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Algonquin Power & Utilities Corp. (AQN.TO)

CAD8.20 +0.01 (+0.12%)
CA TSX Utilities Diversified Utilities
Address 354 Davis Road L6J 2X1
Oakville, ON, CA
CEO Roderick K. West
IPO 2003-10-09
ISIN CA0158571053

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Also trades on New York Stock Exchange · AQNB (USD) New York Stock Exchange · AQNU (USD) New York Stock Exchange · AQN (USD) New York Stock Exchange · AQNA (USD) Other OTC · AGQPF (USD) Toronto Stock Exchange · AQN.TO (CAD) Toronto Stock Exchange · AQN-PA.TO (CAD)
Description

Algonquin Power & Utilities Corp. operates in the power and utility industries. It owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2025, it operated a portfolio of regulated utility systems in the United States, Canada, Bermuda, and Chile, serving approximately 1,272,000 customer connections. Its regulated electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, as well as in Bermuda with approximately 311,000 electric customer connections. Its regulated water distribution and wastewater utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York, and Texas, as well as in Chile with approximately 583,000 customer connections. It’s regulated natural gas distribution utility systems are located in the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, and New York; and in the Canadian province of New Brunswick with approximately 378,000 natural gas customer connections. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. It generates and sells hydroelectric energy in Canada, and capacity and renewable attributes are produced by its portfolio of 14 hydroelectric power generation facilities located in the provinces of Alberta, Ontario, New Brunswick, and Quebec. As of December 31, 2025, it had a combined gross generating capacity of approximately 112 megawatts (MW) and a combined net generating capacity of approximately 105 MW. The company was formerly known as Traduction Militech Translation Inc. in October 2009. The company was incorporated in 1988 and is headquartered in Oakville, Canada.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
CAD8.20 +0.01 (+0.12%)
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Volume Profile
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Liquidity & share structure
Average Volume
2M
Beta
0.90
Float Shares
767.71M
Free Float %
99.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.24% -6.61% -5.86% -11.75% -5.32% -2.96% +4.87% -29.15% -55.49% -28.41% -11.46%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (12 ratings, all time) Hold
Price Targets & DCF
Current price
8.20
Ratings Trend (MoM) 45% Bullish
Rating 2026-05 Change
Strong Buy 5 0
Buy 0 0
Hold 6 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.32
Distress
Piotroski F-Score
5 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Diversified Utilities: +5.3%
    +5.6% Q1'26: +11.4% (vs Q1'25)
  • EPS growth Diversified Utilities: +4.4%
    +112.1% Q1'26: -8.3% (vs Q1'25)
  • FCF margin FCF growth · Diversified Utilities: +8.5%
    +4.3% Q1'26: -11.0% (vs Q1'25)
  • EBIT margin Diversified Utilities: +20.5%
    +20.6% Q1'26: +22.0% (vs Q1'25)
  • ROIC Diversified Utilities: +4.5%
    +3.0% Q1'26: +4.1% (vs Q1'25)
  • Share dilution Diversified Utilities: -0.2%
    +5.2% Q1'26: +0.3% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Diversified Utilities: 3.55×
    7.16× Q1'26: 6.05× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.88) × ERP
WACC = 42% × Ke + 58% × Kd (4.4%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 8.20
