Algonquin Power & Utilities Corp. (AQN)

AQN Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Revenue	2,434	2,320	2,404	2,765	2,274
Revenue Growth (YoY)	4.92%	-3.51%	-13.06%	21.58%	35.61%
Fuel and Purchased Power Expense	639.8	600.8	743.5	866.35	713.92
Gross Profit	1,794	1,719	1,660	1,899	1,560
Depreciation & Amortization Expenses	400.3	395.7	354.08	455.52	402.96
Net Gains on Disposal of Operating Assets	-	-	-	64.03	29.06
Other Operating Expenses	888.8	876.9	839.05	1,105	773.23
Operating Income	504.7	446.1	467.29	402.05	413.1
Interest Income	21.6	107.5	-123.24	-483.39	-26.46
Interest Expense	-282.5	-363.6	-308.44	-278.57	-209.55
Other Non-Operating Income (Expense)	260.9	256.1	431.68	-9.75	-305.73
Total Non-Operating Income (Expense)	-	-	-	-771.71	-541.74
Pretax Income	211	177.2	-62.12	-369.67	142.23
Provision for Income Taxes	65	186.8	-37.06	-61.51	-43.43
Net Income	170.3	-1,391	20.32	-220.71	255.86
Minority Interest in Earnings	-72.5	-135.4	-61.98	-96.17	-79.2
Net Income Attributable to Preferred Dividends	10.5	10.5	8.36	8.72	9
Earnings From Discontinued Operations	-37.7	-1,506	-8.25	-	-
Net Income to Common	170.3	-1,391	20.32	-220.71	255.86
Net Income Growth	-	-	-	-	-66.95%
Shares Outstanding (Basic)	768	732	689	678	622
Shares Outstanding (Diluted)	772	734	691	678	629
Shares Change (YoY)	5.23%	6.27%	1.90%	7.78%	11.44%
EPS (Basic)	0.22	-1.90	0.03	-0.33	0.41
EPS (Diluted)	0.22	-1.90	0.03	-0.33	0.41
EPS Growth	-	-	-	-	-70.07%
Free Cash Flow	-178.3	-390.7	-398.14	-469.93	-1,188
Free Cash Flow Per Share	-0.23	-0.53	-0.58	-0.69	-1.89
Dividends Per Share	0.260	0.347	0.434	0.713	0.667
Dividend Growth	-25.07%	-20.05%	-39.13%	6.91%	9.99%
Gross Margin	73.71%	74.10%	69.07%	68.67%	68.61%
Operating Margin	20.74%	19.23%	19.44%	14.54%	18.17%
Profit Margin	6.00%	-0.41%	-1.04%	-11.14%	8.16%
FCF Margin	-7.33%	-16.84%	-16.56%	-17.00%	-52.22%
EBITDA	905	922.8	934.28	857.57	816.07
EBITDA Margin	37.19%	39.78%	38.86%	31.01%	35.88%
EBIT	504.7	446.1	467.29	402.05	413.1
EBIT Margin	20.74%	19.23%	19.44%	14.54%	18.17%
Effective Tax Rate	30.81%	105.42%	59.66%	16.64%	-30.53%

Updated Mar 6, 2026. Data Source: Fiscal.ai. Utilities template. Financial Sources.

SEC Filings: 10-K · 10-Q