AQN on NYSE

Algonquin Power

Renewable energy and utility conglomerate

Algonquin Power & Utilities Corp. is a Canadian investor-owned regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis (formerly ESSAL) in Chile. The company is listed under the ticker symbol "AQN" on the Toronto Stock Exchange and the American New York Stock Exchange.3 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

$2.4BRevenue, fiscal 20255
$180.8MNet income, fiscal 20255
1997Founded1

Compare with Talen Energy, Black Hills Corporation or TXNM Energy, or pick any stock.

  • TickerAQN on NYSE1
  • Industryelectricity generation1
  • HeadquartersOakville1
  • Websitewww.algonquinpower.com
  • Legal formBusiness corporations (which includes professional corporations)1
  • Incorporated inOntario, Canada6
  • Business address354 Davis Road, Oakville, A6 L6J2X16
  • LEI549300K5VIUTJXQL7X754
  • StatusActive4
  • LEI statusLapsed (not renewed)4
  • Registered address354 DAVIS ROAD, L6J 2X1 Oakville, Canada4
  • Registered withCorporations Canada, 236237-64

Algonquin Power & Utilities Corp. is a Canadian investor-owned regulated utility company with assets across North America, Bermuda, and Chile. Algonquin provides water, wastewater, natural gas, and electricity services through its operating subsidiaries: Liberty Utilities, its regulated utility business; Bermuda Electric Light Company, and Suralis (formerly ESSAL) in Chile.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

20.7%Operating margin5
7.4%Net margin5
4.9%Revenue growth, 20255
3.9%Return on equity5
1.33×Debt to equity5

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Regulated Electricity brought in 53% of the revenue Algonquin Power broke down this way in fiscal 2025.

  1. Regulated Electricity$1.3B553%up 1% from 2024
  2. Regulated Gas$614.4M525%up 12% from 2024
  3. Regulated Water$426.6M518%up 5% from 2024
  4. Other Revenue$63.4M53%up 14% from 2024
  5. Non-Regulated Energy$36.5M51%up 3% from 2024
Products and services by year
Products and services20242025
Regulated Electricity$1.3B$1.3B
Regulated Gas$546.4M$614.4M
Regulated Water$406.1M$426.6M
Other Revenue$55.6M$63.4M
Non-Regulated Energy$35.3M$36.5M

Regions

United States brought in 80% of the revenue Algonquin Power broke down this way in fiscal 2025.

  1. United States$2.0B580%up 6% from 2024
  2. International, Excluding Canada$376.4M515%up 0% from 2024
  3. CA [member]$101.5M54%up 11% from 2024
Regions by year
Regions20242025
United States$1.9B$2.0B
International, Excluding Canada$375.5M$376.4M
CA [member]$91.6M$101.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs78¢$1.9B
  • Interest12¢$282.5M
  • Income tax3¢$65.0M
  • Profit7¢$180.8M

Out of $2.4B in revenue.5

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid34¢$201.3M
  • Kept or used elsewhere66¢$392.3M

Out of $593.6M of cash from operations.5

Financial statements

Revenue7891011125$2.4B in 2025+48% since 2018
0$1.0B$2.0B$3.0B2018: $1.6B$1.6B20182019: $1.6B$1.6B2019−1%2020: $1.7B$1.7B2020+3%2021: $2.3B$2.3B2021+36%2022: $2.8B$2.8B2022+22%2023: $2.4B$2.4B2023−13%2024: $2.3B$2.3B2024−4%2025: $2.4B$2.4B2025+5%
Operating income7891011125$504.7M in 2025+33% since 2018
0$200.0M$400.0M$600.0M2018: $378.4M$378.4M20182019: $366.8M$366.8M2019−3%2020: $384.0M$384.0M2020+5%2021: $413.1M$413.1M2021+8%2022: $402.0M$402.0M2022−3%2023: $467.3M$467.3M2023+16%2024: $446.1M$446.1M2024−5%2025: $504.7M$504.7M2025+13%
Net income7891011125$180.8M in 2025−2% since 2018
-$2.0B-$1.0B0$1.0B2018: $185.0M$185.0M20182019: $530.9M$530.9M2019+187%2020: $782.5M$782.5M2020+47%2021: $264.9M$264.9M2021−66%2022: -$212.0M-$212.0M20222023: $28.7M$28.7M20232024: -$1.4B-$1.4B20242025: $180.8M$180.8M2025

