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Algonquin Power's Q2 Electricity Sales Rise While Gas Declines

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Algonquin Power & Utilities (AQN) reported a rise in electricity sales along with a dip in natural gas usage during its Q2 2026 results on Friday.

The Canadian utility company noted a 1% year-over-year increase in electricity usage across its distribution system, at 1,506.1 gigawatt-hours, compared to 1,487.7 GWh the prior year, which it attributed to favorable weather at the Empire District Electric System and Granite State Electric.

Residential consumption saw a strong rise to 573.3 GWh, up 4%, compared to 552.6 GWh last year, while commercial and industrial usage slipped slightly to 932.8 GWh, from 935.1 GWh.

Natural gas usage, meanwhile, fell 15% to 6.33 million MMBtu from 7.49 million MMBtu a year earlier, mainly due to unfavorable weather.

Price: $5.69, Change: $-0.07, Percent Change: -1.13%

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