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\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"}}}