Latest news with #AQN
Business Wire
a day ago
- Business
- Business Wire
Algonquin Power & Utilities Corp. Names Noel Black Chief Regulatory and External Affairs Officer
OAKVILLE, Ontario--(BUSINESS WIRE)--Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ('AQN', 'Algonquin' or the 'Company') today announced the appointment of Noel Black as Chief Regulatory and External Affairs Officer, effective June 30. In this newly created role, Mr. Black will lead the Company's regulatory strategy, government and stakeholder relations, and external communications functions. Reporting directly to the Chief Executive Officer, he will drive enterprise strategy and alignment, working closely with regulatory commissions, policymakers, community leaders, and other external stakeholders, to advance Algonquin's pure-play utility objectives. 'Noel brings a rare combination of regulatory fluency, public affairs acumen, and deep stakeholder engagement experience,' said Rod West, Chief Executive Officer of AQN. 'This appointment reflects our commitment to align our stakeholders around Algonquin's customer-first pure-play utility value proposition. Noel has built a distinguished career leading regulatory strategy, customer engagement, and utilities operations, and his expertise will help us better align our services with the needs of our customers, communities, and regulators. Noel's collaborative approach and proven track record of delivering constructive regulatory outcomes will be instrumental as we advance our 'Back to Basics' customer-centric plan—seeking to deliver safe, reliable, and affordable energy and water, while creating customer value and driving performance, innovation, and trust across our four key stakeholder groups.' Mr. Black's experience spans over three decades at Southern Company (NYSE:SO), one of the largest U.S. utilities serving over nine million customers, where he most recently served as Senior Vice President of Federal Regulatory Affairs. Throughout his career at Southern Company and its affiliates, Mr. Black served in a wide range of leadership roles across regulatory policy, governmental affairs, and strategic planning, successfully navigating complex regulatory matters at the federal and state levels, driving forward-looking retail strategies, and building trusted relationships with policymakers, communities, and customers. His deep expertise will directly support the work of AQN's operating utilities. About Algonquin Power & Utilities Corp. and Liberty Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at and follow us on @AQN_Utilities. Caution Regarding Forward-Looking Information Certain statements included in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements'). The words 'will', 'expects', 'plans", and 'seeks' (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding the expected impact and outcomes of Noel Black's hiring as Chief Regulatory and External Affairs Officer and the Company's 'Back to Basics' customer-centric plan. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and/or cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2024, and management discussion & analysis for the three months ended March 31, 2025, each of which is or will be available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise.
Yahoo
a day ago
- Business
- Yahoo
Algonquin Power & Utilities Corp. Names Noel Black Chief Regulatory and External Affairs Officer
OAKVILLE, Ontario, June 09, 2025--(BUSINESS WIRE)--Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN", "Algonquin" or the "Company") today announced the appointment of Noel Black as Chief Regulatory and External Affairs Officer, effective June 30. In this newly created role, Mr. Black will lead the Company's regulatory strategy, government and stakeholder relations, and external communications functions. Reporting directly to the Chief Executive Officer, he will drive enterprise strategy and alignment, working closely with regulatory commissions, policymakers, community leaders, and other external stakeholders, to advance Algonquin's pure-play utility objectives. "Noel brings a rare combination of regulatory fluency, public affairs acumen, and deep stakeholder engagement experience," said Rod West, Chief Executive Officer of AQN. "This appointment reflects our commitment to align our stakeholders around Algonquin's customer-first pure-play utility value proposition. Noel has built a distinguished career leading regulatory strategy, customer engagement, and utilities operations, and his expertise will help us better align our services with the needs of our customers, communities, and regulators. Noel's collaborative approach and proven track record of delivering constructive regulatory outcomes will be instrumental as we advance our 'Back to Basics' customer-centric plan—seeking to deliver safe, reliable, and affordable energy and water, while creating customer value and driving performance, innovation, and trust across our four key stakeholder groups." Mr. Black's experience spans over three decades at Southern Company (NYSE:SO), one of the largest U.S. utilities serving over nine million customers, where he most recently served as Senior Vice President of Federal Regulatory Affairs. Throughout his career at Southern Company and its affiliates, Mr. Black served in a wide range of leadership roles across regulatory policy, governmental affairs, and strategic planning, successfully navigating complex regulatory matters at the federal and state levels, driving forward-looking retail strategies, and building trusted relationships with policymakers, communities, and customers. His deep expertise will directly support the work of AQN's operating utilities. About Algonquin Power & Utilities Corp. and Liberty Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at and follow us on @AQN_Utilities. Caution Regarding Forward-Looking Information Certain statements included in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements"). The words "will", "expects", "plans", and "seeks" (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding the expected impact and outcomes of Noel Black's hiring as Chief Regulatory and External Affairs Officer and the Company's 'Back to Basics' customer-centric plan. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and/or cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2024, and management discussion & analysis for the three months ended March 31, 2025, each of which is or will be available on SEDAR+ and EDGAR. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. View source version on Contacts Investor Inquiries: Alison HolditchManager, Investor RelationsAlgonquin Power & Utilities Corp.E-mail: InvestorRelations@ Telephone: (905) 465-4500 Media Inquiries: Stephanie BoseSenior Director, Corporate CommunicationsAlgonquin Power & Utilities Corp.E-mail: Telephone: (905) 465-4500
Yahoo
5 days ago
- Business
- Yahoo
Is Algonquin Power & Utilities (AQN) Outperforming Other Utilities Stocks This Year?
