Algonquin Power reports 2024 Annual Results

Algonquin Power & Utilities Corp., a diversified utility company, has filed its 2024 Annual Report with the United States Securities and Exchange Commission (SEC). The Ontario-based company, listed on the New York Stock Exchange under the ticker (NYSE:AQN), confirmed the submission on Wednesday, adhering to the rules for foreign private issuers.

In its SEC Form 6-K filing, dated April 9, 2025, Algonquin Power presented its financial and operational results for the fiscal year ended December 31, 2024. The report provides shareholders and potential investors with a comprehensive overview of the company's performance over the past year. InvestingPro analysis indicates the company maintains a WEAK financial health score of 1.73, with the stock showing a year-to-date return of 3.77%.

Algonquin Power operates within the Electric Services sector, under the organization name 01 Energy & Transportation. The company, incorporated under the jurisdiction code A6, has its principal executive offices located at 354 Davis Road, Oakville, Ontario, Canada.

The annual report is a key document that outlines Algonquin Power's financial health and strategic direction. It includes detailed information on the company's earnings, expenses, assets, and liabilities, as well as insights into its operational activities and future plans. This information is essential for investors making informed decisions regarding their investments in the company.

The filing indicates that Algonquin Power will continue to file annual reports under cover of Form 40-F, which is a requirement for Canadian companies listed on U.S. exchanges. The company has not opted to submit the Form 6-K in paper, suggesting a commitment to electronic filing in line with modern regulatory practices.

Brian Chin, the Interim Chief Financial Officer and Vice President of Investor Relations, signed the report on behalf of Algonquin Power & Utilities Corp. The company's adherence to SEC filing requirements demonstrates its dedication to transparency and regulatory compliance.

This SEC filing provides investors with the latest verified information on Algonquin Power's financial status and operational achievements, based on the company's own statements.

In other recent news, Algonquin Power & Utilities Corp. reported its Q4 2024 financial results, revealing a notable shortfall in both earnings per share (EPS) and revenue compared to expectations. The company posted an EPS of $0.06, missing the forecasted $0.09, while revenue reached $584.8 million, falling short of the anticipated $643.7 million. This reflects ongoing challenges as the company transitions to a pure-play regulated utility model. In a strategic move, Algonquin Power & Utilities Corp. has appointed its CEO, Rod West, to its Board of Directors, alongside plans to add Gavin Molinelli from Starboard Value LP, pending regulatory approval. These appointments are part of a broader strategic alignment with Starboard, which holds approximately 8.66% of Algonquin's shares, aimed at enhancing shareholder value. Furthermore, the company has completed the sale of its renewables business, as well as its stake in Atlantica, marking significant milestones in its transition strategy. In analyst updates, Rod West, the new CEO, is expected to outline future strategies within the next 90 days, focusing on operational efficiency and cost management. The company continues to face regulatory challenges, particularly in Missouri, which could impact future growth.

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