AltaGas Past Earnings Performance
Past criteria checks 4/6
AltaGas has been growing earnings at an average annual rate of 9.5%, while the Gas Utilities industry saw earnings growing at 8.7% annually. Revenues have been growing at an average rate of 25.1% per year. AltaGas's return on equity is 8.8%, and it has net margins of 4.9%.
Key information
9.5%
Earnings growth rate
9.9%
EPS growth rate
| Gas Utilities Industry Growth | 8.1% |
| Revenue growth rate | 25.1% |
| Return on equity | 8.8% |
| Net Margin | 4.9% |
| Next Earnings Update | 02 May 2024 |
Recent past performance updates
Recent updates
Revenue & Expenses BreakdownBeta
How AltaGas makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 12,997 | 641 | 1,500 | 0 |
| 30 Sep 23 | 13,606 | 582 | 1,507 | 0 |
| 30 Jun 23 | 13,633 | 584 | 1,514 | 0 |
| 31 Mar 23 | 14,243 | 487 | 1,483 | 0 |
| 31 Dec 22 | 14,087 | 399 | 1,494 | 0 |
| 30 Sep 22 | 13,330 | 189 | 1,478 | 0 |
| 30 Jun 22 | 12,612 | 262 | 1,453 | 0 |
| 31 Mar 22 | 11,380 | 250 | 1,444 | 0 |
| 31 Dec 21 | 10,573 | 230 | 1,411 | 0 |
| 30 Sep 21 | 9,123 | 435 | 1,349 | 0 |
| 30 Jun 21 | 7,753 | 363 | 1,253 | 0 |
| 31 Mar 21 | 6,803 | 360 | 1,226 | 0 |
| 31 Dec 20 | 5,587 | 486 | 1,209 | 0 |
| 30 Sep 20 | 5,432 | 334 | 1,216 | 0 |
| 30 Jun 20 | 5,351 | 403 | 1,261 | 0 |
| 31 Mar 20 | 5,466 | 423 | 1,272 | 0 |
| 31 Dec 19 | 5,495 | 769 | 1,272 | 0 |
| 30 Sep 19 | 5,687 | 1,046 | 1,214 | 0 |
| 30 Jun 19 | 5,841 | 298 | 1,228 | 0 |
| 31 Mar 19 | 5,276 | 259 | 1,057 | 0 |
| 31 Dec 18 | 4,257 | -502 | 865 | 0 |
| 30 Sep 18 | 3,274 | -687 | 725 | 0 |
| 30 Jun 18 | 2,734 | 57 | 535 | 0 |
| 31 Mar 18 | 2,663 | 47 | 523 | 0 |
| 31 Dec 17 | 2,556 | 30 | 507 | 0 |
| 30 Sep 17 | 2,485 | 79 | 504 | 0 |
| 30 Jun 17 | 2,476 | 108 | 500 | 0 |
| 31 Mar 17 | 2,371 | 132 | 496 | 0 |
| 31 Dec 16 | 2,201 | 155 | 502 | 0 |
| 30 Sep 16 | 2,100 | 63 | 491 | 0 |
| 30 Jun 16 | 2,049 | 37 | 512 | 0 |
| 31 Mar 16 | 2,054 | -1 | 504 | 0 |
| 31 Dec 15 | 2,183 | 10 | 492 | 0 |
| 30 Sep 15 | 2,272 | 74 | 487 | 0 |
| 30 Jun 15 | 2,274 | 71 | 465 | 0 |
| 31 Mar 15 | 2,303 | 122 | 454 | 0 |
| 31 Dec 14 | 2,401 | 96 | 451 | 0 |
| 30 Sep 14 | 2,324 | 139 | 454 | 0 |
| 30 Jun 14 | 2,268 | 165 | 448 | 0 |
| 31 Mar 14 | 2,261 | 172 | 445 | 0 |
| 31 Dec 13 | 2,052 | 182 | 431 | 0 |
| 30 Sep 13 | 2,003 | 155 | 412 | 0 |
| 30 Jun 13 | 1,899 | 120 | 388 | 0 |
Quality Earnings: ALA.PRG has a large one-off gain of CA$311.0M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: ALA.PRG's current net profit margins (4.9%) are higher than last year (2.8%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: ALA.PRG has become profitable over the past 5 years, growing earnings by 9.5% per year.
Accelerating Growth: ALA.PRG's earnings growth over the past year (60.7%) exceeds its 5-year average (9.5% per year).
Earnings vs Industry: ALA.PRG earnings growth over the past year (60.7%) exceeded the Gas Utilities industry -11.2%.
Return on Equity
High ROE: ALA.PRG's Return on Equity (8.8%) is considered low.