Profile
Sector:
UtilitiesIndustry:
RenewableCountry:
CanadaIPO:
18 June 2021Website:
http://algonquinpower.comNext earnings report:
N/ALast dividends:
29 June 2021Next dividends:
N/ADividend
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AQNU Latest News
Algonquin is looking to divest its renewable energy group to address debt and keep its investment-grade credit rating. The utility is currently paying out a 7.1% dividend yield that's 224% covered by adjusted FFO realized during its most recent quarter. A sale of its 42% stake in Atlantica Sustainable Infrastructure would have to be completed against poor stock market conditions for renewables.
What type of business is Algonquin Power & Utilities?
Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations. As of December 31, 2023, it provided distribution services to approximately 1,256,000 customer connections in the electric (approximately 309,000 customer connections), water and wastewater (approximately 572,000 customer connections), and natural gas sectors (approximately 375,000 customer connections). The company's electrical distribution utility systems and related transmission and generation assets are located in the states of Arkansas, California, Kansas, Missouri, Nevada, New Hampshire, and Oklahoma, and in Bermuda. Its regulated water distribution and wastewater collection utility systems are located in the states of Arizona, Arkansas, California, Illinois, Missouri, New York and Texas, and in Chile. The company's regulated natural gas distribution utility systems located in the province of New Brunswick and the states of Georgia, Illinois, Iowa, Massachusetts, Missouri, New Hampshire and New York. It also owns and operates generating assets with a gross capacity of approximately 2.0 gigawatt (GW) and has investments in generating assets with approximately 0.3 GW of net generation capacity. The company generates and sells electrical energy, capacity, ancillary products, and renewable attributes produced by its renewable and clean power generation facilities. It has economic interests in hydroelectric, wind, solar, renewable natural gas, and thermal facilities. As of December 31, 2023, it had a combined net generating capacity attributable to the Renewable Energy Group of approximately 2.7 GW. The company was incorporated in 1988 and is headquartered in Oakville, Canada.
What sector is Algonquin Power & Utilities in?
Algonquin Power & Utilities is in the Utilities sector
What industry is Algonquin Power & Utilities in?
Algonquin Power & Utilities is in the Renewable industry
What country is Algonquin Power & Utilities from?
Algonquin Power & Utilities is headquartered in Canada
When did Algonquin Power & Utilities go public?
Algonquin Power & Utilities initial public offering (IPO) was on 18 June 2021
What is Algonquin Power & Utilities website?
https://algonquinpower.com
Is Algonquin Power & Utilities in the S&P 500?
No, Algonquin Power & Utilities is not included in the S&P 500 index
Is Algonquin Power & Utilities in the NASDAQ 100?
No, Algonquin Power & Utilities is not included in the NASDAQ 100 index
Is Algonquin Power & Utilities in the Dow Jones?
No, Algonquin Power & Utilities is not included in the Dow Jones index
When was Algonquin Power & Utilities the previous earnings report?
No data
When does Algonquin Power & Utilities earnings report?
Next earnings report date is not announced yet