The earnings call highlighted strong financial and operational performance with significant growth in both the utilities and midstream segments, favorable export metrics, and successful strategic agreements. Despite regulatory and market challenges and a delay in the MVP sale, the company's strategic priorities and growth trajectory remain solid.

Company Guidance

During the AltaGas Second Quarter 2025 Financial Results Conference Call, the company provided several key metrics and updates that guide their outlook. AltaGas reported a normalized EBITDA of $342 million for Q2, reflecting a 16% increase from the same period in 2024. Normalized EPS nearly doubled to $0.27 compared to $0.14 the previous year. The company exceeded their global exports tolling target with over 100,000 barrels per day for the 2027 NGL year and achieved record midstream export volumes of 128,000 barrels per day to Asia. AltaGas also filed a $65 million rate increase case in Virginia, expected to take effect in early 2026, and continued to advance other regulatory cases in D.C. They maintained a strong balance sheet with trailing leverage below target and outlined ongoing investments in modernization and expansion projects in their utilities segment, emphasizing their commitment to disciplined capital allocation to enhance shareholder value. The company reaffirmed their 2025 guidance and highlighted strategic priorities, including reducing commercial risks and advancing growth projects across their platforms.

Strong Financial Performance

Normalized EBITDA of $342 million in Q2 2025, a 16% increase from Q2 2024. Normalized EPS was $0.27, nearly double the $0.14 per share recorded in 2024.

Utilities and Midstream Growth

Utilities segment reported normalized EBITDA of $134 million, up 10% from $122 million in Q2 2024. Midstream segment delivered a strong quarter with normalized EBITDA of $215 million, a 23% increase from $175 million in the same period last year.

Record Export Volumes

Record second quarter global export volumes, with nearly 128,000 barrels per day of LPGs exported to Asia, a 4% increase year-over-year.

Strategic Agreements and Investments

New agreements with Keyera, BASF, and Pembina. Significant progress on major projects like Pipestone II and REEF with strong commercial support for global exports.

AltaGas (ATGFF) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

ATGFF Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 30, 2025	2025 (Q3)	0.04 / -	0.101	―	―	―
Aug 01, 2025	2025 (Q2)	0.17 / 0.19	0.101	92.86% (+0.09)
May 01, 2025	2025 (Q1)	0.82 / 0.82	0.822	0.00% (0.00)
Mar 07, 2025	2024 (Q4)	0.51 / 0.55	0.541	1.33% (<+0.01)
Oct 31, 2024	2024 (Q3)	0.07 / 0.10	0.072	40.00% (+0.03)
Aug 01, 2024	2024 (Q2)	0.08 / 0.10	0.043	133.33% (+0.06)
May 02, 2024	2024 (Q1)	0.75 / 0.82	0.706	16.33% (+0.12)
Mar 08, 2024	2023 (Q4)	0.55 / 0.54	0.454	19.05% (+0.09)
Nov 03, 2023	2023 (Q3)	0.05 / 0.07	0.072	0.00% (0.00)
Jul 28, 2023	2023 (Q2)	0.08 / 0.04	0.058	-25.00% (-0.01)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

ATGFF Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 01, 2025	$29.54	$29.84	+1.02%
May 01, 2025	$29.35	$28.82	-1.81%
Mar 07, 2025	$24.81	$25.45	+2.58%
Oct 31, 2024	$23.50	$23.35	-0.64%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does AltaGas Ltd. (ATGFF) report earnings?

AltaGas Ltd. (ATGFF) is schdueled to report earning on Oct 30, 2025, Before Open (Confirmed).

What is AltaGas Ltd. (ATGFF) earnings time?

AltaGas Ltd. (ATGFF) earnings time is at Oct 30, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is ATGFF EPS forecast?

ATGFF EPS forecast for the fiscal quarter 2025 (Q3) is 0.04.

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