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AltaGas Ltd. (TSE:ALA)
TSX:ALA
Earnings Data
Report Date
Jul 24, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.24Last Year’s EPS
0.14Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 01, 2025
|% Change Since: -8.65%
|Next Earnings Date:Jul 24, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in the company's utilities segment and record export volumes, alongside strong progress in midstream projects. However, financial challenges in the midstream segment and market volatility due to global tariff issues were notable concerns.Company Guidance
During the AltaGas First Quarter 2025 Financial Results Conference Call, the company provided guidance reflecting its strategic priorities and strong performance. AltaGas reported a normalized EBITDA of $689 million in Q1 2025, up 4% from Q1 2024, and a normalized EPS of $1.15, slightly higher than the $1.14 per share from the previous year. The company has exceeded its global exports tolling target of 100,000 barrels per day for the 2027 NGL year, with a record first quarter global export volume of more than 119,000 barrels per day of LPGs to Asia. Utilities saw a 15% increase in normalized EBITDA to $501 million, driven by 13% higher heating degree days. AltaGas plans to deploy $1.4 billion in capital in 2025, with 51% allocated to Utilities and 45% to Midstream, including investments in its Pipestone II and REEF projects. The firm remains focused on reducing financial leverage, targeting a 4.65 times net debt to normalized EBITDA metric. The 2025 guidance includes a normalized EPS range of $2.10 to $2.30 and normalized EBITDA between $1.775 billion and $1.875 billion.Record Global Export Volume
AltaGas achieved a record first-quarter global export volume of more than 119,000 barrels per day of LPGs to Asia, marking a significant milestone in their export operations.
Utilities Segment Growth
The Utilities segment delivered normalized EBITDA of $501 million, a 15% increase year-over-year, driven by colder weather and active cost management.
Strong Progress on Midstream Projects
Continued progress on the REEF and Pipestone II midstream growth projects, with significant advancements in construction and contracting.
Normalized EBITDA Increase
The company reported a normalized EBITDA of $689 million, 4% higher than Q1 2024, reflecting ongoing business optimization.
Increased Long-term Contracting
AltaGas exceeded its global exports tolling target of 100,000 barrels per day for 2027, demonstrating strong demand and contract stability.
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TSE:ALA Earnings History
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
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TSE:ALA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2025 | C$40.80 | C$40.22 | -1.42% |
Mar 07, 2025 | C$35.75 | C$37.11 | +3.80% |
Oct 31, 2024 | C$33.17 | C$32.70 | -1.42% |
Aug 01, 2024 | C$32.08 | C$32.80 | +2.25% |
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.
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FAQ
When does AltaGas Ltd. (TSE:ALA) report earnings?
AltaGas Ltd. (TSE:ALA) is schdueled to report earning on Jul 24, 2025, TBA Not Confirmed.
What is AltaGas Ltd. (TSE:ALA) earnings time?
AltaGas Ltd. (TSE:ALA) earnings time is at Jul 24, 2025, TBA Not 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 TSE:ALA EPS forecast?
TSE:ALA EPS forecast for the fiscal quarter 2025 (Q2) is 0.24.
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