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Algonquin Power & Utilities Corp (AQN.TO)

AQN.TO on Toronto Stock Exchange

15.79CAD
24 May 2019
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Latest Key Developments (Source: Significant Developments)

Atlantica Reports First Quarter 2019 Financial Results
Friday, 10 May 2019 

May 10 (Reuters) - Atlantica Yield Plc ::ATLANTICA REPORTS FIRST QUARTER 2019 FINANCIAL RESULTS.Q1 REVENUE ROSE 4.1 PERCENT TO $221.5 MILLION.QUARTERLY DIVIDEND OF $0.39 PER SHARE DECLARED BY BOARD OF DIRECTORS.QTRLY DILUTED LOSS PER SHARE ATTRIBUTABLE TO ATLANTICA YIELD PLC $0.09.SIGNED AGREEMENT TO ACQUIRE A 30% STAKE IN "MONTERREY", A 142 MW GAS-FIRED ENGINE FACILITY IN OPERATION IN MEXICO.Q1 EARNINGS PER SHARE VIEW $-0.09, REVENUE VIEW $233.0 MILLION -- REFINITIV IBES DATA.INVESTMENT TOTALS APPROXIMATELY $42 MILLION IN EQUITY VALUE.CASH AVAILABLE FOR DISTRIBUTION ("CAFD") INCREASED 4.9% TO $45.1 MILLION IN Q1 OF 2019, ON TRACK TO MEET ANNUAL GUIDANCE..ATLANTICA ALSO ENTERED INTO A ROFO AGREEMENT WITH SELLER FOR REMAINING 70% STAKE IN MEXICO ASSET.ATLANTICA YIELD - HAS A RIGHT TO ACQUIRE STAKES OR MAKE INVESTMENTS IN TWO ALGONQUIN ASSETS IN US FOR A TOTAL EQUITY VALUE UP TO $100 MILLION.ON MAY 9, SIGNED NEW ENHANCED COLLABORATION AGREEMENT WITH ALGONQUIN.PART OF INVESTMENT IN CO'S SHARES WILL BE DONE BY ALGONQUIN SUBSCRIBING FOR $30 MILLION IN NEW SHARES AT $21.67 PER SHARE.CO, ALGONQUIN HAVE AGREED TO ANALYZE JOINTLY DURING NEXT SIX MONTHS ALGONQUIN'S CONTRACTED ASSETS PORTFOLIO IN US AND CANADA.  Full Article

Algonquin Power & Utilities Corp Announced 10% Dividend Increase
Friday, 10 May 2019 

May 9 (Reuters) - Algonquin Power & Utilities Corp ::ALGONQUIN POWER & UTILITIES CORP. ANNOUNCED 10% DIVIDEND INCREASE AND DECLARES SECOND QUARTER 2019 COMMON SHARE DIVIDEND OF U.S. $0.1410 (C$0.1899).ALGONQUIN POWER & UTILITIES CORP - APPROVED A DIVIDEND INCREASE OF U.S. $0.0512 ANNUALLY PER COMMON SHARE.ALGONQUIN POWER & UTILITIES CORP - NEW DIVIDEND OF U.S. $0.5640 PER COMMON SHARE.  Full Article

Algonquin Power & Utilities Corp Qtrly Earnings Of $0.17 Per Share
Thursday, 2 May 2019 

May 9 (Reuters) - Algonquin Power & Utilities Corp ::. ANNOUNCES 2019 FIRST QUARTER FINANCIAL RESULTS.QTRLY REVENUE OF $477.2 MILLION COMPARED TO $494.8 MILLION IN 2018.QTRLY EARNINGS OF $0.17 PER SHARE.QTRLY ADJUSTED NET EARNINGS PER SHARE OF $0.19.  Full Article

Algonquin Power & Utilities Corp Announces 2018 Fourth Quarter And Full Year Financial Results
Friday, 1 Mar 2019 

Feb 28 (Reuters) - Algonquin Power & Utilities Corp ::. ANNOUNCES 2018 FOURTH QUARTER AND FULL YEAR FINANCIAL RESULTS.QTRLY REVENUE $419.9 MILLION, AN INCREASE OF 3%.QTRLY ADJUSTED EARNINGS PER SHARE $0.14.QTRLY EARNINGS PER SHARE $0.09.Q4 EARNINGS PER SHARE VIEW $0.12 -- REFINITIV IBES DATA.Q4 REVENUE VIEW $443.7 MILLION -- REFINITIV IBES DATA.  Full Article