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2010
actual
Dec 2011
actual
Dec 2012
actual
Dec 2013
actual
Dec 2014
actual
Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
1 Rev. Ana.
7 EPS Ana.
Dec 2027
7 Rev. Ana.
7 EPS Ana.
Dec 2028
2 Rev. Ana.
1 EPS Ana.
Dec 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
182.85M
est: 193.34M (-5.4%)
270.95M
est: 270.44M (+0.2%)
349.94M
est: 358.26M (-2.3%)
635.65M
est: 603.97M (+5.2%)
813.09M
est: 676.22M (+20.2%)
740.81M
est: 758.01M (-2.3%)
816.21M
est: 795.02M (+2.7%)
1.52B
est: 1.60B (-5.1%)
1.65B
est: 1.72B (-4.0%)
1.63B
est: 1.64B (-0.9%)
1.68B
est: 1.76B (-4.7%)
2.27B
est: 2.20B (+3.2%)
2.77B
est: 2.71B (+1.9%)
2.40B
est: 1.92B (+25.1%)
2.32B
est: 2.65B (-12.4%)
2.45B
est: 2.41B (+1.6%)
2.56B
2.53B – 2.60B
+6.3% YoY
2.68B
2.53B – 2.89B
+4.5% YoY
2.74B
2.65B – 2.87B
+2.3% YoY
2.49B
2.40B – 2.60B
-9.2% YoY
EBITDA
71.19M
est: 54.99M (+29.5%)
80.86M
est: 64.79M (+24.8%)
93.63M
est: 64.92M (+44.2%)
190.60M
est: 48.29M (+294.7%)
218.77M
est: 94.98M (+130.3%)
240.41M
est: 83.99M (+186.2%)
320.37M
est: 146.90M (+118.1%)
625.27M
est: 295.76M (+111.4%)
634.16M
est: 260.67M (+143.3%)
636.97M
est: 238.53M (+167.0%)
655.26M
est: 938.99M (-30.2%)
758.75M
est: 1.05B (-27.9%)
955.99M
est: 1.08B (-11.5%)
816.62M
est: 797.48M (+2.4%)
831.16M
est: 1.14B (-26.9%)
912.60M
est: 1.00B (-8.7%)
1.06B
1.05B – 1.08B
+6.3% YoY
1.11B
1.05B – 1.20B
+4.5% YoY
1.14B
1.10B – 1.19B
+2.3% YoY
1.03B
997.25M – 1.08B
-9.2% YoY
EBIT
22.44M
est: 21.91M (+2.4%)
35.20M
est: -136.1K (+25,963.6%)
41.95M
est: 5.72M (+633.3%)
97.34M
est: 63.07M (+54.4%)
119.12M
est: 109.63M (+8.7%)
131.13M
est: 74.20M (+76.7%)
174.60M
est: 102.36M (+70.6%)
368.49M
est: 258.58M (+42.5%)
373.39M
est: 270.18M (+38.2%)
352.66M
est: 300.03M (+17.5%)
341.14M
est: 296.85M (+14.9%)
355.78M
est: 332.56M (+7.0%)
500.47M
est: 341.64M (+46.5%)
462.54M
est: 492.51M (-6.1%)
435.48M
est: 702.14M (-38.0%)
505.29M
est: 617.63M (-18.2%)
656.68M
647.71M – 665.65M
+6.3% YoY
686.24M
649.12M – 740.28M
+4.5% YoY
702.28M
678.59M – 734.57M
+2.3% YoY
637.39M
615.88M – 666.70M
-9.2% YoY
Net Income
19.64M
est: 28.32M (-30.7%)
22.90M
est: 26.00M (-11.9%)
20.20M
est: 31.40M (-35.7%)
8.93M
est: 24.06M (-62.9%)
46.21M
est: 21.86M (+111.4%)
61.63M
est: 43.72M (+41.0%)
68.79M
est: 66.86M (+2.9%)
101.71M
est: 149.72M (-32.1%)
184.99M
est: 122.57M (+50.9%)
530.88M
est: 146.93M (+261.3%)
782.46M
est: 445.47M (+75.6%)
264.86M
est: 499.06M (-46.9%)
-211.99M
est: -197.11M (-7.5%)
28.67M
est: 93.82M (-69.4%)
-1.38B
est: 285.40M (-583.7%)
184.78M
est: 248.39M (-25.6%)
273.86M
266.25M – 281.47M
+10.3% YoY
306.37M
295.02M – 317.71M
+11.9% YoY
338.76M
321.34M – 356.17M
+10.6% YoY
356.21M
340.59M – 377.51M
+5.2% YoY
SGA
14.88M
est: 11.47M (+29.7%)
17.17M
est: 19.60M (-12.4%)
19.64M
est: 23.55M (-16.6%)
22.14M
est: 32.53M (-31.9%)
29.96M
est: 25.30M (+18.4%)
28.71M
est: 20.03M (+43.3%)
34.52M
est: 23.15M (+49.1%)
58.68M
est: 53.00M (+10.7%)
57.70M
est: 40.70M (+41.8%)
74.13M
est: 41.87M (+77.1%)
103.91M
est: 47.66M (+118.0%)
99.35M
est: 53.40M (+86.1%)
91.18M
est: 54.85M (+66.2%)
19.89M
est: 47.86M (-58.5%)
14.10M
est: 68.24M (-79.3%)
82.11M
