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AltaGas Ltd. (TSE:ALA)
TSX:ALA
Earnings Data
Report Date
Apr 24, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.13Last Year’s EPS
1.14Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 07, 2025
|% Change Since: 7.75%
|Next Earnings Date:Apr 24, 2025
Earnings Call Sentiment|Positive
AltaGas demonstrated strong financial and operational performance with record safety improvements and successful project progress. However, challenges such as regulatory hurdles and impacts of U.S. tariffs indicate areas of concern.Company Guidance
During the AltaGas Fourth Quarter 2024 Financial Results Conference Call, the company provided robust guidance and updates on several key metrics. AltaGas reported a 2024 normalized EBITDA of $1.77 billion, marking a 12% increase year-over-year, and normalized EPS of $2.18, a 15% rise from the previous year. The company highlighted its substantial investment in its utilities business, deploying over $730 million in capital, and adding more than 12,000 new customers. AltaGas also achieved record global export volumes of over 122,000 barrels per day of LPG to Asia. The construction of major midstream growth projects, Pipestone II and REEF, remains on track, with significant progress noted. The company's strategic focus on reducing leverage resulted in a decrease of adjusted net debt by approximately $460 million year-over-year, moving closer to its target leverage ratio. Looking forward, AltaGas reaffirmed its 2025 guidance range for normalized EPS between $2.10 to $2.30 and normalized EBITDA between $1.775 billion to $1.875 billion.Record Safety Performance
AltaGas reported a 33% improvement in safety performance in 2024 compared to 2023, marking the best safety year ever for the company.
Strong Financial Performance
2024 normalized EBITDA was $1.77 billion, up 12% year-over-year, and normalized EPS was $2.18, up 15% year-over-year, both at the top-end of guidance ranges.
Record Global Export Volumes
AltaGas achieved record global export volumes of over 122,000 barrels per day of LPG to Asia in 2024, with customer demand remaining strong.
Successful Midstream and Utilities Investments
AltaGas made significant progress on Pipestone 2 and REEF projects, with both remaining on time and on budget. Utilities investments led to the addition of over 12,000 new customers.
Leverage and Financial Flexibility
AltaGas continued to reduce leverage, providing additional financial flexibility to execute strategic plans.
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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 |
|---|---|---|---|
| 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% |
| May 02, 2024 | C$29.08 | C$29.34 | +0.90% |
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 Apr 24, 2025, TBA Not Confirmed.
What is AltaGas Ltd. (TSE:ALA) earnings time?
AltaGas Ltd. (TSE:ALA) earnings time is at Apr 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 (Q1) is 1.13.
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