Algonquin Power & Utilities Cor (AQNB) 10-Year Financial Performance & Capital Metrics

AQNB • • Utilities

UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities

AboutAlgonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.Show more

Revenue $2.32B -14.0%
EBITDA $842M +2.5%
Net Income -$1.38B -6894.6%
Free Cash Flow -$391M +1.9%
EBITDA Margin 36.29% +19.2%
Net Margin -59.52% -8003.2%
ROE -21.04% -7397.3%
Interest Coverage 1.23 -1.5%
Debt/Equity 1.09 -11.6%
Net Debt/EBITDA 7.95 -23.1%
CapEx / Revenue 37.61% -1.1%
CapEx Coverage 0.55 -9.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Trading near 52-week high

✗Weaknesses

✗High leverage: 8.0x Debt/EBITDA
✗Weak interest coverage of 1.2x

Price & Volume

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Growth Metrics

Revenue CAGR

10Y11.05%

5Y7.16%

3Y1.82%

TTM-3.68%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-1168.44%

EPS CAGR

10Y-1.81%

5Y-32.37%

3Y-27.89%

TTM-52.12%

ROCE

10Y Avg3.63%

5Y Avg2.92%

3Y Avg2.73%

Latest2.77%

Peer Comparison

Dual Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNBAlgonquin Power & Utilities Cor		25.58	170.53	-14.03%	-57.66%	-26.75%		1.09
ESEversource Energy	25.66B	68.40	30.13	-0.08%	10.22%	8.3%		1.92
PPLPPL Corporation	25.88B	34.98	29.15	1.8%	12.16%	7.58%		1.19
LNTAlliant Energy Corporation	17.01B	66.17	24.60	-1.14%	19.13%	11.19%		1.49
DDominion Energy, Inc.	50.4B	59.02	24.19	0.46%	14.77%	7.36%		1.38
PEGPublic Service Enterprise Group Incorporated	39.3B	78.73	22.24	-8.43%	17.77%	12.24%		1.42
WECWEC Energy Group, Inc.	34.47B	105.96	21.94	-3.3%	17.76%	12.1%	1.25%	1.59
XELXcel Energy Inc.	44.33B	74.94	21.78	-5.38%	11.01%	9.04%		1.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	743.65M	822.92M	1.58B	1.55B	1.64B	1.74B	2.2B	2.59B	2.7B	2.32B
Revenue Growth %	-0.09%	0.11%	0.92%	-0.02%	0.06%	0.06%	0.27%	0.18%	0.04%	-0.14%
Cost of Revenue	579.68M	607.89M	1.15B	1.16B	1.23B	1.3B	1.8B	2.09B	2.15B	1.47B
Gross Profit+	163.97M	215.02M	438.23M	394.91M	413.92M	438.45M	394.61M	507.01M	836.51M	845.26M
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	-0.34%	0.31%	1.04%	-0.1%	0.05%	0.06%	-0.1%	0.28%	0.65%	0.01%
Operating Expenses+	29.28M	34.56M	51.45M	50.02M	58.12M	66.46M	66.14M	77.05M	369.22M	399.17M