est: 60.02M (+36.8%)
63.82M
62.95M – 64.69M
+6.3% YoY
66.69M
63.08M – 71.94M
+4.5% YoY
68.25M
65.95M – 71.39M
+2.3% YoY
61.94M
59.85M – 64.79M
-9.2% YoY
EPS
0.19
est: 0.08 (+135.7%)
0.20
est: 0.28 (-27.7%)
0.09
est: 0.15 (-41.2%)
0.07
est: 0.24 (-72.8%)
0.27
est: 0.24 (+14.4%)
0.30
est: 0.30 (+0.4%)
0.33
est: 0.39 (-16.1%)
0.38
est: 0.54 (-29.9%)
0.40
est: 0.64 (-37.4%)
1.06
est: 0.60 (+76.9%)
1.38
est: 0.65 (+112.2%)
0.41
est: 0.69 (-41.0%)
-0.49
est: 0.68 (-172.2%)
0.02
est: 0.12 (-82.7%)
-1.90
est: 0.37 (-618.3%)
0.23
est: 0.32 (-27.9%)
0.35
0.34 – 0.36
+11.1% YoY
0.40
0.38 – 0.41
+12.2% YoY
0.44
0.42 – 0.46
+9.4% YoY
0.46
0.44 – 0.49
+6.0% YoY
Recent Grade Changes (3M)
Date Firm Previous New Grade Action
2026-04-20 CIBC Neutral Neutral Maintain
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-07 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-06 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-05 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-04 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-05-01 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-30 B- 2/5 1/5 2/5 3/5 2/5 2/5 4/5
2026-04-29 C+ 2/5 1/5 1/5 3/5 2/5 2/5 4/5
2026-04-28 C+ 2/5 1/5 1/5 3/5 2/5 2/5 4/5
2026-04-27 B- 2/5 1/5 1/5 4/5 2/5 2/5 4/5
2026-04-24 C+ 2/5 1/5 1/5 4/5 1/5 2/5 4/5
2026-04-23 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 C+ 2/5 1/5 1/5 4/5 1/5 2/5 4/5
2026-04-16 C+ 2/5 1/5 1/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
549.51M
OE per share TTM
0.71
Owner's Yield
8.57%
Maintenance CapEx ratio
251.73%
Maint CapEx / Avg PPE
430.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 70 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 BMO Equal Weight Utilities Index ETF ZUT.TO 6.68% 40.10M 0.61%
2 iShares S&P/TSX Capped Utilities Index ETF XUT.TO 3.11% 14.22M 0.61%
3 iShares S&P/TSX Completion Index ETF XMD.TO 0.57% 3.15M 0.60%
4 TD Active Preferred Share ETF TPRF.TO 0.50% 1.63M 0.50%
5 iShares S&P/TSX Composite High Dividend Index ETF XEI.TO 0.50% 14.87M 0.22%
6 Vanguard FTSE Canadian High Dividend Yield Index ETF VDY.TO 0.26% 15.70M 0.22%
7 Schwab International Small-Cap Equity ETF SCHC 0.17% 9.21M 0.06%
8 iShares ESG Aware MSCI Canada Index ETF XESG.TO 0.16% 738.8K 0.17%
9 Vanguard Global Infrastructure Index ETF VBLD.AX 0.15% 706.1K 0.47%
10 iShares $ Treasury Bond 3-7yr UCITS ETF CBUG.DE 0.14% 636.4K 0.10%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
148.4K
Shares Outstanding
768.69M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Robert J. Stefani Chief Financial Officer 1M male
Jennifer Tindale Chief Legal Officer 945.7K female
Peter S. Norgeot Jr. Chief Operating Officer 799.5K male
Roderick K. West Chief Executive Officer & Director 186.4K male
Kristin von Fischer Chief Human Resources Officer female
Noel Black Chief Regulatory & External Affairs Officer male
Alison Holditch Investor Relations Officer female
Stephanie Bose Senior Director of Corporate Communications
Amy Marie Walt Chief Customer Officer female
Brian James Chin Vice President of Investor Relations male
Colin Michael Penny Chief Information Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits