Welcome to our dedicated page for Algonquin Power news (Ticker: AQN), a resource for investors and traders seeking the latest updates and insights on Algonquin Power stock.
Algonquin Power & Utilities Corp (AQN) delivers essential utility services and renewable energy solutions across North America. This page provides centralized access to official company announcements, financial updates, and strategic developments.
Investors and stakeholders will find timely updates on earnings reports, regulatory filings, infrastructure investments, and sustainability initiatives. Our curated collection includes press releases detailing operational milestones, partnership announcements, and progress toward renewable energy targets.
Key areas of coverage include rate-regulated utility operations, renewable energy project updates, and strategic acquisitions. Content is organized for quick scanning while maintaining compliance with financial disclosure standards.
Bookmark this page for direct access to AQN's latest developments in water, electricity, and natural gas services alongside their growing portfolio of wind, solar, and hydroelectric assets. Check regularly for unfiltered updates straight from company sources.
Algonquin Power & Utilities (NYSE: AQN) has declared its second quarter 2025 dividends. The company will pay a common share dividend of US$0.0650 (C$0.0897) on July 15, 2025, to shareholders of record on June 30, 2025. Additionally, AQN announced preferred share dividends: Series A at C$0.41100 and Series D at C$0.42831, both payable on June 30, 2025, to holders of record on June 13, 2025.
Shareholders can receive dividends in either USD or CAD, with beneficial shareholders needing to contact their financial intermediary for currency preference. The company confirms these dividends qualify as eligible dividends under Canadian tax legislation.
Algonquin Power & Utilities (TSX/NYSE: AQN) has scheduled the release of its first quarter 2025 financial results for Friday, May 9, 2025, before market open. The company will host an earnings conference call at 8:30 a.m. ET on the same day.
The call will feature Chief Executive Officer Rod West and Interim Chief Financial Officer and Vice President of Investor Relations Brian Chin. Investors can access the call through toll-free (1-800-715-9871) or toll (1-647-932-3411) numbers using Conference ID 4990414. A webcast will also be available on the company's website.
Algonquin Power & Utilities (TSX/NYSE: AQN) has announced significant board changes and extended its cooperation agreement with Starboard Value LP. The company has appointed new CEO Rod West to the Board and plans to add Starboard Senior Partner Gavin Molinelli, pending Federal Energy Regulatory Commission approval.
Following these appointments, the Board will consist of 11 directors, with 9 being independent. Starboard, which owns approximately 8.66% of Algonquin's shares, has agreed to support the company's nominees for the 2025 annual meeting. The new agreement replaces the previous cooperation agreement from April 18, 2024.
The company continues its strategic transition to become a pure-play regulated utility, focusing on improving operational efficiency and enhancing shareholder value. The agreement includes customary standstill and voting provisions regarding Board composition, effective until either 15 business days before the 2026 shareholder nominations deadline or 75 days prior to the first anniversary of the 2025 annual meeting.
Algonquin Power & Utilities (TSX: AQN, NYSE: AQN) has announced its first quarter 2025 dividend declarations. The company will pay a common share dividend of US$0.0650 (C$0.0934) per share on April 15, 2025, to shareholders of record on March 31, 2025.
Additionally, AQN declared preferred share dividends: C$0.41100 per Series A share and C$0.42831 per Series D share, both payable on March 31, 2025, to holders of record on March 14, 2025. The company notes that its dividend reinvestment plan (DRIP) remains suspended since March 16, 2023.
Algonquin Power & Utilities (TSX/NYSE: AQN) released its Q4 and full-year 2024 financial results, marking significant progress in its transition to a pure-play utility. The company reported Q4 Net Utility Sales of $426.0M (+8%) and Annual Net Utility Sales of $1,687.9M (+4%).
Key financial metrics showed mixed results with Q4 Adjusted EBITDA at $248.6M (-5%) and Annual Adjusted EBITDA at $1,039.3M (+3%). The Regulated Services Group saw positive growth due to new rates implementation, though partially offset by higher operating expenses including $18.0M in non-recurring costs for the year.
Notable corporate actions include the sale of its 42.2% stake in Atlantica for approximately $1.1B and the completion of its renewable energy business sale to LS Power for $2.1B in January 2025. The company announced leadership changes with Rod West succeeding Chris Huskilson as CEO effective March 7, 2025.
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) has announced the appointment of Brian Chin as Interim Chief Financial Officer, effective March 7, 2025. Chin, who currently serves as Vice President of Investor Relations, will take over from current CFO Darren Myers, who is departing for another opportunity.
The company has engaged a national search firm to identify a permanent CFO. Chin, who joined Algonquin in 2021, brings over two decades of utilities experience, including senior executive positions at Algonquin and American Water Works in Investor Relations, Treasury, and Strategic Financial Planning. He previously worked as a lead utility equity analyst at Bank of America Merrill Lynch and Citigroup, and in Audit at KPMG.
Algonquin Power & Utilities (TSX/NYSE: AQN) has announced that Rod West will become CEO effective March 7, 2025, succeeding Chris Huskilson, who will remain on the Board. West joins from Entergy, where he served as Group President of Utility Operations for 25 years, overseeing electric and gas distribution, customer service, regulatory engagement, and commercial development.
The appointment aligns with AQN's strategic transformation into a pure-play regulated utility. Under Huskilson's leadership, the company has made progress in its strategic plan, including selling its interest in Atlantica, divesting its renewable energy business (excluding hydro), and initiating cost structure and operational efficiency improvements.
West's appointment is viewed as strategic given his extensive utility industry experience, including leading Entergy New Orleans' reconstruction after Hurricane Katrina.
Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) has scheduled the release of its fourth quarter and full year 2024 financial results for Friday, March 7, 2025, before market open. The company will host an earnings conference call at 8:30 a.m. ET on the same day, featuring Chief Executive Officer Chris Huskilson and Chief Financial Officer Darren Myers.
The conference call will be accessible via toll-free number 1-800-715-9871 or toll number 1-647-932-3411 with Conference ID 4528692. A webcast of the presentation will also be available on the company's website.
Algonquin Power & Utilities Corp. (AQN) announced the upcoming departure of Chief Financial Officer Darren Myers, who will remain in his position through the reporting of the company's fourth quarter 2024 results. Myers, who joined in August 2022, has decided to pursue another leadership opportunity.
CEO Chris Huskilson acknowledged Myers' significant role in steering the company through its strategic review and the sale of its renewables business, transforming AQN from a hybrid business to a pure-play regulated utility. The company will immediately begin searching for Myers' replacement, with the current CFO committed to ensuring a smooth transition.
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