Headquartered in Oakville, ON Fiscal year ends December NYSE: AQN algonquinpower.com
Algonquin Power & Utilities Corp. (AQN) is a utility holding company incorporated under the Canada Business Corporations Act. Its common shares trade on the Toronto Stock Exchange and the New York Stock Exchange.
**Regulated Services Group** owns and operates rate-regulated electric, natural gas, water and wastewater utility systems and transmission operations in 13 U.S. states, one Canadian province (New Brunswick) and Bermuda. It is subject to 16 regulatory agencies, including FERC. As of September 30, 2026, it served about 1,318,000 customer connections, or roughly 3,295,000 customers:
- **Electric:** Distribution utilities and related generation serve about 343,000 connections in Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, Oklahoma and Bermuda. The group owns about 2.0 GW of gross generating capacity and holds investments in about 0.3 GW of net capacity.
- **Water and wastewater:** Systems serve about 594,000 connections in Arizona, Arkansas, California, Illinois, Missouri, New York and Texas.
- **Natural gas:** Distribution systems serve about 381,000 connections in Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire, New York and New Brunswick.
- **Key operating utilities:** Empire District Electric (Missouri, Kansas, Oklahoma and Arkansas), Liberty CalPeco (California), Granite State Electric and EnergyNorth Gas (New Hampshire), New England Natural Gas (Massachusetts), Peach State Gas (Georgia), New York Water, Park Water and Apple Valley Water (California), Litchfield Park Water & Sewer (Arizona) and BELCO (Bermuda).
**Hydro Group** comprises 14 run-of-river hydroelectric facilities in Alberta, Ontario, New Brunswick and Quebec, with about 112 MW of gross capacity. These were retained after the January 2025 sale of the renewables business to LS Power.
**Corporate Group** holds corporate debt and provides shared services.
Revenue comes mostly from regulated electricity distribution, followed by water and natural gas distribution. Commodity costs are largely passed through to customers.
AQN completed the sale of its approximately 64% stake in Chilean water utility Suralis on October 30, 2026. That leaves the company concentrated in North American and Bermudian regulated utilities as it pursues a simplified, pure-play utility strategy. It has also announced its intention to redomicile its incorporation to the United States. Updated
Algonquin reports before the open with consensus at $0.0983 EPS on $658.45 million in revenue, its first full read since the $2.5 billion renewable business sale closed. Last quarter's $0.04 result ended a three-quarter run of beats, so the pure-play utility story needs proof.
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Algonquin Power & Utilities Corp. (AQN) is a utility holding company incorporated under the Canada Business Corporations Act.
24/7 Wall St.'s 12-month price target for AQN is $5.90, rated Buy. The Wall Street consensus target is $6.55. AQN price prediction →
