ALGONQUIN POWER & UTILITIES CORP. (AQN)
As-reported financials and SEC filings for ALGONQUIN POWER & UTILITIES CORP. The latest annual period is FY2025. The latest reported quarter is Q2 FY2025. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.
Snapshot
Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.
What changed at Algonquin Power & Utilities
- Revenue grew 4.9% to $2.4B in FY2025, after a 3.5% decline the year before.
- Operating margin is 20.7% in FY2025, +2.6 pp against 18.2% in FY2021.
- Most recent quarter Q2 FY2025: revenue $528M, up 2.4% from Q2 FY2024.
- Free cash flow was negative $178M in FY2025.
- Net income turned positive at $181M in FY2025, from a $1.4B loss in FY2024.
Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.
Peer comparison
Where Algonquin Power & Utilities’s fundamentals sit among the 98 Utilities companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).
No reported insider transactions (codes P/S) in the last 90 days. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →
Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.
Institutional ownership
Held by 1 of the superinvestors we track (plus 6 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).
| Investor | As of | Position value | Shares | Change |
|---|---|---|---|---|
| Starboard Value | Q2 2026 | $335.1M | 57.2M | Held |
| D. E. Shawquant | Q2 2026 | $44.1M | 7.5M | Added |
| Citadel Advisorsquant | Q2 2026 | $13.4M | 2.3M | Added |
| Two Sigma Investmentsquant | Q2 2026 | $6.6M | 1.1M | Added |
| Renaissance Technologiesquant | Q2 2026 | $6.4M | 1.1M | Reduced |
| Point72 Asset Managementquant | Q2 2026 | $6.2M | 1.1M | Added |
| Millennium Managementquant | Q2 2026 | $226,167 | 38.6K | Reduced |
No longer held by: Gotham Asset Management (as of Q2 2026)
From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.
Short interest
Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.
| Settlement | Shares short | Change | Days to cover |
|---|---|---|---|
| 2026-08-14 | 16.4M | +22.8% | 4.27 |
| 2026-07-31 | 13.3M | +21.2% | 3.44 |
| 2026-07-15 | 11.0M | -25.2% | 2.03 |
| 2026-06-30 | 14.7M | +24.2% | 4.32 |
| 2026-06-15 | 11.8M | +38.6% | 2.48 |
| 2026-05-29 | 8.5M | -22.3% | 1.50 |
| 2026-05-15 | 11.0M | +25.3% | 2.77 |
| 2026-04-30 | 8.8M | +6.5% | 2.71 |
Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.
Income statement (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $2.43B | $2.32B | $2.40B | $2.77B | $2.27B |
| Gross profit | — | — | — | — | — |
| Operating income | $504.7M | $446.1M | $467.3M | $402.0M | $413.1M |
| Net income | $180.8M | $-1.38B | $28.7M | $-212.0M | $264.9M |
| Diluted EPS | $0.22 | $-1.90 | $0.03 | $-0.33 | $0.41 |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Balance sheet (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Cash and equivalents | $32.7M | $34.8M | $25.1M | $57.6M | $125.2M |
| Current assets | $1.20B | $1.14B | $1.07B | $1.09B | $938.7M |
| Total assets | $14.14B | $16.96B | $18.37B | $17.63B | $16.80B |
| Current liabilities | $1.20B | $1.50B | $1.69B | $1.53B | $1.36B |
| Long-term debt | $6.17B | $6.21B | $6.88B | $7.09B | $5.85B |
| Total liabilities | $9.09B | $10.79B | $11.75B | $10.79B | $9.08B |
| Total equity | $5.05B | $6.18B | $6.62B | $6.84B | $7.38B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Cash flow (as reported)
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Operating cash flow | $593.6M | $481.7M | $628.0M | $619.1M | $157.5M |
| Capital expenditure | $771.9M | $872.4M | $1.03B | $1.09B | $1.35B |
| Free cash flow | $-178.3M | $-390.7M | $-398.1M | $-469.9M | $-1.19B |
Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.
Quarterly trend (as reported)
| Quarter | Revenue | Revenue YoY | Net income | Diluted EPS |
|---|---|---|---|---|
| Q2 FY2025 | $527.8M | 2.4% | $24.1M | $0.03 |
| Q2 FY2024 | $515.3M | -17.9% | $200.7M | $0.28 |
| Q2 FY2023 | $627.9M | 1.4% | $-253.2M | $-0.37 |
| Q2 FY2022 | $619.4M | 17.4% | $-33.4M | $-0.05 |
| Q2 FY2021 | $527.5M | 53.5% | $103.2M | $0.16 |
| Q2 FY2020 | $343.6M | 0.0% | $286.2M | $0.53 |
| Q2 FY2019 | $343.6M | -6.2% | $156.6M | $0.31 |
| Q2 FY2018 | $366.1M | 8.6% | $65.5M | $0.14 |
Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.
Company facts
Selected SEC filings
Largest Utilities peers
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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.