Canada's Algonquin Power Q2 income falls on wildfire cost A
AQN
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2026-08-07
Analyst view and valuation The current average analyst rating on the shares is hold .
The breakdown of recommendations is 4 strong buy or buy , 6 hold , and no sell or strong sell.
The average consensus recommendation for the multiline utilities peer group is buy .
The stock recently traded at 15 times next 12-month earnings, versus a P/E of 17 three months ago.
Redomicile plans and regulatory outlook Algonquin said it plans to redomicile to the United States to reduce tax inefficiencies, improve tax efficiency and broaden access to capital.
The company expects to maintain a presence in Ontario and establish headquarters in Chicago after the redomicile.
It expects regulatory changes in Missouri, California, Kansas and Arizona to affect future results.
Q2 earnings hit by wildfire write-off and higher expenses Canada-U.S. utility Algonquin Power reported that second-quarter net earnings fell due to a wildfire cost write-off and higher operating expenses.
Q2 adjusted net earnings per share held steady year over year at
$0.04
Q2 adjusted net income was $29.2 million .
Net earnings were reduced by a one-time $17.2 million write-off tied to a California wildfire cost recovery decision.
Higher gas safety, maintenance and interest costs also weighed on results.
Approved rate increases across multiple utility systems and customer growth partly offset the negative drivers, though some systems saw retroactive rate reductions. 2026-08-07
Canada's Algonquin Power Q2 income falls on wildfire cost - AQN News | Rallies
