Algonquin Power & Utilities Corp. (AQN) 10-Year Financial Performance & Capital Metrics

AQN • • Utilities

UtilitiesRenewable EnergyIntegrated Renewable UtilitiesHybrid Utility-Renewable Operators

AboutAlgonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets. The company operates through two segments, Regulated Services Group and Renewable Energy Group. The Regulated Services Group segment operates a portfolio of rate-regulated utilities located in the United States, Canada, Chile, and Bermuda. Its utilities provide distribution services to approximately 1,093,000 customer connections in the electric, natural gas, and water and wastewater sectors The Renewable Energy Group segment generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its portfolio of renewable and clean power generation facilities primarily in the United States and Canada. It owns and operates hydroelectric, wind, solar, and thermal facilities; and owns and operates a portfolio of clean energy and water infrastructure assets. The company was incorporated in 1988 and is headquartered in Oakville, Canada.Show more

Revenue $2.32B -3.5%
EBITDA $923M -1.2%
Net Income -$1.38B -4914.5%
Free Cash Flow -$391M +1.9%
EBITDA Margin 39.78% +2.4%
Net Margin -59.52% -5089.7%
ROE -21.04% -5271.6%
Interest Coverage 1.29 -9.5%
Debt/Equity 1.08 +0.3%
Net Debt/EBITDA 7.22 -9.7%
CapEx / Revenue 37.61% -11.9%
CapEx Coverage 0.55 -9.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high
✓Trading at only 0.8x book value

✗Weaknesses

✗High leverage: 7.3x Debt/EBITDA
✗Weak interest coverage of 1.3x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.06%

5Y7.36%

3Y0.66%

TTM-0.62%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1211.5%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1212.5%

