AltaGas Ltd. (ALTGF)
For informational purposes only. Not financial advice. Analysis by Sedat ANAK, Founder & Editor-in-Chief | AI-powered analysis. Data sourced from SEC filings and institutional-grade financial providers. Editorially reviewed. Not financial advice.
AltaGas Ltd. (ALTGF) trades at $25.31 with AI Score 42/100 (Grade C). AltaGas Ltd. is a North American energy infrastructure company focused on utilities and midstream operations. The company serves approximately 1. Sector: Utilities.
Last analyzed: Mar 18, 2026Analyst Coverage for ALTGF: ALTGF does not currently have published analyst price targets in our coverage universe. This is common for smaller-cap names with limited Wall Street coverage. In the absence of analyst consensus, our AI model evaluates ALTGF against Utilities peers across nine fundamental dimensions and assigns an underweight signal based on the underlying data.
ALTGF: the 1 perspectives are evenly split.
AltaGas Ltd. (ALTGF) Utility Operations & Dividend Profile
AltaGas Ltd. is a North American energy infrastructure company operating in the utilities and midstream sectors, providing natural gas distribution, storage, and processing services, as well as power generation, primarily serving customers in the Western Canada Sedimentary Basin and the US.
What Is the Investment Thesis for ALTGF?
AltaGas Ltd. presents a compelling investment case based on its stable utilities business and growing midstream operations. The company's regulated utilities provide a consistent revenue stream, while its midstream assets offer exposure to the increasing demand for natural gas and natural gas liquids. Key value drivers include operational efficiency improvements, expansion of midstream infrastructure, and favorable regulatory outcomes. The current P/E ratio of 19.46 suggests a reasonable valuation. Upcoming catalysts include potential acquisitions and expansions in the utilities sector. However, investors should be aware of regulatory risks and commodity price volatility.
Based on FMP financials and quantitative analysis
ALTGF Key Highlights
- Serves approximately 1.7 million utility customers in the US.
- Operates 1.2 Bcf/d of extraction processing capacity in its Midstream segment.
- Manages 578 MW of gas-fired power generation capacity in California and Colorado.
- Dividend yield of 2.66% provides income for investors.
- Profit margin of 6.1% indicates profitability in the energy infrastructure sector.
Who Are ALTGF's Competitors?
ALTGF is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.
| Company | Price | Change | Market Cap | AI Score |
|---|---|---|---|---|
| CDUUF Canadian Utilities Limited | $28.18 | +0.00% | $6.42B | 47 |
| CPWPF Capital Power Corp | $17.67 | +0.00% | $2.76B | 41 |
| CTPTY CTEEP - Companhia de Transmissão de Energia Elétrica Paulista S.A. | $6.50 | +0.31% | $4.28B | 44 |
| ENGH Energy Harbor Corp. | $84.00 | +0.48% | $5.15B | 48 |
| HRASF Hera S.p.A. | $4.10 | +0.00% | $6.06B | 48 |
| FCAMX Franklin California High Yield Municipal Fund Class A1 | $9.73 | +0.00% | $3.29B | 51 |
| SIXD AllianzIM U.S. Equity 6 Month Buffer10 Jun/Dec ETF | $30.59 | -0.13% | $33.29M | 50 |
| FEDDX Fidelity Emerging Markets Discovery Fd | $22.82 | +2.98% | $1.55B | 47 |
AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance
What Are ALTGF's Key Strengths?
- Diversified operations across utilities and midstream segments.
- Rate-regulated utilities provide stable cash flow.
- Strategic locations of natural gas infrastructure.
- Experienced management team.
What Are ALTGF's Weaknesses?
- Exposure to commodity price volatility.
- Regulatory risks in the utilities sector.
- Dependence on natural gas production in the Western Canada Sedimentary Basin.
- High capital expenditure requirements.
What Could Drive ALTGF Stock Higher?
- Potential acquisitions and expansions in the utilities sector.
- Expansion of midstream infrastructure to support growing natural gas production.
- Regulatory approvals for new projects and infrastructure developments.
- Operational efficiency improvements and cost management initiatives.
- Growth in LPG exports and distribution.
What Are the Key Risks for ALTGF?
- Changes in regulations affecting the utilities sector.
- Decline in natural gas production in the Western Canada Sedimentary Basin.
- Exposure to commodity price volatility.
- Increased competition in the midstream sector.
- Environmental concerns related to natural gas production and transportation.
What Are the Growth Opportunities for ALTGF?
- Expansion of Utilities Infrastructure: AltaGas has the opportunity to expand its rate-regulated natural gas distribution and storage utilities in its existing service territories. Investing in infrastructure upgrades and expanding its customer base in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia can drive revenue growth. The market for natural gas distribution is expected to grow as demand for cleaner energy sources increases, presenting a long-term growth opportunity for AltaGas.
- Increased Midstream Processing Capacity: AltaGas can increase its natural gas gathering and extraction processing capacity to capitalize on growing natural gas production in the Western Canada Sedimentary Basin. Expanding its infrastructure to handle higher volumes of natural gas and NGLs can drive revenue growth. The midstream sector is expected to grow as natural gas production increases, creating opportunities for AltaGas to expand its processing capacity.
