Algonquin Power & Utilities Logs 4Q Profit, Higher Revenue

Dow Jones
03/06
 

By Adriano Marchese

 

Algonquin Power & Utilities Corp swung to a profit in the fourth quarter, thanks to a narrowed loss at its corporate group unit and higher revenue.

The regulated utility company on Friday posted a net income $29.4 million, or 4 cents a share, compared with a loss of $110.2 million, or 13 cents a share, in the comparable quarter a year ago.

Adjusted earnings were 6 cents a share. According to FactSet, analysts were expecting 5 cents a share.

The regulated services group reported net earnings of $73.6 million, up from $60.5 million, while its corporate group's net loss narrowed to $46.3 million from $173.2 million.

Revenue rose to $630.7 million, from $584.8 million a year ago, well ahead of the $606.8 million that analysts had forecasted for the quarter.

Algonquin Power reaffirmed its 2026 adjusted earnings outlook of 35 cents to 37 cents, with about $800 million of capital expenditures.

For 2027, the company expects adjusted earnings of 38 cents to 42 cents.

 

Write to Adriano Marchese at adriano.marchese@wsj.com

 

(END) Dow Jones Newswires

 

Algonquin's per-share loss in the fourth quarter of the previous year was 14 cents. "Algonquin Power & Utilities Logs 4Q Profit, Higher Revenue," at 6:47 a.m. ET, incorrectly said the per-share loss was of 13 cents.

 

(END) Dow Jones Newswires

March 06, 2026 10:22 ET (15:22 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

應版權方要求,你需要登入查看該內容

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10