Algonquin Power & Utilities Corp. (AQN) has agreed to sell its approximately 64% stake in Chilean water utility Suralis S.A. for $126.5 million, plus a potential earn-out payment of up to $1.5 million. The transaction aims to reduce debt and reinvest the proceeds into the company's $3.2 billion regulated capital plan for 2026-2028. Analysts believe this move will help streamline operations and improve focus, but the relatively small size of the deal is unlikely to substantially alter the company's leverage or growth trajectory.