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	242.53M	319.83M	647.32M	592.36M	646.71M	698.15M	816.07M	857.57M	821.37M	841.78M
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.11%	0.32%	1.02%	-0.08%	0.09%	0.08%	0.17%	0.05%	-0.04%	0.02%
Depreciation & Amortization+	107.84M	139.37M	260.54M	247.47M	290.91M	314.12M	402.96M	455.52M	354.08M	395.69M
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	134.68M	180.46M	386.78M	344.89M	355.79M	384.03M	413.1M	402.05M	467.29M	446.09M
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.13%	0.34%	1.14%	-0.11%	0.03%	0.08%	0.08%	-0.03%	0.16%	-0.05%
Interest Expense+	49.56M	101.43M	167.49M	148.11M	193.16M	205.06M	214.17M	277.91M	375.09M	363.58M
Interest Coverage	2.72x	1.78x	2.31x	2.33x	1.84x	1.87x	1.93x	1.45x	1.25x	1.23x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	1000K	1000K	0	-1000K	0	-1000K
Pretax Income+	93.77M	96.57M	180.41M	128.63M	614.97M	792.41M	142.23M	-369.67M	-62.12M	177.18M
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	31.47M	27.69M	75.98M	50.65M	71.75M	64.58M	43.42M	-59.08M	37.05M	186.8M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	84.57M	97.63M	154.11M	175.55M	543.23M	823.8M	262.53M	-203.59M	20.32M	-1.38B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	1.12%	0.15%	0.58%	0.14%	2.09%	0.52%	-0.68%	-1.78%	1.1%	-68.95%
EPS (Diluted)+	0.33	0.36	0.40	0.38	1.06	1.44	0.40	-0.30	0.03	0.15
EPS Growth %	0.83%	0.09%	0.11%	-0.05%	1.79%	0.36%	-0.72%	-1.75%	1.1%	4%
EPS (Basic)	0.33	0.36	0.40	0.38	1.07	1.46	0.41	-0.30	0.03	0.16
Diluted Shares Outstanding	256.52M	274.08M	385.99M	466.05M	504.74M	564.37M	628.95M	677.86M	690.76M	734.05M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	3.59B	6.15B	8.41B	9.4B	10.92B	13.22B	16.77B	17.62B	18.37B	16.96B
Asset Growth %	0.01%	0.71%	0.37%	0.12%	0.16%	0.21%	0.27%	0.05%	0.04%	-0.08%
PP&E (Net)+	2.79B	3.65B	6.31B	6.39B	7.24B	8.24B	11.03B	11.94B	12.45B	9.45B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	305.04M	366.77M	498.99M	491.61M	513.19M	695.2M	937.47M	1.09B	1.07B	1.14B
Cash & Equivalents	89.52M	82.34M	43.54M	46.82M	62.48M	101.61M	124.99M	57.6M	25.05M	34.84M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	20.52M	27.73M	89.6M	95.6M	91.1M	134.65M	177.52M	224.82M	227.13M	223.6M
Other Current Assets	49.79M	55.93M	104.81M	103.46M	100.46M	134.1M	232.08M	283.75M	261.56M	385.31M
