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 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.
Algonquin Power & Utilities Corp. (AQN) will release its second-quarter 2021 financial results on August 12, 2021, after market close. A conference call will be held on August 13, 2021, at 10:00 a.m. ET, led by CEO Arun Banskota and CFO Arthur Kacprzak. AQN is a diversified utility company with approximately $15 billion in total assets, committed to offering safe and sustainable energy solutions. The company operates over 3 GW of renewable energy capacity and emphasizes growth through renewable projects and acquisitions.
Algonquin Power & Utilities Corp. (AQN) has priced its upsized public offering of 20 million equity units, generating gross proceeds of $1 billion. The Offering is set to close on or about June 23, 2021, pending customary conditions. The equity units, priced at $50 each, will provide total annual distributions at a rate of 7.75%. The net proceeds, estimated at $976 million (or $1.12 billion if the underwriter's option is fully exercised), will finance renewable energy projects, aligning with AQN's commitment to sustainability.
Algonquin Power & Utilities Corp. (AQN) announced a public offering of equity units totaling up to $900 million, pending market conditions. The offering includes an option for underwriters to acquire an additional 15% of equity units. Proceeds will fund renewable energy projects, supporting AQN's commitment to sustainable solutions. Each equity unit, priced at $50, consists of a contract to purchase common shares and a 5% interest in the company's senior notes. Listing on the NYSE is anticipated within 30 days following issuance.
Algonquin Power & Utilities Corp. (AQN) held its virtual annual meeting on June 3, 2021, where all proposed director nominees were elected for the upcoming year. Key voting results showed significant shareholder support, with Arun Banskota receiving 99.81% approval. Shareholders also re-appointed Ernst & Young LLP as auditors and endorsed the company’s executive compensation approach. AQN, with approximately $15 billion in assets, focuses on sustainable energy solutions and operates over 3 GW of renewable generation capacity.
Algonquin Power & Utilities Corp. (AQN) reported strong financial results for Q1 2021, with revenues increasing by 36% to $634.5 million and adjusted EBITDA up by 17% to $282.9 million. The company also announced a 10% increase in its annual common share dividend to $0.6824 per share. Key achievements include the completion of substantial renewable energy projects and the integration of recent utility acquisitions. Overall, adjusted net earnings rose by 21% year-over-year, signaling robust operational growth.
Algonquin Power & Utilities Corp. (AQN) has announced a 10% increase in its annual common share dividend to U.S. $0.6824, payable quarterly at U.S. $0.1706 per share. The first payment will be made on July 15, 2021, to shareholders of record by June 30, 2021. Preferred Share dividends are also declared at C$0.32263 for Series A and C$0.31819 for Series D, both payable on June 30, 2021. Algonquin is committed to sustainable energy solutions with a focus on renewable sources and holds around $15 billion in total assets.
Algonquin Power & Utilities Corp. (AQN) will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call will follow on May 7, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with approximately $13 billion in total assets, is focused on sustainable energy solutions and operates over 3 GW of installed capacity across its renewable energy projects.
Algonquin Power & Utilities Corp. (AQN) announced the appointment of Carol Leaman to its Board of Directors, enhancing its leadership diversity. Leaman, President & CEO of Axonify, Inc., brings extensive experience from the technology sector, aiming to contribute to the company’s growth. The board expects her insights to bolster ongoing success. AQN, with approximately $13 billion in assets, focuses on sustainable energy solutions through its regulated and renewable energy groups, serving over one million customers primarily in the U.S. and Canada.