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
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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)
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