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Segmented information
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
Segmented information Segmented information
As a result of the classification of the Company’s former renewable energy group (excluding hydro) as discontinued operations during 2024, the Regulated Services Group is the only reportable operating segment of the Company. The Regulated Services Group primarily owns and operates a portfolio of regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations in the United States, Canada, Bermuda and Chile. However, management has elected to disclose the “Hydro Group” as a reportable operating segment, which consists of hydroelectric generation facilities located in Canada that were not sold as part of the Renewable Sale. Non-operating segments include the corporate activities of the Company, which are reported under the “Corporate 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 unit. 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. Dividend income from Atlantica is reported and allocated under the Corporate Group. 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 the Corporate Group.
Resources are allocated and performance is assessed by the Company’s Chief Executive Officer, who has been determined to be the Chief Operating Decision Maker (“CODM”). For all of the segments, the CODM uses segment earnings before income taxes in the annual budgeting and forecasting process. The CODM also considers budget-to-actual variances on a monthly basis for this profit measure when making decisions about allocating capital.
20.Segmented information (continued)
 
Year ended December 31, 2024
 Regulated Services GroupHydro GroupCorporate Group
Total (2)
Revenue (1)
$2,228,642 $35,328 $— $2,263,970 
Other revenue53,355 792 1,421 55,568 
Fuel, power, water purchased and other cost of sales
594,116 213 — 594,329 
Net revenue1,687,881 35,907 1,421 1,725,209 
Operating expenses861,758 8,835 9,357 879,950 
Depreciation and amortization387,162 6,762 1,763 395,687 
Loss on foreign exchange
— — 3,483 3,483 
Operating income (loss)438,961 20,310 (13,182)446,089 
Interest expense(191,733)(915)(170,928)(363,576)
Income from long-term investments
33,444 19 101,434 134,897 
Other expenses(32,275)9 (7,964)(40,230)
Earnings (loss) before income taxes$248,397 $19,423 $(90,640)$177,180 
Property, plant and equipment$9,284,365 $136,759 $28,971 $9,450,095 
Investments carried at fair value2,058 — — 2,058 
Equity-method investees38,113 — — 38,113 
Total assets (3)
12,927,864 152,355 185,902 13,266,121 
Capital expenditures$756,230 $6,600 $1,000 $763,830 
(1) Regulated Services Group revenue includes $30,396 related to alternative revenue programs for the year ended December 31, 2024
that do not represent revenue recognized from contracts with customers.
(2) Reflect results of continuing operations.
(3) Excluding held for sale assets of $3,695,636.
20.Segmented information (continued)
 
Year ended December 31, 2023
 Regulated Services GroupHydro GroupCorporate Group
Total (2)
Revenue (1)
$2,315,722 $34,322 $— $2,350,044 
Other revenue51,137 1,296 1,447 53,880 
Fuel, power, water purchased and other cost of sales
742,974 530 — 743,504 
Net revenue1,623,885 35,088 1,447 1,660,420 
Operating expenses811,359 8,565 3,990 823,914 
Depreciation and amortization346,188 6,659 1,232 354,079 
Asset impairment charge
— — 1,481 1,481 
Loss on foreign exchange
— — 13,659 13,659 
Operating income (loss)466,338 19,864 (18,915)467,287 
Interest expense(160,999)(1,177)(146,264)(308,440)
Income (loss) from long-term investments44,953 3 (128,891)(83,935)
Other expenses(121,146)(5,271)(10,610)(137,027)
Earnings (loss) before income taxes$229,146 $13,419 $(304,680)$(62,115)
Property, plant and equipment$8,945,637 $146,385 $34,751 $9,126,773 
Investments carried at fair value1,962 — 1,052,703 1,054,665 
Equity-method investees112,180 — 500 112,680 
Total assets (2)
12,658,955 140,880 1,387,161 14,186,996 
Capital expenditures$740,768 $6,659 $1,232 $748,659 
(1) Regulated Services Group revenue includes $32,839 related to alternative revenue programs for the year ended December 31, 2023
that do not represent revenue recognized from contracts with customers.
(2) Reflect results of continuing operations.
(3) Excluding held for sale assets of $4,186,965.
20.Segmented information (continued)
AQN operates in the independent utilities industry in the United States, Canada and other regions. Information on operations by geographic area is as follows:
20242023
Revenue
United States$1,852,407 $1,942,582 
Canada91,612 95,306 
Other regions375,519 366,036 
$2,319,538 $2,403,924 
Property, plant and equipment
United States$8,362,512 $7,900,250 
Canada328,452 460,200 
Other regions759,131 766,323 
$9,450,095 $9,126,773 
Intangible assets
United States$15,250 $15,028 
Canada252 275 
Other regions53,634 57,161 
$69,136 $72,464 
Revenue is attributed to the regions based on the location of the underlying generating and utility facilities.