Q: Hello, please provide your comments on AQN’s latest financial results. Thank you
5i Research Answer:
First, note that the interim CEO had been made permanent. We are OK with this decision. EPS of 14c missed estimates of 15.6c; revenue of $737M missed estimates of $809.8M. EBITDA of $344.3M matched estimates. Lower regulated service revenue impacted performance in the quarter, with sales down 7%. Total revenue fell 5%. Renewable energy sales rose 11%. Nothing was disclosed in terms of asset sales, but the company noted it needed to continue to improve its cost structure. Not great numbers, here, but likely priced into the current valuation.