AltaGas Ltd reports results for the quarter ended March 31 - Earnings Summary

AltaGas

01/05/2025 14:32

AltaGas Ltd ALA.TO reported quarterly adjusted earnings of C$1.14​​ per share for the quarter ended March 31, identical to the same quarter last year.  The mean expectation of seven analysts for the quarter was for earnings of C$1.13 per share. Wall Street expected results to range from C$1.12  to C$1.16 per share.

Revenue rose 8.6% to C$3.97 billion from a year ago; analysts expected C$3.64 billion.

AltaGas Ltd's reported EPS for the quarter was C$1.31​.

The company reported quarterly net income of C$392 million.

AltaGas Ltd shares had risen by 3.4% this quarter and gained 21.9% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 2.1% 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 7 "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$40.00

This summary was machine generated from LSEG data May 1 at 01:32 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
Mar. 31 2025
1.13
1.14
Beat
Dec. 31 2024
0.71
0.76
Beat
Sep. 30 2024
0.09
0.14
Beat
Jun. 30 2024
0.11
0.14
Beat