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 Growth8.1%
Revenue growth rate25.1%
Return on equity8.8%
Net Margin4.9%
Last Earnings Update31 Dec 2023

Recent past performance updates

AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Mar 14
AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Recent updates

AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

Mar 14
AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues

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

Mar 08
AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year

Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?

Feb 28
Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?

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

Feb 09
AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's

Jan 23
AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's

Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)

Jan 17
Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)

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

Dec 27
AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975

AltaGas (TSE:ALA) Will Pay A Dividend Of CA$0.28

Dec 13
AltaGas (TSE:ALA) Will Pay A Dividend Of CA$0.28

Need To Know: Analysts Are Much More Bullish On AltaGas Ltd. (TSE:ALA) Revenues

Dec 07
Need To Know: Analysts Are Much More Bullish On AltaGas Ltd. (TSE:ALA) Revenues

Here's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention Today

Nov 27
Here's Why We Think AltaGas (TSE:ALA) Might Deserve Your Attention Today

Is AltaGas Ltd. (TSE:ALA) Potentially Undervalued?

Nov 09
Is AltaGas Ltd. (TSE:ALA) Potentially Undervalued?

AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Sep 13
AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Should You Be Adding AltaGas (TSE:ALA) To Your Watchlist Today?

Aug 23
Should You Be Adding AltaGas (TSE:ALA) To Your Watchlist Today?

The AltaGas Ltd. (TSE:ALA) Analysts Have Been Trimming Their Sales Forecasts

Aug 01
The AltaGas Ltd. (TSE:ALA) Analysts Have Been Trimming Their Sales Forecasts

Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?

Jul 20
Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Jun 14
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Is AltaGas Ltd. (TSE:ALA) Trading At A 46% Discount?

May 27
Is AltaGas Ltd. (TSE:ALA) Trading At A 46% Discount?

AltaGas (TSE:ALA) Has Announced That It Will Be Increasing Its Dividend To CA$0.28

May 09
AltaGas (TSE:ALA) Has Announced That It Will Be Increasing Its Dividend To CA$0.28

What Does AltaGas Ltd.'s (TSE:ALA) Share Price Indicate?

Apr 14
What Does AltaGas Ltd.'s (TSE:ALA) Share Price Indicate?

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

Mar 02
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt In A Risky Way

AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Feb 09
AltaGas (TSE:ALA) Is Increasing Its Dividend To CA$0.28

Should You Think About Buying AltaGas Ltd. (TSE:ALA) Now?

Jan 10
Should You Think About Buying AltaGas Ltd. (TSE:ALA) Now?

Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 11%

Dec 15
Growth Investors: Industry Analysts Just Upgraded Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts By 11%

Industry Analysts Just Made A Substantial Upgrade To Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts

Oct 31
Industry Analysts Just Made A Substantial Upgrade To Their AltaGas Ltd. (TSE:ALA) Revenue Forecasts

AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Oct 08
AltaGas (TSE:ALA) Seems To Be Using A Lot Of Debt

Is There Now An Opportunity In AltaGas Ltd. (TSE:ALA)?

Aug 25
Is There Now An Opportunity In AltaGas Ltd. (TSE:ALA)?

AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky

Jul 09
AltaGas (TSE:ALA) Use Of Debt Could Be Considered Risky

Is It Time To Consider Buying AltaGas Ltd. (TSE:ALA)?

May 27
Is It Time To Consider Buying AltaGas Ltd. (TSE:ALA)?

These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

Apr 07
These 4 Measures Indicate That AltaGas (TSE:ALA) Is Using Debt Extensively

Revenue & Expenses Breakdown
Beta

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 Dec 2312,9976411,5000
30 Sep 2313,6065821,5070
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
31 Mar 142,2611724450
31 Dec 132,0521824310
30 Sep 132,0031554120
30 Jun 131,8991203880
31 Mar 131,6881103490

Quality Earnings: ALA 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'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 has become profitable over the past 5 years, growing earnings by 9.5% per year.

Accelerating Growth: ALA's earnings growth over the past year (60.7%) exceeds its 5-year average (9.5% per year).

Earnings vs Industry: ALA earnings growth over the past year (60.7%) exceeded the Gas Utilities industry -5.2%.


Return on Equity

High ROE: ALA's Return on Equity (8.8%) is considered low.


Return on Assets


Return on Capital Employed


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