Q3 25 EPS
$0.09
BEAT +41.96%
Est. $0.06
Q3 25 Revenue
$582.7M
MISS 2.67%
Est. $598.7M
vs S&P Since Q3 25
-22.5%
TRAILING MARKET
AQN -11.5% vs S&P +11.0%
Market Reaction
Did AQN Beat Earnings? Q3 2025 Results
Algonquin Power & Utilities delivered a decisive earnings beat in Q3 2025, posting adjusted EPS of $0.09 against a consensus estimate of $0.06, a 41.96% positive surprise that sent shares climbing in pre-market trading. The stronger-than-expected bot… Read more Algonquin Power & Utilities delivered a decisive earnings beat in Q3 2025, posting adjusted EPS of $0.09 against a consensus estimate of $0.06, a 41.96% positive surprise that sent shares climbing in pre-market trading. The stronger-than-expected bottom line reflects the company's completed transformation into a pure-play regulated utility, following the January 2025 sale of its renewables business to LS Power for approximately $2.10 billion, with proceeds used to pay down debt and generate $10.70 million in interest savings that meaningfully lifted the Regulated Services Group's net earnings year over year. Revenue of $582.70 million rose 1.7% from the prior-year period, though it fell modestly short of the $598.67 million consensus estimate. Looking ahead, AQN is pursuing an active rate case calendar, including an Empire Electric filing in Missouri targeting $97.00 million in approved annual revenue increases under a settlement agreement, with the potential for an additional $13.00 million tied to customer service performance, providing a clear path for earnings growth as the streamlined utility matures.
Key Takeaways
- • Implementation of approved rates of $6.7 million at Midstates and Peach State Gas Systems and several water utility systems
- • Favorable year-over-year weather contributing approximately $4.0 million at Empire Electric System
- • Lower operating expenses of $9.2 million from favorable timing of certain expenses
- • Lower interest expense of $10.7 million from debt repayment with Renewables Sale and Atlantica sale proceeds
- • One-time depreciation deferral adjustment of $7.1 million related to EnergyNorth Natural Gas
- • Gain of $9.1 million on settlement of a swap at BELCO
AQN YoY Financials
Q3 2025 vs Q3 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% |