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Normalized EBITDA by Segment
Measures core profitability across segments, excluding one-time items, to assess ongoing operational performance and financial health.AltaGas's Utilities segment shows robust growth, with a 15% year-over-year increase in normalized EBITDA, driven by colder weather and effective cost management. This aligns with a strategic focus on utilities, evident from the 51% capital allocation for 2025. Conversely, the Midstream segment faces challenges, with a decline in EBITDA due to lower export margins and global tariff issues. Despite these hurdles, AltaGas achieved record export volumes, indicating strong demand. The company's strategic investments and focus on reducing financial leverage aim to stabilize and enhance future performance.
Date | Utilities | Midstream | Corporate |
|---|---|---|---|
Mar 31, 2025 | C$501.00M | C$197.00M | -C$9.00M |
Dec 31, 2024 | C$336.00M | C$182.00M | C$2.00M |
Sep 30, 2024 | C$117.00M | C$181.00M | -C$4.00M |
Jun 30, 2024 | C$122.00M | C$175.00M | -C$2.00M |
Mar 31, 2024 | C$437.00M | C$247.00M | -C$24.00M |
Dec 31, 2023 | C$311.00M | C$182.00M | C$9.00M |
Sep 30, 2023 | C$71.00M | C$185.00M | -C$4.00M |
Jun 30, 2023 | C$102.00M | C$134.00M | C$3.00M |
Mar 31, 2023 | C$401.00M | C$183.00M | -C$2.00M |
Dec 31, 2022 | C$294.00M | C$163.00M | -C$3.00M |