AltaGas Ltd reports results for the quarter ended June 30 - Earnings Summary

AltaGas

01/08/2025 14:31

AltaGas Ltd ALA.TO reported quarterly adjusted earnings of 27 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 14 cents.  The mean expectation of seven analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 18 cents to 28 cents per share.

Revenue rose 2.5% to C$2.84 billion from a year ago; analysts expected C$2.93 billion.

AltaGas Ltd's reported EPS for the quarter was 58 cents​.

The company reported quarterly net income of C$175 million.

AltaGas Ltd shares had risen by 3.5% this quarter and gained 22.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 8.5% in the last three months.​

In the last 30 days, three analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the natural gas utilities peer group is also "buy"

Wall Street's median 12-month price target for AltaGas Ltd is C$43.00, about 4.9% above its last closing price of C$40.91

This summary was machine generated from LSEG data August 1 at 01:31 p.m. UTC. ​All figures in Canadian dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDING
ESTIMATE
ACTUAL
BEAT, MET, MISSED
Jun. 30 2025
0.23
0.27
Beat
Mar. 31 2025
1.13
1.14
Beat
Dec. 31 2024
0.71
0.76
Beat
Sep. 30 2024
0.09
0.14
Beat