Algonquin Power's Q3 adjusted profit rises 10%; names Robert Stefani as CFO

Overview

• Algonquin Q3 adjusted net earnings rise 10% year-over-year

• Regulated Services Group net earnings up 61% due to approved rates, favorable weather

• Company appoints Robert Stefani as CFO, effective January 2026

Outlook

• Algonquin Power aims to become a premium, pure-play regulated utility

• Company continues to advance its regulatory proceedings schedule

• Algonquin Power appoints new CFO to support strategic transition

Result Drivers

• REGULATED SERVICES GROWTH - Implementation of approved rates, favorable weather, and lower operating expenses drove a 61% increase in net earnings for Regulated Services Group

• CORPORATE GROUP IMPACT - Sale of Atlantica stake negatively affected Corporate Group net earnings, offset partially by reduced interest expenses

• REGULATORY PROGRESS - Company advanced regulatory proceedings with settlement agreements at EnergyNorth Gas and CalPeco Electric

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the multiline utilities peer group is "buy."

• The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nBw7cY5pra

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