Algonquin Power & Utilities Corp. Announces 2023 Fourth Quarter and Full Year Financial Results [Yahoo! Finance]
Algonquin Power & Utilities Corp. Common Shares (AQN)
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm
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Source: Yahoo! Finance
results for the fourth quarter and full year ended December 31 , 2023. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted. "2023 was a decision year for the Company, with the termination of the Kentucky Power transaction and announcement of the planned refocusing of the Company, including the proposed sale of our renewables business. We expect 2024 to be a transition year as we seek to reposition the Company towards a more efficient operating profile and a renewed strategy for the future," said Chris Huskilson , Interim Chief Executive Officer of AQN. "Despite headwinds in 2023, we made progress. Our Regulated Services Group posted double-digit Divisional Operating Profit growth primarily from new rate implementations, reflecting recovery of and returns on investments we made in our systems. Additionally, our renewables business placed in service 453 MW of wind and solar generation. We are excited that in the midst of taking steps to simplify an
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