AltaGas Ltd. ( (ATGFF) ) has released its Q3 earnings. Here is a breakdown of the information AltaGas Ltd. presented to its investors.
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AltaGas Ltd. is a North American infrastructure company that operates in the utilities and midstream sectors, providing energy solutions through its diversified portfolio. The company recently announced its third-quarter 2025 financial results, highlighting several strategic developments and investment decisions aimed at bolstering its growth trajectory.
In the third quarter of 2025, AltaGas reported a normalized EBITDA of $268 million, a decrease from $294 million in the same period last year. The company’s normalized EPS also fell to $0.04 from $0.14 in the previous year. Despite these declines, the Midstream segment showed a 13% increase in normalized EBITDA, driven by strong global export volumes and improved performance at the Dimsdale natural gas storage asset. However, the Utilities segment experienced a drop in normalized EBITDA due to the absence of a previous year’s pension plan settlement.
AltaGas made significant strides in its growth projects, including positive final investment decisions on the Ridley Island Energy Export Facility Optimization One project and the Keweenaw Connector Pipeline in Michigan. These projects are expected to enhance throughput capacity and improve gas delivery, respectively. Additionally, the company continues to advance other organic growth initiatives, such as the Dimsdale natural gas storage facility expansion and the MVP Boost expansion project.
Looking ahead, AltaGas remains focused on executing its strategic priorities and optimizing existing assets to deliver on its 2025 guidance. The company is committed to disciplined capital allocation and expects to continue benefiting from the growing demand for natural gas and natural gas liquids. With a strong emphasis on operational excellence and cost management, AltaGas aims to provide reliable and affordable energy solutions to its customers while pursuing long-term growth opportunities.