Algonquin Power & Utilities Corp. Reports Q3 2025 Earnings Beat and Appoints New CFO

Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) announced that its non‑GAAP earnings per share (EPS) for the third quarter of 2025 reached $0.09, surpassing analysts’ consensus by $0.03. The positive surprise comes amid a broader context of investor expectations that the company’s earnings would reflect continued operational stability and disciplined cost management.

Q3 Earnings Overview

  • Non‑GAAP EPS: $0.09 versus the expected $0.06
  • Revenue: The company reported $598.8 million for the quarter, a decline from the 2024 figure of $784.5 million but aligned with analysts’ forecast of $598.8 million.
  • Net Income: While the quarterly report focused on EPS, the broader financial picture shows a shift from a negative earnings environment last year, where Q3 2024 EPS stood at –$2.33 CAD.

The earnings beat was highlighted in a preview released by Seeking Alpha on November 6, 2025, which noted that the market’s expectation was for a modest profit, and the actual figure exceeded those estimates by roughly 50 %. Analysts have pointed out that the company’s diversified portfolio—encompassing renewable energy, thermal facilities, and water infrastructure—has provided a stable revenue base that helped cushion the decline in overall sales.

New Chief Financial Officer

In a concurrent announcement on November 7, 2025, Algonquin Power & Utilities named Robert J. Stefani as its new Chief Financial Officer, effective January 5, 2026. Mr. Stefani brings a wealth of experience from Southwest Gas Holdings, where he served as Senior Vice President and CFO for three years. His tenure at Southwest was marked by significant capital structuring initiatives, including the $1.5 billion divestiture of the MountainWest pipeline and the successful public offering of Southwest Gas Holdings’ utility infrastructure assets.

Stefani’s appointment signals the company’s intent to strengthen its financial stewardship and navigate the evolving regulatory landscape in the utilities sector. His background in managing large-scale utility transactions is expected to support Algonquin’s ongoing expansion and asset optimization strategies.

Market Context and Investor Sentiment

  • Stock Performance: As of November 5, 2025, AQN’s closing price stood at CAD 8.09, below its 52‑week high of CAD 8.56 and above its 52‑week low of CAD 6.03.
  • Valuation: The company trades at a price‑to‑earnings ratio of 61.95, reflecting the market’s long‑term view of growth potential in renewable and sustainable infrastructure.
  • Options Activity: TipRanks noted heightened options volatility surrounding AQN’s earnings release, indicating that traders are positioning for potential upside as the company delivers on its financial guidance.

Outlook

Analysts now anticipate a Q4 2025 EPS of approximately $0.31 USD (≈CAD 0.30), a significant turnaround from the negative earnings recorded in the same period last year. The company’s market capitalization remains robust at CAD 6.05 billion, underscoring investor confidence in its asset base and strategic direction.

In sum, Algonquin Power & Utilities Corp. has delivered a positive earnings surprise for Q3 2025, reaffirming its ability to generate shareholder value while reinforcing its leadership team with a seasoned financial executive. The company’s focus on renewable and sustainable infrastructure continues to position it favorably within Canada’s utilities sector and beyond.