Q2 Earnings Forecast for AltaGas Issued By Atb Cap Markets

Key Points

• Atb Cap Markets has reduced its Q2 2026 earnings estimate for AltaGas to $0.15 per share, down from $0.18, while the full-year earnings consensus is projected at $2.30 per share.
• Multiple analysts have raised their price targets for AltaGas, with the average target now at C$44.33 and a prevailing rating of "Moderate Buy."
• AltaGas will pay a quarterly dividend of $0.315 per share on September 29, 2023, translating to an annualized yield of 3.1%.

AltaGas Ltd. (TSE:ALA - Free Report) - Research analysts at Atb Cap Markets reduced their Q2 2026 earnings per share (EPS) estimates for AltaGas in a report released on Monday, August 4th. Atb Cap Markets analyst N. Heywood now forecasts that the company will earn $0.15 per share for the quarter, down from their previous estimate of $0.18. The consensus estimate for AltaGas' current full-year earnings is $2.30 per share. Atb Cap Markets also issued estimates for AltaGas' Q3 2026 earnings at $0.22 EPS, Q4 2026 earnings at $0.91 EPS, FY2026 earnings at $2.45 EPS and FY2027 earnings at $2.72 EPS.

Several other analysts have also issued reports on ALA. JPMorgan Chase & Co. upped their target price on AltaGas from C$39.00 to C$41.00 in a report on Monday, April 21st. Veritas upgraded AltaGas to a "strong sell" rating in a research note on Friday, May 2nd. ATB Capital upped their price objective on AltaGas from C$42.00 to C$43.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Royal Bank Of Canada upped their price objective on AltaGas from C$43.00 to C$44.00 and gave the company an "outperform" rating in a research note on Tuesday, August 5th. Finally, BMO Capital Markets upped their price objective on AltaGas from C$40.00 to C$43.00 in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, AltaGas currently has a consensus rating of "Moderate Buy" and an average price target of C$44.33.

AltaGas Stock Down 0.1%

ALA traded down C$0.03 on Wednesday, hitting C$41.27. 298,216 shares of the company were exchanged, compared to its average volume of 801,638. AltaGas has a 12 month low of C$32.02 and a 12 month high of C$42.03. The company has a market cap of C$12.29 billion, a PE ratio of 23.92, a PEG ratio of -4.97 and a beta of 1.23. The company has a debt-to-equity ratio of 135.26, a quick ratio of 0.44 and a current ratio of 1.03. The stock's fifty day moving average is C$39.41 and its 200-day moving average is C$38.02.

AltaGas Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Tuesday, September 16th will be given a dividend of $0.315 per share. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. AltaGas's dividend payout ratio is currently 68.98%.

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.