Algonquin Q2 FY26 net earnings drop to U.S. $4.9 million; adjusted net earnings fall to U.S. $29.2 million - AQN News | RalliesAlgonquin Q2 FY26 net earnings drop to U.S. $4.9 million; adjusted net earnings fall to U.S. $29.2 million
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AQN• Redomiciling plans
- Plans to redomicile to the U.S., targeting Delaware continuation in 2027, while keeping Oakville presence and setting headquarters in Chicago.
Quarterly earnings decline
- Algonquin Power & Utilities posted Q2 net earnings attributable to common shareholders of U.S. $4.9 million, down 66.89% year over year.
- Basic and diluted EPS slipped to U.S. $0.01 from U.S. $0.02 a year earlier; non-GAAP adjusted net earnings per share held at U.S. $0.04.
- Six-month net earnings attributable to common shareholders fell 18.22% to U.S. $88 million; EPS eased to U.S. $0.11 from U.S. $0.14.
Regulated Services Group results
- Regulated Services Group net earnings dropped 31.66% to U.S. $30 million on a U.S. $17.2 million one-time write-off tied to CalPeco’s WEMA proceeding.
