Algonquin Power & Utilities Corp. (NYSE:AQN) Q2 2022 Results Conference Call August 12, 2022 10:00 AM ET

Company Participants

Amelia Tsang - Vice President, Investor Relations

Arun Banskota - President and Chief Executive Officer

Arthur Kacprzak - Chief Financial Officer

Jeff Norman - Chief Development Officer

Johnny Johnston - Chief Operating Officer

Conference Call Participants

Dariusz Lozny - Bank of America

Ben Pham - BMO

Operator

Good morning, ladies and gentlemen, and welcome to the Q2 Algonquin Power & Utilities Corporation Earnings Call. Following the presentation, there will be a question-and-answer session. [Operator Instructions]

I would not like to turn a call over to Amelia Tsang. Please go ahead.

Amelia Tsang

Thank you. Good morning, everyone. And thanks for joining us this morning for our second quarter 2022 earnings conference call. Presenting on the call today are Arun Banskota, our President and CEO; and Arthur Kacprzak, our Chief Financial Officer. Also joining us this morning for the question-and-answer part of the call will be Jeff Norman, our Chief Development Officer; and Johnny Johnston, our Chief Operating Officer.

To accompany our earnings call today, we have a supplemental webcast presentation available on our website, algonquinpowerandutilities.com. Our financial statements and management discussion and analysis are also available on the website as well as on SEDAR and EDGAR.

Before continuing the call, we would like to remind you that our discussion during the call will include certain forward-looking information, including, but not limited to, our expectations regarding earnings, capital expenditures, pending acquisitions, asset recycling, growth and pending legislation. At the end of the call, I will read a notice regarding both forward-looking information and non-GAAP measures. Please also refer to our most recent MD&A filed on SEDAR and EDGAR, and available on our website for additional important information on these items.

On our call this morning, Arun will provide an overview of our Q2 performance. Arthur will follow with the financial results, and then Arun will conclude with an update on our strategic plan for the business. We will then open the lines for questions. I ask that you restrict your questions to two and then requeue, if you have any additional questions to allow others the opportunity to participate.

And with that, I'll turn it over to Arun.

Arun Banskota

Thank you, Amelia, and a very good morning to those who have been able to join us on the call and online. I am pleased to report that we are on track with the following key financial metrics. Q2 adjusted EBITDA was $289.3 million or 18% increase year-over-year, and our Q2 adjusted net earnings per share was $0.16 compared to last year's $15.