Yahoo Finance AltaGas Second Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
AltaGas (TSE:ALA) Second Quarter 2024 Results
Key Financial Results
Revenue: CA$2.78b (up 5.5% from 2Q 2023).
Net loss: CA$42.0m (down by 132% from CA$133.0m profit in 2Q 2023).
CA$0.14 loss per share (down from CA$0.47 profit in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
AltaGas Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 9.4%. Earnings per share (EPS) missed analyst estimates.
Looking ahead, revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Gas Utilities industry in North America.
Performance of the market in Canada.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It's necessary to consider the ever-present spectre of investment risk. We've identified 5 warning signs with AltaGas (at least 1 which shouldn't be ignored), and understanding these should be part of your investment process.
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