The earnings call reflected a mix of positive financial performance with significant increases in net earnings and strategic investments in transmission projects. However, these are tempered by ongoing investigations into customer service issues and a recent tragic incident in Missouri.

Company Guidance -

Q3 2025

During the Algonquin Power & Utilities Corporation First Quarter 2025 Earnings Conference Call, guidance was provided on several key financial metrics and operational updates. The company reported a 39% increase in first-quarter adjusted net earnings from continuing operations, reaching $111.6 million, compared to $80.1 million in the prior year. The Regulated Services Group saw a 43% increase in net earnings, driven by new rates contributing $15.7 million and a reduction in interest expenses of $13.6 million. The Hydro Group's net earnings increased by $13.4 million due to a one-time tax recovery. Adjusted net earnings per share (EPS) were $0.14, maintaining the level from the previous year's first quarter, despite a $0.03 negative impact from the renewables sale. The company also highlighted healthy credit metrics, with S&P indicating an FFO to debt ratio of 12.5% and Fitch reporting a debt-to-EBITDA ratio of 5.6x. Looking ahead, Algonquin plans to provide an updated outlook for 2025-2027 on June 3, including projected adjusted net EPS ranges and further strategic insights following CEO Rod West's first 90 days in the role.

Significant Increase in Adjusted Net Earnings

First quarter adjusted net earnings from continuing operations were $111.6 million, up 39% from $80.1 million in 2024.

Empire District Electric Transmission Projects

Southwest Power Pool approved a $7.7 billion Integrated Transmission Plan, with $750-$800 million dedicated to Empire District Electric service area upgrades.

Regulatory Approvals and Rate Increases

New Hampshire Public Utilities Commission approved the Granite State Electric settlement agreement with new rates effective April 1.

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)	0.07 / -	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
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%
Aug 09, 2024	$5.88	$5.14	-12.59%

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.