AltaGas has beaten EPS estimates in three of its last four comparable quarters. Its third-quarter report will show whether that run continues as analysts lower their expectations.
AltaGas Ltd. (TSX: ALA) is set to report third-quarter 2026 results before markets open on October 29. The quarter ended September 30. Four analysts expect EPS of C$0.09, with estimates ranging from C$0.05 to C$0.14. One analyst expects revenue of C$2.64 billion. The report will give investors an update on earnings and the company’s progress toward its 2026 outlook. See the AltaGas stock page for more company and share information.
Recent earnings trend
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AltaGas Ltd
ALA.TO
ALA.TO
AltaGas Ltd
WealthAwesomeMarket cap
$17.47B
P/E
28.1x
Div. yield
2.35%
Div. / share
$1.30
52W high
$57.15
52W low
$38.40
1W change
-2.11%
Beta
0.48
Analyst Price Targets
Based on analyst covering ALA · as of Oct 26, 2026
Wall Street analysts forecast ALA stock price to rise 8.9% over the next 12 months.
Consensus
Moderately BullishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$60.27
+8.9% Upside
Previously C$60.18 on Oct 23, 2026
Current Price
C$55.34
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on ALA's historical volatility
30-Day Vol
18.7%
Annualized
90-Day Vol
20.3%
Annualized
Trend (90d)
+5.3%
Annualized drift
90d Mean
C$57.07
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$56.35 | C$52.82 – C$60.10 |
| 60 trading days | C$56.71 | C$51.76 – C$62.13 |
| 90 trading days | C$57.07 | C$51.03 – C$63.82 |
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.
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Analyst coverage: 4 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 | — | 0.1400 | — |
| 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: The picture is mixed but encouraging. AltaGas beat estimates in three of its last four reported quarters, but the current EPS consensus has fallen from C$0.11 to C$0.09 over the past 30 days. The estimate is still above year-ago EPS of C$0.04. But with a wide forecast range and only a few analysts contributing estimates, consensus is just one part of the picture. Investors will also want to hear how operations and project timing fit with the guidance AltaGas raised after its second-quarter results.
C$0.09 EPS consensus
Analysts expect EPS of C$0.09 for the quarter ended September 30. That’s down from C$0.11 30 days ago and above year-ago EPS of C$0.04. Four analysts contributed estimates, which range from C$0.05 to C$0.14.
Bull case
AltaGas’s recent results give investors a reason for optimism. The company beat EPS estimates in the June, March and December 2025/2026 quarters, with its largest listed surprise in the June 2026 quarter. In July, AltaGas reported record second-quarter results and normalized EBITDA of C$391 million. It also raised its 2026 normalized EBITDA guidance to C$2.0–C$2.1 billion and EPS guidance to C$2.35–C$2.60. If third-quarter results and management’s comments support that outlook, investors may see the current estimate as achievable. Forecast EPS of C$0.09 is also above the year-ago figure of C$0.04, though that comparison alone doesn’t show a broader trend.
Bear case
Analysts have lowered the EPS consensus from C$0.11 to C$0.09 in the past month. One analyst raised their estimate and one lowered it. Revenue estimates come from just one analyst, while EPS estimates range from C$0.05 to C$0.14, making the consensus uncertain. AltaGas also reported higher REEF costs and moved its target for commercial operations to before the end of the first quarter of 2027 in its second-quarter update. Investors will look for more detail on costs and timing, and whether the company can meet its raised full-year guidance.
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