Algonquin Power & Utilities Full Year 2024 Earnings: Misses Expectations

Simply Wall St

March 11, 2025

Algonquin Power & Utilities (TSE:AQN) Full Year 2024 Results

Key Financial Results

Revenue: US$2.32b (down 3.5% from FY 2023).
Net income: US$115.3m (up 304% from FY 2023).
Profit margin: 5.0% (up from 1.2% in FY 2023).
EPS: US$0.16 (up from US$0.041 in FY 2023).

revenue-and-expenses-breakdown — TSX:AQN Revenue and Expenses Breakdown March 11th 2025

All figures shown in the chart above are for the trailing 12 month (TTM) period

Algonquin Power & Utilities Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 10%. Earnings per share (EPS) exceeded analyst estimates.

The primary driver behind last 12 months revenue was the Regulated Services Group segment contributing a total revenue of US$2.28b (98% of total revenue). Notably, cost of sales worth US$1.47b amounted to 64% of total revenue thereby underscoring the impact on earnings. The largest operating expense was Depreciation & Amortisation (D&A) costs, amounting to US$395.7m (54% of total expenses). Explore how AQN's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 4.3% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Integrated Utilities industry in North America.

Performance of the market in Canada.

The company's shares are up 2.3% from a week ago.

Risk Analysis

Before you take the next step you should know about the 3 warning signs for Algonquin Power & Utilities (2 are potentially serious!) that we have uncovered.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.