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Segmented information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segmented information 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, primarily owns and operates a portfolio of electric, natural gas, water distribution wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda and Chile; the Renewable Energy Group, the Company's non-regulated operating unit, primarily owns and operates, or has investments in, a diversified portfolio of renewable and thermal energy generation assets.
The Company announced that it is pursuing a sale of its renewable energy business. The anticipated sale has not met the accounting requirements to be presented as held for sale as of June 30, 2024.
For the 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.
18.Segmented information (continued)
 Three months ended June 30, 2024
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$491,312 $78,661 $— $569,973 
Other revenue13,940 14,518 195 28,653 
Fuel, power and water purchased108,934 691 — 109,625 
Net revenue396,318 92,488 195 489,001 
Operating expenses (3)
215,708 47,758 2,402 265,868 
Depreciation and amortization100,120 36,553 239 136,912 
Loss on foreign exchange— — 4,284 4,284 
Operating income
80,490 8,177 (6,730)81,937 
Interest expense(49,476)(18,624)(37,687)(105,787)
Income from long-term investments and other income
7,456 17,667 173,518 198,641 
Other expenses (8,537)(7,886)(4,555)(20,978)
Earnings (loss) before income taxes$29,933 $(666)$124,546 $153,813 
Capital expenditures (4)
$167,834 $36,502 $— $204,336 
(1) Renewable Energy Group revenue includes $6,965 related to net hedging gain from energy derivative contracts and availability credits for the three months ended June 30, 2024 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $15,334 related to alternative revenue programs for the three months ended June 30, 2024 that do not represent revenue recognized from contracts with customers.
(3) Operating expenses for the Renewable Energy Group include development costs of $7,734 and other operating costs (previously called administrative expenses) of $6,709 for the three months ended June 30, 2024.
(4) Excludes Property, plant and equipment acquired through the assumption of debt.
18.Segmented information (continued)
 Three months ended June 30, 2023
 Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$533,642 $71,694 $— $605,336 
Other revenue12,791 9,380 364 22,535 
Fuel, power and water purchased138,374 3,782 — 142,156 
Net revenue408,059 77,292 364 485,715 
Operating expenses (3)
228,847 38,367 (40)267,174 
Depreciation and amortization84,754 33,291 403 118,448 
Gain on foreign exchange— — 6,379 6,379 
Operating income
94,458 5,634 (6,378)93,714 
Interest expense(42,724)(16,420)(30,519)(89,663)
Income (loss) from long-term investments and other income
9,332 22,842 (309,870)(277,696)
Other expenses(41,010)(1,197)(2,427)(44,634)
Earnings (loss) before income taxes$20,056 $10,859 $(349,194)$(318,279)
Capital expenditures (4)
$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.
3) Operating expenses for the Renewable Energy Group include development costs of $3,274 and other operating costs of $7,356 for the three months ended June 30 2023.
(4) Excludes Property, plant and equipment acquired through the assumption of debt.
18.Segmented information (continued)
 Six months ended June 30, 2024
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,116,143 $163,237 $— $1,279,380 
Other revenue25,689 30,052 605 56,346 
Fuel, power and water purchased306,738 4,229 — 310,967 
Net revenue835,094 189,060 605 1,024,759 
Operating expenses (3)
423,239 101,353 3,061 527,653 
Depreciation and amortization192,140 73,812 500 266,452 
Loss on foreign exchange
— — 16,141 16,141 
Operating income (loss)219,715 13,895 (19,097)214,513 
Interest expense(98,186)(38,419)(71,706)(208,311)
Income from long-term investments and other income
15,377 19,689 15,821 50,887 
Other expenses(12,228)(9,198)(13,458)(34,884)
Earnings (loss) before income taxes$124,678 $(14,033)$(88,440)$22,205 
Capital expenditures (4)
351,048 65,834 — 416,882 
June 30, 2024
Property, plant and equipment$9,051,366 $4,120,034 $27,800 $13,199,200 
Investments carried at fair value1,905 1,126,266 — 1,128,171 
Equity-method investees39,012 313,971 — 352,983 
Total assets12,690,910 5,809,815 365,649 18,866,374 
(1) Renewable Energy Group revenue includes $16,614 related to net hedging gain from energy derivative contracts and availability credits for the six months ended June 30, 2024 that do not represent revenue recognized from contracts with customers.
(2) Regulated Services Group revenue includes $18,301 related to alternative revenue programs for the six months ended June 30, 2024 that do not represent revenue recognized from contracts with customers.
(3) Operating expenses for the Renewable Energy Group include development costs of $16,290 and other operating costs (previously called administrative expenses) of $12,738 for the six months ended June 30, 2024.
(4) Excludes Property, plant and equipment acquired through the assumption of debt.
18.Segmented information (continued)
 Six months ended June 30, 2023
Regulated Services GroupRenewable Energy GroupCorporateTotal
Revenue (1)(2)
$1,208,174 $150,410 $— $1,358,584 
Other revenue26,438 20,751 725 47,914 
Fuel, power and water purchased405,524 11,588 — 417,112 
Net revenue829,088 159,573 725 989,386 
Operating expenses (3)
425,699 78,796 799 505,294 
Depreciation and amortization170,611 68,836 642 240,089 
Loss on foreign exchange
— — 7,815 7,815 
Operating income (loss)232,778 11,941 (8,531)236,188 
Interest expense(81,202)(31,315)(59,064)(171,581)
Income (loss) from long-term investments and other income
19,660 52,584 (129,928)(57,684)
Other expenses(45,259)(1,197)(4,435)(50,891)
Earnings (loss) before income taxes$125,977 $32,013 $(201,958)$(43,968)
Capital expenditures (4)
372,886 42,072 — 414,958 
December 31, 2023
Property, plant and equipment$8,945,637 $3,539,069 $32,744 $12,517,450 
Investments carried at fair value1,962 1,113,767 — 1,115,729 
Equity-method investees112,180 343,712 501 456,393 
Total assets12,658,955 5,367,011 347,995 18,373,961 
(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.
(3) Operating expenses for the Renewable Energy Group include development costs of $7,261 and other operating costs of $11,088 for the six months ended June 30 2023.
(4) Excludes Property, plant and equipment acquired through the assumption of debt.
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.
18.Segmented information (continued)
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
2024202320242023
Revenue
United States$467,747 $503,777 $1,069,326 $1,144,201 
Canada37,391 37,788 87,886 90,916 
Other regions93,488 86,306 178,514 171,381 
$598,626 $627,871 $1,335,726 $1,406,498 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.