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AltaGas (TSX: ALA) Delivers Resilient 2024 Results Amid Revenue Decline; Reaffirms Growth Outlook for 2025
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Highlights
AltaGas Ltd (TSX: ALA) operates a broad range of energy infrastructure businesses through four main segments: Midstream, Power, Utilities, and Corporate. The company generates revenue from customers in both Canada and the United States, with most of its income coming from U.S.-based clients.
In 2024, AltaGas reported total revenue of CAD 12.4 billion, a 4.2% decrease from the previous year, primarily driven by warmer-than-normal weather impacting its Utilities segment, as well as lower natural gas and LPG commodity prices and reduced Retail Energy contributions.
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