Algonquin Power & Utilities Corp. (AQN) Financial Statements

Income statement

Metric	TTM	2025	2024	2023	2022
Revenue
Total Revenue	2.5B	2.4B	2.3B	2.4B	2.8B
Cost of Revenue	702.7M	639.8M	594.3M	743.5M	866.4M
Gross Profit	1.8B	1.8B	1.7B	1.7B	1.9B
Operating Expenses
R&D Expense	—	—	—	—	—
SG&A Expense	218.4M	—	—	90.4M	80.2M
General & Admin Expense	218.4M	—	—	90.4M	80.2M
Selling & Marketing Expense	—	—	—	—	—
Other Expenses	1.1B	1.3B	1.3B	1.1B	1.4B
Total Operating Expenses	1.3B	1.3B	1.3B	1.2B	1.5B
Cost and Expenses	2.0B	1.9B	1.9B	1.9B	2.4B
Operating Income (EBIT)	528.2M	523.1M	446.1M	467.3M	402.0M
Non-Operating
Interest Income	42.0M	44.8M	4.9M	28.7M	22.5M
Interest Expense	331.9M	315.7M	346.1M	328.1M	293.7M
Net Interest Income	(290.0M)	(270.9M)	(341.2M)	(299.4M)	(271.3M)
Other Non-Op Income/Expense	(332.7M)	(312.1M)	(268.9M)	(529.4M)	(771.7M)
Non-Operating Income (excl Interest)	(1.2M)	(3.6M)	(120.4M)	201.3M	478.0M
EBT (Pre-Tax Income)	195.5M	211.0M	177.2M	(62.1M)	(369.7M)
Income Tax Expense	69.6M	65.0M	186.8M	(37.1M)	(61.5M)
Bottom Line
Net Income	149.7M	180.8M	(1.4B)	28.7M	(212.0M)
Earnings from Cont. Ops	125.9M	146.0M	(9.6M)	(25.1M)	(308.2M)
Earnings from Discont. Ops	(49.2M)	(37.7M)	(1.5B)	(8.2M)	—
Bottom Line Net Income	139.2M	170.3M	(1.4B)	20.3M	(220.7M)
Per Share
Basic EPS	$0.18	$0.23	($1.81)	$0.03	($0.49)
Diluted EPS	$0.18	$0.23	($1.81)	$0.03	($0.49)
Revenue Per Share	$3.31	$3.17	$3.17	$3.49	$4.40
Shares
Basic Shares Outstanding	769.7M	768.1M	731.7M	688.7M	628.9M
Diluted Shares Outstanding	772.9M	772.4M	731.7M	690.8M	628.9M
Profitability Metrics
EBITDA	941.6M	927.0M	1.0B	733.0M	379.6M
D&A	412.2M	400.3M	476.7M	467.0M	455.5M
EBIT	529.4M	526.7M	566.5M	266.0M	(75.9M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026