Algonquin Power & Utilities Logs 4Q Profit, Higher Revenue

Dow Jones

Mar 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)

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Utilities Corp swung to a profit in the fourth quarter, thanks to a narrowed loss at its corporate group unit and higher revenue. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Adjusted earnings were 6 cents a share. According to FactSet, analysts were expecting 5 cents a share. \n</p>\n<p>\n  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. \n</p>\n<p>\n  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. \n</p>\n<p>\n  Algonquin Power reaffirmed its 2026 adjusted earnings outlook of 35 cents to 37 cents, with about $800 million of capital expenditures. \n</p>\n<p>\n  For 2027, the company expects adjusted earnings of 38 cents to 42 cents. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Algonquin's per-share loss in the fourth quarter of the previous year was 14 cents. \"Algonquin Power &amp; Utilities Logs 4Q Profit, Higher Revenue,\" at 6:47 a.m. ET, incorrectly said the per-share loss was of 13 cents. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 06, 2026 10:22 ET (15:22 GMT)\n</p>\n<p>\n  Copyright (c) 2026 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":"AQNB","symbol_name":"Algonquin Power & Utilities Corp.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2617682414","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2617682414","pubTimestamp":1772797620,"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 & 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.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"AQNB":"Algonquin Power & Utilities Corp."},"translate_title":"阿尔冈昆电力与公用事业公司第四季度盈利，收入增加","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"AQNB":1.5},"content_text":"By Adriano Marchese \n\n\n \n\n\n  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. \n\n\n  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. \n\n\n  Adjusted earnings were 6 cents a share. According to FactSet, analysts were expecting 5 cents a share. \n\n\n  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. \n\n\n  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. \n\n\n  Algonquin Power reaffirmed its 2026 adjusted earnings outlook of 35 cents to 37 cents, with about $800 million of capital expenditures. \n\n\n  For 2027, the company expects adjusted earnings of 38 cents to 42 cents. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n\n \n\n\n  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. \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 06, 2026 10:22 ET (15:22 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}