Algonquin Power & Utilities earnings date
Algonquin Power & Utilities (AQNN) Q3 2026 Earnings Report
MX:AQNN Q3 2026 EPS Results
- Actual EPS
- MXN 2.05
- Consensus EPS
- MXN 1.90
- Beat/Miss
- Beat by +MXN 0.15
- One Year Ago EPS
- MXN 1.67
MX:AQNN Q3 2026 Revenue Results
- Actual Revenue
- MXN 11.56B
- Expected Revenue
- MXN 12.04B
- Beat/Miss
- Missed by -MXN 481.90M
- YoY Revenue Growth
- +10.38%
Earnings Announcement Details
- Quarter
- Q3 2026
- Date
- 11/06/2026
- Time
- Before Open
- Conference Call
- Friday, November 6, 2026
Algonquin Power & Utilities's next earnings date is estimated for March 5, 2027, based on past reporting schedules.
Q3 2026 Earnings Call Audio
Q3 2026 Earnings Slide Deck
Q3 2026 Earnings Call Summary
The call was predominantly positive. Management reported higher adjusted earnings, reaffirmed 2026 and 2027 EPS guidance, highlighted progress on rate cases, portfolio simplification, the Missouri large-load tariff, balance-sheet stability, and the planned U.S. redomicile. The main negatives were lower GAAP earnings, higher operating and wildfire insurance costs, one-time-item comparisons, unresolved Missouri revenue discussions, and the continued execution work required to improve O&M and operational performance.
Management said it remains on track to achieve 2026 adjusted net EPS guidance of $0.35 to $0.37 per share and expects adjusted net earnings per share of $0.35 to $0.37 for 2026 and $0.38 to $0.42 per share for 2027; it expects not to issue equity through 2027 to fund current plans, continues to move O&M toward the low to mid-30s as a percent of gross revenue, and expects the planned U.S. redomicile to be completed in the first half of 2027, with an estimated annualized adjusted net EPS benefit of $0.02 to $0.03 per share and a partial benefit beginning in 2027. Management also said the potential Missouri revenue opportunity is $13.7 million on an annualized basis, with about half of that available for this year, and that it assumes reasonable outcomes in its guidance.
- Adjusted Third-Quarter Earnings IncreasedThird-quarter adjusted earnings attributable to common shareholders increased to $88.1 million from $69.0 million a year ago. Adjusted net EPS increased by $0.02 year over year to $0.11, helped by favorable weather at Empire Electric, new rates in multiple jurisdictions, and a $7.1 million benefit from taxes and noncontrolling interest.
- Year-to-Date Adjusted Earnings ImprovedYear-to-date adjusted earnings increased to $216.9 million from $211.6 million in 2025. Positive contributors included $45.3 million from the CalPeco rate case, including rate recognition retroactive to 2025, $13.3 million from rate adjustments and customer growth in other jurisdictions, and an $11.2 million benefit from favorable weather.
- 2026 and 2027 EPS Guidance ReaffirmedManagement remains on track to achieve 2026 adjusted net EPS guidance of $0.35 to $0.37 and reaffirmed 2027 adjusted net EPS guidance of $0.38 to $0.42 per share.
- Missouri Large Load Tariff FiledEmpire Electric Missouri filed its large load tariff, which management said is intended to support economic development, serve potential new large-load customers, and protect residential and small-business customers by requiring large-load customers to pay their representative cost of service.
- Transmission Investment Incentives GrantedFERC granted CWIP and abandonment incentives to Empire for its portfolio of transmission projects in SPP. Management described this as consistent with its plan to invest in assets that enhance reliability for customers.
- Suralis Sale Simplified the Regulated PortfolioAlgonquin closed the sale of its 64% ownership interest in Suralis, its regulated water utility in Chile. The transaction generated $126 million of proceeds, removed Suralis debt from Algonquin's books, and was described as slightly credit positive on a forward-looking basis. A favorable tax pickup made the transaction largely neutral in 2026.
- Arizona Rate Case Resolved ConstructivelyAlgonquin reached a constructive resolution of the Litchfield Park Water and Sewer rate case in Arizona, including a provision for formula rates.
- Active Regulatory ProgramThe company filed new rate cases at Empire Electric Oklahoma and Granite State Electric and obtained a rate case decision at Litchfield Park Water and Sewer. Management said these proceedings are intended to align rates with investments required to safely and reliably serve customers.
- Strong Liquidity and Conservative LeverageLiquidity was reported at $1.2 billion. Algonquin's BBB credit rating supports its balance sheet, HoldCo debt of $1.4 billion represented approximately 20% of total consolidated debt versus comparable peers at 25% to 30%, and management expects not to need equity issuance through 2027 to fund its current plans.
- Interest Rate Exposure HedgedAlgonquin effectively hedged its interest rate exposure on its hybrid notes, which management said provides greater certainty around holding-company financing costs.
- U.S. Redomicile ProgressingThe planned redomicile to the United States is progressing on track, with completion targeted for the first half of 2027. Management estimates that the completed redomicile could reduce cross-border tax friction and provide an annualized adjusted net EPS benefit of $0.02 to $0.03 per share, with a partial benefit beginning in 2027.
- Cost Improvement Programs UnderwayManagement said outsourcing, application rationalization, and reductions in IT costs have driven costs down. The company continues to target moving O&M toward the low to mid-30s as a percentage of gross revenue.
- Stakeholder Engagement in MissouriManagement said the Missouri large-load tariff filing reflected engagement with the governor, legislature, customer groups, and the commission. It also cited Missouri Senate Bill 4 as establishing customer protections and said it was encouraged by the stakeholder response to date.
- Potential Missouri Revenue OpportunityAlgonquin continues to work toward resolution of potential incremental annualized Missouri revenues of $13.7 million. Management said it had closed the gap on billing and other issues that contributed to prior underperformance and felt good about the improvement in customer outcomes.
MX:AQNN Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Mar 05, 2027 | 2026 (Q4) | 1.58- | 1.12 | ― | ― |
| Nov 06, 2026 | 2026 (Q3) | 1.902.05 | 1.67 | 22.22% (+0.37) | |
| Aug 07, 2026 | 2026 (Q2) | 0.600.74 | 0.74 | 0.00% (+0.00) | |
| May 08, 2026 | 2026 (Q1) | 2.122.42 | 2.23 | 8.33% (+0.19) | |
| Mar 06, 2026 | 2025 (Q4) | 0.891.12 | 1.12 | 0.00% (+0.00) | |
| Nov 07, 2025 | 2025 (Q3) | 1.171.67 | 1.49 | 12.50% (+0.19) | |
| Aug 08, 2025 | 2025 (Q2) | 0.740.74 | 1.67 | -55.56% (-0.93) | |
| May 09, 2025 | 2025 (Q1) | 1.792.23 | 2.6 | -14.29% (-0.37) | |
| Mar 07, 2025 | 2024 (Q4) | 1.411.12 | 2.98 | -62.50% (-1.86) | |
| Nov 07, 2024 | 2024 (Q3) | 1.691.49 | 2.05 | -27.27% (-0.56) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
