Business
ALTAGAS REPORTS RECORD FIRST QUARTER RESULTS
AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) reported first quarter 2026 financial results and provided an update on its operations, growth initiatives and corporate developments.
About this update from Altagas Ltd.
[{"type":"text","content":"On Track to Deliver 2026 Results at Top End of 2026 Guidance; Potential Upside with Continued LPG Market Strength ","length":114,"tagName":"p"},{"type":"text","content":"CALGARY, AB, April 30, 2026 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) reported first quarter 2026 financial results and provided an update on its operations, growth initiatives and corporate developments.","length":243,"tagName":"p"},{"type":"image","alt":"AltaGas Ltd. Logo (CNW Group/AltaGas Ltd.)","displaySize":"","headline":null,"caption":"AltaGas Ltd. Logo (CNW Group/AltaGas Ltd.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":199,"url":"https://media.zenfs.com/en/cnwgroup.com/ad87f8432b8fc03ecfbe47ca1c5749b4"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/xR8f083FmPxuNpPxdOklWQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTM1MQ--/https://media.zenfs.com/en/cnwgroup.com/ad87f8432b8fc03ecfbe47ca1c5749b4","width":400,"height":199}},"href":"https://mma.prnewswire.com/media/2969623/AltaGas_Ltd__ALTAGAS_REPORTS_RECORD_FIRST_QUARTER_RESULTS.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"First Quarter Highlights","length":24,"tagName":"p"},{"type":"text","content":"(all financial figures are unaudited and in Canadian dollars unless otherwise noted)","length":84,"tagName":"p"},{"type":"text","content":"Financial Results","length":17,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Normalized EBITDA1 was a record $818 million in the first quarter of 2026 compared to $689 million in the first quarter of 2025. Income before income taxes was $207 million in the first quarter of 2026, a decrease from $513 million in the first quarter of 2025, primarily due to unrealized hedging impacts.","length":306,"tagName":"p"}]},{"val":[{"type":"text","content":"Normalized EBITDA growth was driven by higher global export volumes and margins, stronger processing and liquids handling margins, new Utilities rates in D.C. and Virginia, strong asset optimization, and partial settlement of a pension liability.","length":246,"tagName":"p"}]},{"val":[{"type":"text","content":"Normalized EPS1 was $1.33 compared to $1.15 in the first quarter of 2025, while GAAP EPS2 was $0.47 in the first quarter of 2026 compared to $1.31 in the first quarter of 2025.","length":176,"tagName"...