ROCE

10Y Avg3.65%

5Y Avg2.92%

3Y Avg2.73%

Latest2.77%

Peer Comparison

Hybrid Utility-Renewable Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNAlgonquin Power & Utilities Corp.	4.95B	6.44	-3.56	-3.51%	-57.66%	-26.75%		1.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	740.69M	815.43M	1.57B	1.65B	1.63B	1.68B	2.27B	2.77B	2.4B	2.32B
Revenue Growth %	-0.09%	0.1%	0.93%	0.05%	-0.01%	0.03%	0.36%	0.22%	-0.13%	-0.04%
Cost of Revenue	271.58M	219.71M	405.88M	484.14M	443.3M	401.01M	713.91M	866.35M	743.5M	594.33M
Gross Profit+	469.11M	595.72M	1.17B	1.16B	1.18B	1.28B	1.56B	1.9B	1.66B	1.73B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.04%	0.27%	0.96%	-0%	0.02%	0.08%	0.22%	0.22%	-0.13%	0.04%
Operating Expenses+	338M	421.28M	786.94M	789.86M	816.24M	891.96M	1.15B	1.5B	1.19B	1.28B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	242.27M	314.12M	640.24M	624.83M	651.15M	698.15M	816.07M	857.57M	934.28M	922.77M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.11%	0.3%	1.04%	-0.02%	0.04%	0.07%	0.17%	0.05%	0.09%	-0.01%
Depreciation & Amortization+	109.27M	139.37M	260.54M	247.47M	284.3M	314.12M	402.96M	455.52M	467M	476.68M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	133.01M	174.76M	379.69M	377.36M	366.85M	384.03M	413.1M	402.05M	467.29M	446.09M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.11%	0.31%	1.17%	-0.01%	-0.03%	0.05%	0.08%	-0.03%	0.16%	-0.05%
Interest Expense+	47.56M	97.9M	155.82M	152.12M	181.49M	181.93M	227.67M	293.75M	328.1M	346.12M
Interest Coverage	2.80x	1.78x	2.44x	2.48x	2.02x	2.11x	1.81x	1.37x	1.42x	1.29x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	93.86M	96.35M	179.75M	132.46M	555.07M	792.41M	142.23M	-369.67M	-62.12M	177.18M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	31.5M	27.63M	75.7M	53.37M	70.12M	64.58M	-43.42M	-61.51M	-37.05M	186.8M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	84.66M	97.41M	153.55M	184.99M	530.88M	782.46M	264.86M	-211.99M	28.67M	-1.38B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.3%	0.15%	0.58%	0.2%	1.87%	0.47%	-0.66%	-1.8%	1.14%	-49.15%
EPS (Diluted)+	0.30	0.33	0.37	0.40	1.06	1.37	0.41	-0.49	0.03	-1.81
EPS Growth %	0.11%	0.1%	0.12%	0.08%	1.65%	0.29%	-0.7%	-2.2%	1.06%	-61.33%
EPS (Basic)	0.30	0.33	0.38	0.40	1.06	1.38	0.41	-0.49	0.03	-1.81
Diluted Shares Outstanding	256.52M	274.08M	385.99M	466.05M	499.91M	564.37M	628.95M	628.95M	690.76M	731.72M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.6B	6.14B	8.38B	9.39B	10.92B	13.22B	16.8B	17.63B	18.37B	16.96B
Asset Growth %	0.01%	0.71%	0.36%	0.12%	0.16%	0.21%	0.27%	0.05%	0.04%	-0.08%
PP&E (Net)+	2.79B	3.64B	6.29B	6.39B	7.24B	8.24B	11.04B	11.94B	9.13B	9.45B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	305.35M	365.93M	497.18M	491.61M	513.19M	695.2M	938.74M	1.09B	1.07B	1.14B
