Algonquin Power Forecasts Adjusted EPS of $0.30-$0.32 For 2025, $0.35-$0.37 For 2026, $0.42–$0.46 For 2027

Author: Benzinga Newsdesk | June 03, 2025 05:38am

Algonquin Power & Utilities Corp. ("AQN", "Algonquin" or the "Company") (TSX:AQN) (NYSE:AQN) today announced its "Back to Basics" utility customer-centric capital plan focused on improving customer experience, driving operational efficiencies, and achieving constructive regulatory outcomes. As part of that plan, the Company released its financial outlook for 2025 through 2027.

Algonquin will evaluate key decisions in the context of its commitments to its four key stakeholders:

• First and foremost, delivering outcomes and experiences to customers in the moments that matter to them;
• Investing in the communities we serve to foster economic growth. We do well when our communities do well;
• Becoming an employer of choice to sustain a motivated workforce; and
• Delivering steady predictable returns for investors through focused utility execution and capital discipline.

"Algonquin possesses the foundational elements of a premier pure-play utility, and the opportunity to create meaningful value is what drew me to the Company," said Rod West, Chief Executive Officer of AQN. "While I am pleased with the progress underway, I am resolute in sharpening the Company's ability to excel at the basics. The plan for the future is shaped around intertwining operational excellence and stakeholder engagement in the DNA of the Company to achieve better outcomes for all stakeholders. With a renewed stakeholder-centric focus we have a promising path forward, and I am confident in our ability to provide superior service for all customers, achieve constructive regulatory outcomes and deliver attractive financial results for our shareholders."

Highlights from the Company's forward-looking outlook include:1

• Earned return on equity ("Earned ROE") (see "Other" below) expected to improve by approximately 300bps2 to approximately 8.5% by 2027;
• Operating expenses as a percent of revenue expected to improve by 5-7% by the end of 2027;
• Estimated Adjusted Net Earnings per share (see "Non-GAAP Measures" below) within a range of $0.30 - $0.32 for 2025,$0.35 - $0.37 for 2026, and$0.42 - $0.46 for 2027;
• Focused on organic capital investment, utility capital expenditures of approximately $2.5 billion expected for 2025 - 2027;
• No need for equity issuance expected through 2027; and
• Expected to maintain BBB investment grade ratings.

Posted In: AQN TSX:AQN