Revenues of $528.6 million, an increase of 40% compared to the third quarter of 2020; Adjusted EBITDA1 of $252.0 million, an increase of 27% compared to the third quarter of 2020; Adjusted Net Earnings1 of $97.6 million, an increase of 11% compared to the third quarter of 2020; and Adjusted Net Earnings1 per share of $0.15, in line with the third quarter of 2020.
We are pleased to report solid earnings in the third quarter, underpinning AQN's diversified and resilient business model," said Arun Banskota, President and Chief Executive Officer of AQN. "We are excited about our recently announced agreement to acquire Kentucky Power Company and AEP Kentucky Transmission Company, Inc. This acquisition is expected to be a continuation of AQN's disciplined growth strategy, adding to our U.S. regulated footprint, and offers an opportunity for the Company to utilize its proven "greening the fleet" capabilities, aligning with our commitment to advancing a sustainable energy and water future."