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Canada's Algonquin Power Q3 profit rises on favourable weather, rate hikes

By Reuters News


Overview

  • Canada utility operator's Q3 adjusted EPS rose yr/yr to $0.11

  • Company completed sale of Chilean water utility, advancing portfolio simplification

  • Q3 results affected by one-time costs, higher interest, and increased operating expenses


Outlook

  • Company did not provide specific financial guidance for the current quarter or full year in its press release


Result Drivers

  • FAVOURABLE WEATHER - Co said Q3 results benefited from $20.4 mln favourable weather impact vs prior yr

  • APPROVED RATE INCREASES - Implementation of approved rates, including CalPeco and Empire Electric Missouri, contributed $11.4 mln to Q3 results

  • ONE-TIME COSTS - Q3 results affected by $35.4 mln in one-time items, mainly non-recoverable costs and accruals related to Mountain View Fire and loss on Suralis assets


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

$0.11

Q3 Adjusted Net Income

$88.10 mln


Reuters Recommended Reads

  • Nov 5 - Canada's TC Energy raises 2026 EBITDA outlook after strong Q3 earnings

  • Nov 6 - Canada's Emera Q3 adjusted EPS misses expectations on higher costs, asset sale impacts

  • Nov 4 - Canada's South Bow Q3 revenue rises; lifts 2026 cash flow outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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