Cash & Equivalents	89.61M	82.15M	43.38M	46.82M	62.48M	101.61M	125.16M	57.62M	25.05M	34.84M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	20.54M	16.09M	89.28M	95.6M	91.1M	134.65M	177.76M	224.92M	222.41M	223.6M
Other Current Assets	47.07M	95.25M	89.78M	76.17M	71.46M	84.46M	177.85M	225.23M	351.66M	385.31M
Long-Term Investments	125.97M	78.44M	67.17M	948.9M	1.38B	2.03B	2.31B	1.75B	1.19B	67.76M
Goodwill	79.62M	228.14M	951.28M	954.28M	1.03B	1.21B	1.2B	1.32B	1.32B	1.31B
Intangible Assets	56.18M	48.35M	50.98M	54.99M	47.62M	114.91M	105.12M	96.68M	72.46M	69.14M
Other Assets	225.51M	1.76B	458.97M	473.21M	676.81M	911.04M	1.17B	1.33B	5.44B	4.92B
Total Liabilities	1.93B	4.27B	5.02B	5.35B	6.18B	7.23B	9.1B	10.47B	11.43B	10.78B
Total Debt+	1.07B	3.18B	3.07B	3.34B	3.93B	4.54B	6.21B	7.51B	7.5B	6.7B
Net Debt	981.81M	3.1B	3.03B	3.29B	3.87B	4.44B	6.09B	7.45B	7.48B	6.66B
Long-Term Debt	1.06B	3.17B	3.06B	3.32B	3.71B	4.4B	5.85B	7.09B	6.88B	6.21B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	3.44M	0	0	0	0	0	0
Total Current Liabilities+	282.39M	406.63M	562.71M	498.98M	872.07M	955.4M	1.36B	1.53B	1.69B	1.5B
Accounts Payable	36.34M	67.4M	119.89M	89.74M	150.34M	192.16M	185.29M	186.08M	180.41M	164.15M
Accrued Expenses	139.31M	229.39M	280.14M	235.59M	307.95M	369.53M	428.73M	555.79M	480.69M	503.25M
Deferred Revenue	195.82M	290.49M	375.59M	298.2M	0	0	0	0	0	0
Other Current Liabilities	97.92M	103.12M	101.22M	97.99M	114.82M	161.11M	279.75M	243.66M	327.23M	288.56M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	160.8M	172.94M	624.19M	260.15M	1.11B	1.31B	1.35B	1.28B	2.3B	2.5B
Total Equity+	1.67B	1.87B	3.35B	4.04B	4.74B	5.99B	7.7B	7.16B	6.94B	6.18B
Equity Growth %	0.05%	0.12%	0.79%	0.2%	0.17%	0.26%	0.29%	-0.07%	-0.03%	-0.11%
Shareholders Equity	1.39B	1.43B	2.71B	3.18B	3.88B	5.2B	5.86B	5.22B	5.04B	4.71B
Minority Interest	275.67M	440.29M	642.65M	860.88M	863.32M	785.79M	1.84B	1.94B	1.9B	1.47B
Common Stock	1.3B	1.47B	2.95B	3.56B	4.02B	4.94B	6.03B	6.18B	6.23B	7.39B
Additional Paid-in Capital	27.53M	28.76M	34.48M	45.55M	50.58M	60.73M	2.01M	9.41M	7.25M	-19.22M
Retained Earnings	-376.97M	-413.68M	-491.32M	-595.26M	-367.11M	45.75M	-288.42M	-997.95M	-1.28B	-2.93B
Accumulated OCI	206.63M	189.66M	45.18M	-19.39M	-9.76M	-22.51M	-71.68M	-160.06M	-102.29M	81.4M
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.05%	0.06%	0.02%	-0.01%	0%	-0.08%
Return on Equity (ROE)	0.05%	0.06%	0.06%	0.05%	0.12%	0.15%	0.04%	-0.03%	0%	-0.21%
Debt / Equity	0.64x	1.70x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.08x	1.08x
Debt / Assets	0.3%	0.52%	0.37%	0.36%	0.36%	0.34%	0.37%	0.43%	0.41%	0.39%
Net Debt / EBITDA	4.05x	9.86x	4.73x	5.27x	5.94x	6.36x	7.46x	8.69x	8.00x	7.22x
Book Value per Share	6.51	6.83	8.69	8.67	9.48	10.61	12.25	11.38	10.05	8.45

