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 Corp. (AQN) hosted its annual Investor Day, detailing a robust capital plan of $12.4 billion for 2022-2026, a significant increase from the previous plan. The company is poised to enhance its greenfield pipeline with over 600 MW of new projects, including solar and wind developments in the U.S. AQN anticipates Adjusted Net Earnings per share between $0.72 and $0.77 for fiscal year 2022, projecting a 7%-9% growth rate for the next five years. Approximately 70% of the capital will be allocated to its Regulated Services Group, emphasizing their commitment to sustainability.
Algonquin Power & Utilities Corp. (AQN) will host its annual Analyst and Investor Day via webcast on December 14, 2021, from 9:00 a.m. to 11:30 a.m. EST. President Arun Banskota and CFO Arthur Kacprzak will provide a strategic overview and financial outlook alongside the executive team. Access the webcast at https://webinars.vantagevenues.com/algonquin-investor-day-2021 or dial in toll-free at 1-833-670-0721 using passcode 9180565. AQN, with over $16 billion in total assets and a strong renewable energy portfolio, emphasizes sustainable energy solutions.
Algonquin Power & Utilities Corp. (AQN) has declared a fourth-quarter 2021 common share dividend of US$0.1706, payable on January 14, 2022, to shareholders of record on December 31, 2021. For Canadian dollar equivalents, the amount is C$0.2124. Additionally, C$0.32263 and C$0.31819 dividends for Series A and D preferred shares will be paid on December 31, 2021. The dividends qualify as eligible dividends under Canadian tax law.
Algonquin Power & Utilities Corp. (AQN) reported a 40% increase in Q3 2021 revenues, totaling $528.6 million, compared to the same quarter in 2020. Adjusted EBITDA rose 27% to $252.0 million, while Adjusted Net Earnings increased 11% to $97.6 million. However, net earnings attributable to shareholders decreased significantly, resulting in a per-share loss of $0.05. AQN has announced the acquisition of Kentucky Power Company and Kentucky Transmission Company for $2.846 billion, alongside plans to issue an C$800 million share offering to finance this acquisition.
Algonquin Power & Utilities Corp. (AQN) announced the acquisition of Kentucky Power Company and AEP Kentucky Transmission Company for approximately $2.846 billion, including $1.221 billion in debt. This strategic move is expected to enhance AQN's regulated asset base by over $2 billion, increase its customer connections to 1.4 million, and boost its Adjusted Net Earnings per share. The acquisition aligns with AQN's commitment to achieve net-zero emissions by 2050, utilizing its expertise to transition Kentucky Power's generation from fossil fuels to renewable sources.
American Electric Power (Nasdaq: AEP) has agreed to sell its Kentucky operations, which include Kentucky Power and AEP Kentucky Transco, to Liberty, a subsidiary of Algonquin Power & Utilities Corp. (NYSE: AQN), for an enterprise value of $2.846 billion. The deal is expected to close in Q2 2022, pending regulatory approvals. AEP anticipates net cash proceeds of approximately $1.45 billion after taxes and fees, which will reduce equity needs for 2022. The sale is estimated to add $0.01-$0.02 to ongoing earnings in 2022.
Algonquin Power & Utilities Corp. (AQN) will release its third quarter 2021 financial results on November 11, 2021, after market close. A conference call led by CEO Arun Banskota and CFO Arthur Kacprzak will be held on November 12, 2021, at 10:00 a.m. ET. As a diversified utility, Algonquin serves over one million customers primarily in the U.S. and Canada, with total assets exceeding $16 billion and over 4 GW of installed renewable energy capacity.
Algonquin Power & Utilities Corp. (AQN) has declared a common share dividend of US$0.1706 payable on October 15, 2021. Shareholders on record by September 30, 2021 will receive this dividend, which covers the period from July 1 to September 30, 2021. Preferred Share dividends include C$0.32263 for Series A and C$0.31819 for Series D, payable on September 30, 2021. Shareholders can choose their dividend currency, receiving either U.S. dollars or the Canadian dollar equivalent.
Algonquin Power & Utilities Corp. (AQN) reported a robust financial performance for Q2 2021, achieving $527.5 million in revenue, a 54% increase year-over-year. Adjusted EBITDA rose 39% to $244.9 million, while adjusted net earnings surged 93% to $91.7 million. The company has successfully completed its Midwest 'greening the fleet' initiative and added 1,400 MW of renewable energy capacity since August 2020. AQN also issued $1.15 billion in Green Equity Units, enhancing its balance sheet.
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