AltaGas Ltd delivered a strong earnings surprise in its recent report, showing resilience in a tough market.
Recent earnings trend
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AltaGas Ltd
ALA.TO
ALA.TO
AltaGas Ltd
WealthAwesomeMarket cap
$17.40B
P/E
28.2x
Div. yield
2.32%
Div. / share
$1.30
52W high
$57.52
52W low
$38.65
1W change
-2.45%
Beta
0.49
Analyst Price Targets
Based on analyst covering ALA
Wall Street analysts forecast ALA stock price to rise 7.7% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$60.09
+7.7% Upside
Current Price
C$55.78
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
18.2%
Annualized
90-Day Vol
18.4%
Annualized
Trend (90d)
+39.4%
Annualized drift
90d Mean
C$64.20
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$58.46 | C$54.90 – C$62.24 |
| 60 trading days | C$61.26 | C$56.06 – C$66.94 |
| 90 trading days | C$64.20 | C$57.59 – C$71.57 |
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 |
|---|---|---|---|---|
| 2026-09-30 | 2026-10-29 | — | 0.0700 | — |
| 2026-06-30 | 2026-07-29 | 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% |
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On July 29, 2026, AltaGas Ltd (TSX: ALA) reported its second-quarter earnings, revealing earnings per share (EPS) of CAD 0.31, which exceeded the estimated CAD 0.22 by 40.9%. This marks AltaGas's third earnings beat in the last four quarters, highlighting its solid operational execution and favorable market conditions.
Investor takeaway: Investors should pay attention to AltaGas's impressive results and raised guidance for 2026, reflecting confidence in its operational strategy and market position. However, ongoing challenges with the Ridley Island Energy Export Facility (REEF) and potential volatility in global LPG markets suggest a cautious approach.
EPS Surprises by 40.9%
The company's EPS of CAD 0.31 significantly surpassed analyst expectations of CAD 0.22, showcasing strong operational performance despite a challenging economic landscape.
Bull case
The midstream segment has experienced impressive growth, with record LPG exports and strong global demand, positioning AltaGas well for future profitability. The raised guidance for normalized EBITDA and EPS also indicates a positive outlook.
Bear case
While AltaGas's results are noteworthy, delays and increased costs related to the REEF project could affect future earnings. Additionally, reliance on global market conditions presents risks, particularly with geopolitical tensions impacting supply chains.
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