Algonquin Q2 2026 adjusted profit slips 13% as higher gas costs, interest offset rate hikes, investment income
AQN•First-half results
First-half Adjusted Net Earnings declined to USD 128.8 million from USD 142.6 million, pressured by gas cost inflation, restructuring costs, and the same write-off.
Second-quarter results
Algonquin posted Q2 2026 revenue of USD 543.9 million, up 3%, mainly from rate increases across electric and water systems.
Net earnings attributable to common shareholders fell to USD 4.9 million from USD 14.8 million; Adjusted Net Earnings slipped to USD 29.2 million from USD 33.6 million.
Utility earnings weakened on a USD 17.2 million Mountain View Fire cost write-off, higher interest expense, higher gas operating costs, and gas remediation spending.
Rate-driven gains, modestly favorable electric weather at Empire, lower electric operating costs, and higher investment income on Senior Note Offering proceeds partly offset.
