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AQNAlgonquin Power & Utilities Corp.
$5.61$4.3B
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AQN logoAlgonquin Power & Utilities Corp.(AQN)Earnings, Financials & Key Ratios

AQN•NYSE•Utilities
$5.61
24.4× P/E·Price updated Jul 7, 2026
SectorUtilitiesIndustryRenewable EnergySub-IndustryRenewable Utilities and Asset Owners
AboutAlgonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.Show more
  • Revenue$2.43B+4.9%
  • EBITDA$923M
  • Net Income$181M+113.1%
  • Free Cash Flow$1.79B+582.5%
  • EBITDA Margin37.94%-4.6%
  • Net Margin7.43%+112.5%
  • ROE3.22%+115.3%
  • Interest Coverage1.67+1.9%
  • Debt/Equity1.30+19.6%

AQN Price & Volume

Algonquin Power & Utilities Corp. (AQN) stock price & volume — 10-year historical chart

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Strategic Restructuring Masks Persistent Operational Margin Volatility

Investment Thesis • Updated 2026Q1

VerdictNegative
Growth:Mixed
Profitability:Strained
Financial:Vulnerable
Cash Flow:Burning
Primary Risk:High regulatory and leverage risk

Key Thesis Takeaways

  • Algonquin Power & Utilities Corp.
  • is currently navigating a complex transition from a capital-intensive renewable developer to a focused regulated utility, a shift that remains hampered by significant earnings volatility and asset impairments.
  • While the company is actively shedding non-core assets to stabilize its balance sheet, the persistent reliance on external financing and thin liquidity buffers continue to weigh on shareholder value.
  • Investors should monitor whether the current 16.75 forward P/E can be sustained as the firm attempts to improve its interest coverage ratio, which recently stood at 2.38 in 2026Q1.

Verdict Logic

the company's precarious financial position is highlighted by a current ratio of 1.05 and a history of significant GAAP distortions, such as the $1.3 billion net loss reported in 2024Q3.

AQN Growth Metrics

Algonquin Power & Utilities Corp. (AQN) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years12.63%
5 Years7.73%
3 Years-4.17%
TTM6.3%

Profit CAGR

10 Years7.88%
5 Years-25.4%
3 Years-
TTM114.15%

EPS CAGR

10 Years-2.62%
5 Years-30.02%
3 Years-
TTM113.75%

Return on Capital

10 Years3.61%
5 Years2.97%
3 Years3.1%
Last Year3.69%

AQN Recent Earnings

Algonquin Power & Utilities Corp. (AQN) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 6/12 qtrs (50%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 8, 2026
Metric
Actual
Est
EPS
$0.13+18.2%
$0.11
Rev
$792M+11.0%
$714M
Q2 2026
Mar 6, 2026
Metric
Actual
Est
EPS
$0.06+50.0%
$0.04
Rev
$631M+3.9%
$607M
Q4 2025
Nov 7, 2025
Metric
Actual
Est
EPS
$0.09+50.0%
$0.06
Rev
$583M-6.9%
$626M
Q3 2025
Aug 8, 2025
Metric
Actual
Est
EPS
$0.04+0.0%
$0.04
Rev
$528M-11.3%
$595M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 8, 2026
$0.13vs $0.11+18.2%
$792Mvs $714M+11.0%
Q2 2026Mar 6, 2026
$0.06vs $0.04+50.0%
$631Mvs $607M+3.9%
Q4 2025Nov 7, 2025
$0.09vs $0.06+50.0%
$583Mvs $626M-6.9%
Q3 2025Aug 8, 2025
$0.04vs $0.04+0.0%
$528Mvs $595M-11.3%
Based on last 12 quarters of dataView full earnings history →

Latest AQN News

Recent stock market news and headlines for Algonquin Power & Utilities Corp. (AQN)

Business Wire·Jun 29, 2026
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors

OAKVILLE, Ontario--(BUSINESS WIRE)--Algonquin Power & Utilities Corp. (“AQN” or the “Corporation”) (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following nine nominees listed in the Corporation's management information circular dated May 19, 2026 were elected as directors of AQN: Nominee Votes For % For Votes Against % Against Brett Carter 472,674,061 96.62% 16,548,143 3.38% Amee Chande 487,282,111 99.60% 1,940,092 0.40% D. Randall Laney 4.

Peers Comparison

Key metrics vs top competitors for Algonquin Power & Utilities Corp. (AQN)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
AQN logoAQNAlgonquin Power & Utilities Corp.Current
$5.61$4.31B24.394.92%7.43%3.22%4.73%
BEP logoBEPBrookfield Renewable Partners L.P.
$32.93$9.99B-488.5810.95%3.01%0.56%—
CLNE logoCLNEClean Energy Fuels Corp.
$2.13$469.08M-2.112.56%-22.65%-17.17%—
AVA logoAVAAvista Corporation
$41.24$3.41B17.331.34%10.75%7.65%—
POR logoPORPortland General Electric Company
$52.58$6.08B19.05-1.95%7.22%6.25%—
NWE logoNWENorthwestern Energy Group Inc
$70.75$4.35B24.066.38%10.21%5.8%—

Compare AQN vs Peers

Algonquin Power & Utilities Corp. (AQN) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs BEP

Most directly comparable listed peer for AQN.

Scale Benchmark

vs GE

Larger-name benchmark to compare AQN against a more recognizable public peer.

Peer Set

Compare Top 5

vs BEP, CLNE, AVA, POR

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AQN Frequently Asked Questions

Algonquin Power & Utilities Corp. (AQN) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Algonquin Power & Utilities Corp.'s revenue?

Algonquin Power & Utilities Corp. (AQN) reported $2.51B in revenue for fiscal year 2025. This represents a 2671824% increase from $0.1M in 1997.

How fast is Algonquin Power & Utilities Corp. growing?

Algonquin Power & Utilities Corp. (AQN) grew revenue by 4.9% over the past year. Growth has been modest.

Is AQN profitable?

Yes, Algonquin Power & Utilities Corp. (AQN) is profitable, generating $169.0M in net income for fiscal year 2025 (7.4% net margin).

Dividend & Returns
Does AQN pay dividends?

Yes, Algonquin Power & Utilities Corp. (AQN) pays a dividend with a yield of 4.73%. This makes it attractive for income-focused investors.

What is AQN's return on equity?

Algonquin Power & Utilities Corp. (AQN) has a return on equity (ROE) of 3.2%. This is below average, suggesting room for improvement.

What is Algonquin Power & Utilities Corp.'s free cash flow?

Algonquin Power & Utilities Corp. (AQN) had negative free cash flow of $110.2M in fiscal year 2025, likely due to heavy capital investments.

Industry Metrics
Is AQN's dividend sustainable?

Algonquin Power & Utilities Corp. (AQN) has a dividend payout ratio of 113%. The high payout ratio may limit dividend growth.

What if you invested $1,000 in AQN back in 1997?

Total return calculator · dividends reinvested · 29+ years of data

See returns →