Every line of the income statement as filed: the last 2 fiscal years, latest first.5

Period ending2025-12-312024-12-31
Revenue$2.4B$2.3B
Other cost of sales$28.4M$23.8M
Depreciation and amortization$400.3M$395.7M
Loss on foreign exchange$18.4M$3.5M
Costs and expenses, total$1.9B$1.9B
Operating income$504.7M$446.1M
Interest expense (note 8)-$282.5M-$363.6M
Income from long-term investments (note 7)$21.6M$107.5M
Other income (note 6)$22.0M$27.5M
Other net losses (note 17)-$52.6M-$27.0M
Pension and other post-employment non-service costs (note 9(d))-$3.7M-$14.1M
Gain on derivative financial instruments (note 22(b)(iii))$1.5M$800.0K
Nonoperating income (expense)-$293.7M-$268.9M
Earnings before income taxes$211.0M$177.2M
Current-$15.9M-$18.2M
Deferred-$49.1M-$168.6M
Income tax expense-$65.0M-$186.8M
Earnings (loss) from continuing operations$146.0M-$9.6M
Loss from discontinued operations, net of tax (note 23(b))-$37.7M-$1.5B
Net earnings (loss)$108.3M-$1.5B
Net effect of non-controlling interests from continuing operations (note 15)$72.5M$74.9M
Net effect of non-controlling interests from discontinued operations (note 23)$0$60.5M
Net earnings (loss) attributable to shareholders of Algonquin Power & Utilities Corp.$180.8M-$1.4B
Series A Shares and Series D Shares dividend (note 14)$10.5M$10.5M
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. basic$170.3M-$1.4B
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. diluted$170.3M-$1.4B
Basic net earnings per share from continuing operations (note 18) (USD per share)$0$0
Diluted net earnings per share from continuing operations (note 18) (USD per share)$0$0
Basic net loss per share from discontinued operations (note 18) (USD per share)-$0-$2
Diluted net loss per share from discontinued operations (note 18) (USD per share)-$0-$2
Basic net earnings (loss) per share (note 18) (USD per share)$0.22-$1.90
Diluted net earnings (loss) per share (note 18) (USD per share)$0.22-$1.90

Compare Algonquin Power with another company

Corporate structure

Algonquin Power sits at the top of its group. 7 entities, 4 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Algonquin Power

  • EdgePoint Investment Group Inc. Filed SCHEDULE 13G/A on Algonquin Power, latest Oct 8, 2026 (4 filings since May 15, 2025)
  • FIL Ltd Filed SCHEDULE 13G on Algonquin Power, latest Aug 6, 2026 (5 filings since Feb 12, 2025)
  • Starboard Value LP Filed SCHEDULE 13D/A on Algonquin Power, latest Apr 1, 2026 (8 filings since Jun 30, 2023)
  • BlackRock Filed SCHEDULE 13G/A on Algonquin Power, latest Apr 24, 2025 (6 filings since Feb 7, 2022)
  • Bank of Montreal Filed SC 13G/A on Algonquin Power, latest Feb 9, 2024 (3 filings since Feb 15, 2022)
  • Algonquin Power Oakville, Ontario, Canada
    • Atlantica Sustainable Infrastructure plc Stake · London, United Kingdom
    • BERMUDA ELECTRIC LIGHT COMPANY LIMITED Subsidiary · Pembroke, Bermuda
    • Liberty Utilities (Canada) Corp. Subsidiary · Oakville, Ontario, Canada
      • Liberty Utilities (Tinker Transmission) LP Subsidiary · Oakville, Ontario, Canada
    • The Empire District Electric Company Subsidiary · Joplin, Missouri, United States
      • The Empire District Gas Company Subsidiary · Joplin, Missouri, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G; stakes of 5% or more it reported on Schedules 13D and 13G (1 companies). Each entity in the chart links to its source.