Apex Clean Energy Announces Sale Of 202 MW Sugar Creek Wind
Friday, 21 Dec 2018 

Algonquin Power & Utilities Corp ::APEX CLEAN ENERGY ANNOUNCES SALE OF 202 MW SUGAR CREEK WIND.APEX CLEAN ENERGY - ANNOUNCED SALE OF THE 202 MW PROJECT, SUGAR CREEK WIND, TO A WHOLLY OWNED UNIT OF ALGONQUIN POWER & UTILITIES.  Full Article

Algonquin Power & Utilities Corp Files For Mixed Shelf Of Up To $3 Bln
Saturday, 8 Sep 2018 

Sept 7 (Reuters) - Algonquin Power & Utilities Corp ::ALGONQUIN POWER & UTILITIES CORP FILES FOR MIXED SHELF OF UP TO $3 BILLION – SEC FILING.  Full Article

Abengoa Says Working To Close Sale Of 25 Pct Of Atlantica Yield In Coming Days
Monday, 5 Mar 2018 

March 5 (Reuters) - Abengoa SA ::SAYS ALL CONDITIONS FOR SALE OF 25 PERCENT OF ATLANTICA YIELD HAVE BEEN SATISFIED OR WAIVED.SAYS THE PARTIES ARE WORKING TO CLOSE THE TRANSACTION IN THE FOLLOWING DAYS.  Full Article

Algonquin Power & Utilities Qtrly Adjusted Earnings Per Share $0.20
Friday, 2 Mar 2018 

March 1 (Reuters) - Algonquin Power & Utilities Corp ::ANNOUNCES 2017 FOURTH QUARTER AND YEAR END FINANCIAL RESULTS.QTRLY ADJUSTED EARNINGS PER SHARE $0.20; QTRLY EARNINGS PER SHARE $0.14 ‍​.QTRLY REVENUE $523.4 MILLION VERSUS $310.2‍​ MILLION.  Full Article

Algonquin Power & Utilities Corp Q3 earnings per share $0.15
Wednesday, 15 Nov 2017 

Nov 14 (Reuters) - Algonquin Power & Utilities Corp :Algonquin Power & Utilities Corp. announces 2017 third quarter and year to date financial results.Algonquin Power & Utilities Corp - qtrly ‍adjusted net earnings per share $0.16​.Algonquin Power & Utilities Corp - qtrly earnings per share $0.15.Algonquin Power & Utilities Corp - qtrly ‍revenue $443.3 million versus $221.3​ million.Q3 earnings per share view c$0.12 -- Thomson Reuters I/B/E/S.Q3 revenue view C$508.4 million -- Thomson Reuters I/B/E/S.  Full Article

Abengoa to sell 25 pct of Atlantica Yield with capital gain of about 96 mln euros
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - ABENGOA SA ::SAID ON WEDNESDAY IT HAD ENTERED INTO A DEAL WITH ALGONQUIN POWER & UTILITIES CORP FOR THE SALE OF A 25 PERCENT STAKE IN ATLANTICA YIELD (AY).THE AGREED PURCHASE PRICE OF $24.25 PER SHARE IS SUBJECT TO CERTAIN DEDUCTIONS INCLUDED IN THE AGREEMENT AS WELL AS TRANSACTION COSTS.THE CAPITAL GAIN WILL BE EFFECTIVE UPON CLOSING THE TRANSACTION, WITH AN ESTIMATED AMOUNT OF ABOUT 96 MILLION EUROS.THE PARTIES ALSO AGREED AN EARN-OUT MECHANISM BY WHICH ABENGOA WILL BENEFIT FROM 30 PERCENT OF THE FIRST $2.00 OF ATLANTICA YIELD'S SHARE PRICE REVALUATION, IMPLYING A MAXIMUM ADDITIONAL AMOUNT OF $0.60 PER SHARE.THE EARN-OUT STRUCTURE WILL BE TRIGGERED ON THE FIRST ANNIVERSARY OF THE CLOSING OF THE TRANSACTION.ABENGOA ALSO GRANTED THE PURCHASER AN OPTION TO ACQUIRE THE REMAINING 16.5 PERCENT OF THE COMPANY'S STAKE IN AY UNDER THE SAME CONDITIONS AND AT THE SAME PRICE AND A RIGHT OF FIRST REFUSAL TO BE EXERCISED DURING THE FIRST QUARTER OF 2018.ABENGOA AND ALGONQUIN ENTERED INTO A MEMORANDUM OF UNDERSTANDING TO JOINTLY INCORPORATE A GLOBAL UTILITY INFRASTRUCTURE COMPANY .  Full Article