Algonquin Power & Utilities Corp. Q1 FY2026 earnings call

Rod discussed first quarter progress on operations (e.g., gas operations procedures/training, customer billing in Missouri, regulatory rate case conclusions and ongoing cases), and corporate aspects (refinancing and tax optimization). Rob walked through financial results: first quarter net earnings, adjusted net earnings, drivers behind changes like CalPICO rate case, balance sheet strength, and near-term financing plans.

Not explicitly detailed in terms of absolute financial performance and revenue contribution % for each product segment

Expect to refinance senior unsecured notes due in June by raising ~$1.15 billion at LUCO via 144 bond issuance; also put in place a $1.15 billion delayed draw credit facility to support refinancing if needed.

Not explicitly discussed in detail

Q: Eli Johnson asked about Empire, Missouri billing procedures, milestones, and phase-in timeline.

A: Rod provided overview of needing three consecutive months of performance metrics filings, staff review, and expectation of commission ruling by mid-year with Amy adding thanks to staff.

Q: Inquired about IRS private letter ruling and its implications.

A: Rob said they engaged with IRS, rulings typically take 6 - 9 months, asking about tax implications of redomiciling.

Q: Nelson Nguyen asked about Calpico power supply plans and CapEx.

A: Rob said launching competitive search for new energy partners, filing with CPUC, formal bidding in summer, preferred selection in winter 26 - 27; CapEx in Q1 was $88 million, seasonal/timing related to full year $800 million plan.