The earnings call presented a balanced view with both positive and negative aspects. The company reported regulatory achievements and strategic strengthening of the management team, alongside a solid financial outlook. However, these were offset by a decline in adjusted net earnings and EPS compared to the previous year.

Company Guidance

During the second quarter 2025 earnings call for Algonquin Power & Utilities Corp., the company provided guidance indicating solid financial results and a strong outlook for the year. They reported adjusted net earnings from continuing operations of $36.2 million, a decrease of approximately 13% from the previous year's $41.5 million. The adjusted net earnings per share were $0.04, down from $0.06 in the previous year. Notable financial projections include an estimated adjusted net EPS outlook for 2025 through 2027, expected improvements to earned ROE, and operating expenses as a percent of revenues. The company anticipates maintaining its BBB investment-grade credit rating and does not foresee the need for common equity financings through 2027. Moreover, a total combined rate adjustment request of $73.6 million was filed during the quarter. The Arizona Corporation Commission approved a $4.2 million revenue adjustment, with new rates effective July 1. The company continues to focus on strategic investments to improve customer experience, drive operational efficiencies, and achieve regulatory outcomes, all while aiming to become a premium pure-play regulated utility.

Regulatory Progress

Notable rate case filings during the quarter with a total combined rate adjustment request of $73.6 million. Settlement agreement approved by the Arizona Corporation Commission resulting in a $4.2 million revenue adjustment.

Executive Management Strengthening

Appointments of Noel Black as Chief Regulatory and External Affairs Officer and Amy Walt as Chief Customer Officer, signaling a commitment to operational excellence and stakeholder engagement.

Financial Outlook and Strategy

Company announced a 3-year financial outlook and Back to Basics customer-centric plan, projecting improvements in earned ROE, operating expenses as a percent of revenues, and capital investment deployment, with no common equity financings needed through 2027.

Algonquin Power & Utilities (AQN) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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AQN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.06 / -	0.08	―	―	―
Aug 08, 2025	2025 (Q2)	0.04 / 0.04	0.09	-55.56% (-0.05)
May 09, 2025	2025 (Q1)	0.10 / 0.10	0.14	-30.71% (-0.04)
Mar 07, 2025	2024 (Q4)	0.08 / 0.06	0.16	-62.50% (-0.10)
Nov 07, 2024	2024 (Q3)	0.09 / 0.08	0.11	-27.27% (-0.03)
Aug 09, 2024	2024 (Q2)	0.08 / 0.09	0.08	12.50% (<+0.01)
May 10, 2024	2024 (Q1)	0.16 / 0.14	0.17	-17.65% (-0.03)
Mar 08, 2024	2023 (Q4)	0.14 / 0.16	0.22	-27.27% (-0.06)
Nov 10, 2023	2023 (Q3)	0.12 / 0.11	0.11	0.00% (0.00)
Aug 10, 2023	2023 (Q2)	0.11 / 0.08	0.16	-50.00% (-0.08)

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.

Beat

Missed

AQN Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 08, 2025	$5.92	$5.69	-3.89%
May 09, 2025	$5.40	$5.92	+9.63%
Mar 07, 2025	$4.68	$4.69	+0.21%
Nov 07, 2024	$4.62	$4.63	+0.22%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.