Canada's Algonquin swings to Q4 net profit, reaffirms 2026 adjusted net EPS outlook

Algonquin Power & Utilities

06/03/2026 11:41

Overview

Canada utility firm posts Q4 net earnings of $29.4 mln from a loss last year

Adjusted Net EPS for Q4 remained stable at $0.06

Company reaffirmed 2026 adjusted net EPS outlook range of $0.35 - $0.37

Outlook

Algonquin reaffirms 2026 Adjusted Net EPS range of $0.35 - $0.37

Company expects 2027 Adjusted Net EPS range of $0.38 - $0.42

Algonquin plans $3.2 bln in capital expenditures from 2026 to 2028

Result Drivers

OPERATING EFFICIENCIES - Achieved flat operations and maintenance expenses year-over-year, contributing to improved financial performance

DEBT REDUCTION - Strengthened balance sheet by retiring $1.6 bln in debt following the sale of renewable energy business

RATE IMPLEMENTATION - Regulated Services Group's earnings growth driven by approved customer rates and lower interest expenses

Company press release: ID:nBw8rQKSTa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Adjusted Net Income
$47.2 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy."

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)