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) generates a steady stream of news as a diversified international generation, transmission, and distribution utility and the parent company of Liberty. With regulated electric, water, wastewater, and natural gas utilities in multiple jurisdictions and hydroelectric generation facilities in Canada, the company regularly reports developments that matter to investors, customers, and regulators.
News coverage for AQN commonly features quarterly and interim financial results, where the company discusses performance of its Regulated Services Group, Hydro Group, and Corporate Group. These updates often highlight the impact of approved rates across its utilities, regulatory proceedings at specific systems, and the contribution of hydroelectric generation in Canada. Releases also describe the use of non-GAAP measures such as Adjusted Net Earnings and provide reconciliations to U.S. GAAP metrics.
Another key category of AQN news is corporate and leadership announcements. Recent items include the appointment of a Chief Operating Officer to lead electric, gas, and water regulated utility operations, as well as the creation of roles such as Chief Regulatory and External Affairs Officer and Chief Customer Officer. These updates explain how new executives are expected to support Algonquin’s focus on operational execution, regulatory strategy, and customer experience.
Investors following AQN will also see dividend declarations for its common and preferred shares, including details on payment currencies and eligibility under Canadian tax legislation, as well as announcements of dates for upcoming financial results and earnings conference calls. Annual meeting results, including director elections and shareholder votes on matters such as the shareholder rights plan and executive compensation approach, are also reported.
By tracking the AQN news feed, readers can monitor financial performance, regulatory milestones, leadership changes, dividend decisions, and governance developments that shape the company’s profile as a regulated utility and hydroelectric power operator.
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Ancora Holdings Group, a significant shareholder of Algonquin Power & Utilities Corp. (AQN), has issued a statement on the company's decision to terminate its stock purchase agreement with Kentucky Power Company and AEP Kentucky Transmission Company. This decision comes after significant pushback from shareholders and follows a 45% decline in Algonquin's stock price over the past year. Ancora urges the Board to expedite $1 billion in planned asset sales to deleverage the balance sheet and increase shareholder value. They emphasize that failure to act will likely lead to continued poor returns for investors and could trigger shareholder intervention.
On April 17, 2023, Algonquin Power & Utilities Corp. (AQN) announced that its subsidiary Liberty Utilities has mutually terminated the stock purchase agreement with American Electric Power (AEP) regarding Kentucky Power Company and AEP Kentucky Transmission Company. This decision comes after careful consideration of the current macro environment, as stated by AQN's CEO, Arun Banskota. The company maintains its projected Adjusted Net Earnings per share for 2023 at $0.55 to $0.61 and plans to release its Q1 2023 financial results on May 11, 2023. AQN highlights its robust asset base and commitment to sustainable growth. Additional investor information is available on its website.
Algonquin Power & Utilities Corp. (AQN) announced its board of directors approved dividends for the first quarter of 2023. Common shareholders will receive US$0.1085 per share, payable on April 14, 2023, with a record date of March 31, 2023. Preferred Series A shareholders will receive C$0.32263 and Series D shareholders C$0.31819, both payable on March 31, 2023, with a record date of March 24, 2023. Additionally, the company suspended its dividend reinvestment plan on March 16, 2023.
Algonquin Power & Utilities Corp. (AQN) announced plans to release its Q4 and full-year 2022 financial results on March 17, 2023, before market opening. The earnings conference call will take place at 8:30 a.m. ET, hosted by CEO Arun Banskota and CFO Darren Myers. AQN boasts over $17 billion in total assets and operates in the U.S. and Canada, serving over one million customers. The company leads in renewable energy with over 4 GW of installed capacity. The results and their implications will be pivotal for investors looking to track AQN's performance.
Algonquin Power & Utilities Corp. (AQN) held an investor update on January 12, 2023, outlining plans to strengthen its financial and strategic positions amid evolving market challenges. CEO Arun Banskota stated the company will reduce capital expenditures and realign capital allocation while focusing on sustainable growth. Key actions include lowering the quarterly dividend from $0.1808 to $0.1085, pursuing the Kentucky Power Acquisition, targeting $1 billion in asset sales, and suspending the dividend reinvestment plan. AQN expects Adjusted Net Earnings per common share of $0.55 to $0.61 for the fiscal year 2023.
Algonquin Power & Utilities Corp. (AQN) has declared a fourth-quarter common share dividend of US$0.1808, payable on January 13, 2023, to shareholders of record by December 30, 2022. Shareholders can opt to receive the dividend in Canadian dollars at C$0.2438. Additionally, preferred share dividends include C$0.32263 for Series A and C$0.31819 for Series D, both payable on January 3, 2023. The dividends qualify as eligible dividends under Canadian tax law.
Algonquin Power & Utilities Corp. (AQN) has announced the release of its third quarter 2022 financial results on November 11, 2022, before market open. A conference call will take place at 8:00 a.m. ET on the same day, featuring CEO Arun Banskota and CFO Darren Myers. The company maintains a diversified portfolio of over $17 billion in total assets, focusing on renewable energy and utility services across the U.S. and Canada, with more than 4 GW of installed renewable energy capacity.