AltaGas (TSX:ALA) Pretax Margin %

: 4.90% (As of Dec. 2023)

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Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. AltaGas's Pre-Tax Income for the three months ended in Dec. 2023 was C$161 Mil. AltaGas's Revenue for the three months ended in Dec. 2023 was C$3,288 Mil. Therefore, AltaGas's pretax margin for the quarter that ended in Dec. 2023 was 4.90%.

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

TSX:ALA' s Pretax Margin % Range Over the Past 10 Years
Min: -16.84 Med: 5.82 Max: 14.78
Current: 7.01

TSX:ALA's Pretax Margin % is ranked better than
51.38% of 975 companies
in the Oil & Gas industry
Industry Median: 6.41 vs TSX:ALA: 7.01

AltaGas Pretax Margin % Historical Data

The historical data trend for AltaGas's Pretax 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.

* Premium members only.

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Pretax Margin %

14.78

12.51

4.22

5.08

7.02

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Pretax Margin %																2.00	15.29	6.92	-1.68	4.90

Competitive Comparison

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

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

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

AltaGas Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

AltaGas's Pretax Margin for the fiscal year that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	912	/	12997
	=	7.02 %

AltaGas's Pretax Margin for the quarter that ended in Dec. 2023 is calculated as

Pretax Margin	=	Pre-Tax Income (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	161	/	3288
	=	4.90 %

AltaGas (TSX:ALA) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.

AltaGas Pretax Margin % Related Terms

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AltaGas (TSX:ALA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA) » Definitions » Pretax Margin %

Comparable Companies

Traded in Other Exchanges

ATGFF:USA AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

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