Algonquin Power & Utilities Corp. AQN-T reported a loss in its fourth quarter compared with a profit a year ago as its revenue edged lower.
The company, which keeps its books in U.S. dollars, says it saw a net loss attributable to shareholders of US$186.4-million or 25 cents US per diluted share for the quarter ended Dec. 31.
The result compared with profit of US$186.3-million or 27 cents US per diluted share for the last three months of 2023.
Revenue for the quarter totalled US$584.8-million, down from US$585.7-million a year earlier.
On an adjusted basis, Algonquin says it earned six cents US per share in its latest quarter compared with an adjusted profit of 12 cents US per share in fourth quarter of 2023.
Shares in the company were down 45 cents or nearly seven per cent at C$6.38 in early trading on the Toronto Stock Exchange.