NYSE$AQN
Algonquin Power & Utilities Corp · Q1 2026 earnings
Q1 2026 earnings · · Before market open · Investor relations
Briefing
Algonquin Q1 2026: $792M revenue (+14%), $0.11 EPS as rate-case wins boost regulated utilities
Algonquin Power & Utilities reported Q1 2026 revenue of $792.4 million, up 14% from $692.4 million, with net earnings attributable to common shareholders of $83.6 million ($0.11 per share) versus $94.2 million ($0.12) a year ago. Adjusted net earnings were $99.6 million ($0.13 per share) compared with $109.0 million ($0.14). The Regulated Services Group earned $119.4 million, down 2% on unfavorable weather at Empire Electric Missouri, partially offset by CalPeco Electric retroactive rate revenues. CEO Rod West highlighted regulatory progress in Missouri, California, Massachusetts and Arizona under the company's Back to Basics pure-play utility strategy.
- Revenue of $792.4M (+14% YoY) with net earnings of $83.1M ($0.11/share)
- Adjusted net earnings of $99.6M ($0.13/share) after restructuring and FX items
- CalPeco Electric rate order added $60.7M of revenue including retroactive amounts to Jan 2025
- Closed $1.15B delayed-draw term facility post-quarter to potentially refinance June 2026 notes
Headline financials
Revenue & EPS history
Algonquin · Revenue · Quarterly
$792M
Revenue by segment
Algonquin · $768M total across 3 segments · Q1 2026
- Regulated electricity distribution$372M—48.4%
- Regulated gas distribution$302M—39.3%
- Regulated water distribution$94.1M—12.2%
Forward guidance
Management expects durable long-term earnings growth as a pure-play regulated utility, with pending Arizona Litchfield Park settlement decision expected August 2026 and Chile Suralis tariffs effective Q3 2026.
Tailwinds
- Rate case resolutions in Missouri, California and Massachusetts improve revenue visibility
- Back to Basics strategy focuses on operational and financial discipline
Headwinds
- Unfavorable weather at Empire District Electric reduced net revenues ~$11.9M YoY
- Corporate restructuring costs continue during transition to pure-play utility
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-1.1%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.0%
Avg return
30 days after
51%
30 / 59 earnings
Positive
+8.2%
Q3 2025
Best reaction
-30.8%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -10.7% | -5.6% | -4.2% | |
| Q3 2025 | +8.2% | +7.7% | +2.4% | |
| Q2 2025 | -3.9% | -1.7% | -4.2% | |
| Q1 2025 | +0.2% | -0.4% | +7.1% | |
| Q4 2023 | +5.1% | +1.0% | +1.3% | |
| Q3 2023 | -1.8% | +3.9% | +8.6% | |
| Q2 2023 | -3.6% | -7.9% | -8.4% | |
| Q1 2023 | -3.7% | -5.3% | -3.2% | |
| Q4 2022 | +2.0% | +1.7% | +12.5% | |
| Q3 2022 | -30.8% | -33.3% | -37.5% | |
| Q2 2022 | +0.0% | +0.4% | -5.0% | |
| Q1 2022 | +4.9% | +7.0% | +5.5% | |
| Q4 2021 | +0.8% | +2.3% | +6.9% | |
| Q3 2021 | -1.0% | -1.3% | -3.2% | |
| Q2 2021 | -1.7% | -1.8% | -3.5% | |
| Q1 2021 | +0.9% | -1.1% | -1.1% | |
| Q4 2020 | -2.6% | -1.3% | +2.4% | |
| Q3 2020 | -3.0% | -4.8% | -2.7% | |
| Q2 2020 | -0.4% | +0.8% | +1.7% | |
| Q1 2020 | +0.3% | -1.0% | +6.0% | |
| Q4 2019 | -7.7% | -1.0% | -22.6% | |
| Q3 2019 | -0.6% | -0.3% | +5.0% | |
| Q2 2019 | +0.7% | +0.8% | +3.3% | |
| Q1 2019 | +0.8% | +0.4% | +8.7% | |
| Q4 2018 | +0.1% | +1.8% | +2.2% | |
| Q3 2018 | -2.1% | +0.0% | +3.0% | |
| Q2 2018 | +1.6% | -0.6% | -1.9% | |
| Q4 2017 | +1.6% | -0.6% | -1.9% | |
| Q3 2017 | +1.7% | +4.2% | +4.4% | |
| Q2 2017 | +1.1% | +2.5% | +7.2% | |
| Q4 2016 | +1.7% | +3.9% | +5.5% | |
| Q1 2017 | +1.7% | +3.9% | +5.5% | |
| Q3 2016 | -2.2% | -3.9% | -2.5% | |
| Q2 2016 | -0.9% | +3.6% | +3.0% | |
| Q4 2015 | +0.0% | — | — | |
| Q1 2016 | +1.6% | — | — | |
| Q3 2015 | +2.3% | — | — | |
| Q2 2015 | -4.7% | — | — | |
| Q1 2015 | -1.3% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | -12.2% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +0.7% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | -0.8% | — | — | |
| Q1 2013 | +0.3% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q3 2012 | -0.1% | — | — | |
| Q2 2012 | -0.8% | — | — | |
| Q1 2012 | -0.8% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q2 2011 | -5.1% | — | — | |
| Q1 2011 | -5.1% | — | — | |
| Q2 2010 | +1.8% | — | — | |
| Q3 2010 | +1.8% | — | — | |
| Q1 2010 | +0.7% | — | — |
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