AltaGas reports record second quarter results
Normalized EBITDA rose to $391 million from $342 million, driven by higher global export volumes and margins.
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Energy infrastructure and regulated utilities operator
altagas.caLast updated
In short: AltaGas achieved record financial results and LPG export volumes while advancing several major infrastructure projects across North America.
Normalized EBITDA rose to $391 million from $342 million, driven by higher global export volumes and margins.
A conference call and webcast will be held on July 30 to discuss financial results and corporate developments.
Donald Jenkins steps down, Corine Bushfield and Jason Weekley appointed to new roles.
All management-nominated directors were elected at the 2026 Annual Meeting of Shareholders on April 30, 2026. Voting results show high approval rates for each nominee.
CEO Vern Yu said: 'We achieved record financial results in the second quarter, with strong performance in both the midstream and utilities segments.' He added that normalized EBITDA rose to CAD 391 million and normalized EPS rose to CAD 0.31, both up from the same period last year. Yu also highlighted the company's export business, stating: 'Our LPG export volume set a historical record of 144,000 barrels per day, a 13% increase from the second quarter of 2025.' He noted that supply disruptions in global markets have tightened supply, further highlighting the importance of stable Canadian exports...
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