Long-Term Investments	192.3M	1.65B	137.56M	1B	1.49B	2.09B	2.36B	1.88B	1.82B	67.76M
Goodwill	79.54M	228.66M	954.73M	954.28M	1.03B	1.21B	1.2B	1.32B	1.32B	1.31B
Intangible Assets	53.68M	48.4M	51.1M	54.99M	47.62M	114.91M	105.12M	96.68M	93.94M	69.14M
Other Assets	161.18M	194.14M	391.01M	429.64M	568.38M	849.13M	1.11B	1.21B	1.53B	4.93B
Total Liabilities	1.93B	4.28B	5.04B	5.36B	6.18B	7.23B	9.08B	10.47B	11.43B	10.78B
Total Debt+	1.08B	3.2B	3.1B	3.34B	3.94B	4.55B	6.23B	7.53B	8.55B	6.73B
Net Debt	993.44M	3.12B	3.05B	3.29B	3.88B	4.45B	6.1B	7.47B	8.49B	6.69B
Long-Term Debt	1.08B	3.19B	3.09B	3.32B	3.71B	4.4B	5.85B	7.09B	7.91B	6.22B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	3.44M	9.7M	14.29M	22.48M	21.82M	20.49M	10.69M
Total Current Liabilities+	282.11M	407.55M	564.75M	498.98M	872.07M	955.4M	1.36B	1.53B	1.69B	1.5B
Accounts Payable	36.3M	67.55M	120.06M	89.74M	150.34M	192.16M	185.04M	186M	210.41M	164.15M
Accrued Expenses	0	0	0	0	0	0	0	0	0	503.25M
Deferred Revenue	14.94M	29.06M	50.51M	62.61M	73.94M	92.72M	114.39M	125.6M	0	0
Other Current Liabilities	224.42M	303.43M	381.81M	333.58M	422.77M	530.64M	707.52M	799.09M	838.7M	336.72M
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0
Other Liabilities	439.88M	462.25M	991.78M	1.09B	1.1B	1.3B	1.32B	1.26B	1.25B	3.05B
Total Equity+	1.67B	1.88B	3.37B	4.04B	4.74B	5.99B	7.69B	7.15B	6.94B	6.18B
Equity Growth %	0.05%	0.12%	0.79%	0.2%	0.17%	0.26%	0.28%	-0.07%	-0.03%	-0.11%
Shareholders Equity	1.39B	1.43B	2.72B	3.18B	3.88B	5.2B	5.85B	5.22B	5.04B	4.71B
Minority Interest	275.39M	441.29M	644.99M	860.88M	863.32M	785.79M	1.84B	1.94B	1.9B	1.47B
Common Stock	1.3B	1.47B	2.96B	3.56B	4.02B	4.94B	6.02B	6.18B	6.23B	7.39B
Additional Paid-in Capital	0	0	0	0	0	0	0	0	0	0
Retained Earnings	-376.59M	-414.62M	-493.11M	-595.26M	-367.11M	45.75M	-288.03M	-997.49M	-1.28B	-2.93B
Accumulated OCI	285.97M	190.1M	45.35M	-19.39M	-9.76M	-22.51M	-71.58M	-159.99M	-102.29M	62.18M
Return on Assets (ROA)	0.02%	0.02%	0.02%	0.02%	0.05%	0.07%	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	0.65x	1.71x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.23x	1.09x
Debt / Assets	0.3%	0.52%	0.37%	0.36%	0.36%	0.34%	0.37%	0.43%	0.47%	0.4%
Net Debt / EBITDA	4.10x	9.74x	4.72x	5.56x	6.00x	6.38x	7.48x	8.71x	10.34x	7.95x
Book Value per Share	6.5	6.84	8.72	8.67	9.39	10.61	12.23	10.55	10.05	8.42

