What does Algonquin Power do and what are its main business segments?

What is the market's earnings forecast for Algonquin Power next quarter?

What is Algonquin Power's latest dividend and current dividend yield?

What is the revenue and EPS growth rate for Algonquin Power year over year?

What were the key takeaways from Algonquin Power's earnings call?

What guidance did Algonquin Power's management provide for the next earnings period?

What factors drove the changes in Algonquin Power's revenue and profit?

Did Algonquin Power beat or miss consensus estimates last quarter?

- **New Leadership**: Incoming CFO Robert Stefani to strengthen financial strategy; interim CFO Brian Chin continues key role.
- **Strong Q3 Results**: 10% net earnings growth and 13% EPS increase, driven by rate implementations and cost control.
- **Cost Efficiency**: $11 million OpEx reduction in Q3, with structural improvements offsetting partial Q4 reversal.
- **Regulatory Focus**: Missouri MPSC emphasizes customer service metrics; proactive stakeholder engagement to enhance regulatory outcomes.
- **Strategic Growth**: Open to U.S.-aligned acquisitions that enhance EPS and reduce risk, with customer service as a top priority.

**【CEO Opening Remarks】**
- **New CFO Appointment**: Robert Stefani will join as CFO in January 2026, bringing expertise in financial discipline and capital markets. Brian Chin will remain in a key leadership role.
- **Q3 Financial Performance**: Adjusted net earnings up 10% YoY to $71.7 million; EPS increased 13% to $0.09, driven by rate implementations and cost reductions.
- **Regulatory Updates**: Energy North rate case approved; Cal Pico and Empire Electric rate cases pending. Missouri Public Service Commission (MPSC) feedback highlights need for improved customer service metrics.
- **Portfolio Strategy**: Focused on becoming a premium regulated utility through cost-cutting, operational excellence, and stakeholder engagement. Open to opportunistic acquisitions that align with strategic fit and EPS accretion.

**【CFO Financial Commentary】**
- **Revenue Drivers**: Growth from implemented rates, favorable weather, and lower operating and interest expenses.
- **EPS Breakdown**: $0.02 from operational performance, $0.01 from cost reductions, $0.01 one-time gain from depreciation deferral. Offset by $0.03 from eliminated Atlantica dividends.
- **Cost Management**: Q3 OpEx down $11 million (9% YoY), with $9 million due to timing; expect partial reversal in Q4.
- **Tax Rate**: Mid to low 20% for the year, consistent with prior guidance.

**【Q&A Highlights】**
- **OpEx Sustainability**: Cost reductions are structural, but Q4 may see partial reversal of timing benefits. Restructuring is early-stage, with multi-year potential.
- **Portfolio Optimization**: Considering domicile shift to U.S. for alignment with majority assets. No decisions yet, but due diligence underway.
- **Regulatory Approach**: Proactive stakeholder engagement to minimize contested issues in rate filings. Missouri MPSC expects measurable customer service improvements.
- **Customer Systems**: Progressing with SAP deployment to enhance billing accuracy and customer outcomes, with ongoing focus on transparency and accountability.

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