Algonquin Q2 2026 adjusted profit slips 13% as higher gas costs, interest offset rate hikes, investment income
Reuters2026/08/07 10:36Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Algonquin posted Q2 2026 revenue of USD 543.9 million, up 3%, mainly from rate increases across electric and water systems.
- Net earnings attributable to common shareholders fell to USD 4.9 million from USD 14.8 million; Adjusted Net Earnings slipped to USD 29.2 million from USD 33.6 million.
- Utility earnings weakened on a USD 17.2 million Mountain View Fire cost write-off, higher interest expense, higher gas operating costs, and gas remediation spending.
- Rate-driven gains, modestly favorable electric weather at Empire, lower electric operating costs, and higher investment income on Senior Note Offering proceeds partly offset.
- First-half Adjusted Net Earnings declined to USD 128.8 million from USD 142.6 million, pressured by gas cost inflation, restructuring costs, and the same write-off.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Algonquin Power & Utilities Corp. published the original content used to generate this news brief on August 07, 2026, and is solely responsible for the information contained therein.
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