AltaGas Ltd (ALA:CA), a leading North American energy infrastructure company, continues to strengthen its market position through diversified assets in both its Midstream and Utilities segments.
As investor attention turns toward the anticipated earnings announcement, market participants are watching AltaGas closely as it prepares to release its fourth?quarter 2024 results.
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Expected Quarterly Earnings Report of AltaGas Ltd:
AltaGas is set to issue its fourth?quarter 2024 earnings report on March 7, 2025, before market open. This upcoming report follows a strong Q3 2024 performance in which the company reported normalized EBITDA of approximately $294 million and normalized EPS of $0.14.
Record global export volumes and strategic advancements in key projects such as the Mountain Valley Pipeline and the Pipestone expansion were major contributors.
Analysts expect the Q4 report to provide additional clarity on the company’s progress in reducing risk in its Midstream operations, expanding its Utilities business through improved cost efficiency, and sustaining its capital investment programs.
Stock Target Advisor’s Analysis on AltaGas Ltd:
Market sentiment remains positive as analysts emphasize AltaGas’ steady execution of its long?term strategic priorities. With a consensus “Strong Buy” rating and price target projections suggesting a potential increase toward the mid?twenty range, AltaGas’ upcoming Q4 results could further reinforce its attractive dividend policy.
The recent six percent increase to an annualized dividend of $1.19 per share reflects the company’s commitment to returning capital to shareholders while maintaining an equity self?funding model.
Advisors note that strong performance in both segments, along with robust export volumes and positive updates on major projects, positions AltaGas to meet its full?year guidance of normalized EPS between $2.05 and $2.25 and normalized EBITDA in the $1.675 billion to $1.775 billion range.
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Conclusion:
With its Q4 2024 earnings report on the horizon, AltaGas Ltd appears poised to continue its trajectory of solid performance and strategic growth. A strong quarterly showing could boost investor confidence and set the stage for upward revisions in future guidance and target prices.
As the market awaits further details from the upcoming earnings call, industry watchers remain optimistic about the company’s ability to deliver long?term value to its shareholders.
Muzzammil is a content writer at Stock Target Advisor. He has been writing stock news and analysis at Stock Target Advisor since 2023 and has worked in the financial domain in various roles since 2020. He has previously worked on an equity research firm that analyzed companies listed on the stock markets in the U.S. and Canada and performed fundamental and qualitative analyses of management strength, business strategy, and product/services forecast as indicated by major brokers covering the stock.
