Algonquin Power & Utilities Corp (AQN)

NYSE: AQN · Electric Services · Oakville, ON · filing with the SEC since 2002

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Grade4.3

◀ Past 5.7● Present 3.7▶ Future 4.2

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Algonquin Power & Utilities Corp

Nine metrics read from its own filings, by tense

Headline grade

4.3/10

◀ Past5.725% of the headline

● Present3.745% of the headline

▶ Future4.230% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.7/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

6.6/10

Has it survived what it has been through?

No warning events in its filings since 2017.

weight 45% of this tense · 66th percentile among 59 sector filers · read for itself

From the record

Algonquin Power & Utilities Corp's filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

3.8/10

What has it actually done, year after year?

+6% a year over 9 filed years; profitable in 7 of 9.

weight 22% of this tense · 38th percentile among 51 sector filers · read for its customers

From the record

Algonquin Power & Utilities Corp's 9 filed years say what it did: revenue went from $1.5 billion in fiscal 2017 to $2.4 billion in fiscal 2025, up 6% a year; it rose in 5 of 8 years; the deepest fall was 16% from fiscal 2022 to fiscal 2024; net income was positive in 7 of 9 of those years (its annual reports).

What it rests on

revenue growth over the filed span6.0%top 40% of its family
the share of years revenue rosebottom 30% of its family
the share of filed years with a profitbottom 35% of its family
the deepest fall from a revenue peak16.1%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

5.6/10

How has it treated the people who own it?

Share count grew 4.4% a year. 47% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 56th percentile among 39 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Algonquin Power & Utilities Corp's diluted share count grew about 4.4% a year, and dividends and buybacks returned about 47% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

the share count over the yearsbottom 21% of its family
cash returned against operating cash flowtop 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.7/1045% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

4.0/10

Is it financially healthy right now?

ROE 4%: 4¢ of profit per shareholder dollar. Leverage 64%: owes 64¢ per asset dollar.

weight 45% of this tense · 40th percentile among 53 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Algonquin Power & Utilities Corp earned about 4 cents of profit for every dollar of shareholders' money. Leverage: it owed about 64 cents per dollar of assets, and net share issuance: its share count grew 5.2% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 33% of its family
return on equitybottom 31% of its family
the share count against the year beforebottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

2.8/10

How strong is its position in its industry?

bottom 28% of 52 in its family; net margin 7.4%.

weight 33% of this tense · 28th percentile among 52 sector filers · read for its customers

From the record

Algonquin Power & Utilities Corp's standing among 52 graded names in its industry family: revenue of $2.4 billion in fiscal 2025 ranks in the bottom 40% by size; a net margin of 7.4% ranks in the bottom 38%; revenue growth of -4.2% a year over the last 3 filed years ranks in the bottom 7% (its annual reports).

What it rests on

revenue against the family$2.43Bbottom 40% of its family
net margin7.4%bottom 38% of its family
three-year revenue growth-4.2%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 33 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read.
How it was reasoned: family median, 33 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Algonquin Power & Utilities Corp's leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; no officer or director has filed a Form 3, 4 or 5 for it in the last fifteen months, so the years in charge cannot be read, so the desk assumes the typical reading of its industry family, the median of 33 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

4.2/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed

2.4/10

How much room does it have to grow?

bottom 24% of 47 in its family for room to expand.

weight 22% of this tense · 24th percentile among 47 sector filers · read for itself

From the record

Algonquin Power & Utilities Corp's room to grow, from the newest filed statements (fiscal 2025): cash of $78 million against debt of $6.2 billion leaves -43.1% of its assets as net cash, bottom 13% of its family; cash from operations less capital spending is -7.3% of revenue (bottom 35%) (its annual report).

What it rests on

cash less debt against assets-43.1%bottom 13% of its family
cash from operations less capital spending against revenue-7.3%bottom 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

1.7/10

What could actually drive growth from here?

bottom 17% of 51 in its family for growth drivers.

weight 45% of this tense · 17th percentile among 51 sector filers · read for its customers

From the record

Algonquin Power & Utilities Corp's growth drivers, from the filed years to fiscal 2025: revenue grew -4.2% a year over the last three filed years against 6% over all 9, slowing (bottom 11% of its family); the newest year grew 4.9% (bottom 32%); capital spending grew -10.8% a year (bottom 7%) (its annual reports). Algonquin Power & Utilities Corp reported 5 product lines in fiscal 2025: Regulated Electricity at $1.3 billion (53%), Regulated Gas at $614 million (25%), Regulated Water at $427 million (18%), and 2 more; 5 of 5 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span-10.2 points a yearbottom 11% of its family
the newest year's revenue growth4.9%bottom 32% of its family
three-year growth of capital spending-10.8%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

8.7/10

Did its newest year beat what its own record pointed to?

top 13% of 49 in its family for expectations against reality.

weight 33% of this tense · 87th percentile among 49 sector filers · read for its shareholders

From the record

Algonquin Power & Utilities Corp's newest year against its own record: revenue of $2.4 billion in fiscal 2025 came in 14.5% above the $2.1 billion its prior three years' pace pointed to (top 19% of its family); net income of $181 million against a prior three-year average of $521 million (top 17%); a net margin of 7.4% against -22% before (top 3%) (its annual reports).

What it rests on

revenue against the prior three years' pace14.5%top 19% of its family
net income against the prior three years' average+135%top 17% of its family
net margin against its prior average+29.4 pointstop 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton AQN · research, not advice