Q1 25 EPS
$0.12
BEAT +25.13%
Est. $0.10
Q1 25 Revenue
$692.4M
BEAT +6.09%
Est. $652.6M
vs S&P Since Q1 25
-35.7%
TRAILING MARKET
AQN -3.8% vs S&P +32.0%
Market Reaction
Did AQN Beat Earnings? Q1 2025 Results
Algonquin Power & Utilities delivered a notably strong first quarter of 2025, posting earnings per share of $0.12 against a consensus estimate of $0.10, a beat of 25.13%, while revenue of $692.40 million cleared expectations of $652.63 million by 6.0… Read more Algonquin Power & Utilities delivered a notably strong first quarter of 2025, posting earnings per share of $0.12 against a consensus estimate of $0.10, a beat of 25.13%, while revenue of $692.40 million cleared expectations of $652.63 million by 6.09% and grew 7.2% year-over-year. The headline financial story, however, is rooted in transformation: the January 8 completion of AQN's sale of its renewable energy business to LS Power for approximately $2.09 billion in after-tax proceeds formally recast the company as a pure-play regulated utility, retiring roughly $1.37 billion in renewable energy debt and trimming quarterly interest expense to $71.40 million from $89.60 million a year earlier. The Regulated Services Group anchored operating results with $134.60 million in net earnings, driven by new rate implementations totaling $15.70 million across multiple utility systems. Looking ahead, pending rate cases, including a $92.10 million request from Empire Electric and a $39.80 million filing from CalPeco, signal meaningful potential revenue growth as incoming CEO Roderick West shapes the company's next chapter.
Key Takeaways
- • Implementation of new rates ($15.7 million) at BELCO Electric, Midstates and Peach State Gas, and several water systems
- • Favorable weather contributing approximately $11.0 million at Empire Electric System
- • Lower interest expense of $13.6 million from debt repayment using Renewables Sale and Atlantica sale proceeds
- • Lower depreciation of $8.2 million due to one-time adjustments at Granite State Electric and Sarival plant
- • One-time $13.4 million tax recovery in Hydro Group from asset reorganization related to the Renewables Sale
- • Absence of $147.7 million Atlantica fair value mark-to-market loss recorded in Q1 2024
AQN YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
AQN Revenue by Segment
With YoY comparisons, source: SEC Filings
AQN Revenue by Geography
With YoY comparisons, source: SEC Filings
AQN Earnings Trends
AQN vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
AQN EPS Trend
Earnings per share: estimate vs actual
AQN Revenue Trend
Quarterly revenue: estimate vs actual
AQN Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 MISS | $0.11 | $0.11 | -4.10% | $792.4M | +11.03% |
| Q4 25 BEAT FY | $0.05 | $0.06 | +30.15% | $630.7M | +3.93% |
| FY Full Year | — | $0.34 | — | $2.43B | — |
| Q3 25 BEAT | $0.06 | $0.09 | +41.96% | $582.7M | -2.67% |
| Q2 25 MISS | $0.04 | $0.03 | -24.43% | $527.8M | -1.44% |
| Q1 25 BEAT | $0.10 | $0.12 | +25.13% | $692.4M | +6.09% |