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) 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.
Algonquin Power & Utilities Corp. (AQN) announced the retirement of Vice-Chair Christopher Jarratt, effective November 30, 2020. A co-founder, Jarratt has been pivotal in transforming the company into a diversified utility with over $11 billion in total assets. Chairman Ken Moore and CEO Arun Banskota praised Jarratt's leadership and contributions. APUC is committed to delivering reliable utility services and expanding its renewable energy portfolio, currently totaling over 2 GW of installed capacity and additional capacity under construction.
Algonquin Power & Utilities Corp. (AQN) announced the appointment of Arthur Kacprzak as the new Chief Financial Officer, succeeding David Bronicheski, who has retired. Kacprzak, who joined the company in 2012, has extensive experience in corporate finance and treasury. The transition is described as part of a strategy to ensure continuity in leadership while maintaining the company's growth trajectory. APUC manages approximately $11 billion in assets and focuses on sustainable energy solutions.
Algonquin Power & Utilities Corp. (AQN) announced its agreement to acquire 53.5% of Empresa de Servicios Sanitarios de Los Lagos S.A. (ESSAL) for $92.3 million, expanding its regulated utility presence in Southern Chile. This move positions APUC in a stable, investment-grade OECD country with high GDP growth potential. The acquisition is expected to enhance APUC's Adjusted Net Earnings per share and Adjusted Funds from Operations, as it taps into opportunities in water and clean energy sectors. The deal is anticipated to close in 2020.
