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.
Algonquin Power & Utilities Corp. (AQN) has announced the release of its second quarter 2022 financial results scheduled for August 11, 2022, after market close. A subsequent earnings conference call is set for 10:00 a.m. ET on August 12, 2022, led by President Arun Banskota and CFO Arthur Kacprzak. AQN operates with over $17 billion in total assets, providing sustainable energy and water solutions through its diversified utility investments. The company is focused on growth and operational excellence in renewable energy and regulated services.
Algonquin Power & Utilities Corp. (AQN) announced a common share dividend of US$0.1808, payable on July 15, 2022, to shareholders of record on June 30, 2022. For preferred shares, Series A and D, dividends of C$0.32263 and C$0.31819 will be paid on June 30, 2022, respectively. Shareholders can opt for cash or reinvest dividends into additional common shares. The declared dividends qualify as eligible under Canadian tax law, supporting AQN's commitment to providing sustainable energy solutions.
Algonquin Power & Utilities Corp. (AQN) reported strong Q1 2022 financial results, showcasing a 16% revenue increase to $735.7 million and a 17% rise in adjusted EBITDA to $330.6 million. The company also achieved a remarkable 555% increase in net earnings attributable to shareholders, totaling $91.0 million. AQN's board approved a 6% dividend increase, reflecting confidence in its $12.4 billion capital growth plan. The Kentucky Power acquisition is progressing, and recent successful bond offerings bolster financial stability.
On May 10, 2022, Liberty, part of Algonquin Power & Utilities Corp. (NYSE: AQN), announced a collaboration with Meta (NASDAQ: META) for the Deerfield II wind project in Michigan. This long-term power purchase agreement ensures Meta receives 100% renewable energy from the 112 MW project, furthering both companies' sustainability goals. The project, involving a $200 million investment, is expected to generate $2 million annually in property tax revenue and create 200 jobs. Commercial operations are anticipated to begin in 2023, building on existing renewable energy partnerships.
Algonquin Power & Utilities Corp. (AQN) announced it will release its first quarter 2022 financial results on May 12, 2022, after market close. A conference call is scheduled for May 13, 2022, at 10:00 AM ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN is a diversified utility company with over $16 billion in assets, specializing in renewable energy and utility services across North America. The call will provide insights into the company's performance and future outlook as it continues to grow in the renewable energy sector.
Algonquin Power & Utilities Corp. (AQN) announced the appointment of Dan Goldberg to its Board of Directors, along with his roles in the Corporate Governance and Human Resources and Compensation Committees. Ken Moore, Chair of the Board, emphasized Mr. Goldberg's extensive experience in senior executive roles, suggesting his insights will benefit the company's governance and operations. Algonquin, with over $16 billion in assets, focuses on renewable energy and utility services across North America, serving over one million customers.
Algonquin Power & Utilities Corp. (AQN) announced a common share dividend of US$0.1706 per share, payable on April 14, 2022, with a record date of March 31, 2022. Preferred shares Series A and D will see dividends of C$0.32263 and C$0.31819, respectively, payable on March 31, 2022. A change in the discount for the shareholder dividend reinvestment plan was also implemented, reducing it to 3% from 5%. The dividends qualify as eligible dividends under the Canadian Income Tax Act.
Algonquin Power & Utilities Corp. (AQN) reported a 36% increase in annual revenue to $2,285.5 million for 2021, alongside a 24% rise in Adjusted EBITDA to $1,076.9 million. Fourth-quarter revenue also increased by 21% to $594.8 million, although net earnings fell 65% year-over-year. The company is focused on a $12.4 billion capital expenditure plan from 2022 to 2026, aimed at enhancing long-term shareholder value. Key acquisitions include Kentucky Power for $2.846 billion and a renewable natural gas platform. 2022 Adjusted Net Earnings per share are estimated between $0.72 and $0.77.
Algonquin Power & Utilities Corp. (AQN) has announced the release date for its fourth quarter and full year 2021 financial results on March 3, 2022, after market close. A conference call will follow on March 4, 2022, at 10:00 a.m. ET, featuring President Arun Banskota and CFO Arthur Kacprzak. Algonquin, with over $16 billion in total assets, operates in the renewable energy sector with over 4 GW of installed capacity, catering to over one million customer connections mainly in the U.S. and Canada.
Algonquin Power & Utilities Corp. (AQN) announced its pricing for two public offerings totaling US$750 million in the U.S. and C$400 million in Canada. Both offerings consist of junior subordinated notes due January 18, 2082. The net proceeds will primarily finance the company's acquisition of Kentucky Power Company, while short-term proceeds will reduce outstanding credit facilities. The offerings are set to close on or about January 18, 2022.