Algonquin Power & Utilities Corp. operates through two primary business units: the Regulated Services Group and the Hydro Group. The Regulated Services Group is the core driver of the business, delivering electricity, natural gas, water distribution, and wastewater collection services to approximately 1.2 million customer connections. Its geographic footprint spans 13 U.S. states, one Canadian province, Bermuda, and Chile, with the vast majority of revenue generated in the United States. The Hydro Group manages a portfolio of legacy hydroelectric generation facilities in Canada. In early 2025, the company completed a strategic pivot by divesting its non-hydro renewable energy business for approximately $2.1 billion to focus entirely on stable, rate-regulated utility operations.