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	188.71M	213.72M	364.05M	530.35M	611.26M	505.22M	157.47M	619.1M	628.03M	481.72M
Operating CF Growth %	0.14%	0.13%	0.7%	0.46%	0.15%	-0.17%	-0.69%	2.93%	0.01%	-0.23%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	62.36M	68.73M	104.05M	79.09M	484.95M	727.83M	185.66M	-308.15M	-33.3M	-1.52B
Depreciation & Amortization	109.27M	145.64M	261.85M	281.16M	284.3M	314.12M	402.96M	455.52M	467M	476.68M
Deferred Taxes	26.23M	21.33M	67.82M	42.02M	53.69M	59.7M	-50.66M	-66.61M	-76.56M	105.58M
Other Non-Cash Items	-5.44M	-29.14M	-19.25M	128.71M	-283.02M	-543.59M	133.13M	751.78M	348.43M	1.53B
Working Capital Changes	-7.64M	2.76M	-58.87M	-8.13M	60.3M	-77.48M	-522.02M	-221.62M	-87.92M	-132.74M
Capital Expenditures+	-223.4M	-2.15B	-588.49M	-1.46B	-1.32B	-1.23B	-1.35B	-1.79B	-1.03B	-872.42M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-223.4M	-2.15B	-601.79M	-1.46B	-1.32B	-1.23B	-1.8B	-1.79B	-1.1B	132.74M
Acquisitions	-2.68M	-321.92M	-1.54B	319.83M	-308.42M	-402.78M	-220K	-632.8M	0	29.55M
Purchase of Investments	-99.85M	-258.84M	-65.57M	-1.01B	-669.83M	-279.19M	-622.32M	-221.28M	-248.21M	-115.14M
Sale of Investments	998.78K	485.83K	0	1000K	1000K	1000K	220K	1000K	1000K	1000K
Other Investing	25.27M	-1.27B	1.59B	14.95M	234.43M	222.87M	169.26M	151.77M	167.01M	1.07B
Cash from Financing+	112.63M	1.93B	196.53M	931.94M	733.37M	766.86M	1.67B	1.11B	442.81M	-556.41M
Dividends Paid	-64.51M	-95.64M	-143.62M	-174.41M	-209.64M	-276.01M	-313.34M	-387.32M	-330.82M	-295.55M
Dividend Payout Ratio %	0.67%	0.9%	0.88%	0.9%	0.38%	0.34%	1.16%	-	11.25%	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Stock Issued	104.27M	1.14M	442.65M	473.91M	370.79M	820.77M	985.62M	43.55M	5.32M	1.15B
Share Repurchases	0	-3.88M	-3.31M	-2.09M	-5.28M	-5.27M	-3.37M	-4.67M	-2.43M	-3.48M
Other Financing	34.86M	27.41M	317.2M	316.5M	9.13M	-102.96M	1.07B	89.29M	-27.96M	-6.95M
Net Change in Cash+	82.93M	-10.71M	-44.43M	6.35M	21.5M	42.75M	31.37M	-60.2M	-25.05M	54.95M
Exchange Rate Effect	1000K	-1000K	-1000K	-606K	1000K	573K	-1000K	-1000K	-267K	-1000K
Cash at Beginning	6.68M	92.86M	87.81M	59.42M	65.77M	87.27M	130.02M	161.39M	101.19M	76.14M
Cash at End	89.61M	82.15M	43.38M	65.77M	87.27M	130.02M	161.39M	101.19M	76.14M	131.09M
Free Cash Flow+	-34.7M	-1.94B	-224.43M	-924.98M	-712.9M	-724.69M	-1.19B	-1.17B	-398.14M	-390.7M
FCF Growth %	0.83%	-54.91%	0.88%	-3.12%	0.23%	-0.02%	-0.64%	0.02%	0.66%	0.02%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.19%	5.5%	5.88%	5%	12.1%	14.59%	3.87%	-2.85%	0.41%	-21.04%
EBITDA Margin	32.71%	38.52%	40.71%	37.93%	40.04%	41.63%	35.88%	31.01%	38.86%	39.78%
Net Debt / EBITDA	4.05x	9.86x	4.73x	5.27x	5.94x	6.36x	7.46x	8.69x	8.00x	7.22x
Interest Coverage	2.80x	1.78x	2.44x	2.48x	2.02x	2.11x	1.81x	1.37x	1.42x	1.29x
CapEx / Revenue	30.16%	264.12%	37.42%	88.34%	81.42%	73.34%	59.15%	64.68%	42.69%	37.61%
Dividend Payout Ratio	67.35%	90.24%	88.46%	89.94%	37.85%	34.14%	115.95%	-	1124.6%	-
Debt / Equity	0.64x	1.70x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.08x	1.08x
EPS Growth	11.11%	10%	12.12%	8.11%	165%	29.25%	-70.07%	-219.51%	106.12%	-6133.33%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2022
Regulated Electricity	-	-	-	-	-	-	831.2M	784.4M	1.28B
Regulated Electricity Growth	-	-	-	-	-	-	-	-5.63%	62.85%
Regulated Gas	-	-	-	-	-	-	430.38M	439.15M	686.74M
Regulated Gas Growth	-	-	-	-	-	-	-	2.04%	56.38%
Regulated Water	-	-	-	-	-	-	128.44M	130.49M	364.38M
Regulated Water Growth	-	-	-	-	-	-	-	1.60%	179.25%
Non-Regulated Energy	-	-	-	-	-	-	235.36M	-	350.94M
Non-Regulated Energy Growth	-	-	-	-	-	-	-	-	-
Other Revenue	-	-	-	-	-	-	22.02M	24.28M	85.68M
Other Revenue Growth	-	-	-	-	-	-	-	10.29%	252.84%
Liberty Utilities Group	-	-	-	-	-	1.68B	-	-	-
Liberty Utilities Group Growth	-	-	-	-	-	-	-	-	-
Liberty Power Group	-	-	-	-	-	300.17M	-	-	-
Liberty Power Group Growth	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-
Distribution	-	-	724.79M	783.1M	830.07M	-	-	-	-
Distribution Growth	-	-	-	8.04%	6.00%	-	-	-	-
Generation	-	-	218.76M	244.75M	265.95M	-	-	-	-
Generation Growth	-	-	-	11.88%	8.66%	-	-	-	-
Corporate	-	400K	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-
Algonquin Power Co	14.29M	189.69M	-	-	-	-	-	-	-
Algonquin Power Co Growth	-	1227.62%	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2022
UNITED STATES	-	-	851.29M	940.88M	995.62M	1.88B	1.58B	1.54B	2.23B
UNITED STATES Growth	-	-	-	10.52%	5.82%	89.08%	-16.23%	-2.49%	45.21%
International, Excluding Canada	-	-	-	-	-	-	-	-	357.19M
International, Excluding Canada Growth	-	-	-	-	-	-	-	-	-
CANADA	-	-	92.27M	86.98M	100.4M	95.33M	70.36M	87.23M	175M
CANADA Growth	-	-	-	-5.73%	15.44%	-5.06%	-26.19%	23.97%	100.63%
East	86.73M	271.16M	-	-	-	-	-	-	-
East Growth	-	212.63%	-	-	-	-	-	-	-
Western	109.18M	116.94M	-	-	-	-	-	-	-
Western Growth	-	7.11%	-	-	-	-	-	-	-
Central	34.93M	97.1M	-	-	-	-	-	-	-
Central Growth	-	177.99%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Algonquin Power & Utilities Corp. (AQN) reported $2.38B in revenue for fiscal year 2024. This represents a 778% increase from $270.9M in 2011.

