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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. AltaGas's retained earnings for the quarter that ended in Mar. 2026 was C$-184 Mil.
AltaGas's quarterly retained earnings
increased
from Sep. 2025 (C$-334 Mil) to Dec. 2025 (C$-226 Mil) and
increased
from Dec. 2025 (C$-226 Mil) to Mar. 2026 (C$-184 Mil).
AltaGas's annual retained earnings
increased
from Dec. 2023 (C$-817 Mil) to Dec. 2024 (C$-592 Mil) and
increased
from Dec. 2024 (C$-592 Mil) to Dec. 2025 (C$-226 Mil).
AltaGas (TSX:ALA) Retained Earnings Explanation
Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.
For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.
If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.
Of course, many companies with negative retained earnings have indeed lost money in the past.
Retained Earnings: Warren Buffett's Secret.
One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.
If the company loses more than it has accumulated, retained earnings is negative.
If a company isn't adding to its retained earnings, it isn't growing its net worth.
Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.
Microsoft is negative because it chose to buyback stock and pay dividends.
The more earnings retained, the faster it grows and increases growth rate for future earnings.
AltaGas Retained Earnings Historical Data
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The historical data trend for AltaGas's Retained Earnings 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.
Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.
Of course, if a company loses, it is called retained losses, or accumulated losses.
AltaGas (TSX:ALA) has a Retained Earnings of C$-184 Mil as of Mar. 2026. Retained earnings is the amount of net income not issued to shareholders. View historical data on AltaGas and its competitors.
Is AltaGas' Retained Earnings too high?
AltaGas' current Retained Earnings is C$-184 Mil. Overall, AltaGas has a GF Score™ of 74/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does AltaGas' Retained Earnings compare to WMB and EPD?
AltaGas' Retained Earnings of C$-184 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 Retained Earnings for an Oil & Gas company?
A good Retained Earnings depends on the Oil & Gas industry context. However, Retained Earnings 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 Retained Earnings mean?
A high Retained Earnings can signal that a stock is expensive relative to its fundamentals. Retained earnings is the amount of net income not issued to shareholders. View historical data on AltaGas and its competitors. AltaGas's current Retained Earnings is C$-184 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$32.95, compared to a current price of C$57.18 — trading 73.5% above its estimated fair value. The current Retained Earnings is C$-184 Mil. AltaGas' overall GF Score™ is 74/100 with 15 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Retained Earnings calculated?
Retained Earnings is calculated from a company's financial statements. For AltaGas (TSX:ALA), the current Retained Earnings is C$-184 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$57.18 is trading 73.5% above its estimated GF Value™ of C$32.95.
GuruFocus considers AltaGas to be Significantly Overvalued.
Key valuation signals for TSX:ALA:
Retained Earnings: C$-184 Mil
GF Value™: C$32.95 vs. price of C$57.18 (73.5% above fair value)
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 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.
74GF Score
Get the complete analysis for TSX:ALA
Retained Earnings is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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