07:09 AM EDT, 08/08/2025 (MT Newswires) -- Algonquin Power & Utilities ( AQNB ) on Friday reported lower second-quarter adjusted earnings.

Adjusted net earnings, stripped of most one-time items, fell 13% to US$36.2 million, or US$0.04 per share, from US$41.5 million, or US$0.06 per share, in the prior year period. The result met the consensus analyst forecast of US$0.04 per share, according to FactSet.

Algonquin maintained its adjusted earnings per share forecast (released in June) for 2025 through to 2027 at US$0.30 -US$0.32 for 2025, US$0.35 - US$0.37 for 2026, and US$0.42 - US$0.46 for 2027.

The company will pay a quarterly dividend of US$0.065 per share on Oct.15.

"Our second quarter results reflect continued execution, and we remain on track to meet our previously-disclosed financial outlook for 2025," said Rod West, chief executive officer. "As we sharpen our focus on customer service, operational excellence and execution, we expect that these foundational efforts will continue to lay the groundwork for stronger performance and position the company for long-term, sustainable growth and value creation."