Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. Announces 2016 Fourth Quarter and Year End Financial Results

March 6, 2017

Financial Highlights (Unaudited)

  • Annual revenue of $1.096 billion, an increase of 7%
  • Annual Adjusted EBITDA1 of $476.9 million, an increase of 27%
  • Annual Adjusted net earnings1 per share of $0.57, an increase of 24%
  • Fourth quarter revenues, Adjusted EBITDA, and Adjusted net earnings per share of $310.2 million, $138.3 million, and $0.18, respectively

Business Highlights

  • Receipt of all regulatory approvals for the acquisition of The Empire District Electric Company which closed on January 1, 2017
  • Renewable Generation Group adds 360 MW of installed capacity to clean energy portfolio
  • Liberty Utilities Group adds nearly 300,000 customer connections with Park Water and Empire acquisitions
  • Successful rate case outcomes in 2016 which will increase revenue by a total of U.S. $21.4 million on an annualized basis

Algonquin Power & Utilities Corp. (TSX: AQN, NYSE: AQN) ("APUC") today announced unaudited financial results for the fourth quarter and year ended December 31, 2016.  APUC's unaudited financial information and supplementary management commentary are available at www.AlgonquinPowerandUtilities.com and on SEDAR at www.sedar.com. All amounts are in Canadian dollars unless otherwise noted and all information contained in this news release is unaudited.

Click here to read the full press release.

For more information:

Algonquin Power & Utilities Corp.

2845 Bristol Cir
Oakville, Ontario
L6H 7H7
Tel: 905-465-4500

Link http://www.electricenergyonline.com/detail_news.php?ID=624968
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