Atb Cap Markets Issues Negative Outlook for AltaGas Earnings

AltaGas Ltd. (TSE:ALA) – Research analysts at Atb Cap Markets cut their Q2 2026 earnings estimates for AltaGas in a note issued to investors on Monday, August 4th. Atb Cap Markets analyst N. Heywood now expects that the company will post earnings per share of $0.15 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.

Other equities analysts have also issued reports about the company. Scotiabank increased their price target on AltaGas from C$45.00 to C$46.00 and gave the company an “outperform” rating in a research note on Tuesday. TD Securities upped their price objective on AltaGas from C$45.00 to C$48.00 and gave the stock a “buy” rating in a report on Tuesday. Royal Bank Of Canada raised their target price on shares of AltaGas from C$43.00 to C$44.00 and gave the company an “outperform” rating in a report on Tuesday. Jefferies Financial Group boosted their price target on shares of AltaGas from C$40.00 to C$46.00 in a research report on Wednesday, July 23rd. Finally, JPMorgan Chase & Co. increased their price objective on shares of AltaGas from C$39.00 to C$41.00 in a research report on Monday, April 21st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, AltaGas has a consensus rating of “Moderate Buy” and an average target price of C$44.33.

AltaGas Stock Up 0.9%

ALA opened at C$41.16 on Wednesday. The company has a market capitalization of C$12.25 billion, a PE ratio of 23.86, a price-to-earnings-growth ratio of -4.97 and a beta of 1.23. The firm has a 50-day simple moving average of C$39.30 and a two-hundred day simple moving average of C$37.90. The company has a quick ratio of 0.44, a current ratio of 1.03 and a debt-to-equity ratio of 135.26. AltaGas has a 52 week low of C$32.02 and a 52 week high of C$42.03.

AltaGas Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Tuesday, September 16th will be paid a $0.315 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 3.1%. AltaGas’s payout ratio is 68.98%.

About AltaGas

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.