Welcome to our dedicated page for Algonquin Power & Utilities news (Ticker: AQNB), a resource for investors and traders seeking the latest updates and insights on Algonquin Power & Utilities stock.
Algonquin Power & Utilities Corp (AQNB) delivers essential utility services and renewable energy solutions across North America. This news hub provides investors and stakeholders with authoritative updates on corporate developments, financial performance, and strategic initiatives.
Access timely press releases covering earnings announcements, regulatory updates, infrastructure investments, and renewable energy project milestones. Our curated collection features verified information on rate-regulated service expansions, wind/solar facility developments, and operational updates from both business segments.
Key content includes quarterly financial disclosures, environmental stewardship initiatives, transmission system upgrades, and strategic acquisitions. Bookmark this page for direct access to primary source materials that inform investment decisions and sector analysis.
Algonquin Power & Utilities (AQN) has announced its Q4 2024 dividend distributions. The company will pay US$0.0650 (C$0.0901) per common share on January 15, 2025, to shareholders of record on December 31, 2024. For preferred shares, Series A holders will receive C$0.41100 and Series D holders will receive C$0.42831, both payable on December 31, 2024. The company notes that its dividend reinvestment plan (DRIP) remains suspended since March 16, 2023. All dividends qualify as eligible dividends under Canadian tax legislation.
Algonquin Power & Utilities (AQN) reported Q3 2024 financial results showing mixed performance. Net Utility Sales reached $442.9 million, up 6%, and Adjusted EBITDA increased 4% to $264.4 million. However, Adjusted Net Earnings decreased 5% to $64.9 million, with earnings per share dropping 20% to $0.08. The company announced progress in its strategic transition, including the sale of its renewables business to LS Power for up to $2.5 billion. Notable developments include new rate case filings, with CalPeco Electric seeking a $39.8 million revenue increase and Empire Electric requesting $92.1 million in Missouri.
Algonquin Power & Utilities Corp. (AQN) will release its fourth quarter and full year 2020 financial results on March 4, 2021, post-market close. A conference call will be held on March 5, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with around $11 billion in total assets, operates as a diversified utility company focusing on renewable energy and sustainable solutions, serving over one million customer connections in the U.S. and Canada. The company continues to pursue operational excellence and growth through renewable energy projects and strategic acquisitions.
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) 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 preferred share dividends for Q3 2020. Series A shareholders will receive C$0.32263 and Series D shareholders C$0.31819, both payable on September 30, 2020, to shareholders on record as of September 15, 2020. These dividends qualify as eligible dividends under Canadian tax laws. APUC, with assets of approximately $11 billion, operates in energy and water solutions, serving around 807,000 connections in the U.S. and Canada, and is recognized for its renewable energy initiatives.
