E Here We Go Again

Retail sales came in below forecasts, up only 1.2%. News follows.

*Canada's Algonquin (AQN) reported on the 2nd quarter today in us dollars:

Q2 2020 Financial Highlights

  • Revenues of $343.6 million, consistent with the previous year;
  • Adjusted EBITDA of $176.3 million, compared to $190.0 million in 2019;
  • Adjusted Net Earnings of $47.4 million, compared to $54.5 million in 2019; and
  • Adjusted Net Earnings per share of $0.09, compared to $0.11 in 2019.

Key Financial Information

All amounts in U.S. $ millions except per share information

Quarter ended

June 30

Six months ended

June 30

2020

 

2019

 

Change

2020

 

2019

 

Change

Revenue

343.6

 

343.6

 

808.5

 

820.8

 

(1)%

Net earnings attributable to shareholders

286.2

 

156.6

 

83%

222.4

 

243.0

 

(8)%

Per share

0.54

 

0.31

 

74%

0.41

 

0.49

 

(16)%

Cash provided by operating activities

142.9

 

133.6

 

7%

209.8

 

255.7

 

(18)%

Adjusted Net Earnings1

47.4

 

54.5

 

(13)%

150.7

 

148.6

 

1%

Per share

0.09

 

0.11

 

(18)%

0.28

 

0.29

 

(3)%

Adjusted EBITDA1

176.3

 

190.0

 

(7)%

418.5

 

421.5

 

(1)%

Adjusted Funds from Operations1

93.4

 

127.2

 

(27)%

272.9

 

301.2

 

(9)%

Dividends per share

0.1551

 

0.1410

 

10%

0.2961

 

0.2692

 

10%

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William K. 5 months ago Member's comment

Interesting and encouraging since there are still profits, just not as much. But I think that I will hang-tight with my investments.