AltaGas Q2 Earnings Call Highlights

Impact · against what's priced in

AltaGas sees a net positive catalyst from raised 2026 EBITDA and EPS guidance and geopolitical tailwinds driving LPG demand. These gains are partially offset by the REEF project's 12% cost increase and delay into 2027, which defers future cash flows.

ALA+0.30

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In context

The company raised its 2026 normalized EBITDA guidance by 4% to CAD 2.0-2.1 billion and EPS guidance by 6%, while benefiting from Hormuz disruptions that displace global LPG supply. However, the REEF startup is delayed to early 2027 with costs rising 12% to CAD 1.5 billion.

Read from the article alone

• earnings▲10%
• guidance▲1%
• geopolitics
• ALA
• canada
• capital expenditure
• energy exports
• lpg