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

AltaGas

30/07/2026 15:26

AltaGas Ltd ALA.TO reported quarterly adjusted earnings of 31 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 27 cents.  The mean expectation of seven analysts for the quarter was for earnings of 22 cents per share. Wall Street expected results to range from 17 cents to 29 cents per share.
Revenue rose 39.9% to C$3.98 billion from a year ago; analysts expected C$2.74 billion. 
AltaGas Ltd's reported EPS for the quarter was 92 cents​.
The company reported quarterly net income of C$288 million.
AltaGas Ltd shares had risen by 6.2% this quarter and gained 33.0% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​ 
In the last 30 days, one analyst negatively revised an earnings estimate
RECOMMENDATIONS
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 1 "hold" and no "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$56.00, about 0.6% above its last closing price of C$55.64
This summary was machine generated from LSEG data July 30 at 02:26 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 2026 
0.22
0.31
Beat
Mar. 31 2026 
1.24
1.33
Beat
Dec. 31 2025 
0.76
0.77
Beat
Sep. 30 2025 
0.05
0.04
Missed