AltaGas (FRA:AQ3) OCF Margin %: 14.46% (As of Mar. 2026) — 38% Above Median


FRA:AQ3 AltaGas Ltd FRA:AQ3
77 GF Score
Price €32.80
GF Value €19.98
! 15 Warning Signs
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What is AltaGas OCF Margin %?

AltaGas FRA:AQ3 -1.20% 77 OCF Margin % is 14.46% as of Mar. 2026, which is 38% above its 10-year median of 10.47. GuruFocus rates FRA:AQ3 with a GF Score™ of 77/100 and a GF Value™ of €19.98. The stock has 15 warning signs investors should review. Among 906 Oil & Gas companies, AltaGas ranks worse than 59.27% on this metric.

OCF Margin % is calculated as Cash Flow from Operations divided by its Revenue. AltaGas's Cash Flow from Operations for the three months ended in Mar. 2026 was €362 Mil. AltaGas's Revenue for the three months ended in Mar. 2026 was €2,503 Mil. Therefore, AltaGas's OCF Margin % for the quarter that ended in Mar. 2026 was 14.46%.

As of today, AltaGas's current OCF Yield % is 7.04%.

The historical rank and industry rank for AltaGas's OCF Margin % or its related term are showing as below:

FRA:AQ3' s OCF Margin % Range Over the Past 10 Years
Min: -1.85   Med: 10.47   Max: 21.17
Current: 9.36


During the past 13 years, the highest OCF Margin % of AltaGas was 21.17%. The lowest was -1.85%. And the median was 10.47%.

FRA:AQ3's OCF Margin % is ranked worse than
59.27% of 906 companies
in the Oil & Gas industry
Industry Median: 13.93 vs FRA:AQ3: 9.36


AltaGas OCF Margin % Related Terms


AltaGas OCF Margin % Historical Data

* Premium members only.

The historical data trend for AltaGas's OCF Margin % can be seen below:

* 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 OCF Margin % Chart

AltaGas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
OCF Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.98 3.83 8.63 12.36 9.72

AltaGas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
OCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 15.80 12.83 1.31 6.34 14.46

FRA:AQ3 vs WMB, EPD, KMI: OCF Margin % Comparison

For the Oil & Gas Midstream subindustry, AltaGas's OCF Margin %, along with its competitors' market caps and OCF Margin % 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 OCF Margin % vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's OCF Margin % distribution charts can be found below:

* The bar in red indicates where AltaGas's OCF Margin % falls into.


FRA:AQ3
77GF Score
AltaGas Ltd FRA:AQ3
OCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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AltaGas OCF Margin % Calculation

OCF Margin % is the ratio of Cash Flow from Operations divided by net sales or Revenue, usually presented in percent.

AltaGas's OCF Margin for the fiscal year that ended in Dec. 2025 is calculated as

OCF Margin=Cash Flow from Operations (A: Dec. 2025 )/Revenue (A: Dec. 2025 )
=764.545/7865.219
=9.72 %

AltaGas's OCF Margin for the quarter that ended in Mar. 2026 is calculated as

OCF Margin=Cash Flow from Operations (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=361.888/2502.952
=14.46 %

* 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.

Frequently Asked Questions Learn more about OCF Margin % →
What does a OCF Margin % of 14.46% mean?
AltaGas (FRA:AQ3) has a OCF Margin % of 14.46% as of Mar. 2026. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on AltaGas and its competitors. This is 38% above median its historical median of 10.47. According to the industry distribution chart, AltaGas ranks #537 out of 906 companies in the Oil & Gas industry, placing it in the top 59.3%.
Is AltaGas' OCF Margin % too high?
AltaGas' current OCF Margin % of 14.46% is 38% above median its 10-year median of 10.47. The Oil & Gas industry median OCF Margin % is 13.93. AltaGas' value of 14.46% is 3.8% above this industry median. Based on the distribution chart, AltaGas ranks #537 out of 906 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, AltaGas has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does AltaGas' OCF Margin % compare to WMB and EPD?
According to the Oil & Gas industry distribution chart, AltaGas ranks #537 out of 906 companies for OCF Margin %. This places AltaGas in the lower half of its industry. The industry median OCF Margin % is 13.93. AltaGas' value of 14.46% is 3.8% above this benchmark. While the company's 10-year median is 10.47 vs. the industry median of 13.93, AltaGas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good OCF Margin % for an Oil & Gas company?
The median OCF Margin % among Oil & Gas companies is 13.93, based on 906 companies in the industry. Companies in the top quartile (top 25%) have a OCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, OCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AltaGas's current OCF Margin % of 14.46% is 3.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high OCF Margin % mean?
A high OCF Margin % can signal that a stock is expensive relative to its fundamentals. OCF Margin is the ratio of Cash Flow from Operations to Total Revenue. View historical data on AltaGas and its competitors. For the Oil & Gas industry, the median OCF Margin % is 13.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AltaGas's current OCF Margin % is 14.46%, which is 38% above median its own 10-year median of 10.47. 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?
AltaGas (FRA:AQ3) has a current OCF Margin % of 14.46%. The stock's GF Value™ is €19.98, compared to a current price of €32.80 — trading 64.2% above its estimated fair value. The current OCF Margin % is 14.46%, which is 38% above median its 10-year median of 10.47 and 3.8% above the Oil & Gas industry median of 13.93. 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 OCF Margin % calculated?
OCF Margin % is calculated from a company's financial statements. For AltaGas (FRA:AQ3), the current OCF Margin % is 14.46% 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 (FRA:AQ3) Overvalued in 2026?

Based on GuruFocus' analysis, AltaGas stock appears to be overvalued. The current stock price of €32.80 is trading 64.2% above its estimated GF Value™ of €19.98.

Key valuation signals for FRA:AQ3:

  • OCF Margin %: 14.46% (38% above median its 10-year median of 10.47)
  • GF Value™: €19.98 vs. price of €32.80 (64.2% above fair value)
  • GF Score™: 77/100 with 15 warning signs
  • Industry Position: 3.8% above the Oil & Gas median (#537 of 906)

No single metric tells the full story. See the FRA:AQ3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


AltaGas Business Description

Industry EnergyOil & Gas
Address 707 - 5th Street SW, Suite 1300, Calgary, AB, CAN, T2P 1V8
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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OCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.80
Price
€19.98
GF Value