07:16 AM EDT, 06/03/2025 (MT Newswires) -- Algonquin Power & Utilities ( AQNB ) on Tuesday said in an he years to 2027 it will focus on improving earned return on equity and adjusted earnings.

In its 2025 to 2027 outlook, Algonquin flagged a 300bps improvement to earned return on equity to 8.5% by 2027. The utility is also targeting estimated adjusted net earnings per share of $0.30 - $0.32 for 2025, $0.35 - $0.37 for 2026, and $0.42 - $0.46 for 2027.

Algonquin, which expects to maintain BBB investment grade ratings, said capital expenditures will be about $2.5 billion for 2025 - 2027.

"With a renewed stakeholder-centric focus we have a promising path forward, and I am confident in our ability to provide superior service for all customers, achieve constructive regulatory outcomes and deliver attractive financial results for our shareholders," said Chief Executive Rod West.