Also trades as: AQN (NYSE) · $vol 22M · AQN.TO (TSX) · $vol 15M · AQNU (NYSE) · $vol 3M · AQN-PA.TO (TSX) · $vol 0M

$25.50

+0.03 (+0.12%)

Weekly Expected Move ±1.0%

$25 $25 $25 $26 $26

NYSE · Utilities · Diversified Utilities · Tech Score Sell · Power 34 · $18.7B mcap · Short 48% of daily vol

Credit Risk of going bust: lower than 55% of companies Debt: 61.4% of company value Bonds: $62.7M held by 84 funds → details ▾

If the stock fell to about $1.71 (down 93%), Algonquin Power & Utilities Corp. would be worth roughly what it owes.
Total debt $6.64B against a stock market value of $4.17B.
Distance to default 5.59 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $3.58B (short-term plus half of long-term), stock volatility 25.6%; Altman Z'' 0.04. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Overview Chart Smart Money Financials Income Statement Cash Flow Balance Sheet Earnings

Analysis Technicals Weather Peers ESG Institutions ETF Exposure Dark Pool Short Interest

Income Trends

Revenue

$2.3B -14.0% ▼

5Y CAGR: +7.2%

Gross Profit

$845M +1.0% ▲

5Y CAGR: +15.3%

Operating Income

$446M -4.5% ▼

5Y CAGR: +4.6%

Net Income

-$1.4B -6894.6% ▼

EPS (Diluted)

$0.15 +400.0% ▲

5Y CAGR: -32.4%

EBITDA

$831M +1.8% ▲

5Y CAGR: -4.8%

Profit Margins

Year-over-Year Growth

View Full Income Statement

Line Item	FY2020	FY2021	FY2022	FY2023	FY2024
Revenue	$1.7B	$2.2B	$2.6B	$2.7B	$2.3B
YoY Growth	+5.7%	+26.6%	+18.0%	+4.0%	-14.0%
Cost of Revenue	$1.3B	$1.8B	$2.1B	$2.1B	$1.5B
Gross Profit	$438M	$395M	$507M	$837M	$845M
Gross Margin	25.3%	18.0%	19.5%	31.0%	36.4%
R&D Expenses	$0	$0	$0	$0	$0
SG&A Expenses	$66M	$66M	$77M	$92M	$14M
Operating Expenses	$66M	$66M	$77M	$369M	$399M
Operating Income	$384M	$413M	$402M	$467M	$446M
Operating Margin	22.1%	18.8%	15.5%	17.3%	19.2%
Interest Expense	$205M	$214M	$278M	$375M	$364M
Income Before Tax	$792M	$142M	-$370M	-$62M	$177M
Tax Expense	$65M	$43M	-$59M	$37M	$187M
Net Income	$824M	$263M	-$204M	$20M	-$1.4B
Net Margin	47.5%	11.9%	-7.8%	0.8%	-59.5%
EPS (Diluted)	$1.44	$0.40	$-0.30	$0.03	$0.15
EBITDA	$655M	$759M	$956M	$817M	$831M
Shares Outstanding	564M	629M	678M	691M	734M

Line Item	FY2024 Q2	FY2024 Q3	FY2024 Q4	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2026 Q1	FY2026 Q2
Revenue	$424M	$573M	$585M	$692M	$528M	$583M	$792M	$544M
Cost of Revenue	$275M	$356M	$380M	$414M	$342M	$126M	$503M	$350M
Gross Profit	$149M	$217M	$205M	$278M	$186M	$456M	$289M	$193M
Gross Margin	35.2%	37.8%	35.1%	40.2%	35.2%	78.3%	36.5%	35.6%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$3M	$3M	$4M	$2M	$3M	$0	$2M	$1M
Operating Expenses	$53M	$106M	$99M	$99M	$121M	$307M	$108M	$110M
Operating Income	$89M	$111M	$106M	$179M	$65M	$150M	$181M	$84M
Operating Margin	20.9%	19.4%	18.1%	25.8%	12.3%	25.7%	22.8%	15.4%
Interest Expense	$80M	$91M	$89M	$71M	$68M	$72M	$73M	$77M
Income Before Tax	$243M	$40M	$26M	$97M	$6M	$86M	$96M	-$8M
Tax Expense	$25M	$6M	$154M	$20M	$7M	$27M	$29M	$3M
Net Income	$201M	-$1.3B	-$186M	$97M	$24M	$39M	$86M	$4M
Net Margin	47.3%	-227.8%	-31.9%	14.0%	4.6%	6.7%	10.9%	0.7%
EPS (Diluted)	$0.28	$0.06	$-0.12	$0.12	$0.02	$0.03	$0.11	$0.01
EBITDA	$216M	$225M	$120M	$280M	$183M	$252M	$288M	$192M
Shares Outstanding	730M	770M	734M	771M	772M	772M	773M	773M

AQNB NYSE

Income Trends

Profit Margins

Year-over-Year Growth

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