What it owns

What Algonquin Power reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$11.8B5 Dec 31, 2025$11.2B5 Dec 31, 2024+5.7%
Accumulated depreciation$2.1B5 Dec 31, 2025$1.7B5 Dec 31, 2024+19.4%
Property and equipment, net$9.7B5 Dec 31, 2025$9.5B5 Dec 31, 2024+3.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$32.7M5 Dec 31, 2025$34.8M5 Dec 31, 2024−6.0%
Stakes in other companies (equity method)$49.0M5 Dec 31, 2025$38.1M5 Dec 31, 2024+28.6%
Long-term investments$207.5M5 Dec 31, 2025$67.8M5 Dec 31, 2024+206.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$1.3B5 Dec 31, 2025$1.3B5 Dec 31, 2024+0.6%
Intangible assets, net (excluding goodwill)$69.7M5 Dec 31, 2025$69.1M5 Dec 31, 2024+0.9%
Finite-lived intangibles, gross$86.3M5 Dec 31, 2025$84.4M5 Dec 31, 2024+2.3%
Accumulated amortization$16.6M5 Dec 31, 2025$15.3M5 Dec 31, 2024+8.5%
Finite-lived intangibles, net$69.7M5 Dec 31, 2025$69.1M5 Dec 31, 2024+0.9%

Leadership

Who has led Algonquin Power, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (1)

Former names

  • ALGONQUIN POWER INCOME FUNDMay 8, 2002 to Oct 27, 20096

Timeline

  1. 1997Founded Founded1

Calendar

Coming up

  1. Nov 6, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.09 a share, on Nov 7, 2025.15

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

191 filings to the SEC since October 2021: 6 annual reports, 1 insider forms, 26 large holders, 158 other. The latest 20:

  1. Oct 8, 2026SCHEDULE 13G/A EDGAR
  2. Aug 28, 20266-K 6-K PRESS RELEASE COVER DATED AUGUST 28, 2026 EDGAR
  3. Aug 7, 20266-K EDGAR
  4. Aug 6, 2026SCHEDULE 13G EDGAR
  5. Jul 31, 20266-K EDGAR
  6. Jun 30, 2026S-8 EDGAR
  7. Jun 29, 20266-K EDGAR
  8. May 20, 20266-K EDGAR
  9. May 13, 20266-K EDGAR
  10. May 8, 20266-K 6-K AQN 2026 Q1 EARNINGS EDGAR
  11. Apr 29, 2026SCHEDULE 13G/A EDGAR
  12. Apr 8, 20266-K EDGAR
  13. Apr 1, 2026SCHEDULE 13D/A EDGAR
  14. Mar 30, 2026144 EDGAR
  15. Mar 6, 202640-F EDGAR
  16. Mar 6, 20266-K 6-K COVER EDGAR
  17. Feb 6, 20266-K EDGAR
  18. Jan 8, 2026SCHEDULE 13G/A EDGAR
  19. Jan 5, 20266-K EDGAR
  20. Nov 7, 20256-K 6-K COVER CFO APPOINTMENT PRESS RELEASE NOV 7 EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Stakes it holds

Algonquin Power has told the SEC it owns more than 5% of 1 company, latest first (Schedules 13D and 13G).