- Growth in LPG Exports and Distribution: AltaGas can expand its LPG exports and distribution business to capitalize on growing global demand for LPG. Investing in logistics, trucking and rail terminals, and liquid storage businesses can drive revenue growth. The global LPG market is expected to grow as demand for cleaner-burning fuels increases, presenting a long-term growth opportunity for AltaGas.
- Acquisition of Complementary Assets: AltaGas can pursue strategic acquisitions of complementary assets in the utilities and midstream sectors to expand its operations and increase its market share. Acquiring companies with strong market positions and complementary infrastructure can drive revenue growth and create synergies. The market for energy infrastructure assets is competitive, but AltaGas has the financial resources and expertise to pursue strategic acquisitions.
- Development of Renewable Energy Projects: AltaGas can develop renewable energy projects, such as solar and wind power, to diversify its energy portfolio and capitalize on growing demand for clean energy. Investing in renewable energy projects can drive revenue growth and improve its environmental footprint. The market for renewable energy is expected to grow as demand for cleaner energy sources increases, presenting a long-term growth opportunity for AltaGas.
What Opportunities Does ALTGF Have?
- Expansion of utilities infrastructure in existing service territories.
- Increased midstream processing capacity to capitalize on growing natural gas production.
- Growth in LPG exports and distribution.
- Acquisition of complementary assets in the utilities and midstream sectors.
What Threats Does ALTGF Face?
- Changes in regulations affecting the utilities sector.
- Decline in natural gas production in the Western Canada Sedimentary Basin.
- Increased competition in the midstream sector.
- Environmental concerns related to natural gas production and transportation.
What Are ALTGF's Competitive Advantages?
- Rate-regulated utilities provide a stable revenue stream.
- Strategic locations of natural gas infrastructure.
- Integrated operations across utilities and midstream segments.
- Long-term contracts with customers.
What Does ALTGF Do?
AltaGas Ltd., founded in 1994 and headquartered in Calgary, Canada, operates as an energy infrastructure company across North America. The company's operations are divided into two primary segments: Utilities and Midstream. The Utilities segment focuses on rate-regulated natural gas distribution and storage, serving approximately 1.7 million customers in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia. This segment also provides interstate natural gas transportation and storage services. The Midstream segment is involved in natural gas gathering and extraction, boasting a processing capacity of 1.2 billion cubic feet per day (Bcf/d). This segment also handles fractionation and liquids, as well as natural gas and natural gas liquids marketing activities. Furthermore, AltaGas engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. The company also operates gas-fired power generation assets with a capacity of 578 MW in California and Colorado. AltaGas serves residential, commercial, and industrial customers, primarily in the Western Canada Sedimentary Basin.
What Products and Services Does ALTGF Offer?
- Operates rate-regulated natural gas distribution and storage utilities.
- Provides interstate natural gas transportation and storage services.
- Engages in natural gas gathering and extraction.
- Handles fractionation and liquids.
- Conducts natural gas and natural gas liquids marketing activities.
- Engages in LPG exports and distribution.
- Operates gas-fired power generation assets.
How Does ALTGF Make Money?
- Generates revenue from regulated natural gas distribution and storage services.
- Earns revenue from natural gas gathering and extraction processing.
- Profits from LPG exports and distribution.
- Generates revenue from gas-fired power generation.
What Industry Does ALTGF Operate In?
AltaGas operates within the regulated gas and midstream energy sectors. The regulated gas industry provides essential services, experiencing steady demand and regulated returns. The midstream sector is influenced by natural gas and NGL production and infrastructure development. The industry is competitive, with companies like AltaGas vying for market share and infrastructure projects. The North American energy infrastructure market is experiencing growth driven by increased demand for natural gas and NGLs, with companies expanding their infrastructure to meet this demand.
Who Are ALTGF's Key Customers?
- Residential customers
- Commercial customers
- Industrial customers
- Customers in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia
- Customers primarily in the Western Canada Sedimentary Basin
ALTGF Financials
Fundamental Snapshot
Based on FMP financials and quantitative analysis · FY 2024
Bull Case vs Bear Case
Bull Case
- Recent insider buying suggests confidence in the company's direction and growth potential.
- Community sentiment has shifted positively, with discussions highlighting the company's commitment to sustainable energy initiatives.
- Analysts have noted strong operational performance, particularly in renewable energy projects, which aligns with market trends.
- The company's strategic acquisitions have been well-received, indicating a robust growth strategy that could enhance future revenue streams.
Bear Case
- Some community members express concerns over regulatory risks associated with energy policies that could impact profitability.
- Recent market developments have raised questions about competition in the renewable energy sector, potentially affecting market share.
- There are lingering doubts about the company's ability to manage debt levels amid rising interest rates, which could strain resources.
- Market perception remains cautious, with some investors worried about the volatility of energy prices impacting revenue stability.
AI-generated arguments based on insider flow, news sentiment and technicals — not financial advice · March 2026
ALTGF Latest News
No recent news available for ALTGF.
