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AltaGas ( (TSE:ALA) ) just unveiled an update.
AltaGas reported strong fourth-quarter and full-year 2025 results, with normalized EBITDA rising 5% year over year to $1.863 billion, landing at the top end of guidance. Earnings were supported by record LPG exports to Asia, higher midstream throughput, improved utilities performance and best-ever safety metrics, underscoring operational discipline across the portfolio.
The company highlighted major progress on growth projects, including the in-service Pipestone II plant, continued on-budget construction of the Ridley Island Energy Export Facility and storage expansions at Dimsdale backed by long-term contracts. AltaGas is also advancing its Mountain Valley Pipeline interests, a new Keweenaw Connector line and data-center related utility projects, while recent regulatory wins such as a rate base increase in Washington, D.C., bolster future earnings visibility.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$48.00 price target. To see the full list of analyst forecasts on AltaGas stock, see the TSE:ALA Stock Forecast page.
Spark’s Take on TSE:ALA Stock
According to Spark, TipRanks’ AI Analyst, TSE:ALA is a Neutral.
AltaGas’s overall stock score is driven by a positive earnings call and reasonable valuation. The company’s strategic investments and growth projects enhance its future potential. However, challenges in financial performance, particularly in revenue growth and leverage, and neutral technical indicators slightly offset these strengths.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas Ltd. is a Calgary-based energy infrastructure company operating in midstream and regulated utilities across North America. Its primary businesses include natural gas gathering, processing, storage and liquefied petroleum gas exports, alongside gas distribution utilities serving U.S. jurisdictions, with a growing focus on Asian LPG markets and emerging data center demand.
Average Trading Volume: 932,778
Technical Sentiment Signal: Buy
Current Market Cap: C$14.84B
Learn more about ALA stock on TipRanks’ Stock Analysis page.