- AltaGas’ first-quarter normalized EBITDA reached C$689 million, a 4.4% increase compared to the previous year, surpassing estimates of C$682 million.
- Normalized earnings per share (EPS) remained steady at C$1.14 year-over-year.
- Revenue rose to C$3.97 billion, an 8.6% increase, exceeding the estimated C$3.58 billion.
- Normalized net income was recorded at C$342 million, up 1.2% from the previous year, beating the estimate of C$337 million.
- Cash flow from operations significantly increased by 13% to C$627 million, above the estimated C$491.6 million.
- AltaGas reiterated its expectation of a 5-7% compounded annual growth rate (CAGR) on dividends through 2029.
- The company reaffirmed its 2025 full-year guidance with normalized EBITDA expected between $1,775 million and $1,875 million, and normalized EPS projected to range from $2.10 to $2.30.
- In 2024, AltaGas reported normalized EPS of $2.18 and GAAP EPS of $1.95.
- First-quarter performance attributed to strong retail operations, colder temperatures compared to 2024, cost management, pipeline modernization investments, and asset optimization.
- AltaGas’ diversified business model and strong contract profile provided stability amidst market volatility.
- Gas processing volumes increased by 11% year-over-year, with significant contributions from the Montney and Northeastern B.C. regions.
A look at AltaGas Ltd Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.8 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
AltaGas Ltd. is positioned for a promising long-term outlook based on the Smartkarma Smart Scores assessment. With a strong momentum score of 5, the company is showing robust performance potential in the market. Additionally, AltaGas scores high in value and growth with scores of 4, indicating solid fundamentals and growth prospects. These factors suggest a positive trajectory for the company’s financial health and market position going forward.
Although the dividend and resilience scores are slightly lower at 3, AltaGas Ltd. remains a competitive player in the energy sector. The company’s diverse operations in natural gas production, electricity generation, and energy management consulting services provide a resilient foundation. Overall, AltaGas Ltd. showcases a well-rounded profile, with notable strength in momentum, value, and growth factors, positioning it favorably for long-term success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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