The earnings call reflected a strong quarter for AltaGas with significant financial growth and successful progress on key projects, particularly in the midstream and utilities segments. However, the company faces regulatory challenges in Maryland and delays in construction due to weather, alongside a slight decline in retail contributions. The sentiment remains positive due to the outweighing highlights.

Company Guidance -

Q3 2025

During the AltaGas Second Quarter 2025 Financial Results Conference Call, the company provided guidance indicating strong performance and strategic advancements. AltaGas reported a 16% increase in normalized EBITDA to $342 million and a nearly doubled normalized EPS of $0.27 compared to Q2 2024. They achieved record global export volumes of LPGs, reaching approximately 128,000 barrels per day. The company has exceeded its 2027 NGL year tolling target of 100,000 barrels per day and filed a $65 million rate case in Virginia. AltaGas continues to focus on strategic priorities, including maximizing asset returns, reducing financial leverage, and advancing growth projects like the REEF and Pipestone II, which are on schedule and within budget. The company remains committed to disciplined capital allocation, strong organic growth, and maintaining its 2025 guidance, while also emphasizing the importance of delivering reliable, affordable energy to its customers.

Strong Financial Performance

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

Record Export Volumes

Record second quarter global export volumes of LPGs, with almost 128,000 barrels per day delivered to Asia.

Successful Midstream Growth

Midstream throughput grew by 6% year-over-year, driven by Montney assets, and normalized EBITDA for the Midstream segment increased by 23% from the same period last year.

Utilities Segment Growth

Utilities delivered a 10% growth in normalized EBITDA from Q2 2024, driven by modernization investments, improved asset optimization, and colder weather in Michigan.

Expansion Projects on Track

Construction on REEF and Pipestone II projects is progressing well, with REEF on time and on budget, and Pipestone II expected to be in service by late 2025.

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 / -	0.102	―	―	―
Aug 01, 2025	2025 (Q2)	0.17 / 0.20	0.102	92.86% (+0.09)
May 01, 2025	2025 (Q1)	0.83 / 0.83	0.827	0.00% (0.00)
Mar 07, 2025	2024 (Q4)	0.52 / 0.55	0.544	1.33% (<+0.01)
Oct 31, 2024	2024 (Q3)	0.07 / 0.10	0.073	40.00% (+0.03)
Aug 01, 2024	2024 (Q2)	0.08 / 0.10	0.044	133.33% (+0.06)
May 02, 2024	2024 (Q1)	0.75 / 0.83	0.711	16.33% (+0.12)
Mar 08, 2024	2023 (Q4)	0.55 / 0.54	0.457	19.05% (+0.09)
Nov 03, 2023	2023 (Q3)	0.06 / 0.07	0.073	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.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing