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Algonquin Power & Utilities (AQN) Q4 Earnings Beat Estimates

Algonquin Power & Utilities Corp.AQN reported fourth-quarter 2018 operating earnings of 14 cents per share, beating the Zacks Consensus Estimate by a penny. However, the reported earnings declined 13% on a year-over-year basis.

Total Revenues

Algonquin Power & Utilities generated total revenues of $419.9 million in fourth-quarter 2018, beating the Zacks Consensus Estimate of $414 million by 1.4%. The top line also increased 3% from $409.5 million in the year-ago quarter.

The company recorded significant progress and growth across businesses, both domestically and internationally, which boosted total revenues.

Highlights of the Release

Algonquin Power & Utilities' adjusted EBITDA in the fourth quarter was $196.9 million, up 6% year over year.

Fourth-quarter dividend of the company was 12.82 cents, reflecting a year-over-year increase of 10%.

The company remains focused on capital investment of $7.5 billion in the next five years, which will help it to maintain its strong performance.

Zacks Rank

Algonquin Power & Utilities currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

Utility Releases

American Electric Power Co., Inc. AEP reported fourth-quarter 2018 operating earnings per share (EPS) of 72 cents, in line with the Zacks Consensus Estimate.

NextEra Energy, Inc. NEE reported fourth-quarter 2018 adjusted earnings of $1.49 per share, which lagged the Zacks Consensus Estimate of $1.51 by 1.3%.

Duke Energy Corporation DUK reported fourth-quarter 2018 adjusted earnings of 84 cents per share, which missed the Zacks Consensus Estimate of 89 cents by 5.6%.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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