Algonquin Power & Utilities
Operates Liberty utility systems while retaining a hydroelectric generation business.
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Profile
Operates regulated electricity, gas, water, wastewater, and transmission systems through Liberty, alongside a retained hydroelectric business. After selling its non-regulated renewable-energy business, the company centers its model on regulated utilities.
Operates the Liberty platform of regulated electricity, natural-gas, water, wastewater, and transmission systems, alongside a Hydro Group. Utility systems serve customers across the United States, Canada, Bermuda, and Chile; regulated operations are the core of the current configuration. It operates multiple commodity networks under the Liberty name.
Following the sale of its non-regulated renewable-energy business, the company describes its model as a pure-play regulated utility while retaining hydro assets. Growth combines investment in existing utility systems with strategic acquisitions. Operations depend on the regulatory frameworks governing multiple electricity, gas, water, wastewater, and transmission jurisdictions.
Company facts
Categories
Key statistics
Year to date −7.3% · Average volume (30d) 3.6M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Apr 20, 2026 | CIBC | Reiterate | Neutral | $6.25 | $6.50 | |
| Mar 10, 2026 | CIBC | Reiterate | Neutral | $5.50 | $6.25 | |
| Mar 9, 2026 | TD Securities | Target | $10 | $6 | ||
| Mar 9, 2026 | Raymond James | Upgrade | Market Perform | Outperform | $7.25 | |
| Jan 7, 2026 | National Bank | Target | $6.75 | $7.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 7, 2026Q2 FY26 | $0.05 | $0.04 | −20.0% | $583.0M | $543.9M | −6.7% | −0.17% |
| May 8, 2026Q1 FY26 | $0.11 | $0.13 | +18.2% | $713.7M | $792.4M | +11.0% | −1.65% |
| Mar 6, 2026Q4 FY25 | $0.04 | $0.06 | +50.0% | $606.8M | $630.7M | +3.9% | +1.81% |
| Nov 7, 2025Q3 FY25 | $0.06 | $0.09 | +50.0% | $625.8M | $582.7M | −6.9% | +1.28% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $692.4M | $527.8M | $582.7M | $630.7M | $792.4M | $543.9M | |
| Gross profit | $487.4M | $403.2M | $456.4M | $446.8M | $532.0M | $411.8M | |
| Operating income | $178.9M | $64.8M | $149.7M | $114.1M | $180.8M | $83.6M | |
| Net income | $96.8M | $24.1M | $38.9M | $21.0M | $86.2M | $3.6M | |
| Diluted EPS | $0.12 | $0.03 | $0.05 | $0.02 | $0.11 | $0.00 | |
| Gross margin | 70.4% | 76.4% | 78.3% | 70.8% | 67.1% | 75.7% | |
| Operating margin | 25.8% | 12.3% | 25.7% | 18.1% | 22.8% | 15.4% |
Fiscal years (4-quarter sums)FY21 $2.29B · FY22 $2.76B · FY23 $2.64B · FY24 $2.32B · FY25 $2.43B
Balance sheet, Jun 30, 2026Cash & short-term investments $55.0M · Total debt $6.64B · Total assets $13.92B · Shareholders' equity $4.62B
Dividends
Last cut to $0.065 from $0.1085 in Sep 2024. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.065 | |
| Mar 31, 2026 | Mar 31 | Apr 15 | $0.065 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.065 | |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.065 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.065 | |
| Mar 31, 2025 | Mar 31 | Apr 15 | $0.065 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.065 | |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.065 | cut from $0.1085 |
Ownership
Shares outstanding 769.67M · Float 768.77M
This issuer lists more than one class and the share count spans them all, so a stake here reads as a share of the whole company, not of this class.
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % of company | Form | Filed |
|---|---|---|---|---|
| Edgepoint Investment Group Inc. | 88.37M | 11.48% | 13F | Aug 14, 2026 |
| Starboard Value LP | 57.19M | 7.43% | 13F | Aug 14, 2026 |
| FIL Ltd | 39.33M | 5.11% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 22.52M | 2.93% | 13F | Aug 13, 2026 |
| Bank of Montreal /Can/ | 20.66M | 2.68% | 13F | Aug 12, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- American Water Works
Largest U.S. regulated water and wastewater peer
- Essential Utilities
Water, wastewater, and gas utility acquirer
- Black Hills
Electric and gas utility peer in overlapping central states
- California Water Service Group
Multi-state regulated water and wastewater operator
- American States Water
California water and electric utility operator
- H2O America
California-led water and wastewater utility network
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Algonquin Power & Utilities | $5.73 | +0.97% | $4.36B | 31.2 | 14.6 | 1.7 | +3.1% |
| American Water Works | $134.88 | −2.46% | $27.48B | 23.9 | 22.6 | 5.2 | +6.2% |
| Essential Utilities | $41.25 | +0.39% | $11.66B | 21.0 | 17.8 | 4.5 | +3.1% |
| Black Hills | $72.80 | −0.03% | $5.54B | 18.4 | 15.6 | 2.4 | +3.1% |
| California Water Service Group | $50.48 | 0.00% | $3.12B | 22.8 | 19.4 | 3.0 | +16.5% |
| American States Water | $89.88 | +0.01% | $3.52B | 24.6 | 24.2 | 5.1 | +11.2% |
| H2O America | $63.02 | −0.83% | $2.66B | 22.4 | 23.2 | 3.2 | +6.2% |
| Median | 22.6 | 21.0 | 3.9 | +6.2% |