Algonquin Power & Utilities (AQN) Operating Expenses (2009 - 2026)
Algonquin Power & Utilities (AQN) reported Operating Expenses of $218.4 million for the quarter ended Jun 30, 2026, up 3.3% from $211.5 million a year earlier but down 10.1% from the prior quarter.
Algonquin Power & Utilities (AQN) Operating Expenses (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Algonquin Power & Utilities' Operating Expenses came in at $905.1 million, up 4.2% year-over-year; for the year ended Dec 31, 2025, it was $870.4 million, down 0.3% from the prior year.
- Operating Expenses has a five-year compound annual growth rate of 11.0% (years ended Dec 2020 to Dec 2025).
- By year, Operating Expenses came in at $873.4 million in the year ended Dec 31, 2024 (+6.0%), $823.91 million in the year ended Dec 31, 2023 (-3.2%), $851.49 million in the year ended Dec 31, 2022 (+21.3%) and $702.13 million in the year ended Dec 31, 2021 (+35.9%).
- Five-year quarterly Operating Expenses spans a low of $173.79 million in the quarter ended Dec 31, 2021 and a high of $267.17 million in the quarter ended Jun 30, 2023.
- Year over year, Operating Expenses has now increased in each of the last three quarters, with growth averaging 6.1% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was the quarter ended Sep 30, 2021 (growth of 52.7%); the low point was the quarter ended Jun 30, 2024 (a decline of 19.9%).
- Per Business Quant data, the three quarters before the quarter ended Jun 30, 2026 came in at $243 million (quarter ended Mar 31, 2026), $229.4 million (quarter ended Dec 31, 2025) and $214.3 million (quarter ended Sep 30, 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Enel Chile | 292.57 Bn | 292.57 Bn | 890.00 Mn | -140.00 Mn |
| 2 | National Grid | 78.85 Bn | 60.37 Bn | - | - |
| 3 | Dominion Energy | 53.27 Bn | 55.95 Bn | - | 4.15 Bn |
| 4 | Xcel Energy | 44.01 Bn | 38.91 Bn | - | 2.41 Bn |
| 5 | Wec Energy | 32.84 Bn | 33.08 Bn | 1.51 Bn | 1.63 Bn |
| 6 | Ameren | 27.51 Bn | 27.59 Bn | - | 1.63 Bn |
| 7 | Fortis | 26.81 Bn | 27.29 Bn | 1.60 Bn | 626.05 Mn |
| 8 | Atmos Energy | 26.44 Bn | 25.21 Bn | 870.85 Mn | - |
| 9 | American Water Works Company | 25.73 Bn | 25.14 Bn | - | 813.00 Mn |
| 10 | Algonquin Power & Utilities | 3.86 Bn | 4.00 Bn | 536.70 Mn | 218.40 Mn |
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 218.40 Mn |
| Mar 31, 2026 | 243.00 Mn |
| Dec 31, 2025 | 229.40 Mn |
| Sep 30, 2025 | 214.30 Mn |
| Jun 30, 2025 | 211.50 Mn |
| Mar 31, 2025 | 201.60 Mn |
| Dec 31, 2024 | 227.40 Mn |
| Sep 30, 2024 | 227.90 Mn |
| Jun 30, 2024 | 214.10 Mn |
| Mar 31, 2024 | 206.50 Mn |
| Dec 31, 2023 | 181.57 Mn |
| Sep 30, 2023 | 210.49 Mn |
| Jun 30, 2023 | 267.17 Mn |
| Mar 31, 2023 | 238.12 Mn |
| Dec 31, 2022 | 216.51 Mn |
| Sep 30, 2022 | 216.65 Mn |
| Jun 30, 2022 | 206.33 Mn |
| Mar 31, 2022 | 212.00 Mn |
| Dec 31, 2021 | 173.79 Mn |
| Sep 30, 2021 | 177.20 Mn |
Algonquin Power & Utilities Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=AQN&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "AQN", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=AQN&period=max&api_key=YOUR_API_KEY");
const data = await res.json();