Welcome to our dedicated page for Algonquin Power & Utilities news (Ticker: AQN), a resource for investors and traders seeking the latest updates and insights on Algonquin Power & Utilities stock.
Algonquin Power & Utilities Corp. reports developments for a diversified international generation, transmission and distribution utility operating through Liberty. The company’s updates center on regulated electric, natural gas, water distribution and wastewater systems, along with Canadian hydroelectric generation assets retained outside the sale of its renewable energy business.
Recurring news themes include quarterly and annual financial results, utility rate-case proceedings, regulated capital plans, cost and operating discipline, common and preferred share dividends, debt reduction, and executive leadership changes. Coverage also reflects the company’s strategic focus on electric, gas and water regulated utility operations across its principal North American markets.
Algonquin Power & Utilities Corp. (AQN) has declared a quarterly dividend of U.S. $0.1551 per share on its common shares, payable on April 15, 2021, to shareholders on record as of March 31, 2021. Shareholders may choose to receive dividends in Canadian dollars at C$0.1959. AQN is a diversified utility with approximately $13 billion in assets and over 3 GW of installed capacity in renewable energy. The company emphasizes its commitment to sustainable energy solutions and operational excellence.
Algonquin Power & Utilities Corp. (AQN) has provided an operational update regarding the impacts of severe winter storms in Texas and central U.S. Despite challenges, its Regulated Services Group demonstrated strong network reliability. However, the storms restricted electricity production at certain Texas wind facilities, leading to potential elevated settlement prices for energy obligations. The estimated financial impact on 2021 Adjusted EBITDA is between $45 million and $55 million. AQN has declared force majeure and is working to resume normal operations swiftly, with updates expected on March 4, 2021.
Algonquin Power & Utilities Corp. (AQN) will release its fourth quarter and full year 2020 financial results on March 4, 2021, post-market close. A conference call will be held on March 5, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with around $11 billion in total assets, operates as a diversified utility company focusing on renewable energy and sustainable solutions, serving over one million customer connections in the U.S. and Canada. The company continues to pursue operational excellence and growth through renewable energy projects and strategic acquisitions.
Algonquin Power & Utilities Corp. (AQN) hosted its 11th annual Analyst and Investor Day on December 14, 2020, sharing updates on its corporate strategy and financial position. The company announced a $9.4 billion capital plan for 2021-2025, focusing on renewable energy and operational excellence. Key achievements include acquisitions of ESSAL and BELCO, serving over one million customer connections, and major renewable projects totaling 1,600 MW. AQN expects Adjusted Net Earnings per share of $0.71 to $0.76 for 2021.
Algonquin Power & Utilities Corp. (AQN) reported Q3 2020 financial results, showcasing a 3% increase in revenues to $376.1 million and a 27% growth in adjusted net earnings to $88.1 million, translating to $0.15 per share. Adjusted EBITDA rose 6% to $197.9 million. The company expanded its reach to over 1 million customer connections after acquiring the ESSAL and BELCO utility companies. Despite challenges from COVID-19 affecting consumption patterns, cost containment strategies led to $18 million in savings, with expectations of further reductions.
Algonquin Power & Utilities Corp. (AQN) declared a dividend of U.S. $0.1551 per common share, payable on January 15, 2021, to shareholders of record by December 31, 2020. Shareholders can opt for Canadian dollars at C$0.2019. The dividend qualifies as an eligible dividend under the Income Tax Act in Canada. APUC boasts approximately $11 billion in assets and a focus on sustainable energy solutions, with over 2 GW of renewable energy capacity and 1.4 GW under construction.
Algonquin Power & Utilities Corp. (AQN) announced the declaration of preferred share dividends for Q4 2020. A dividend of C$0.32263 per Series A preferred share and C$0.31819 per Series D preferred share will be paid on December 31, 2020. Record holders as of December 15, 2020 will receive these dividends for the period ending December 31, 2020. The company emphasizes that these dividends qualify as eligible dividends under Canadian tax law. APUC continues to focus on sustainable energy solutions, with approximately $11 billion in total assets.
Algonquin Power & Utilities Corp. (APUC) announced the successful acquisition of Ascendant Group Limited, the sole electric utility in Bermuda. The all-cash transaction valued at approximately $365 million offers immediate benefits to APUC's 2021 Adjusted Net Earnings per share. APUC aims to enhance its presence in Bermuda, ensuring safe and reliable utility services for around 36,000 customers while promoting renewable energy initiatives. This acquisition marks APUC's 27th regulated utility since 2009, furthering its growth strategy in a high-quality jurisdiction.
Algonquin Power & Utilities Corp. (AQN) will release its third quarter 2020 financial results on November 12, 2020, after market close. A conference call is scheduled for November 13, 2020, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. The company emphasizes its commitment to providing reliable utility services across North America, with a strong focus on renewable energy, reporting over $11 billion in assets and a robust portfolio of renewable energy projects.
Algonquin Power & Utilities Corp. (AQN) has successfully completed its acquisition of Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) in Southern Chile, enhancing its regulated utility footprint. The acquisition, valued at approximately $162.1 million, allows APUC to control nearly 94% of ESSAL's shares. This move aligns with APUC's growth strategy and commitment to sustainable utility management. The integration of ESSAL into APUC's operations is expected to leverage best practices in safety and innovation, ultimately serving over 230,000 customers.