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+	189.52M	214.69M	365.37M	503.31M	625.47M	505.22M	157.47M	619.1M	628.03M	481.72M
Operating CF Growth %	0.14%	0.13%	0.7%	0.38%	0.24%	-0.19%	-0.69%	2.93%	0.01%	-0.23%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	85.32M	97.63M	154.11M	175.55M	172.1M	504.19M	264.86M	-74.5M	29.2M	-1.38B
Depreciation & Amortization	107.84M	139.37M	260.54M	247.47M	290.91M	314.12M	402.96M	455.52M	467M	395.69M
Deferred Taxes	26.21M	21.38M	68.07M	39.88M	54.93M	0	-50.22M	-66.61M	0	0
Other Non-Cash Items	203.94M	203.32M	495.21M	568.21M	34.78M	-256.16M	48.89M	506.6M	227.43M	1.54B
Working Capital Changes	-8.03M	2.76M	-59.08M	-7.71M	61.7M	-81.57M	-517.43M	-212.84M	-106.89M	-91.37M
Capital Expenditures+	-224.18M	-2.16B	-597.9M	-1.06B	-1.25B	-850.1M	-1.38B	-1.79B	-1.03B	-872.42M
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-224.18M	-2.16B	-603.97M	-1.06B	-1.25B	-1.23B	-1.8B	-1.79B	-1.1B	132.74M
Acquisitions	1.3M	-322.66M	-1.55B	319.83M	-209.46M	-416.16M	1.12B	-341.59M	110.02M	0
Purchase of Investments	-99.75M	-1.76B	-65.8M	-953.82M	-685.4M	-293.94M	-616.84M	-212.51M	-248.21M	0
Sale of Investments	0	0	1000K	1000K	1000K	0	218.06K	1000K	1000K	0
Other Investing	21.28M	222.71M	12.97M	17.03M	256.96M	330.3M	-925.78M	-165.76M	56.78M	1.01B
Cash from Financing+	112.52M	1.94B	197.24M	567.34M	644.28M	766.86M	1.67B	1.11B	442.81M	-556.41M
Dividends Paid	-64.45M	-95.85M	-144.14M	-165.52M	-209.64M	-276.01M	-313.34M	-371.97M	-336.89M	-295.55M
Dividend Payout Ratio %	0.76%	0.98%	0.94%	0.94%	0.39%	0.34%	1.19%	-	16.58%	-
Debt Issuance (Net)	0	0	0	0	0	1000K	-1000K	1000K	1000K	-1000K
Stock Issued	104.16M	14.9M	454.44M	454.02M	370.79M	0	976.95M	41.82M	5.32M	0
Share Repurchases	0	-3.89M	-3.31M	-2.09M	-5.28M	-5.27M	-3.37M	-4.67M	-2.43M	-3.48M
Other Financing	176.96M	2.03B	357.18M	732.86M	853.92M	736.93M	2.05B	190.46M	45.98M	1.05B
Net Change in Cash+	81.51M	-7.62M	-38.8M	3.28M	15.67M	42.75M	31.37M	-60.2M	-25.05M	54.95M
Exchange Rate Effect	1000K	-1000K	598K	-606K	1000K	573K	-1000K	-1000K	-267K	-1000K
Cash at Beginning	8.01M	89.96M	82.34M	43.54M	46.82M	62.48M	101.61M	124.99M	101.19M	76.14M
Cash at End	89.52M	82.34M	43.54M	46.82M	62.48M	101.61M	124.99M	57.6M	76.14M	131.09M
Free Cash Flow+	-34.66M	-1.94B	-232.53M	-560.74M	-623.34M	-318.2M	-1.22B	-1.17B	-398.14M	-390.7M
FCF Growth %	0.83%	-55.1%	0.88%	-1.41%	-0.11%	0.49%	-2.83%	0.04%	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)	5.18%	5.51%	5.88%	4.74%	12.38%	15.36%	3.84%	-2.74%	0.29%	-21.04%
EBITDA Margin	32.61%	38.87%	40.87%	38.21%	39.4%	40.23%	37.13%	33.06%	30.44%	36.29%
Net Debt / EBITDA	4.10x	9.74x	4.72x	5.56x	6.00x	6.38x	7.48x	8.71x	10.34x	7.95x
Interest Coverage	2.72x	1.78x	2.31x	2.33x	1.84x	1.87x	1.93x	1.45x	1.25x	1.23x
CapEx / Revenue	30.15%	262.37%	37.75%	68.64%	76.08%	48.98%	62.62%	68.94%	38.03%	37.61%
Dividend Payout Ratio	76.2%	98.18%	93.53%	94.28%	38.59%	33.5%	119.35%	-	1658.09%	-
Debt / Equity	0.65x	1.71x	0.92x	0.83x	0.83x	0.76x	0.81x	1.05x	1.23x	1.09x
EPS Growth	83.33%	9.09%	11.11%	-5%	178.95%	35.85%	-72.22%	-175%	110%	400%

Frequently Asked Questions

Valuation & Price

Algonquin Power & Utilities Cor (AQNB) has a price-to-earnings (P/E) ratio of 170.5x. This suggests investors expect higher future growth.

Growth & Financials

Algonquin Power & Utilities Cor (AQNB) reported $2.38B in revenue for fiscal year 2024. This represents a 274% increase from $635.7M in 2013.

Algonquin Power & Utilities Cor (AQNB) saw revenue decline by 14.0% over the past year.

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

Dividend & Returns

Yes, Algonquin Power & Utilities Cor (AQNB) pays a dividend with a yield of 1.57%. This makes it attractive for income-focused investors.

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

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

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