Algonquin Power Reports Q3 2026 Revenue Growth Amid Strategic Utility Transition
Algonquin Power & Utilities Corp. (AQN) reported third-quarter 2026 revenue of $642.5 million, an increase from $582.7 million in the same period last year. Adjusted net earnings rose to $88.1 million, up from $69 million in Q3 2025, driven by favorable weather conditions at Empire Electric and new rate implementations at CalPeco and Empire Electric Missouri. The company is currently undergoing a strategic transformation toward becoming a pure-play regulated utility. Key financial activities included the $126 million sale of its 64% interest in a Chilean water utility (Suralis) and managing significant wildfire-related costs, including $39.7 million in insurance costs year-to-date. Despite these headwinds, management confirmed that full-year 2026 adjusted net EPS guidance remains on track.
Tickers: $AQN
Topics: EPS guidance net earnings regulatory adjustments revenue growth