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Unaudited Interim Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Other revenue $ 598,626 $ 627,871 $ 1,335,726 $ 1,406,498
Expenses        
Depreciation and amortization 136,912 118,448 266,452 240,089
Loss on foreign exchange 4,284 6,379 16,141 7,815
Costs and expenses, total 516,689 534,157 1,121,213 1,170,310
Operating income 81,937 93,714 214,513 236,188
Interest expense (note 7) (105,787) (89,663) (208,311) (171,581)
Income (loss) from long-term investments (note 6) 192,611 (286,546) 38,158 (75,585)
Other income (note 5) 6,030 8,850 12,729 17,901
Other net losses (note 16) (17,061) (40,367) (27,662) (43,829)
Pension and other post-employment non-service costs (note 8) (3,975) (5,306) (7,413) (10,267)
Gain on derivative financial instruments (note 21(b)(iv)) 58 1,039 191 3,205
Earnings (loss) before income taxes 153,813 (318,279) 22,205 (43,968)
Income tax recovery (expense) (note 15)        
Current 46,681 (6,300) 41,577 (12,800)
Deferred (41,453) 62,258 (25,046) 44,057
Income tax expense 5,228 55,958 16,531 31,257
Net earnings (loss) 159,041 (262,321) 38,736 (12,711)
Non-controlling interests 41,725 15,439 72,884 42,018
Non-controlling interests held by related party 0 (6,349) 0 (12,399)
Net effect of non-controlling interests 41,725 9,090 72,884 29,619
Net earnings (loss) attributable to shareholders of Algonquin Power & Utilities Corp. 200,766 (253,231) 111,620 16,908
Series A Shares and Series D Shares dividend (note 12) 2,705 2,080 5,117 4,172
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. - basic 198,061 (255,311) 106,503 12,736
Net earnings (loss) attributable to common shareholders of Algonquin Power & Utilities Corp. - diluted $ 198,061 $ (255,311) $ 106,503 $ 12,736
Basic net earnings (loss) per share (USD per share) $ 0.28 $ (0.37) $ 0.15 $ 0.02
Diluted net earnings (loss) per share (USD per share) $ 0.28 $ (0.37) $ 0.15 $ 0.02
Regulated electricity distribution        
Revenue        
Other revenue $ 304,262 $ 328,242 $ 610,117 $ 644,215
Expenses        
Expenses 81,747 98,337 179,701 223,917
Regulated natural gas distribution        
Revenue        
Other revenue 94,264 109,539 328,217 380,677
Expenses        
Expenses 22,909 36,180 118,878 173,881
Regulated water reclamation and distribution        
Revenue        
Other revenue 92,786 95,861 177,809 183,282
Expenses        
Expenses 4,279 3,857 8,160 7,726
Non-regulated energy sales        
Revenue        
Other revenue 78,661 71,694 163,237 150,410
Expenses        
Expenses 690 3,782 4,228 11,588
Other revenue        
Revenue        
Other revenue 28,653 22,535 56,346 47,914
Operating expenses        
Expenses        
Expenses $ 265,868 $ 267,174 $ 527,653 $ 505,294