Algonquin Power & Utilities (TSE:AQN) First Quarter 2024 Results

Key Financial Results

• Revenue: US$737.1m (down 5.3% from 1Q 2023).

• Net loss: US$91.6m (down by 134% from US$268.0m profit in 1Q 2023).

• US$0.13 loss per share (down from US$0.39 profit in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Algonquin Power & Utilities Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 9.4%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Integrated Utilities industry in North America.

Performance of the market in Canada.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Be aware that Algonquin Power & Utilities is showing 2 warning signs in our investment analysis that you should know about...

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