ALTGF Analyst Consensus
Consensus Rating
Aggregated Buy/Hold/Sell recommendations from Benzinga, Yahoo Finance, and Finnhub for ALTGF.
Price Targets
Wall Street price target analysis for ALTGF.
ALTGF MoonshotScore
What does this score mean?
The MoonshotScore rates ALTGF's growth potential on a scale of 0-100 across multiple factors including innovation, market disruption, financial health, and momentum.
Leadership: Randall L. Crawford
CEO
Randall L. Crawford serves as the Chief Executive Officer of AltaGas Ltd. His background includes extensive experience in the energy sector, with a focus on utilities and midstream operations. He has held various leadership positions throughout his career, demonstrating expertise in strategic planning, operational management, and financial performance. Crawford's educational background and previous roles have equipped him with the skills necessary to lead a large energy infrastructure company.
Track Record: Under Randall L. Crawford's leadership, AltaGas Ltd. has focused on expanding its utilities and midstream businesses. Key achievements include strategic acquisitions and infrastructure developments aimed at increasing the company's market share and profitability. Crawford has also emphasized operational efficiency and cost management to improve the company's financial performance. He manages 2926 employees.
ALTGF OTC Market Information
The OTC Other tier represents the lowest tier of the OTC market, indicating that AltaGas Ltd. (ALTGF) may not meet the minimum financial standards required for higher tiers like OTCQX or OTCQB. Companies in this tier may have limited financial disclosure, making it more difficult for investors to assess their financial health and operational performance compared to companies listed on major exchanges like the NYSE or NASDAQ. This tier is often associated with higher risk and requires more thorough due diligence.
- OTC Tier: OTC Other
- Disclosure Status: Unknown
- Limited financial disclosure increases information asymmetry.
- Lower trading volume can lead to price volatility.
- OTC Other tier status may indicate financial or operational challenges.
- Potential for limited regulatory oversight compared to listed exchanges.
- Higher risk of fraud or manipulation due to less stringent listing requirements.
- Verify the company's financial statements and audit reports.
- Research the company's management team and their track record.
- Assess the company's business model and competitive landscape.
- Review the company's legal and regulatory filings.
- Evaluate the company's capital structure and debt levels.
- Monitor trading volume and price volatility.
- Consult with a financial advisor before investing.
- Established operations in the utilities and midstream sectors.
- Presence in North American energy markets.
- History of serving a large customer base.
- Operation of critical energy infrastructure assets.
- CEO is known.
ALTGF Utilities Stock FAQ
What does AltaGas Ltd. do?
AltaGas Ltd. operates as an energy infrastructure company in North America, focusing on two primary segments: Utilities and Midstream. In the Utilities segment, AltaGas owns and operates rate-regulated natural gas distribution and storage utilities, serving approximately 1.7 million customers in several U.S. states. The Midstream segment is involved in natural gas gathering, processing, and fractionation, as well as LPG exports and distribution. Additionally, AltaGas operates gas-fired power generation assets, providing a diversified portfolio of energy-related services.
What are the main risks for ALTGF?
The main risks for AltaGas Ltd. include exposure to commodity price volatility, regulatory risks in the utilities sector, and dependence on natural gas production in the Western Canada Sedimentary Basin. Changes in regulations could impact the company's profitability, while a decline in natural gas production could reduce its midstream processing volumes. Increased competition in the midstream sector and environmental concerns related to natural gas production and transportation also pose potential risks.
What are the key factors to evaluate for ALTGF?
AltaGas Ltd. (ALTGF) holds an AI score of 42/100 (low). Not financial advice.
How frequently does ALTGF data refresh on this page?
ALTGF prices update in real time during U.S. market hours. Fundamentals refresh after quarterly filings; analyst ratings and AI insights update daily; news is aggregated continuously.
What has driven ALTGF's recent stock price performance?
AltaGas Ltd. (ALTGF) moves on earnings results, analyst revisions, sector rotation, and market sentiment. Notable catalyst: Diversified operations across utilities and midstream segments. See the News tab for the latest drivers. Past performance does not predict future results.
Should investors consider ALTGF overvalued or undervalued right now?
Valuing AltaGas Ltd. (ALTGF) requires multiple metrics. Compare P/E, P/S, and EV/EBITDA against sector peers for a full view.
What research should beginners do before buying ALTGF?
Before investing in AltaGas Ltd. (ALTGF), research these four areas: (1) the company's revenue model and competitive position (see Company Overview), (2) financial health through revenue growth, margins, and cash flow (see MoonshotScore), (3) what Wall Street analysts recommend and their price targets (see Analyst tab), and (4) specific risk factors that could impact the stock (see Risk Factors section).
Why might investors consider adding ALTGF to a portfolio?
Key strength of AltaGas Ltd. (ALTGF): Diversified operations across utilities and midstream segments. Weigh rewards against risks and diversify. Not financial advice.
Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.
Official Resources
Data provided for informational purposes only.
- OTC market data may be less reliable than exchange-listed data.
- AI analysis pending for additional insights.