AltaGas Ltd has shown strong performance in its latest quarterly earnings, proving its resilience in a challenging energy landscape.
Recent earnings trend
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AltaGas Ltd
ALA.TO
ALA.TO
AltaGas Ltd
WealthAwesomeMarket cap
$17.75B
P/E
34.0x
52W high
$57.52
52W low
$38.65
1W change
-2.02%
Beta
0.49
Analyst Price Targets
Based on analyst covering ALA
Wall Street analysts forecast ALA stock price to rise 3.4% over the next 12 months.
Consensus
NeutralBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$57.73
+3.4% Upside
Current Price
C$55.83
Last close
Analyst ratings and price targets are updated periodically. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ALA's historical volatility
30-Day Vol
18.4%
Annualized
90-Day Vol
18.4%
Annualized
Trend (90d)
+29.6%
Annualized drift
90d Mean
C$62.06
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$57.83 | C$54.27 – C$61.63 |
| 60 trading days | C$59.91 | C$54.76 – C$65.54 |
| 90 trading days | C$62.06 | C$55.59 – C$69.28 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
Analyst coverage: 5 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 3 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-06-30 | 2026-07-30 | 0.3100 | 0.2200 | +40.9% |
| 2026-03-31 | 2026-04-30 | 1.3300 | 1.2200 | +9.0% |
| 2025-12-31 | 2026-03-06 | 0.7700 | 0.7600 | +1.3% |
| 2025-09-30 | 2025-10-30 | 0.0400 | 0.0500 | -20.0% |
| 2025-06-30 | 2025-08-01 | 0.2700 | 0.2300 | +17.4% |
| 2025-03-31 | 2025-05-01 | 1.1400 | 1.1300 | +0.9% |
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In the second quarter of 2026, AltaGas Ltd (ALA.TO) reported earnings that significantly exceeded analyst expectations, achieving a remarkable 40.9% surprise. The company's normalized earnings per share (EPS) came in at $0.31, compared to the estimated $0.22, and marked an increase from last year's $0.27. This success is supported by record EBITDA and strong export volumes, leading to a positive outlook for the rest of the fiscal year.
Investor takeaway: For Canadian investors, AltaGas's strong earnings and raised guidance indicate a solid operational foundation and potential for continued growth in the energy sector. However, the delays and rising costs related to the Reef project deserve close attention.
EPS Surprises by 40.9% with Record EBITDA of $391 Million
AltaGas's normalized EBITDA reached $391 million, a 14% increase year-over-year, showcasing the company's operational strength amid market fluctuations.
Bull case
The company's record financial results, driven by increased global export volumes and strong utility performance, along with a solid balance sheet, position AltaGas for ongoing growth. The raised guidance for both normalized EBITDA and EPS reflects confidence in future profitability.
Bear case
Despite the strong earnings, there are potential risks, including delays in the Reef project and rising capital costs, which could affect future earnings. Additionally, the sustainability of high global export spreads remains uncertain.
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