Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An update from AltaGas ( (TSE:ALA) ) is now available.
AltaGas announced a planned CFO transition, with long-serving finance chief James Harbilas retiring in April 2026 and moving into a strategic advisor role while Sean Brown, a veteran energy and capital markets executive and former Gibson Energy CFO, assumes the role immediately to support the company’s next phase of strategic and financial execution. Operationally, AltaGas reported that its Pipestone II gas processing facility has reached full commercial operations and is ramping toward full contracted capacity, while the company approved a $165 million Phase II expansion of its Dimsdale gas storage facility—bringing total storage expansion spending in the Alberta Montney to about $230 million under long-term take-or-pay contracts—and secured a key U.S. regulatory approval for the MVP Southgate pipeline extension, collectively reinforcing AltaGas’ long-term midstream growth platform and its positioning in Western Canadian gas markets and U.S. pipeline infrastructure.
The most recent analyst rating on (TSE:ALA) stock is a Hold with a C$44.00 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 Canadian energy infrastructure company focused on midstream and utility operations, including natural gas processing, liquids handling and gas storage, with a strong presence in the Alberta Montney, one of Western Canada’s most active liquids-rich natural gas regions. The company’s strategy emphasizes disciplined capital allocation, long-term take-or-pay contracting, and leveraging strategically located assets to support growing North American gas and LNG-related demand.
Average Trading Volume: 981,587
Technical Sentiment Signal: Buy
Current Market Cap: C$12.45B
See more data about ALA stock on TipRanks’ Stock Analysis page.