AltaGas Ltd.

TSX:ALA Stock Report

Market Cap: CA$11.6b

AltaGas Past Earnings Performance

Past criteria checks 2/6

AltaGas has been growing earnings at an average annual rate of 10.7%, while the Gas Utilities industry saw earnings growing at 5.8% annually. Revenues have been growing at an average rate of 16.4% per year. AltaGas's return on equity is 6.2%, and it has net margins of 4.4%.

Key information

10.7%

Earnings growth rate

9.5%

EPS growth rate

Gas Utilities Industry Growth8.1%
Revenue growth rate16.4%
Return on equity6.2%
Net Margin4.4%
Last Earnings Update31 Mar 2025

Recent past performance updates

AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit

Nov 07
AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit

Recent updates

Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$38.99?

Mar 30
Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$38.99?

AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315

Mar 11
AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315

There's Been No Shortage Of Growth Recently For AltaGas' (TSE:ALA) Returns On Capital

Mar 01
There's Been No Shortage Of Growth Recently For AltaGas' (TSE:ALA) Returns On Capital

AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year

Feb 10
AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year

AltaGas Ltd.'s (TSE:ALA) Price In Tune With Earnings

Feb 07
AltaGas Ltd.'s (TSE:ALA) Price In Tune With Earnings

AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315

Jan 02
AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315

Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$32.57?

Dec 21
Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$32.57?

AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975

Dec 03
AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975
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Rising LPG Demand And Strategic Utilities Expansion Power Revenue Growth Potential

Nov 28 Capitalizing on Asian LPG demand and long-term contracts could enhance revenue stability and potential growth for AltaGas.

AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit

Nov 07
AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit

Investors Appear Satisfied With AltaGas Ltd.'s (TSE:ALA) Prospects

Nov 05
Investors Appear Satisfied With AltaGas Ltd.'s (TSE:ALA) Prospects

AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet

Sep 29
AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet

Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?

Sep 10
Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns

Aug 23
AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns

What AltaGas Ltd.'s (TSE:ALA) P/E Is Not Telling You

Jul 26
What AltaGas Ltd.'s (TSE:ALA) P/E Is Not Telling You

Here's Why AltaGas (TSE:ALA) Has Caught The Eye Of Investors

Jul 11
Here's Why AltaGas (TSE:ALA) Has Caught The Eye Of Investors

Is AltaGas (TSE:ALA) A Risky Investment?

May 24
Is AltaGas (TSE:ALA) A Risky Investment?

Revenue & Expenses Breakdown

How AltaGas makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

TSX:ALA Revenue, expenses and earnings (CAD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 2512,7625621,6050
31 Dec 2412,4485781,5850
30 Sep 2412,4774881,5500
30 Jun 2412,7484291,5770
31 Mar 2412,6046041,5590
31 Dec 2312,9976411,5000
30 Sep 2313,6065821,5040
30 Jun 2313,6335841,5140
31 Mar 2314,2434871,4830
31 Dec 2214,0873991,4940
30 Sep 2213,3301891,4780
30 Jun 2212,6122621,4530
31 Mar 2211,3802501,4440
31 Dec 2110,5732301,4110
30 Sep 219,1234351,3490
30 Jun 217,7533631,2530
31 Mar 216,8033601,2260
31 Dec 205,5874861,2090
30 Sep 205,4323341,2160
30 Jun 205,3514031,2610
31 Mar 205,4664231,2720
31 Dec 195,4957691,2720
30 Sep 195,6871,0461,2140
30 Jun 195,8412981,2280
31 Mar 195,2762591,0570
31 Dec 184,257-5028650
30 Sep 183,274-6877250
30 Jun 182,734575350
31 Mar 182,663475230
31 Dec 172,556305070
30 Sep 172,485795040
30 Jun 172,4761085000
31 Mar 172,3711324960
31 Dec 162,2011555020
30 Sep 162,100634910
30 Jun 162,049375120
31 Mar 162,054-15040
31 Dec 152,183104920
30 Sep 152,272744870
30 Jun 152,274714650
31 Mar 152,3031224540
31 Dec 142,401964510
30 Sep 142,3241394540
30 Jun 142,2681654480

Quality Earnings: ALA has high quality earnings.

Growing Profit Margin: ALA's current net profit margins (4.4%) are lower than last year (4.8%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: ALA's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: ALA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: ALA had negative earnings growth (-7%) over the past year, making it difficult to compare to the Gas Utilities industry average (12%).

Return on Equity

High ROE: ALA's Return on Equity (6.2%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/05/07 22:51
End of Day Share Price 2025/05/07 00:00
Earnings2025/03/31
Annual Earnings2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

AltaGas Ltd. is covered by 26 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nathan HeywoodATB Capital Markets
Anthony LintonBarclays
Benjamin PhamBMO Capital Markets Equity Research