AltaGas (TSX:ALA) EBIT: C$1,192 Mil (TTM As of Mar. 2026)

What is AltaGas EBIT?

AltaGas TSX:ALA +1.02% 77 EBIT is C$1,192 Mil as of Mar. 2026. GuruFocus rates TSX:ALA with a GF Score™ of 77/100 and a GF Value™ of C$33.04 (Significantly Overvalued). The stock has 15 warning signs investors should review.

AltaGas's earnings before interest and taxes (EBIT) for the three months ended in Mar. 2026 was C$326 Mil. Its earnings before interest and taxes (EBIT) for the trailing twelve months (TTM) ended in Mar. 2026 was C$1,192 Mil.

EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. AltaGas's annualized ROC % for the quarter that ended in Mar. 2026 was 2.98%. AltaGas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 8.07%.

EBIT is also linked to Joel Greenblatt's definition of earnings yield. AltaGas's Earnings Yield (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 4.21%.

AltaGas (TSX:ALA) EBIT Explanation

1. EBIT or Operating Income is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

AltaGas's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

	ROC % (Q: Mar. 2026 )
=	NOPAT	/	Average Invested Capital
=	Operating Income * ( 1 - Tax Rate % )	/	( (Invested Capital (Q: Dec. 2025 )	+	Invested Capital (Q: Mar. 2026 ))	/ count )
=	1024 * ( 1 - 26.57% )	/	( (25122	+	25391)	/ 2 )
=	751.9232	/	25256.5
=	2.98 %

where

	Invested Capital		(Q: Dec. 2025 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	26770	-	2300	-	( 99	-	max(0, 3559	-	2907	+	99	))
=	25122

	Invested Capital		(Q: Mar. 2026 )
=	Total Assets	-	Accounts Payable & Accrued Expense	-	Excess Cash
=	Total Assets	-	Accounts Payable & Accrued Expense	-	( Cash, Cash Equivalents, Marketable Securities	-	max(0, Total Current Liabilities	-	Total Current Assets	+	Cash, Cash Equivalents, Marketable Securities	))
=	27363	-	2394	-	( 163	-	max(0, 3468	-	3046	+	163	))
=	25391

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

AltaGas's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

	ROC (Joel Greenblatt) %		(Q: Mar. 2026 )
=	EBIT	/	Average of (Net fixed Assets	+	Net Working Capital)
=	EBIT	/	Average of (Property, Plant and Equipment	+	Net Working Capital)
			Q: Dec. 2025		Q: Mar. 2026
=	EBIT	/	( ( (Property, Plant and Equipment + Net Working Capital)	+	(Property, Plant and Equipment + Net Working Capital) )	/	count )
=	1304	/	( ( (15943 + max(3, 0))	+	(16366 + max(-10, 0)) )	/	2 )
=	1304	/	( ( 15946	+	16366 )	/	2 )
=	1304	/	16156
=	8.07 %

where Working Capital is:

	Working Capital		(Q: Dec. 2025 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1768	+	633	+	311)	-	(2300	+	91	+	318)
=	3

	Working Capital		(Q: Mar. 2026 )
=	(Accounts Receivable	+	Total Inventories	+	Other Current Assets)	-	(Accounts Payable & Accrued Expense	+	Defer. Rev.	+	Other Current Liabilities)
=	(1984	+	521	+	378)	-	(2394	+	72	+	427)
=	-10

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. It is also linked to Joel Greenblatt's definition of Earnings Yield:

AltaGas's Earnings Yield (Joel Greenblatt) % for today is calculated as:

Earnings Yield (Joel Greenblatt) %	=	EBIT (TTM)	/	Enterprise Value (Q: Mar. 2026 )
	=	1192	/	28303.864
	=	4.21 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

AltaGas EBIT Related Terms

AltaGas EBIT Historical Data

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The historical data trend for AltaGas's EBIT can be seen below:

AltaGas EBIT Chart

AltaGas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

EBIT

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721.00

1,046.00

1,306.00

1,201.00

1,494.00

AltaGas Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
EBIT	Get a 7-Day Free Trial															628.00	340.00	96.00	430.00	326.00

TSX:ALA vs WMB, EPD, KMI: EBIT Comparison

For the Oil & Gas Midstream subindustry, AltaGas's EV-to-EBIT, along with its competitors' market caps and EV-to-EBIT data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AltaGas EV-to-EBIT vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's EV-to-EBIT distribution charts can be found below:

* The bar in red indicates where AltaGas's EV-to-EBIT falls into.

