Algonquin Power & Utilities Shares Slide on Lowered 2027 Outlook

Dow Jones03-06

By Adriano Marchese

Shares of Algonquin Power & Utilities fell Friday after the company lowered its outlook for 2027 due to a change in tax assumptions.

Shares fell 12% to 8.33 Canadian dollars ($6.09).

The utilities company said Friday that for 2027, it now sees adjusted earnings per share in the range of 38 cents to 42 cents, below previous guidance of 42 cents to 46 cents.

Algonquin said the difference is due to a change in the company's tax assumptions sine last June.

Analysts forecasted 44 cents for the year.

"We are actively assessing tax optimization strategies with potential benefits beginning next year, and our newly assembled leadership team is drawing on deep utility experience to help identify additional efficiencies to offset these impacts," Chief Executive Rod West said.

In the fourth quarter, the company swung to a profit of $29.4 million, or 4 cents a share, compared with a loss of $110.2 million, or 14 cents a share, a year ago. Adjusted earnings were 6 cents a share, topping the 5 cents a share analysts were forecasting.

Revenue rose to $630.7 million from $584.8 million a year ago, well ahead of the $606.8 million that analysts had forecasted for the quarter.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

March 06, 2026 10:18 ET (15:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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