2019-2020 Winter Dividend Achiever Canadian Companies

摘要

Business Summary: Water Utilities (MIC: 3.2.1 SIC: 1623 NAIC: 488390) Algonquin Power & Utilities is a generation, transmission and distribution utility company. Co.'s distribution business operates in the U.S. under the name of Liberty Utilities Co. and provides rate regulated water, electricity and natural gas utility services. Co.'s generation business operates under the name Algonquin Power Co. and owns or has interests in non-regulated North American based contracted wind, solar, hydroelectric and natural gas powered generating facilities. Co.'s transmission business operates under the name Liberty Utilities (Pipeline & Transmission) and invests in rate regulated electric transmission and natural gas pipeline systems in the U.S. and Canada. Recent Developments: For the quarter ended Sep 30 2019, net income increased 111.4% to US$111.4 million from US$52.7 million in the year-earlier quarter. Revenues were US$365.6 million, down 0.2% from US$366.2 million the year before. Operating income was US$84.3 million versus US$84.8 million in the prior-year quarter, a decrease of 0.7%. Direct operating expenses declined 2.3% to US$201.4 million from US$206.1 million in the comparable period the year before. Indirect operating expenses increased 6.0% to US$79.9 million from US$75.3 million in the equivalent prior-year period.