AltaGas reports $203M Q4 profit, up from $113M a year ago

Mar 11, 2025

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AltaGas Ltd. reported its fourth-quarter profit rose compared with a year ago, helped by strength across its business. AltaGas Ltd. logo is shown in a handout. THE CANADIAN PRESS/HO

CALGARY — AltaGas Ltd. reported its fourth-quarter profit rose compared with a year ago, helped by strength across its business.

The utility says it earned a profit applicable to common shares of $203 million or 68 cents per diluted share for the quarter ended Dec. 31.

The result compared with a profit of $113 million or 40 cents per diluted share in the last three months of 2023.

Revenue for the quarter totalled $3.26 billion compared with $3.29 billion a year earlier.

On a normalized basis, AltaGas says it earned 76 cents per diluted share in its latest quarter, up from 75 cents per diluted share a year earlier.

Last month, AltaGas signed a deal with Keyera Corp. to work together on a plan they say will see more Canadian energy products reach Asian markets.

This report by The Canadian Press was first published March 7, 2025.

Companies in this story: (TSX:ALA)

The Canadian Press

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