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Segmented information
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
Segmented information
The Company is managed under two primary business units consisting of the Regulated Services Group and the Renewable Energy Group. The two business units are the two segments of the Company.
The Regulated Services Group, the Company's regulated operating unit, owns and operates a portfolio of electric, natural gas, water distribution and wastewater collection utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Renewable Energy Group, the Company's non-regulated operating unit, owns and operates a diversified portfolio of renewable and thermal electric generation assets in North America and internationally.
On May 11, 2023, the Company announced that its Board of Directors had initiated a strategic review of the Renewable Energy Group. On August 10, 2023, the Company announced that it will pursue a sale of the Renewable Energy Group.
For purposes of evaluating the performance of the business units, the Company allocates the realized portion of any gains or losses on financial instruments to the specific business units. Dividend income from Atlantica and AYES Canada is included in the operations of the Renewable Energy Group, while interest income from San Antonio Water System is included in the operations of the Regulated Services Group. Equity method gains and losses are included in the operations of the Regulated Services Group or Renewable Energy Group based on the nature of the activities of the investees. The change in value of investments carried at fair value, unrealized portion of any gains or losses on derivative instruments not designated in a hedging relationship and foreign exchange gains and losses are not considered in management’s evaluation of divisional performance and are, therefore, allocated and reported under corporate.

 Three months ended June 30, 2023
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$532,233 $71,694 $— $603,927 
Other revenue14,200 9,380 364 23,944 
Fuel, power and water purchased138,374 3,782 — 142,156 
Net revenue408,059 77,292 364 485,715 
Operating expenses (recovery)213,891 27,737 (146)241,482 
Administrative expenses 13,548 11,044 1,100 25,692 
Depreciation and amortization84,754 33,291 403 118,448 
Loss on foreign exchange— — 6,379 6,379 
Operating income (loss)95,866 5,220 (7,372)93,714 
Interest expense(42,724)(16,420)(30,519)(89,663)
Income (loss) from long-term investments9,332 26,259 (313,287)(277,696)
Other expenses (41,010)(1,197)(2,427)(44,634)
Earnings (loss) before income taxes$21,464 $13,862 $(353,605)$(318,279)
Capital expenditures$225,505 $19,704 $— $245,209 
(1) Renewable Energy Group revenue includes $4,328 related to net hedging gain from energy derivative contracts and availability credits for the three months ended June 30, 2023 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $9,083 related to alternative revenue programs for the three months ended June 30, 2023 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Three months ended June 30, 2022
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$507,095 $92,141 $— $599,236 
Other revenue12,559 7,208 382 20,149 
Fuel, power and water purchased159,256 9,646 — 168,902 
Net revenue360,398 89,703 382 450,483 
Operating expenses179,258 27,053 19 206,330 
Administrative expenses10,966 8,510 631 20,107 
Depreciation and amortization76,228 36,057 262 112,547 
Loss on foreign exchange— — 4,464 4,464 
Operating income (loss)93,946 18,083 (4,994)107,035 
Interest expense(23,860)(14,862)(25,851)(64,573)
Income (loss) from long-term investments5,265 26,675 (145,320)(113,380)
Other expenses(2,898)(4,723)(6,602)(14,223)
Earnings (loss) before income taxes$72,453 $25,173 $(182,767)$(85,141)
Capital expenditures$179,878 $67,660 $— $247,538 
(1) Renewable Energy Group revenue includes $25,062 related to net hedging loss from energy derivative contracts and availability credits for the three months ended June 30, 2022 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $8,811 related to alternative revenue programs for the three months ended June 30, 2022 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Six months ended June 30, 2023
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
1,206,394 150,410 $— $1,356,804 
Other revenue28,218 20,751 725 49,694 
Fuel, power and water purchased405,524 11,588 — 417,112 
Net revenue829,088 159,573 725 989,386 
Operating expenses401,315 60,447 7 461,769 
Administrative expenses21,873 18,474 3,178 43,525 
Depreciation and amortization170,611 68,836 642 240,089 
Loss on foreign exchange— — 7,815 7,815 
Operating income (loss)235,289 11,816 (10,917)236,188 
Interest expense(81,202)(31,315)(59,064)(171,581)
Income (loss) from long-term investments19,660 59,526 (136,870)(57,684)
Other expenses(45,259)(1,197)(4,435)(50,891)
Earnings (loss) before income taxes$128,488 $38,830 $(211,286)$(43,968)
Capital expenditures372,886 42,072 — 414,958 
June 30, 2023
Property, plant and equipment$8,757,413 $3,550,202 $29,316 $12,336,931 
Investments carried at fair value1,799 1,211,919 — 1,213,718 
Equity-method investees57,586 322,141 8,789 388,516 
Total assets12,247,694 5,401,782 319,237 17,968,713 
(1) Renewable Energy Group revenue includes $11,527 related to net hedging gain from energy derivative contracts and availability credits for the six months ended June 30, 2023 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $12,789 related to alternative revenue programs for the six months ended June 30, 2023 that do not represent revenue recognized from contracts with customers.
18.Segmented information (continued)
 Six months ended June 30, 2022
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,129,854 $177,901 $— $1,307,755 
Other revenue27,547 16,552 768 44,867 
Fuel, power and water purchased393,828 22,585 — 416,413 
Net revenue763,573 171,868 768 936,209 
Operating expenses363,667 54,643 22 418,332 
Administrative expenses19,036 16,055 2,468 37,559 
Depreciation and amortization156,511 75,474 526 232,511 
Loss on foreign exchange— — 4,726 4,726 
224,359 25,696 (6,974)243,081 
Gain on sale of renewable assets— 1,200 — 1,200 
Operating income (loss)224,359 26,896 (6,974)244,281 
Interest expense(45,286)(30,575)(46,655)(122,516)
Income (loss) from long-term investments9,774 54,301 (188,144)(124,069)
Other expenses(7,786)(4,978)(8,023)(20,787)
Earnings (loss) before income taxes$181,061 $45,644 $(249,796)$(23,091)
Capital expenditures435,463 139,774 — 575,237 
December 31, 2022
Property, plant and equipment$8,554,938 $3,360,687 $29,260 $11,944,885 
Investments carried at fair value1,984 1,342,223 — 1,344,207 
Equity-method investees56,199 310,103 15,500 381,802 
Total assets12,109,575 5,251,933 266,105 17,627,613 
(1) Renewable Energy Group revenue includes $29,892 related to net hedging loss from energy derivative contracts and availability credits for the six months ended June 30, 2022 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $15,089 related to alternative revenue programs for the six months ended June 30, 2022 that do not represent revenue recognized from contracts with customers.
The majority of non-regulated energy sales are earned from contracts with large public utilities. The Company has sought to mitigate its credit risk by selling energy to large utilities in various North American locations. None of the utilities contribute more than 10% of total revenue.
AQN operates in the independent power and utility industries in the United States, Canada and other regions. Information on operations by geographic area is as follows:
Three months ended June 30Six months ended June 30
2023202220232022
Revenue
United States$503,777 $492,373 $1,144,201 $1,091,246 
Canada37,788 41,397 90,916 95,232 
Other regions86,306 85,615 171,381 166,144 
$627,871 $619,385 $1,406,498 $1,352,622 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.