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

AltaGas

Today 17:26

AltaGas Ltd. ALA.TO reported quarterly adjusted earnings of 29 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 4 cents.  The mean expectation of eight analysts for the quarter was for earnings of 14 cents per share. Wall Street expected results to range from 7 cents to 21 cents per share.
Revenue rose 32.1% to C$3.43 billion from a year ago; analysts expected C$2.69 billion. 
AltaGas Ltd.'s reported EPS for the quarter was a loss of 7 cents​.
The company reported a quarterly loss of C$21 million.
AltaGas Ltd. shares had risen by 7.6% this quarter and gained 34.3% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 49.2% in the last three months.​ 
In the last 30 days, there have been no negative revisions of 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 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$60.00, about 6.3% above its last closing price of C$56.21
This summary was machine generated from LSEG data October 29 at 05:25 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
Sep. 30 2026 
0.14
0.29
Beat
Jun. 30 2026 
0.22
0.31
Beat
Mar. 31 2026 
1.24
1.33
Beat
Dec. 31 2025 
0.76
0.77
Beat