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
EdgePoint Investment Group Inc.88,374,416$519.2M3.9%+6,902,022
Starboard Value LP57,189,420$335.1M7.4%No change
FIL Ltd39,334,903$231.3M0.2%+1,220,000
Vanguard Capital Management LLC22,524,576$132.4M0.0%+146,590
Bank Of Montreal /can/20,655,228$121.3M0.0%+499,658
Mitsubishi UFJ Trust & Banking Corp14,817,756$87.1M0.2%+2,166,449
BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp13,576,227$79.8M0.5%+264,962
Clearbridge Investments, LLC13,497,531$79.1M0.1%+660,696
Royal Bank Of Canada12,142,876$71.2M0.0%−8,411,366
Principal Financial Group Inc11,567,342$67.9M0.0%−2,066,562
Morgan Stanley11,360,898$66.6M0.0%+4,268,297
Norges Bank11,021,783$64.7M0.0%New
Arrowstreet Capital, Limited Partnership10,933,107$64.2M0.0%+3,611,844
Goldman Sachs Group Inc9,116,818$53.4M0.0%+1,328,270
Bank Of Nova Scotia7,942,535$46.7M0.1%+11,083
Dimensional Fund Advisors LP7,868,948$46.1M0.0%+152,052
Neuberger Berman Group LLC7,709,312$45.2M0.0%−25,588
D. E. Shaw & Co., Inc.7,517,208$44.1M0.0%+4,115,050
Vanguard Fiduciary Trust Co6,834,892$40.2M0.0%+57,436
Ariel Investments, LLC6,608,611$38.7M0.4%−13,033,050
Legal & General Group Plc6,388,376$37.6M0.0%−188,050
Private Management Group Inc6,275,813$36.8M1.0%−85,516
First Trust Advisors LP5,525,283$32.4M0.0%−95,573
Vanguard Global Advisers, LLC5,197,093$30.6M0.0%+472,372
Picton Mahoney Asset Management5,190,063$30.4M0.3%+309,317

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

4 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Aug 29, 2023Thomas R Carper, SenateSale$1,001 - $15,000+102.5%Report
Jan 12, 2023Thomas R Carper, SenateSale$1,001 - $15,000+120.9%Report
Jan 18, 2022Thomas R Carper, SenateBuy$1,001 - $15,000−131.7%Report
Jan 26, 2021Thomas R Carper, SenateBuy$1,001 - $15,000−171.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How Algonquin Power is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARALGONQUIN POWER & UTILITIES CORP.2
  • CIK0001174169
  • Incorporated inCanada22
  • Fiscal year endsDecember 312
  • Industry code (SIC)4911 Electric Services2
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance2
  • Business address354 Davis Road, Oakville, A6 L6J2X12
  • Phone00000000002
  • On EDGAR sinceMay 8, 20022
  • Filings637 in all: 6-K (429), SC 13D/A (22), SUPPL (21), 425 (19), 40-F (17), SC 13G/A (16), F-X (15), FWP (10)2
    All 39 form types

    F-10/A (8), S-8 (8), F-10 (6), SCHEDULE 13G/A (6), 8-A12B (5), EFFECT (5), SC 13G (5), SCHEDULE 13G (5), CERT (4), UPLOAD (4), 424B5 (3), F-3D (3), SC 13D (3), 15-12G (2), 25-NSE (2), 6-K/A (2), CORRESP (2), SCHEDULE 13D/A (2), 144 (1), 3 (1), 305B2 (1), 40-F/A (1), 8-A12B/A (1), 8-A12G (1), ARS (1), CB (1), CERTNYS (1), CT ORDER (1), F-8 (1), REGDEX (1), S-8 POS (1)

  • Latest filingsAnnual report (40-F) Mar 6, 2026

Securities registered for trading

ClassSymbolExchange
Common shares, no par valueAQNThe New York Stock Exchange
6.20% Fixed-to-Floating Subordinated Notes - Series 2019-A due July 1, 2079AQNBThe New York Stock Exchange
Rights to Purchase One Common Share of the CompanyThe New York Stock Exchange

From the cover page of the 40-F filed Mar 6, 2026 (Section 12(b) of the Exchange Act).22