Algonquin Power & Utilities Posts Higher Q1 2026 Revenue but Lower Profit
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An update from Algonquin Power & Utilities ( (TSE:AQN) ) is now available.
Algonquin Power & Utilities Corp. reported unaudited interim condensed consolidated financial results for the three months ended March 31, 2026, filed on May 8, 2026, showing total revenue of $792.4 million, up from $692.4 million a year earlier, driven by growth in regulated electricity, natural gas, and water distribution. Net earnings attributable to shareholders declined to $86.2 million from $96.8 million, with operating income essentially flat and higher operating costs, purchased gas, and depreciation weighing on profitability, while the company also confirmed related earnings disclosures, management discussion and analysis, CEO and CFO certifications, and a separate dividend announcement for common and preferred shareholders for the second quarter of 2026.
The most recent analyst rating on (TSE:AQN) stock is a Hold with a C$6.50 price target. To see the full list of analyst forecasts on Algonquin Power & Utilities stock, see the TSE:AQN Stock Forecast page.
Spark’s Take on AQN Stock
According to Spark, TipRanks’ AI Analyst, AQN is a Neutral.
The score is held back primarily by weak financial quality (consistently negative free cash flow and elevated leverage) and soft technical momentum. These are partially offset by a constructive earnings call with reaffirmed guidance, debt reduction/interest savings, and supportive regulated rate-base growth plans, while valuation remains mixed due to a high P/E despite a solid dividend yield.
To see Spark’s full report on AQN stock, click here.
More about Algonquin Power & Utilities
Algonquin Power & Utilities Corp. is a Canadian regulated utility and renewable energy company providing electricity, natural gas, and water distribution services, primarily in North America. The company generates revenue mainly from regulated electricity and gas distribution, supplemented by water reclamation, non‑regulated energy sales, and other related utility services.
Average Trading Volume: 2,204,312
Technical Sentiment Signal: Hold
Current Market Cap: C$6.58B
Learn more about AQN stock on TipRanks’ Stock Analysis page.
