AltaGas ALA.TO
AltaGas Ltd is a Canadian energy infrastructure company operating in the natural gas and LPG midstream, with processing, storage, and export assets, primarily from Canada's west coast. AltaGas shows strong growth (revenue +33.5%, earnings +58.6%) driven by the energy environment, but its high debt (ND/EBITDA 5.83) and demanding valuation (P/E 26.37) limit its appeal, with weak financial health (score 3.3).
Detailed metrics
Market and fundamental data as of the analysis date.
Full AI report
Generated automatically from the metrics, the macro context and the company's news.
AltaGas Ltd is a Canadian energy infrastructure company operating in the natural gas and LPG midstream, with processing, storage, and export assets, primarily from Canada's west coast. AltaGas shows strong growth (revenue +33.5%, earnings +58.6%) driven by the energy environment, but its high debt (ND/EBITDA 5.83) and demanding valuation (P/E 26.37) limit its appeal, with weak financial health (score 3.3).
Score by category
| Category | Score |
|---|---|
| Financial health | 2.7 |
| Quality / Moat | 3.2 |
| Valuation | 2.9 |
| Growth | 9.6 |
| Dividend | 6.6 |
| Momentum | 6.8 |
| Risk & Context | 8.2 |
OVERALL SCORE: 5.0/10
Context and risks
AltaGas operates LPG export infrastructure on Canada's west coast, exposed to crude price volatility and maritime route risk in the Pacific. The Strait of Hormuz blockade and geopolitical tension raise the risk premium for energy shipping, though its rail diversification in Alberta partially mitigates this risk.
News considered in the analysis
- AltaGas Q2 Earnings Call Highlights — Resultados récord de EBITDA y aumento de guía en Q2 2026, hecho ya ocurrido y parcialmente reflejado en el precio tras el fuerte rally de la acción.
- AltaGas Ltd (ATGFF) (Q2 2026) Earnings Call Highlights: Record EBITDA and Raised Guidance Amid ... — Confirma el EBITDA récord y la guía elevada, reforzando la tendencia positiva de crecimiento de ingresos y beneficios.
- How AltaGas’ New Alberta Rail Export Partnership At AltaGas (TSX:ALA) Has Changed Its Investment Story — La nueva asociación de exportación ferroviaria en Alberta amplía la capacidad logística y diversifica rutas, un avance estratégico moderado.
- Is AltaGas (TSX:ALA) Starting To Look Stretched After Its Strong Multi‑Year Share Price Run? — Artículo de análisis que sugiere que la acción podría estar sobrevalorada tras su fuerte subida; opinión de analista, no un hecho material.
- AltaGas Ltd's Dividend Analysis — Análisis genérico del dividendo sin información nueva relevante.
Verdict: Hold; growth is solid but debt and valuation warrant caution.
Main risk: High leverage (Net Debt/EBITDA of 5.83) with rising interest rates is the main risk, as it makes refinancing more expensive and pressures financial health.
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