NYSE · Utilities

Algonquin Power & Utilities Corp. (AQN)

Algonquin Power & Utilities Corp. reported revenue of $2.4B in fiscal 2025, up 4.9% from a year earlier. Net income was $180.8M, a net margin of 7.4%. In fiscal 2025 capital spending exceeded operating cash flow by $178.3M. At December 31, 2025 it held $32.7M in cash against $6.5B of debt. Its latest periodic report to the SEC is the annual report (Canadian issuer) (40-F) filed on March 6, 2026.

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Price

$5.01

+0.20% on the day · September 28, 2026

52-week range $4.96 to $7.11

Market cap

$3.9B

Revenue (FY2025)

$2.4B

+4.9% year on year

Net margin

7.4%

What Algonquin Power & Utilities Corp. does

Algonquin Power & Utilities Corp. is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NYSE under the ticker AQN.

Revenue and profit by year

Revenue

Net income

Fiscal years as reported in annual reports. Amounts in USD.

Key figures

Fiscal year	Revenue	Operating income	Net income	Diluted EPS	Free cash flow
2025	$2.4B	$504.7M	$180.8M	$0.22	-$178.3M
2024	$2.3B	$446.1M	-$1.4B	-$1.90	-$390.7M
2023	$2.4B	$467.3M	$28.7M	$0.03	-$398.1M
2022	$2.8B	$402M	-$212M	-$0.33	-$469.9M
2021	$2.3B	$413.1M	$264.9M	$0.41	-$1.2B
2020	$1.7B	$384M	$782.5M	$1.37	-$280.8M

Full financial statements: income, balance sheet and cash flow

Where AQN ranks in Utilities

Revenue$2.4B

#58 of 125 in Utilities · Top 46%

Revenue growth+4.9%

#93 of 132 in Utilities · Bottom 30%

Net margin7.4%

#90 of 132 in Utilities · Bottom 32%

Free cash flow margin-7.3%

#69 of 107 in Utilities · Bottom 36%

Latest fiscal year of every company in the sector with the figure reported. Revenue is ranked among companies reporting in US dollars; growth and margins among companies with at least 10 million of revenue. Utilities

Dividends

Algonquin Power & Utilities Corp. declared $0.26 per share in fiscal 2025. It paid out $201.3M in cash dividends, 111% of its net income.

Fiscal year	Per share	Paid out	Of profit
2025	$0.26	$201.3M	111%
2024	$0.35	$285.1M	n/a
2023	$0.43	$322.5M	1,125%
2022	$0.71	$378.6M	n/a
2021	$0.67	$307.1M	116%
2020	$0.61	$253.8M	32%

Per share as declared (or paid, where only that is reported), adjusted for stock splits the company itself restated. Yield is the latest fiscal year's dividend over the current price.

Latest SEC filings

What Algonquin Power & Utilities Corp. has filed recently, newest first. Each links to the original document on SEC EDGAR.

August 28, 2026
Foreign issuer update 6-K
August 7, 2026
Foreign issuer update 6-K
August 6, 2026
Passive stake (5% or more) SCHEDULE 13G
July 31, 2026
Foreign issuer update 6-K
June 30, 2026
Employee stock plan registration S-8
June 29, 2026
Foreign issuer update 6-K
May 20, 2026
Foreign issuer update 6-K
May 13, 2026
Foreign issuer update 6-K
May 8, 2026
Foreign issuer update 6-K
April 29, 2026
Passive stake changed SCHEDULE 13G/A

Recent insider filings (Forms 3, 4 and 144): 2, the latest on March 30, 2026. Insider transactions on SEC

Insider trades

What the people running Algonquin Power & Utilities Corp. did with its shares, from the Form 4 filings they must send the SEC within two business days.

No insider trades were reported in the last 90 days.

Bought (open market)

last 90 days

Sold

last 90 days

All insider filings on SEC.gov · Where insiders are buying across the market

Who owns AQN

Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.

5% holders

Anyone who owns more than 5% of a class of shares must say so on Schedule 13D (if they may seek to influence the company) or 13G (a passive holder). The latest filing of each holder is shown: 13G filings of the last 2 years, 13D of the last 3.

Holder	Of class	Shares	Filed
EdgePoint Investment Group Inc.13G, passive	10.64%	81,727,385	January 8, 2026
Starboard Value LP13D, may seek influence with 18 related filers	7.4%	57,215,415	April 1, 2026
FIL Limited13G, passive with 2 related filers	5.1%	39,334,903	August 6, 2026

Largest institutional holders

No Form 13F positions imported for this company yet.

Insiders

Reported holdings of insiders who filed a Form 4 in the last 12 months: the shares each one held after their latest reported transaction. This is not the total held by all insiders.

No insider reported holdings on a Form 4 in the last 12 months.

Schedule 13D/13G filings on SEC.gov

All filings on SEC EDGAR

Questions about AQN

What does Algonquin Power & Utilities Corp. do?

Algonquin Power & Utilities Corp. is registered with the SEC under industry code SIC 4911 (Electric Services). Its shares trade on NYSE under the ticker AQN.

Is Algonquin Power & Utilities Corp. profitable?

Yes. In fiscal 2025 it reported net income of $180.8M on revenue of $2.4B, a net margin of 7.4%.

How much revenue does Algonquin Power & Utilities Corp. make?

In fiscal 2025 Algonquin Power & Utilities Corp. reported revenue of $2.4B. That is 4.9% more than a year earlier.

When did Algonquin Power & Utilities Corp. last report?

Its most recent periodic report is the annual report (Canadian issuer) (40-F) filed on March 6, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from August 28, 2026.

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Where the numbers come from

Financial figures are the values Algonquin Power & Utilities Corp. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.

Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.