Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
AltaGas Ltd. (TSE:ALA)
TSX:ALA
Holding TSE:ALA?
Track your performance easily
Earnings Data
Report Date
Feb 27, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.73Last Year’s EPS
0.75Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 30, 2018
|% Change Since: 4.59%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong financial performance and record export volumes, indicating robust business growth. However, challenges such as operational disruptions due to wildfires and rail strikes, and weather impacts in the utilities segment were noted. Overall, the positive aspects, particularly in financial metrics and project progress, outweigh the challenges.Company Guidance
During the AltaGas Q3 2024 earnings call, management provided several key financial metrics and guidance updates. The company reported a normalized EBITDA of $294 million, marking a 17% year-over-year growth, while normalized EPS nearly doubled to $0.14. AltaGas anticipates its 2024 normalized EBITDA to reach the upper end of its guidance range. The company achieved record global export volumes, exporting over 128,000 barrels per day of LPGs to Asia. Investments in utilities amounted to approximately $190 million, focusing on modernization and safety improvements. The Mountain Valley pipeline, operational since July 2024, is performing as expected, and the company is in the early phases of price discovery for its 10% stake. AltaGas also outlined strong construction progress for its REEF and Pipestone II projects, both on time and on budget, with the latter securing 100% of its revenues through long-term contracts. Additionally, AltaGas issued $900 million in hybrid notes, enhancing its balance sheet flexibility and targeting a long-term leverage ratio of 4.65x including 50% debt treatment of the hybrid and preferred capital.Strong Q3 Financial Performance
Normalized EBITDA of $294 million in Q3, representing a 17% growth year-over-year, and normalized EPS of $0.14, nearly double last year's figures.
Record Global Export Volumes
Achieved record global export volumes with over 128,000 barrels per day of LPGs exported to Asia.
Utilities Business Performance
Utilities business performance exceeded expectations, driven by partial settlement of Washington Gas' post-retirement benefit pension plan and continued capital investments.
Progress on Major Projects
Strong construction progress on REEF and Pipestone II, both remaining on time and on budget.
---
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
---
TSE:ALA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | C$33.44 | C$32.97 | -1.42% |
| Aug 01, 2024 | C$32.35 | C$33.08 | +2.25% |
| May 02, 2024 | C$29.32 | C$29.58 | +0.90% |
| Mar 08, 2024 | C$28.48 | C$27.90 | -2.03% |
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. (TSE:ALA) report earnings?
AltaGas Ltd. (TSE:ALA) is schdueled to report earning on Feb 27, 2025, TBA Not Confirmed.
What is AltaGas Ltd. (TSE:ALA) earnings time?
AltaGas Ltd. (TSE:ALA) earnings time is at Feb 27, 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 2024 (Q4) is 0.73.
---