Algonquin Power & Utilities Corp. (T:AQN)
Business Focus: Multiline Utilities
| Sector: Utilities | Industry: Multiline Utilities |
| Company Contact | |
| Address: | 354 Davis Road OAKVILLE ON L6J 2X1 |
| Tel: | 1-905-4654500 |
| Website: | https://algonquinpower.com |
| IR: | See website |
| Key People | ||
| Arun Banskota President, Chief Executive Officer, Director | Darren Myers Chief Financial Officer | Anthony Johnston Chief Operating Officer |
| Kirsten Olsen Chief Human Resource Officer | Helen Bremner Executive Vice President | Colin Penny Executive Vice President - Information Technology and Digital Transformation |
| Mary Ellen Paravalos Chief Compliance and Risk Officer | Jefferey Norman Chief Development Officer | Jennifer Tindale Corporate Secretary, Chief Legal Officer |
| Business Overview |
| Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Algonquin Power & Utilities Corp revenues decreased 2% to $2.7B. Net income applicable to common stockholders totaled $20.3M vs. loss of $220.7M. Revenues reflect Renewable Energy Group segment decrease of 13% to $329.7M, Regulated Services Group segment decrease of 1% to $2.37B, Corporate segment decrease of 4% to $1.4M, United States segment decrease of 3% to $2.17B. |
| Employees: | 3,946 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $17,691M as of Dec 31, 2023 |
| Annual revenue (TTM): | $3,696M as of Dec 31, 2023 |
| EBITDA (TTM): | $1,322M as of Dec 31, 2023 |
| Net annual income (TTM): | $27.84M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$998.68M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $11,590M as of Dec 31, 2023 |
| Shares outstanding: | 689,345,468 as of Mar 1, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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