Algonquin Power Swings to 1Q Profit

Dow Jones

05-09

By Dean Seal

Algonquin Power swung to a profit in the first quarter with big gains from its regulated services group and its hydro group.

The utility company posted a profit of $95.4 million, compared with a loss of $56.8 million in the same quarter a year earlier.

Stripping out one-time items, adjusted earnings were 14 cents a share. Analysts polled by FactSet had been expecting 10 cents a share.

The swing back to a profit was driven by strength in the company's core regulated utility operations, Chief Executive Rod West said.

The company didn't provide a revenue tally in its earnings release this year.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

May 09, 2025 07:00 ET (11:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Analysts polled by FactSet had been expecting 10 cents a share. \n</p>\n<p>\n  The swing back to a profit was driven by strength in the company's core regulated utility operations, Chief Executive Rod West said. \n</p>\n<p>\n  The company didn't provide a revenue tally in its earnings release this year. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Dean Seal at dean.seal@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 09, 2025 07:00 ET (11:00 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"AQN","symbol_name":"Algonquin Power & Utilities Corp","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2534027131","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2534027131","pubTimestamp":1746788400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Algonquin Power swung to a profit in the first quarter with big gains from its regulated services group and its hydro group.The utility company posted a profit of $95.4 million, compared with a loss of $56.8 million in the same quarter a year earlier.Stripping out one-time items, adjusted earnings were 14 cents a share. 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Analysts polled by FactSet had been expecting 10 cents a share. \n\n\n  The swing back to a profit was driven by strength in the company's core regulated utility operations, Chief Executive Rod West said. \n\n\n  The company didn't provide a revenue tally in its earnings release this year. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 09, 2025 07:00 ET (11:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}