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The latest announcement is out from AltaGas ( (TSE:ALA) ).
AltaGas has announced a new long-term tolling agreement with Keyera Corp., which will see an additional 12,500 barrels per day of liquified petroleum gases flow through AltaGas’ west coast export facilities starting in 2028. This agreement, which builds on a previous contract, increases Keyera’s total LPG export capacity to 25,000 barrels per day, aimed at accessing premium markets in Asia. The deal underscores AltaGas’ strategic focus on market diversification and leveraging its global exports platform to mitigate tariff impacts and connect Canadian energy products to high-value global markets. Construction on the Ridley Island Energy Export Facility is progressing, with significant milestones achieved, further de-risking the project execution.
The most recent analyst rating on (TSE:ALA) stock is a Buy with a C$40.00 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 Outperform.
AltaGas demonstrates strong financial health and strategic growth, particularly in its utilities segment. While technical indicators and valuation suggest growth potential, caution is warranted due to midstream challenges and market volatility. Overall, the stock presents a solid investment opportunity with balanced risk.
To see Spark’s full report on TSE:ALA stock, click here.
More about AltaGas
AltaGas is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. The company operates a diversified energy infrastructure business focused on delivering resilient and durable value for its stakeholders. AltaGas’ Midstream business provides global market access for North American LPGs, offering producers and aggregators the best netbacks while enhancing supply diversity and energy security for downstream customers in Asia.
YTD Price Performance: 14.84%
Average Trading Volume: 963,057
Technical Sentiment Signal: Buy
Current Market Cap: C$11.4B
Learn more about ALA stock on TipRanks’ Stock Analysis page.