Algonquin Power & Utilities Corp. (AQN) saw revenue decline by 3.5% over the past year.

Algonquin Power & Utilities Corp. (AQN) reported a net loss of $1.37B for fiscal year 2024.

Dividend & Returns

Yes, Algonquin Power & Utilities Corp. (AQN) pays a dividend with a yield of 6.05%. This makes it attractive for income-focused investors.

Algonquin Power & Utilities Corp. (AQN) has a return on equity (ROE) of -21.0%. Negative ROE indicates the company is unprofitable.

Algonquin Power & Utilities Corp. (AQN) generated $2.59B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Algonquin Power & Utilities Corp. (AQN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.

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Algonquin Power & Utilities Corp. (AQN) 10-Year Financial Performance & Capital Metrics

AQN • • Utilities

UtilitiesRenewable EnergyIntegrated Renewable UtilitiesHybrid Utility-Renewable Operators

Revenue $2.32B -3.5%
EBITDA $923M -1.2%
Net Income -$1.38B -4914.5%
Free Cash Flow -$391M +1.9%
EBITDA Margin 39.78% +2.4%
Net Margin -59.52% -5089.7%
ROE -21.04% -5271.6%
Interest Coverage 1.29 -9.5%
Debt/Equity 1.08 +0.3%
Net Debt/EBITDA 7.22 -9.7%
CapEx / Revenue 37.61% -11.9%
CapEx Coverage 0.55 -9.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high
✓Trading at only 0.8x book value

✗Weaknesses

✗High leverage: 7.3x Debt/EBITDA
✗Weak interest coverage of 1.3x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.06%

5Y7.36%

3Y0.66%

TTM-0.62%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1211.5%

EPS CAGR

10Y-

5Y-

3Y-

TTM-1212.5%

ROCE

10Y Avg3.65%

5Y Avg2.92%

3Y Avg2.73%

Latest2.77%

Peer Comparison

Hybrid Utility-Renewable Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNAlgonquin Power & Utilities Corp.	4.95B	6.44	-3.56	-3.51%	-57.66%	-26.75%		1.08

