AltaGas Ltd's recent earnings report shows a significant upside, with EPS surpassing estimates by nearly 41%.
In its latest earnings report for Q2 2026, AltaGas Ltd (ALA.TO) performed remarkably, posting earnings per share (EPS) of CAD 0.31. This figure exceeded analyst expectations of CAD 0.22 by 40.91%. This achievement continues the company's strong earnings trend, having beaten estimates in three of the last four quarters.
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
+0.13%
Beta
0.49
Analyst Price Targets
Based on analyst covering ALA
Wall Street analysts forecast ALA stock price to rise 8.1% 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
+8.1% Upside
Current Price
C$55.58
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
18.0%
Annualized
90-Day Vol
18.4%
Annualized
Trend (90d)
+37.6%
Annualized drift
90d Mean
C$63.57
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$58.12 | C$54.62 – C$61.86 |
| 60 trading days | C$60.79 | C$55.66 – C$66.38 |
| 90 trading days | C$63.57 | C$57.07 – C$70.81 |
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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Investor takeaway: Investors should note the strong performance in the Midstream segment and the raised guidance for the year, reflecting a positive outlook despite challenges in project execution.
EPS Surprises Upward by 40.9%
AltaGas's EPS of CAD 0.31 not only beat estimates but also marks a 15% increase compared to CAD 0.27 in the same quarter last year.
Bull case
The strong growth in normalized EBITDA and the rise in export volumes show that AltaGas can take advantage of favorable market conditions, especially in the LPG sector. The raised guidance indicates confidence in continued growth.
Bear case
However, potential delays and rising costs related to the Ridley Island Energy Export Facility (REEF) could affect future earnings. Additionally, the sustainability of high global export spreads remains uncertain.
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Wealth Awesome
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