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Algonquin Power & Utilities (TSE:AQN)
TSX:AQN
RESEARCH TOOLSreports
Earnings Data
Report Date
May 08, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.14Last Year’s EPS
0.2Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2025
|% Change Since: -0.73%
|Next Earnings Date:May 08, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment with significant strategic achievements such as leadership transition and regulatory progress. However, these positives are offset by financial underperformance, operational challenges, and regulatory delays impacting the overall outlook.Company Guidance
During the Algonquin Power & Utilities Corp Fourth Quarter and Year End 2024 Earnings Conference Call, several key metrics and guidance points were highlighted. The company reported a consolidated adjusted EBITDA of $248.6 million for Q4, reflecting a 5.2% decline year-over-year, while full-year consolidated adjusted EBITDA increased by 2.6% to approximately $1.04 billion. Regulated adjusted EBITDA for Q4 was $234.4 million, a 2.4% increase from the previous year, and for the full year, it was $940.2 million, up 4.2%. The company's adjusted net earnings for Q4 were $45.2 million, down from $81.3 million the previous year, with full-year adjusted net earnings at $232.1 million, compared to $279.4 million in 2023. Adjusted net earnings per share for the full year were $0.30, down from $0.39 in 2023. Algonquin's year-end balance sheet showed a total GAAP debt of $8.05 billion, which is expected to be reduced following the $2.1 billion proceeds from the sale of its renewables business. The company's year-end 2024 estimated rate base was approximately $7.8 billion, an increase from $7.2 billion the previous year. The call also discussed the leadership transition, with Rod West taking over as CEO, and the strategic focus on improving customer service, operational efficiency, and closing the gap between the authorized and earned ROE, which currently stands in the mid-5% range against an authorized rate of 9.2%. Additionally, the company plans to provide more detailed guidance and an outlook within the next 90 days.Successful Leadership Transition
Roderick West was introduced as the Incoming CEO, bringing over 25 years of experience with Entergy. His leadership is expected to drive Algonquin towards new growth as a pure-play regulated utility.
Major Strategic Milestones Achieved
Completion of the sale of the renewables business and stake in Atlantica, leading to significant proceeds used to reduce debt and marking a transition to a pure-play regulated utility.
Regulatory Progress
Several rate cases were successfully settled and new rates implemented in Missouri, Arkansas, and New Brunswick, providing a positive outlook for regulatory improvements.
Transmission Investment Opportunities
Southwest Power Pool's plan approval includes projects in the Empire Electric footprint, potentially leading to over $700 million in capital spending in the next five to seven years.
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TSE:AQN Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:AQN Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 07, 2025 | C$6.83 | C$6.87 | +0.59% |
| Nov 07, 2024 | C$6.51 | C$6.56 | +0.75% |
| Aug 09, 2024 | C$8.27 | C$7.22 | -12.61% |
| May 10, 2024 | C$8.83 | C$8.58 | -2.82% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Algonquin Power & Utilities (TSE:AQN) report earnings?
Algonquin Power & Utilities (TSE:AQN) is schdueled to report earning on May 08, 2025, TBA Not Confirmed.
What is Algonquin Power & Utilities (TSE:AQN) earnings time?
Algonquin Power & Utilities (TSE:AQN) earnings time is at May 08, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:AQN EPS forecast?
TSE:AQN EPS forecast for the fiscal quarter 2025 (Q1) is 0.14.
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