Investors interested in Utilities stocks should always be looking to find the best-performing companies in the group. Is Algonquin Power & Utilities (AQN) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. Algonquin Power & Utilities is a member of the Utilities sector. This group includes 106 individual stocks and currently holds a Zacks Sector Rank of #2. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Algonquin Power & Utilities is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for AQN's full-year earnings has moved 1.1% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Our latest available data shows that AQN has returned about 33% since the start of the calendar year. Meanwhile, the Utilities sector has returned an average of 6.9% on a year-to-date basis. This means that Algonquin Power & Utilities is outperforming the sector as a whole this year. MYR Group (MYRG) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 7.7%. In MYR Group's case, the consensus EPS estimate for the current year increased 17.2% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Algonquin Power & Utilities belongs to the Utility - Electric Power industry, a group that includes 60 individual companies and currently sits at #68 in the Zacks Industry Rank. On average, this group has gained an average of 7% so far this year, meaning that AQN is performing better in terms of year-to-date returns. On the other hand, MYR Group belongs to the Electric Construction industry. This 1-stock industry is currently ranked #3. The industry has moved +7.7% year to date. Investors with an interest in Utilities stocks should continue to track Algonquin Power & Utilities and MYR Group. These stocks will be looking to continue their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Algonquin Power & Utilities Corp. (AQN) : Free Stock Analysis Report MYR Group, Inc. (MYRG) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Business Wire
7 days ago
- Business
- Business Wire
Algonquin Power & Utilities Corp. Holds Annual Meeting of Shareholders and Announces Election of Board of Directors
OAKVILLE, Ontario--(BUSINESS WIRE)--Algonquin Power & Utilities Corp. ('AQN' or the 'Company') (TSX/NYSE: AQN) today held an annual meeting of common shareholders. At the meeting, each of the following 11 nominees listed in the Company's management information circular dated April 24, 2025 were elected as directors of AQN pursuant to a vote by ballot: Nominee Votes For % For Votes Against % Against Brett Carter 445,237,184 96.47 16,311,561 3.53 Amee Chande 459,368,238 99.53 2,181,565 0.47 Daniel Goldberg 426,493,805 92.40 35,054,939 7.60 Christopher Huskilson 459,454,425 99.55 2,094,321 0.45 D. Randall Laney 457,935,246 99.22 3,613,500 0.78 David Levenson 452,740,056 98.09 8,808,689 1.91 Christopher Lopez 459,366,229 99.53 2,182,520 0.47 Gavin Molinelli 458,963,565 99.44 2,585,180 0.56 Dilek Samil 458,920,264 99.43 2,629,539 0.57 DeAnn Walker 459,292,463 99.51 2,257,338 0.49 Roderick West 459,375,880 99.53 2,172,866 0.47 Expand Shareholders also voted in favour of the re-appointment of Ernst & Young LLP as the Company's auditor for the ensuing year, a resolution approving the continuation, amendment and restatement of the Company's Shareholder Rights Plan, and an advisory resolution approving the Company's approach to executive compensation. Final voting results on all matters voted on at the annual meeting of shareholders will be filed with Canadian and U.S. securities regulatory authorities at and About Algonquin Power & Utilities Corp. and Liberty Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Visit AQN at and follow us on @AQN_Utilities.