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77GF Score

AltaGas Ltd TSX:ALA

EBIT is just one metric. See GF Score™, valuation, warning signs, and more.

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AltaGas EBIT Calculation

EBIT, sometimes also called Earnings Before Interest and Taxes, is a measure of a firm's profit that includes all expenses except interest and income tax expenses. It is the difference between operating revenues and operating expenses. When a firm does not have non-operating income, then Operating Income is sometimes used as a synonym for EBIT and operating profit.

EBIT for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was C$1,192 Mil.

Frequently Asked Questions Learn more about EBIT →

What does a EBIT of C$1,192 Mil mean?

AltaGas (TSX:ALA) has a EBIT of C$1,192 Mil as of Mar. 2026. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on AltaGas.

Is AltaGas' EBIT too high?

AltaGas' current EBIT is C$1,192 Mil. Overall, AltaGas has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does AltaGas' EBIT compare to WMB and EPD?

AltaGas' EBIT of C$1,192 Mil can be compared against companies in the Oil & Gas industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good EBIT for an Oil & Gas company?

A good EBIT depends on the Oil & Gas industry context. However, EBIT should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high EBIT mean?

A high EBIT can signal that a stock is expensive relative to its fundamentals. Earnings before interest and taxes is the difference between operating revenue and operating expenses. View historical data on AltaGas. AltaGas's current EBIT is C$1,192 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AltaGas stock overvalued right now?

Based on GuruFocus' analysis, AltaGas (TSX:ALA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$33.04, compared to a current price of C$54.40 — trading 64.6% above its estimated fair value. The current EBIT is C$1,192 Mil. AltaGas' overall GF Score™ is 77/100 with 15 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is EBIT calculated?

EBIT is calculated from a company's financial statements. For AltaGas (TSX:ALA), the current EBIT is C$1,192 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AltaGas (TSX:ALA) Overvalued in 2026?

Based on GuruFocus' analysis, AltaGas stock appears to be overvalued. The current stock price of C$54.40 is trading 64.6% above its estimated GF Value™ of C$33.04. GuruFocus considers AltaGas to be Significantly Overvalued.

Key valuation signals for TSX:ALA:

EBIT: C$1,192 Mil
GF Value™: C$33.04 vs. price of C$54.40 (64.6% above fair value)
GF Score™: 77/100 with 15 warning signs

No single metric tells the full story. See the TSX:ALA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AltaGas Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:KEY TSX:SOBO TSX:TPZ TSX:GEI TSX:TWM TSXV:ATLE TSXV:SRR TSX:PPL TSX:ENB WMB EPD TSX:TRP KMI ET MPLX TRGP OKE LNG VG CQP

Other Exchanges ATGFF:USA AQ3:Germany ALA.PR.G.PFD:Canada

Address 707 - 5th Street SW, Suite 1300, Calgary, AB, CAN, T2P 1V8

Website https://www.altagas.ca

AltaGas Ltd is a North American energy infrastructure company that connects customers and markets to energy sources. AltaGas has three reporting segments: Utilities, Midstream, and Corporate/Other. The majority of its revenue is generated from the Midstream segment, which operates a North American energy platform that moves natural gas and LPGs from the wellhead to markets. It exports propane and butane to Asia through its LPG terminals, and runs natural gas gathering, processing, fractionation, liquids handling, and storage infrastructure. The segment also includes its natural gas and natural gas liquids (NGLs) marketing business, domestic logistics, trucking and rail terminals, and liquid and natural gas storage capability. Geographically, the firm derives its key revenue from the U.S.

77GF Score

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EBIT is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$54.40

Price

C$33.04

GF Value

View TSX:ALA Analysis

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