
Seeking Alpha· 2025-06-11 15:30
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The Dark Side Of Infrastructure Stock Investing
Seeking Alpha· 2025-05-15 15:30
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My Biggest Mistakes As A Dividend Investor
Seeking Alpha· 2025-05-13 11:05
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Algonquin Power & Utilities (AQN) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-09 14:35
Algonquin Power & Utilities (AQN) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 55.56%. A quarter ago, it was expected that this utility operator would post earnings of $0.08 per share when it actually produced earnings of $0.06, delivering a surprise of -25%.Over the last four quar ...
Algonquin Power & Utilities (AQN) - 2025 Q1 - Quarterly Report
2025-05-09 10:47
Unaudited Interim Condensed Consolidated Financial Statements of Algonquin Power & Utilities Corp. For the three months ended March 31, 2025 and 2024 Algonquin Power & Utilities Corp. Unaudited Interim Condensed Consolidated Statements of Operations | | | | Three months ended | | | --- | --- | --- | --- | --- | | (millions of U.S. dollars, except per share amounts) | | | March 31 | | | | | 2025 | | 2024 | | Revenue | | | | | | Regulated electricity distribution | $ | 330.4 | $ | 305.9 | | Regulated natural ...
This Forgotten Utility Is Transforming Before Your Eyes: Algonquin Power
Seeking Alpha· 2025-03-22 14:30
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Algonquin Power & Utilities (AQN) - 2024 Q4 - Earnings Call Transcript
2025-03-07 16:39
Financial Data and Key Metrics Changes - Q4 consolidated adjusted EBITDA was $248.6 million, down 5.2% from the prior year [37] - Fourth quarter adjusted net earnings were $45.2 million, down from $81.3 million in 2023 [39] - Full-year adjusted net earnings were $232.1 million, down from $279.4 million in 2023 [40] - Adjusted net earnings per share for Q4 were $0.06 versus $0.12 in the prior year [42] - Year-end GAAP debt was approximately $8.05 billion, with expectations to reduce it by an estimated $1.95 billion from the sale of the renewables business [45] Business Line Data and Key Metrics Changes - Regulated adjusted EBITDA was $234.4 million in Q4, up 2.4% from 2023 [38] - Full-year regulated adjusted EBITDA was $940.2 million, up 4.2% from 2023 [38] - The decline in consolidated adjusted EBITDA was primarily due to a lower dividend from Atlantica and certain corporate allocations [38] Market Data and Key Metrics Changes - The company completed the sale of its renewables business for approximately $2.1 billion, reflecting a significant transition to a pure-play regulated utility [22][26] - The rate base increased to approximately $7.8 billion from $7.2 billion a year earlier, driven by spending and invested capital [46] Company Strategy and Development Direction - The company aims to improve operational efficiency and customer service while focusing on its regulated utilities [22][25] - The leadership transition is expected to bring a renewed focus on creating sustainable value and improving returns on equity [11][17] - The company is committed to achieving its authorized return on equity of 9.2% and addressing regulatory lag [23][54] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to accelerate performance and earnings, particularly as a pure-play regulated utility [51][54] - The company views 2025 as a transition year with opportunities for growth above peer averages [52] - Management acknowledged challenges related to customer service and billing issues stemming from the implementation of a new IT platform [32][90] Other Important Information - The company has engaged a national firm to search for a permanent CFO following Darren Myers' departure [20] - The transition to a pure-play regulated utility is seen as a critical milestone in the company's strategic review [22] Q&A Session Summary Question: Optimization of the utility platform - Management highlighted efforts to reduce overhead and improve accountability within utilities as key focus areas for operational efficiency [58][59] Question: Long-term EPS growth potential - Management indicated that the targeted dividend payout ratio of 60% to 70% could be achieved in a few years, with potential for acceleration under new leadership [62][63] Question: Hydro sales process - Management confirmed plans to go to market within the half year for the Hydro sales process, emphasizing no dilutive transactions [69] Question: Rate base growth and adjustments - Management clarified that the increase in rate base was primarily due to IT platform investments, with no significant further adjustments expected [72] Question: Transition expenses related to renewables - Management noted that some costs related to exiting the renewables business would persist into 2025 but are not expected to be ongoing [76] Question: Customer service technology platform issues - Management acknowledged the challenges faced with the new SAP implementation but expressed confidence in future improvements [90][91] Question: Key areas of focus for the new CEO - The new CEO emphasized aligning stakeholders and focusing on areas with quick opportunities for productive capital deployment [96][97] Question: Regulatory strategy and ROE gap - Management discussed the importance of managing cost structures internally to bridge the gap between realized and allowed ROEs [112][114]
Algonquin Power & Utilities (AQN) - 2024 Q4 - Earnings Call Presentation
2025-03-07 15:35
Q4 2024 Earnings Conference Call March 7, 2025 | 8:30 a.m. ET Forward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigati ...
Algonquin Power & Utilities (AQN) Misses Q4 Earnings and Revenue Estimates
ZACKS· 2025-03-07 13:45
Core Viewpoint - Algonquin Power & Utilities reported quarterly earnings of $0.06 per share, missing the Zacks Consensus Estimate of $0.08 per share, and showing a decline from $0.16 per share a year ago, indicating a -25% earnings surprise [1] Financial Performance - The company posted revenues of $584.8 million for the quarter ended December 2024, missing the Zacks Consensus Estimate by 6.45%, and down from $666.9 million year-over-year [2] - Over the last four quarters, Algonquin Power & Utilities has surpassed consensus EPS estimates only once [2] Stock Performance - Algonquin Power & Utilities shares have increased by approximately 7.6% since the beginning of the year, contrasting with the S&P 500's decline of -2.4% [3] Future Outlook - The company's earnings outlook is crucial for investors, including current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.09 on revenues of $678.96 million, and $0.31 on revenues of $2.44 billion for the current fiscal year [7] Industry Context - The Utility - Electric Power industry is currently in the top 32% of over 250 Zacks industries, suggesting that the industry outlook can significantly impact stock performance [8]
Algonquin Power & Utilities (AQN) - 2024 Q4 - Annual Report
2025-03-07 11:43
Algonquin Power & Utilities Corp. Announces 2024 Fourth Quarter and Full Year Financial Results OAKVILLE, Ontario - March 7, 2025 - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN", "Algonquin" or the "Company") announced today financial results for the fourth quarter and full year ended December 31, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "The Company continued to make strides in its transition to a pure-play utility. Over the last 90 days, we ...