Q2 2025 AltaGas Ltd Earnings Call Transcript

Aug 1, 2025 / 03:00 PM GMT

Release Date Price: €25.2

Transcript

Key Points

Positve

AltaGas Ltd (ATGFF) reported a strong Q2 performance with a 16% increase in normalized EBITDA to $342 million compared to Q2 2024.
The company achieved a nearly double normalized EPS of $0.27, up from $0.14 in the previous year.
AltaGas Ltd (ATGFF) has exceeded its global exports tolling target of 100,000 barrels per day for the 2027 NGL year.
The midstream segment delivered record second-quarter global export volumes, with almost 128,000 barrels per day of LPGs exported to Asia.
The company has made significant progress on major projects like Pipestone 2 and the REEF, which are on track and within budget.

Negative

AltaGas Ltd (ATGFF) faces regulatory challenges, particularly in Maryland, where policies could impact rate-based growth and asset replacement programs.
The company is experiencing slight delays in the monetization process of its interest in the Mountain Valley Pipeline due to operational due diligence.
There are concerns about potential impacts on the in-service date of REEF Phase One due to ongoing optimization projects.
AltaGas Ltd (ATGFF) is dealing with legal challenges related to the Trigon litigation, which could affect its export capacity.
The company is navigating a volatile market environment with fluctuating margins, particularly in the LPG export business.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

ALA.TO - AltaGas Ltd
Q2 2025 AltaGas Ltd Earnings Call
Aug 01, 2025 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good Morning, ladies and gentlemen.

Thank you for standing by.

Welcome to the Altagas 2nd quarter 2025 financial results conference call. My name is Jenny, and I will be your operator for today's call.

All lines have been placed on mute to prevent any background noise.

If you have any difficulties hearing the conference, please press star, then 0 for operator assistance at any time.

After the speaker remarks there will be a question and answer session.

As a reminder, this conference call is being broadcast live on the internet and recorded.

I would now like to turn a conference call over to Aaron Swanson, Vice President, investor relations. Please go ahead, Mr. Swanson.

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