AltaGas (FRA:AQ3) Shares Outstanding (Basic Average): 311 Mil (As of Mar. 2026)


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 Shares Outstanding (Basic Average)?

AltaGas FRA:AQ3 -1.20% 77 Shares Outstanding (Basic Average) is 311 Mil as of Mar. 2026. 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.

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. AltaGas's average basic shares outstanding for the quarter that ended in Mar. 2026 was 311 Mil.


AltaGas  (FRA:AQ3) Shares Outstanding (Basic Average) Explanation

A company may buy back shares or issue shares in any fiscal period. If a company buys back shares, we should observe that the total number of shares decline. If the company issues new shares, the number of shares outstanding increases.


Be Aware

Usually the presence of treasury shares and a history of buyback are good indicators that company has competitive advantage. But studies have shown that companies usually buy back at wrong time. Buying back shares below its intrinsic value increases value for remaining shareholders. Buying back overvalued shares destroys value for existing shareholders.


AltaGas Shares Outstanding (Basic Average) Related Terms


AltaGas Shares Outstanding (Basic Average) Historical Data

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The historical data trend for AltaGas's Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) Chart

AltaGas Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Shares Outstanding (Basic Average)
Get a 7-Day Free Trial Premium Member Only Premium Member Only 279.90 281.00 282.10 296.80 300.80

AltaGas Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Shares Outstanding (Basic Average) 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 298.10 299.10 299.30 306.50 311.30
FRA:AQ3
77GF Score
AltaGas Ltd FRA:AQ3
Shares Outstanding (Basic Average) is just one metric. See GF Score™, valuation, warning signs, and more.
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AltaGas Shares Outstanding (Basic Average) Calculation

Shares outstanding are shares that have been authorized, issued, and purchased by investors and are held by them. They have voting rights and represent ownership in the corporation by the person that holds the shares. They should be distinguished from treasury shares, which are shares held by the corporation itself, having no exercisable rights.

Shares outstanding can be calculated as either basic or fully diluted. The fully diluted shares outstanding count includes diluting securities, such as options, warrants or convertibles.

Please note: GuruFocus named Shares Outstanding (EOP) is the shares for that exact time point. It is usually used to calculate balance sheet related items, such as Book Value per Share, etc. While Shares Outstanding (Diluted Average) and Shares Outstanding (Basic Average) are the weighted average shares over a period of time (a year, a quarter, or so). They are usually used to calculate income statement or cashflow statement related items, such as Earnings per Share (Diluted), etc.

What does a Shares Outstanding (Basic Average) of 311 Mil mean?
AltaGas (FRA:AQ3) has a Shares Outstanding (Basic Average) of 311 Mil as of Mar. 2026. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on AltaGas and its competitors.
Is AltaGas' Shares Outstanding (Basic Average) too high?
AltaGas' current Shares Outstanding (Basic Average) is 311 Mil. Overall, AltaGas has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does AltaGas' Shares Outstanding (Basic Average) compare to WMB and EPD?
AltaGas' Shares Outstanding (Basic Average) of 311 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 Shares Outstanding (Basic Average) for an Oil & Gas company?
A good Shares Outstanding (Basic Average) depends on the Oil & Gas industry context. However, Shares Outstanding (Basic Average) 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 Shares Outstanding (Basic Average) mean?
A high Shares Outstanding (Basic Average) can signal that a stock is expensive relative to its fundamentals. The average shares outstanding over two periods not accounting for dilutive securities like convertible bonds. View historical data on AltaGas and its competitors. AltaGas's current Shares Outstanding (Basic Average) is 311 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?
AltaGas (FRA:AQ3) has a current Shares Outstanding (Basic Average) of 311 Mil. 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 Shares Outstanding (Basic Average) is 311 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 Shares Outstanding (Basic Average) calculated?
Shares Outstanding (Basic Average) is calculated from a company's financial statements. For AltaGas (FRA:AQ3), the current Shares Outstanding (Basic Average) is 311 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 (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:

  • Shares Outstanding (Basic Average): 311 Mil
  • GF Value™: €19.98 vs. price of €32.80 (64.2% above fair value)
  • GF Score™: 77/100 with 15 warning signs

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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Shares Outstanding (Basic Average) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€32.80
Price
€19.98
GF Value