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	740.69M	815.43M	1.57B	1.65B	1.63B	1.68B	2.27B	2.77B	2.4B	2.32B
Revenue Growth %	-0.09%	0.1%	0.93%	0.05%	-0.01%	0.03%	0.36%	0.22%	-0.13%	-0.04%
Cost of Revenue	271.58M	219.71M	405.88M	484.14M	443.3M	401.01M	713.91M	866.35M	743.5M	594.33M
Gross Profit+	469.11M	595.72M	1.17B	1.16B	1.18B	1.28B	1.56B	1.9B	1.66B	1.73B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.04%	0.27%	0.96%	-0%	0.02%	0.08%	0.22%	0.22%	-0.13%	0.04%
Operating Expenses+	338M	421.28M	786.94M	789.86M	816.24M	891.96M	1.15B	1.5B	1.19B	1.28B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	242.27M	314.12M	640.24M	624.83M	651.15M	698.15M	816.07M	857.57M	934.28M	922.77M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.11%	0.3%	1.04%	-0.02%	0.04%	0.07%	0.17%	0.05%	0.09%	-0.01%
Depreciation & Amortization+	109.27M	139.37M	260.54M	247.47M	284.3M	314.12M	402.96M	455.52M	467M	476.68M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	133.01M	174.76M	379.69M	377.36M	366.85M	384.03M	413.1M	402.05M	467.29M	446.09M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.11%	0.31%	1.17%	-0.01%	-0.03%	0.05%	0.08%	-0.03%	0.16%	-0.05%
Interest Expense+	47.56M	97.9M	155.82M	152.12M	181.49M	181.93M	227.67M	293.75M	328.1M	346.12M
Interest Coverage	2.80x	1.78x	2.44x	2.48x	2.02x	2.11x	1.81x	1.37x	1.42x	1.29x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	1000K	1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	93.86M	96.35M	179.75M	132.46M	555.07M	792.41M	142.23M	-369.67M	-62.12M	177.18M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	31.5M	27.63M	75.7M	53.37M	70.12M	64.58M	-43.42M	-61.51M	-37.05M	186.8M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	84.66M	97.41M	153.55M	184.99M	530.88M	782.46M	264.86M	-211.99M	28.67M	-1.38B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.3%	0.15%	0.58%	0.2%	1.87%	0.47%	-0.66%	-1.8%	1.14%	-49.15%
EPS (Diluted)+	0.30	0.33	0.37	0.40	1.06	1.37	0.41	-0.49	0.03	-1.81
EPS Growth %	0.11%	0.1%	0.12%	0.08%	1.65%	0.29%	-0.7%	-2.2%	1.06%	-61.33%
EPS (Basic)	0.30	0.33	0.38	0.40	1.06	1.38	0.41	-0.49	0.03	-1.81
Diluted Shares Outstanding	256.52M	274.08M	385.99M	466.05M	499.91M	564.37M	628.95M	628.95M	690.76M	731.72M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.6B	6.14B	8.38B	9.39B	10.92B	13.22B	16.8B	17.63B	18.37B	16.96B
Asset Growth %	0.01%	0.71%	0.36%	0.12%	0.16%	0.21%	0.27%	0.05%	0.04%	-0.08%
PP&E (Net)+	2.79B	3.64B	6.29B	6.39B	7.24B	8.24B	11.04B	11.94B	9.13B	9.45B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	305.35M	365.93M	497.18M	491.61M	513.19M	695.2M	938.74M	1.09B	1.07B	1.14B
Cash & Equivalents	89.61M	82.15M	43.38M	46.82M	62.48M	101.61M	125.16M	57.62M	25.05M	34.84M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	20.54M	16.09M	89.28M	95.6M	91.1M	134.65M	177.76M	224.92M	222.41M	223.6M
Other Current Assets	47.07M	95.25M	89.78M	76.17M	71.46M	84.46M	177.85M	225.23M	351.66M	385.31M
Long-Term Investments	125.97M	78.44M	67.17M	948.9M	1.38B	2.03B	2.31B	1.75B	1.19B	67.76M
Goodwill	79.62M	228.14M	951.28M	954.28M	1.03B	1.21B	1.2B	1.32B	1.32B	1.31B
Intangible Assets	56.18M	48.35M	50.98M	54.99M	47.62M	114.91M	105.12M	96.68M	72.46M	69.14M
Other Assets	225.51M	1.76B	458.97M	473.21M	676.81M	911.04M	1.17B	1.33B	5.44B	4.92B
Total Liabilities	1.93B	4.27B	5.02B	5.35B	6.18B	7.23B	9.1B	10.47B	11.43B	10.78B
Total Debt+	1.07B	3.18B	3.07B	3.34B	3.93B	4.54B	6.21B	7.51B	7.5B	6.7B
Net Debt	981.81M	3.1B	3.03B	3.29B	3.87B	4.44B	6.09B	7.45B	7.48B	6.66B
Long-Term Debt	1.06B	3.17B	3.06B	3.32B	3.71B	4.4B	5.85B	7.09B	6.88B	6.21B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	3.44M	0	0	0	0	0	0
Total Current Liabilities+	282.39M	406.63M	562.71M	498.98M	872.07M	955.4M	1.36B	1.53B	1.69B	1.5B
Accounts Payable	36.34M	67.4M	119.89M	89.74M	150.34M	192.16M	185.29M	186.08M	180.41M	164.15M
Accrued Expenses	139.31M	229.39M	280.14M	235.59M	307.95M	369.53M	428.73M	555.79M	480.69M	503.25M
Deferred Revenue	195.82M	290.49M	375.59M	298.2M	0	0	0	0	0	0
Other Current Liabilities	97.92M	103.12M	101.22M	97.99M	114.82M	161.11M	279.75M	243.66M	327.23M	288.56M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	160.8M	172.94M	624.19M	260.15M	1.11B	1.31B	1.35B	1.28B	2.3B	2.5B
Total Equity+	1.67B	1.87B	3.35B	4.04B	4.74B	5.99B	7.7B	7.16B	6.94B	6.18B
Equity Growth %	0.05%	0.12%	0.79%	0.2%	0.17%	0.26%	0.29%	-0.07%	-0.03%	-0.11%
Shareholders Equity	1.39B	1.43B	2.71B	3.18B	3.88B	5.2B	5.86B	5.22B	5.04B	4.71B
Minority Interest	275.67M	440.29M	642.65M	860.88M	863.32M	785.79M	1.84B	1.94B	1.9B	1.47B
Common Stock	1.3B	1.47B	2.95B	3.56B	4.02B	4.94B	6.03B	6.18B	6.23B	7.39B
Additional Paid-in Capital	27.53M	28.76M	34.48M	45.55M	50.58M	60.73M	2.01M	9.41M	7.25M	-19.22M
Retained Earnings	-376.97M	-413.68M	-491.32M	-595.26M	-367.11M	45.75M	-288.42M	-997.95M	-1.28B	-2.93B
Accumulated OCI	206.63M	189.66M	45.18M	-19.39M	-9.76M	-22.51M	-71.68M	-160.06M	-102.29M	81.4M
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.05%	0.06%	0.02%	-0.01%	0%	-0.08%
Return on Equity (ROE)	0.05%	0.06%	0.06%	0.05%	0.12%	0.15%	0.04%	-0.03%	0%	-0.21%
Debt / Equity	0.64x	1.70x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.08x	1.08x
Debt / Assets	0.3%	0.52%	0.37%	0.36%	0.36%	0.34%	0.37%	0.43%	0.41%	0.39%
Net Debt / EBITDA	4.05x	9.86x	4.73x	5.27x	5.94x	6.36x	7.46x	8.69x	8.00x	7.22x
Book Value per Share	6.51	6.83	8.69	8.67	9.48	10.61	12.25	11.38	10.05	8.45