National Post
03-06-2025
- Business
- National Post
Algonquin Power & Utilities Corp. Announces Financial Outlook for 2025 through 2027
Article content Article content 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. Article content Algonquin will evaluate key decisions in the context of its commitments to its four key stakeholders: Article content 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. Article content '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.' Article content Earned return on equity ('Earned ROE') (see 'Other' below) expected to improve by approximately 300bps 2 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. Article content AQN will hold an investor update today at 1:30 p.m. eastern time, hosted by Chief Executive Officer, Rod West, and Interim Chief Financial Officer and Vice President, Investor Relations, Brian Chin. Article content Algonquin Power & Utilities Corp., parent company of Liberty, is a diversified international generation, transmission, and distribution utility. AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN's common shares, preferred shares, Series A, and preferred shares, Series D are listed on the Toronto Stock Exchange under the symbols AQN, and respectively. AQN's common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively. Article content Certain statements included in this news release constitute ''forward-looking information'' within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and ''forward-looking statements'' within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 (collectively, ''forward-looking statements'). The words 'will', 'expects', 'plans', 'estimated', 'outlook' and 'seeks' (and grammatical variations of such terms) and similar expressions are often intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Specific forward-looking statements in this news release include, but are not limited to, statements regarding: the Company's future plans and the expected outcomes thereof; the Company's approach to future decision-making; expectations regarding improved customer experiences, operational efficiencies and constructive regulatory outcomes; investor returns; and the Company's forward-looking outlook, including expectations regarding Earned ROE, operating expenses as a percentage of revenue, Adjusted Net Earnings per share, capital expenditures, equity issuances and credit ratings (collectively, the 'Outlook'). These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. AQN cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Forward-looking statements contained herein are provided for the purposes of assisting in understanding the Company and its business, operations, risks, financial performance, financial position and cash flows as at and for the periods indicated and to present information about management's current expectations and plans relating to the future and such information may not be appropriate for other purposes. Material risk factors and assumptions include those set out in AQN's annual information form and annual management discussion & analysis, each for the year ended December 31, 2024, and management discussion & analysis for the three months ended March 31, 2025 (the 'Interim MD&A'), each of which is or will be available on SEDAR+ and EDGAR. The Outlook is also based on the following additional assumptions: Article content resolution of customer billing matters, regulatory investigations and rate decisions in line with expectations, including absence of material write downs of assets; normalized weather patterns in geographical areas in which the Company operates; insurance coverage remains effective and sufficient; capital projects being completed on time, substantially in line with budgeted costs, and without adverse tariff impacts; timely receipt of required regulatory approvals and permits; no material disruptions to supply chains or labour availability affecting pricing, operations or project execution; realization of company-wide efficiency initiatives (focused in part on procurement, support and billing, organizational streamlining, and technology enablement) in line with expectations; no significant changes in applicable political or macroeconomic environments or capital markets, including with respect to legislation, interest rates or inflation; Canadian dollar/U.S. dollar exchange rate and Chilean peso/U.S. dollar exchange rate in line with expectations; receipt of anticipated proceeds under the earn out agreement entered into in connection with the sale of the Company's renewable energy business in January 2025; a mid-to-low twenties percentage effective tax rate in 2026 and 2027; renewable energy production consistent with long-term averages and realized pricing in line with expectations; and absence of significant events leading to adverse litigation outcomes, fines, penalties, and inverse condemnation rulings. Article content Given these assumptions and risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, AQN undertakes no obligation to update any forward-looking statements to reflect new information, subsequent or otherwise. Article content Non-GAAP Measures Article content AQN uses a number of financial measures to assess the performance of its business lines. Some measures are calculated in accordance with generally accepted accounting principles in the United States ('U.S. GAAP'), while other measures do not have a standardized meaning under U.S. GAAP. These non-GAAP measures include non-GAAP financial measures and non-GAAP ratios, each as defined in Canadian National Instrument 52-112 – Non-GAAP and Other Financial Measures Disclosure. AQN's method of calculating these measures may differ from methods used by other companies and therefore may not be comparable to similar measures presented by other companies. Article content The term 'Adjusted Net Earnings' which is used in this news release, is a non-GAAP financial measure. An explanation of 'Adjusted Net Earnings' can be found in the section titled 'Caution Concerning Non-GAAP Measures' in the Interim MD&A, which section is incorporated by reference into this news release. AQN's Interim MD&A is available on SEDAR+ at and EDGAR at In addition, 'Adjusted Net Earnings' is presented in this news release on a per common share basis. Adjusted Net Earnings per common share is a non-GAAP ratio and is calculated by dividing Adjusted Net Earnings by the weighted average number of common shares outstanding during the applicable period. Article content The Company does not provide reconciliations for forward-looking non-GAAP financial measures as the Company is unable to provide a meaningful or accurate calculation or estimation of reconciling items and the information is not available without unreasonable effort. This is due to the inherent difficulty of forecasting the timing or amount of various events that have not yet occurred, are out of our control and/or cannot be reasonably predicted, and that would impact the most directly comparable forward-looking U.S. GAAP financial measure. For these same reasons, we are unable to address the probable significance of the unavailable information. Forward-looking non-GAAP financial measures may vary materially from the corresponding U.S. GAAP financial measures. Article content The term 'Earned return on equity' (or 'Earned ROE') is used in this news release. Earned ROE is a measure specific to rate-regulated utilities that is not intended to represent any financial measure as defined by U.S. GAAP. It represents earnings at the Company's rate-regulated utilities as a percentage of the product of their average rate base for the period and the equity component of their authorized capital structure. The calculation of this measure as presented may not be comparable to similarly-titled measures used by other companies. Article content Article content Article content Article content Article content Contacts Article content Investor Inquiries: Alison Holditch Manager, Investor Relations Algonquin Power & Utilities Corp. E-mail: InvestorRelations@ Telephone: (905) 465-4500 Article content Article content
