Recent Updates — AQN
Algonquin Power & Utilities Corp. has completed the previously announced sale of its approximately 64% ownership interest in Chilean water utility Suralis S.A. to a fund managed by Toesca S.A. Administradora General de Fondos. The transaction, originally announced on August 28, 2026, generated total proceeds of approximately $126.4 million and includes an earnout opportunity of up to $1.5 million. Management stated the sale advances portfolio simplification efforts and supports capital deployment priorities, with proceeds expected for debt paydown and recycling into the company's 2026-2028 capital plan. Algonquin Power & Utilities Corp. is a diversified international generation, transmission, and distribution utility providing energy and water solutions.
Algonquin Power & Utilities Corp. announced an agreement to sell its approximately 64% ownership stake in Chilean water utility Suralis S.A. to Toesca S.A. Administradora General de Fondos for total expected proceeds of $126.5 million, plus an earnout opportunity of up to $1.5 million. The transaction is expected to close within the next two quarters and is subject to customary closing conditions, including merger control approval. Proceeds will be used for debt paydown and capital recycling into the company’s $3.2 billion 2026-2028 capital plan. Algonquin Power & Utilities Corp. operates as a diversified international generation, transmission, and distribution utility providing energy and water solutions.
Algonquin Power & Utilities Corp. filed its Form 6-K on August 7, 2026, incorporating Exhibit 99.5, an earnings press release for the quarter ended June 30, 2026, and Exhibit 99.6, a dividend press release for Q3 2026 common and preferred shares. The company also announced its intention to redomicile from Canada to the United States, with shareholder approval expected in the first half of 2027. For the six months ended June 30, 2026, revenue increased 10% to $1,336.3 million, while net earnings attributable to common shareholders decreased 27% to $84.6 million. Adjusted Net Earnings per share was $0.17. The company operates in the regulated utilities and renewable energy sector.