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	188.71M	213.72M	364.05M	530.35M	611.26M	505.22M	157.47M	619.1M	628.03M	481.72M
Operating CF Growth %	0.14%	0.13%	0.7%	0.46%	0.15%	-0.17%	-0.69%	2.93%	0.01%	-0.23%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	62.36M	68.73M	104.05M	79.09M	484.95M	727.83M	185.66M	-308.15M	-33.3M	-1.52B
Depreciation & Amortization	109.27M	145.64M	261.85M	281.16M	284.3M	314.12M	402.96M	455.52M	467M	476.68M
Deferred Taxes	26.23M	21.33M	67.82M	42.02M	53.69M	59.7M	-50.66M	-66.61M	-76.56M	105.58M
Other Non-Cash Items	-5.44M	-29.14M	-19.25M	128.71M	-283.02M	-543.59M	133.13M	751.78M	348.43M	1.53B
Working Capital Changes	-7.64M	2.76M	-58.87M	-8.13M	60.3M	-77.48M	-522.02M	-221.62M	-87.92M	-132.74M
Capital Expenditures+	-223.4M	-2.15B	-588.49M	-1.46B	-1.32B	-1.23B	-1.35B	-1.79B	-1.03B	-872.42M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-223.4M	-2.15B	-601.79M	-1.46B	-1.32B	-1.23B	-1.8B	-1.79B	-1.1B	132.74M
Acquisitions	-2.68M	-321.92M	-1.54B	319.83M	-308.42M	-402.78M	-220K	-632.8M	0	29.55M
Purchase of Investments	-99.85M	-258.84M	-65.57M	-1.01B	-669.83M	-279.19M	-622.32M	-221.28M	-248.21M	-115.14M
Sale of Investments	998.78K	485.83K	0	1000K	1000K	1000K	220K	1000K	1000K	1000K
Other Investing	25.27M	-1.27B	1.59B	14.95M	234.43M	222.87M	169.26M	151.77M	167.01M	1.07B
Cash from Financing+	112.63M	1.93B	196.53M	931.94M	733.37M	766.86M	1.67B	1.11B	442.81M	-556.41M
Dividends Paid	-64.51M	-95.64M	-143.62M	-174.41M	-209.64M	-276.01M	-313.34M	-387.32M	-330.82M	-295.55M
Dividend Payout Ratio %	0.67%	0.9%	0.88%	0.9%	0.38%	0.34%	1.16%	-	11.25%	-
Debt Issuance (Net)	1000K	1000K	-1000K	1000K	1000K	1000K	-1000K	1000K	1000K	-1000K
Stock Issued	104.27M	1.14M	442.65M	473.91M	370.79M	820.77M	985.62M	43.55M	5.32M	1.15B
Share Repurchases	0	-3.88M	-3.31M	-2.09M	-5.28M	-5.27M	-3.37M	-4.67M	-2.43M	-3.48M
Other Financing	34.86M	27.41M	317.2M	316.5M	9.13M	-102.96M	1.07B	89.29M	-27.96M	-6.95M
Net Change in Cash+	82.93M	-10.71M	-44.43M	6.35M	21.5M	42.75M	31.37M	-60.2M	-25.05M	54.95M
Exchange Rate Effect	1000K	-1000K	-1000K	-606K	1000K	573K	-1000K	-1000K	-267K	-1000K
Cash at Beginning	6.68M	92.86M	87.81M	59.42M	65.77M	87.27M	130.02M	161.39M	101.19M	76.14M
Cash at End	89.61M	82.15M	43.38M	65.77M	87.27M	130.02M	161.39M	101.19M	76.14M	131.09M
Free Cash Flow+	-34.7M	-1.94B	-224.43M	-924.98M	-712.9M	-724.69M	-1.19B	-1.17B	-398.14M	-390.7M
FCF Growth %	0.83%	-54.91%	0.88%	-3.12%	0.23%	-0.02%	-0.64%	0.02%	0.66%	0.02%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	5.19%	5.5%	5.88%	5%	12.1%	14.59%	3.87%	-2.85%	0.41%	-21.04%
EBITDA Margin	32.71%	38.52%	40.71%	37.93%	40.04%	41.63%	35.88%	31.01%	38.86%	39.78%
Net Debt / EBITDA	4.05x	9.86x	4.73x	5.27x	5.94x	6.36x	7.46x	8.69x	8.00x	7.22x
Interest Coverage	2.80x	1.78x	2.44x	2.48x	2.02x	2.11x	1.81x	1.37x	1.42x	1.29x
CapEx / Revenue	30.16%	264.12%	37.42%	88.34%	81.42%	73.34%	59.15%	64.68%	42.69%	37.61%
Dividend Payout Ratio	67.35%	90.24%	88.46%	89.94%	37.85%	34.14%	115.95%	-	1124.6%	-
Debt / Equity	0.64x	1.70x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.08x	1.08x
EPS Growth	11.11%	10%	12.12%	8.11%	165%	29.25%	-70.07%	-219.51%	106.12%	-6133.33%

