Research Analysts Offer Predictions for AltaGas Q2 Earnings

AltaGas Ltd. (TSE:ALA) – Equities research analysts at Atb Cap Markets dropped their Q2 2025 earnings estimates for AltaGas in a report issued on Thursday, May 1st. Atb Cap Markets analyst N. Heywood now anticipates that the company will post earnings of $0.18 per share for the quarter, down from their previous estimate of $0.20. The consensus estimate for AltaGas’ current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas’ Q4 2025 earnings at $0.83 EPS, Q1 2026 earnings at $1.20 EPS, Q2 2026 earnings at $0.18 EPS, Q3 2026 earnings at $0.19 EPS, Q4 2026 earnings at $0.87 EPS and FY2027 earnings at $2.66 EPS.

AltaGas (TSE:ALA) last announced its quarterly earnings results on Friday, March 7th. The company reported C$0.76 earnings per share (EPS) for the quarter. AltaGas had a return on equity of 6.36% and a net margin of 4.04%.

Other research analysts have also issued reports about the stock. Royal Bank of Canada raised their price objective on shares of AltaGas from C$40.00 to C$43.00 and gave the company an “outperform” rating in a research note on Friday, May 2nd. Jefferies Financial Group raised their price target on shares of AltaGas from C$38.00 to C$40.00 in a research report on Wednesday, April 30th. JPMorgan Chase & Co. boosted their price objective on AltaGas from C$39.00 to C$41.00 in a report on Monday, April 21st. Scotiabank raised their target price on AltaGas from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Friday, May 2nd. Finally, CIBC lifted their target price on AltaGas from C$42.00 to C$43.00 and gave the company an “outperform” rating in a research report on Friday, May 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$41.33.

AltaGas Price Performance

Shares of ALA opened at C$38.74 on Monday. The stock has a market cap of C$11.53 billion, a P/E ratio of 22.45, a P/E/G ratio of -4.97 and a beta of 1.23. The business’s fifty day moving average is C$38.51 and its 200 day moving average is C$35.58. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. AltaGas has a 12-month low of C$29.67 and a 12-month high of C$40.98.

AltaGas Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a $0.315 dividend. The ex-dividend date was Monday, March 17th. This represents a $1.26 annualized dividend and a yield of 3.25%. This is a boost from AltaGas’s previous quarterly dividend of $0.30. AltaGas’s payout ratio is currently 68.98%.

Insider Buying and Selling at AltaGas

In other AltaGas news, Senior Officer Randy Warren Toone sold 92,000 shares of the stock in a transaction on Thursday, April 3rd. The stock was sold at an average price of C$39.19, for a total transaction of C$3,605,480.00. Also, Director Peter James Ledig sold 25,200 shares of the business’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of C$38.35, for a total value of C$966,420.00. Insiders sold 398,414 shares of company stock worth $15,302,227 in the last quarter. 0.58% of the stock is currently owned by company insiders.

AltaGas Company Profile

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage.