(AQN) Algonquin Power & Utilities - Overview
Sector: Utilities | Industry: Utilities - Diversified | Exchange: NYSE (USA) | Market Cap: 4.595m USD | Total Return: 12.5% in 12m
Avg Turnover: 21.0M
EPS Trend: -96.2%
Qual. Beats: 1
Rev. Trend: -67.2%
Qual. Beats: 0
Warnings
High Debt/EBITDA (6.9) with thin interest coverage (1.6)
High Debt while negative Cash Flow
Altman Z'' 0.13 < 1.0 - financial distress zone
Choppy
Tailwinds
No distinct edge detected
Algonquin Power & Utilities Corp. (AQN) is a diversified utility provider headquartered in Oakville, Canada. The company manages a portfolio of regulated electric, water, and natural gas systems across the United States, Canada, Bermuda, and Chile. As of late 2025, the firm serves approximately 1.27 million customer connections, with its largest customer segments located in the water and wastewater sectors.
The company operates under a regulated utility business model, which typically provides stable, predictable cash flows through government-approved rate structures. In addition to distribution, AQN maintains a power generation portfolio with a gross capacity of approximately 2.0 GW, including 14 hydroelectric facilities in Canada. This integration of generation and transmission assets is characteristic of the multi-utility sector, which often seeks to mitigate risk through geographic and service-type diversification.
For a deeper look into these financial metrics, you may find it useful to explore the data on ValueRay. The firm’s operations span several U.S. states, including Missouri, New Hampshire, and California, where it manages critical infrastructure for electricity and natural gas distribution.
- Divestiture of renewable energy business shifts focus to pure-play regulated utility operations
- Regulatory rate case approvals drive revenue growth across multi-national utility jurisdictions
- High debt levels increase sensitivity to interest rate fluctuations and credit ratings
- Capital expenditure programs for infrastructure modernization impact long-term rate base expansion
- Operational performance in water and gas segments stabilizes predictable cash flow generation
| Net Income: 169.0m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.01 > 0.02 and ΔFCF/TA 2.50 > 1.0 |
| NWC/Revenue: 2.09% < 20% (prev 6.40%; Δ -4.31% < -1%) |
| CFO/TA 0.04 > 3% & CFO 579.4m > Net Income 169.0m |
| Net Debt (6.65b) to EBITDA (958.4m): 6.94 < 3 |
| Current Ratio: 1.05 > 1.5 & < 3 |
| Outstanding Shares: last quarter (772.9m) vs 12m ago 0.30% < -2% |
| Gross Margin: 58.73% > 18% (prev 0.65%; Δ 5.81k% > 0.5%) |
| Asset Turnover: 18.12% > 50% (prev 17.31%; Δ 0.80% > 0%) |
| Interest Coverage Ratio: 1.64 > 6 (EBITDA TTM 958.4m / Interest Expense TTM 334.2m) |
| A: 0.00 (Total Current Assets 1.17b - Total Current Liabilities 1.12b) / Total Assets 14.1b |
| B: -0.21 (Retained Earnings -2.94b / Total Assets 14.1b) |
| C: 0.04 (EBIT TTM 546.7m / Avg Total Assets 13.9b) |
| D: 0.50 (Book Value of Equity 4.51b / Total Liabilities 9.04b) |
| Altman-Z'' = 0.13 = B |
| DSRI: 0.90 (Receivables 499.6m/523.0m, Revenue 2.51b/2.37b) |
| GMI: 1.11 (GM 58.73% / 65.31%) |
| AQI: 1.01 (AQ_t 0.22 / AQ_t-1 0.22) |
| SGI: 1.06 (Revenue 2.51b / 2.37b) |
| TATA: -0.03 (NI 169.0m - CFO 579.4m) / TA 14.1b) |
| Beneish M = -2.99 (Cap -4..+1) = A |
As of May 25, 2026, the stock is trading at USD 5.97 with a total of 4,039,935 shares traded.
