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Jun 30
Algonquin Q2 2025 Earnings Report
Algonquin Power & Utilities Corp. reported Q2 2025 revenue of $527.8M, net earnings of $17.4M, and adjusted net earnings of $36.2M.
Key Takeaways
In Q2 2025, Algonquin Power & Utilities Corp. generated $527.8 million in revenue, $17.4 million in net earnings, and $36.2 million in adjusted net earnings, with EPS of $0.04. The Regulated Services Group contributed $47.1 million in net earnings, while the Hydro Group added $9.1 million. The Corporate Group posted a loss of $38.8 million. The company reaffirmed its financial outlook for 2025–2027, targeting adjusted net earnings per share of $0.30–$0.32 for 2025.
Revenue totaled $527.8 million in Q2 2025.
Net earnings were $17.4 million, down from $180.1 million in Q2 2024.
Adjusted net earnings were $36.2 million, compared to $41.5 million last year.
The Hydro Group posted a 176% year-over-year increase in net earnings.
Algonquin
Algonquin
Algonquin Revenue by Segment
Revenue by Segment
Regulated Services Group net earnings Revenue
CapyFin.comHydro Group net earnings Revenue
CapyFin.comCorporate Group net earnings Revenue
CapyFin.com Forward Guidance
The company reaffirmed its 2025–2027 financial outlook, expecting adjusted net earnings per share of $0.30–$0.32 in 2025, $0.35–$0.37 in 2026, and $0.42–$0.46 in 2027, supported by a $2.5 billion capital plan with no expected need for equity financing through 2027.
Positive Outlook
- Reaffirmed adjusted net earnings per share outlook for 2025–2027.
- Strong performance from the Hydro Group with 176% year-over-year earnings growth.
- Capital plan focused on improving customer experience and operational efficiencies.
- No anticipated need for common equity financings through 2027.
- Expected maintenance of BBB investment grade credit ratings.
Challenges Ahead
- Net earnings declined significantly year-over-year due to corporate segment performance.
- Regulated Services Group net earnings down 2% year-over-year.
- Impact from normalization of weather compared to favorable conditions last year.
- Loss of dividends from Atlantica sale affecting corporate earnings.
- Higher effective income tax rate impacted results.