The company reported an operating cash flow of $268.6 million in the reporting period.This represents an 18.35% increase over the $527.5 million that the company reported in the prior-year quarter. Algonquin Power & Utilities Corporation reported total revenue of $624.3 million in the second quarter of 2022.Therefore, here are the highlights from Algonquin Power & Utilities' second quarter 2022 earnings results: This is because these highlights provide a background for the remainder of the article as well as serve as a framework for the resultant analysis. Thus, this company appears to have a lot to offer to any investor but let us investigate further in order to verify that.Īs my long-time readers are no doubt well aware, it is my usual practice to share the highlights from a company's earnings report before delving into an analysis of its results. Algonquin Power & Utilities certainly does not sacrifice its dividend for the renewable credentials, though as the stock yields 4.85% as of the time of writing. This second thing is something that may be appealing to the managers of the numerous environmental, social, and governance funds around the world that have become incredibly wealthy over the past few years. One common thing that we frequently see among the earnings reports of utility companies tends to be relatively slow and steady growth, but Algonquin Power & Utilities is very different because it is also a major developer of renewable power plants. At first glance, the company's results were quite impressive as the firm did manage to beat the expectations of its analysts in terms of both revenues and earnings, although the stock's performance following the release was rather tepid. ( NYSE: AQN) announced its second quarter 2022 earnings results. On Thursday, August 11, 2022, Canadian renewable power and utility group Algonquin Power & Utilities Corp.
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