AltaGas Ltd. ( (ATGFF) ) has released its Q2 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 energy sector, focusing on utilities and midstream services. The company is known for connecting customers to reliable energy sources through its diversified business operations.
In its second quarter of 2025, AltaGas reported strong financial results, highlighted by a significant increase in earnings per share and EBITDA compared to the previous year. The company’s performance was driven by robust activity in its Midstream and Utilities segments, as well as strategic investments and operational efficiencies.
Key financial metrics showed a notable improvement, with normalized EPS rising to $0.27 from $0.14 and GAAP EPS reaching $0.59 from a loss of $0.14 year-over-year. The Midstream segment achieved a 23% increase in normalized EBITDA, fueled by higher gas processing volumes and strong global exports. Utilities also saw a 10% rise in EBITDA due to modernization efforts and favorable weather conditions.
AltaGas continues to advance its growth projects, including the Ridley Island Energy Export Facility and the Pipestone II project, both on track for completion within their respective timelines. The company is also focused on expanding its export capacity and enhancing its utility infrastructure to meet growing demand.
Looking ahead, AltaGas remains committed to its strategic priorities, aiming to deliver consistent growth and value for stakeholders. The management’s outlook for 2025 includes maintaining strong financial performance and capitalizing on opportunities in the energy market.