Revenue by Segment

	2012	2013	2014	2015	2016	2017	2018	2019	2022
Regulated Electricity	-	-	-	-	-	-	831.2M	784.4M	1.28B
Regulated Electricity Growth	-	-	-	-	-	-	-	-5.63%	62.85%
Regulated Gas	-	-	-	-	-	-	430.38M	439.15M	686.74M
Regulated Gas Growth	-	-	-	-	-	-	-	2.04%	56.38%
Regulated Water	-	-	-	-	-	-	128.44M	130.49M	364.38M
Regulated Water Growth	-	-	-	-	-	-	-	1.60%	179.25%
Non-Regulated Energy	-	-	-	-	-	-	235.36M	-	350.94M
Non-Regulated Energy Growth	-	-	-	-	-	-	-	-	-
Other Revenue	-	-	-	-	-	-	22.02M	24.28M	85.68M
Other Revenue Growth	-	-	-	-	-	-	-	10.29%	252.84%
Liberty Utilities Group	-	-	-	-	-	1.68B	-	-	-
Liberty Utilities Group Growth	-	-	-	-	-	-	-	-	-
Liberty Power Group	-	-	-	-	-	300.17M	-	-	-
Liberty Power Group Growth	-	-	-	-	-	-	-	-	-
Corporate and Other	-	-	-	-	-	-	-	-	-
Corporate and Other Growth	-	-	-	-	-	-	-	-	-
Distribution	-	-	724.79M	783.1M	830.07M	-	-	-	-
Distribution Growth	-	-	-	8.04%	6.00%	-	-	-	-
Generation	-	-	218.76M	244.75M	265.95M	-	-	-	-
Generation Growth	-	-	-	11.88%	8.66%	-	-	-	-
Corporate	-	400K	-	-	-	-	-	-	-
Corporate Growth	-	-	-	-	-	-	-	-	-
Algonquin Power Co	14.29M	189.69M	-	-	-	-	-	-	-
Algonquin Power Co Growth	-	1227.62%	-	-	-	-	-	-	-

Revenue by Geography

	2012	2013	2014	2015	2016	2017	2018	2019	2022
UNITED STATES	-	-	851.29M	940.88M	995.62M	1.88B	1.58B	1.54B	2.23B
UNITED STATES Growth	-	-	-	10.52%	5.82%	89.08%	-16.23%	-2.49%	45.21%
International, Excluding Canada	-	-	-	-	-	-	-	-	357.19M
International, Excluding Canada Growth	-	-	-	-	-	-	-	-	-
CANADA	-	-	92.27M	86.98M	100.4M	95.33M	70.36M	87.23M	175M
CANADA Growth	-	-	-	-5.73%	15.44%	-5.06%	-26.19%	23.97%	100.63%
East	86.73M	271.16M	-	-	-	-	-	-	-
East Growth	-	212.63%	-	-	-	-	-	-	-
Western	109.18M	116.94M	-	-	-	-	-	-	-
Western Growth	-	7.11%	-	-	-	-	-	-	-
Central	34.93M	97.1M	-	-	-	-	-	-	-
Central Growth	-	177.99%	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Algonquin Power & Utilities Corp. (AQN) reported $2.38B in revenue for fiscal year 2024. This represents a 778% increase from $270.9M in 2011.

Algonquin Power & Utilities Corp. (AQN) saw revenue decline by 3.5% over the past year.

Algonquin Power & Utilities Corp. (AQN) reported a net loss of $1.37B for fiscal year 2024.

Dividend & Returns

Yes, Algonquin Power & Utilities Corp. (AQN) pays a dividend with a yield of 6.05%. This makes it attractive for income-focused investors.

Algonquin Power & Utilities Corp. (AQN) has a return on equity (ROE) of -21.0%. Negative ROE indicates the company is unprofitable.

Algonquin Power & Utilities Corp. (AQN) generated $2.59B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Industry Metrics

Algonquin Power & Utilities Corp. (AQN) has a dividend payout ratio of 0%. This suggests the dividend is well-covered and sustainable.