Over the past week, the price has changed by +3.83%,
over one month by -5.84%,
over three months by -11.27% and
over the past year by +12.46%.
Algonquin Power & Utilities has received a consensus analysts rating of 3.08. Therefore, it is recommended to hold AQN.
- StrongBuy: 0
- Buy: 1
- Hold: 11
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 6.8 | 13.9% |
P/E Trailing = 22.9615
P/E Forward = 16.6667
P/S = 1.8136
P/B = 1.0274
Revenue TTM = 2.51b USD
EBIT TTM = 546.7m USD
EBITDA TTM = 958.4m USD
Long Term Debt = 6.14b USD (from longTermDebt, last quarter)
Short Term Debt = 544.3m USD (from shortTermDebt, last quarter)
Debt = 6.71b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 6.65b USD (calculated: Debt 6.71b - CCE 55.7m)
Enterprise Value = 11.2b USD (4.59b + Debt 6.71b - CCE 55.7m)
Interest Coverage Ratio = 1.64 (Ebit TTM 546.7m / Interest Expense TTM 334.2m)
EV/FCF = -102.0x (Enterprise Value 11.2b / FCF TTM -110.2m)
FCF Yield = -0.98% (FCF TTM -110.2m / Enterprise Value 11.2b)
FCF Margin = -4.38% (FCF TTM -110.2m / Revenue TTM 2.51b)
Net Margin = 6.72% (Net Income TTM 169.0m / Revenue TTM 2.51b)
Gross Margin = 58.73% ((Revenue TTM 2.51b - Cost of Revenue TTM 1.04b) / Revenue TTM)
Gross Margin QoQ = 22.03% (prev 70.84%)
Tobins Q-Ratio = 0.80 (Enterprise Value 11.2b / Total Assets 14.1b)
Interest Expense / Debt = 4.98% (Interest Expense 334.2m / Debt 6.71b)
Taxrate = 29.88% (28.4m / 95.1m)
NOPAT = 383.4m (EBIT 546.7m * (1 - 29.88%))
Current Ratio = 1.05 (Total Current Assets 1.17b / Total Current Liabilities 1.12b)
Debt / Equity = 1.44 (Debt 6.71b / totalStockholderEquity, last quarter 4.67b)
Debt / EBITDA = 6.94 (Net Debt 6.65b / EBITDA 958.4m)
Debt / FCF = -60.34 (negative FCF - burning cash) (Net Debt 6.65b / FCF TTM -110.2m)
Total Stockholder Equity = 4.66b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.22% (Net Income 169.0m / Total Assets 14.1b)
RoE = 2.23% (Net Income TTM 169.0m / Total Stockholder Equity 7.59b)
RoCE = 3.98% (EBIT 546.7m / Capital Employed (Equity 7.59b + L.T.Debt 6.14b))
RoIC = 2.84% (NOPAT 383.4m / Invested Capital 13.5b)
WACC = 4.68% (E(4.59b)/V(11.3b) * Re(6.41%) + D(6.71b)/V(11.3b) * Rd(4.98%) * (1-Tc(0.30)))
Discount Rate = 6.41% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: 67.42 | Cagr: 4.67%
[DCF] Fair Price = unknown (Cash Flow -110.2m)
EPS Correlation: -96.20 | EPS CAGR: -22.34% | SUE: 0.87 | # QB: 1
Revenue Correlation: -67.15 | Revenue CAGR: -4.40% | SUE: 0.57 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.05 | Chg30d=-8.52% | Revisions=-43% | Analysts=10
EPS next Quarter (2026-09-30): EPS=0.09 | Chg30d=-8.36% | Revisions=+11% | Analysts=10
EPS current Year (2026-12-31): EPS=0.36 | Chg30d=-1.05% | Revisions=-11% | GrowthEPS=+5.5% | GrowthRev=+6.5%
EPS next Year (2027-12-31): EPS=0.40 | Chg30d=-0.44% | Revisions=-14% | GrowthEPS=+12.2% | GrowthRev=+4.8%
[Analyst] Revisions Ratio: -43%