Altagas Stock Net Income
| ALA Stock | CAD 41.63 0.56 1.36% |
As of the 3rd of February, AltaGas shows the Downside Deviation of 1.16, risk adjusted performance of 0.0119, and Mean Deviation of 0.8857. AltaGas technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices.
AltaGas Total Revenue |
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Gross Profit | Profit Margin | Market Capitalization | Enterprise Value Revenue 1.8663 | Revenue |
| Last Reported | Projected for Next Year | ||
| Net Income | 699.2 M | 734.2 M | |
| Net Income From Continuing Ops | 699.2 M | 356.4 M | |
| Net Income Applicable To Common Shares | 664.7 M | 697.9 M | |
| Net Income Per Share | 1.81 | 0.98 | |
| Net Income Per E B T | 0.72 | 0.66 |
AltaGas | Net Income |
Evaluating AltaGas's Net Income across multiple reporting periods reveals the company's ability to sustain growth and manage resources effectively. This longitudinal analysis highlights inflection points, cyclical patterns, and structural changes that short-term snapshots might miss, offering deeper insight into AltaGas's fundamental strength.
Latest AltaGas' Net Income Growth Pattern
Below is the plot of the Net Income of AltaGas over the last few years. Net income is one of the most important fundamental items in finance. It plays a large role in AltaGas financial statement analysis. It represents the amount of money remaining after all of AltaGas operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue. It is AltaGas' Net Income historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AltaGas' overall financial position and show how it may be relating to other accounts over time.
| View | Last Reported 608 M | 10 Years Trend |
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Net Income |
| Timeline |
AltaGas Net Income Regression Statistics
| Arithmetic Mean | 313,197,941 | |
| Coefficient Of Variation | 107.17 | |
| Mean Deviation | 281,198,166 | |
| Median | 203,500,000 | |
| Standard Deviation | 335,659,952 | |
| Sample Variance | 112667.6T | |
| Range | 1.3B | |
| R-Value | 0.69 | |
| Mean Square Error | 62481.5T | |
| R-Squared | 0.48 | |
| Significance | 0 | |
| Slope | 46,056,755 | |
| Total Sum of Squares | 1802681.7T |
AltaGas Net Income History
AltaGas Net Income Driver Correlations
Understanding the fundamental principles of building solid financial models for AltaGas is extremely important. It helps to project a fair market value of AltaGas Stock properly, considering its historical fundamentals such as Net Income. Since AltaGas' main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of AltaGas' historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of AltaGas' interrelated accounts and indicators.
Click cells to compare fundamentals
AltaGas 'What if' Analysis
In the world of financial modeling, what-if analysis is part of sensitivity analysis performed to test how changes in assumptions impact individual outputs in a model. When applied to AltaGas' stock what-if analysis refers to the analyzing how the change in your past investing horizon will affect the profitability against the current market value of AltaGas.
| 11/05/2025 |
| 02/03/2026 |
If you would invest 0.00 in AltaGas on November 5, 2025 and sell it all today you would earn a total of 0.00 from holding AltaGas or generate 0.0% return on investment in AltaGas over 90 days. AltaGas is related to or competes with Emera, Brookfield Infrastructure, Capital Power, Brookfield Renewable, Brookfield Infrastructure, ATCO, and Canadian Utilities. AltaGas Ltd. operates as a diversified energy infrastructure company in North America More
AltaGas Upside/Downside Indicators
Understanding different market momentum indicators often help investors to time their next move. Potential upside and downside technical ratios enable traders to measure AltaGas' stock current market value against overall market sentiment and can be a good tool during both bulling and bearish trends. Here we outline some of the essential indicators to assess AltaGas upside and downside potential and time the market with a certain degree of confidence.
| Downside Deviation | 1.16 | |||
| Information Ratio | (0.04) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.69 |
AltaGas Market Risk Indicators
Today, many novice investors tend to focus exclusively on investment returns with little concern for AltaGas' investment risk. Other traders do consider volatility but use just one or two very conventional indicators such as AltaGas' standard deviation. In reality, there are many statistical measures that can use AltaGas historical prices to predict the future AltaGas' volatility.| Risk Adjusted Performance | 0.0119 | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) |
AltaGas February 3, 2026 Technical Indicators
| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
| Risk Adjusted Performance | 0.0119 | |||
| Market Risk Adjusted Performance | 0.003 | |||
| Mean Deviation | 0.8857 | |||
| Semi Deviation | 1.1 | |||
| Downside Deviation | 1.16 | |||
| Coefficient Of Variation | 8795.7 | |||
| Standard Deviation | 1.13 | |||
| Variance | 1.28 | |||
| Information Ratio | (0.04) | |||
| Jensen Alpha | 0.0217 | |||
| Total Risk Alpha | (0.07) | |||
| Sortino Ratio | (0.04) | |||
| Treynor Ratio | (0.01) | |||
| Maximum Drawdown | 5.54 | |||
| Value At Risk | (1.84) | |||
| Potential Upside | 1.69 | |||
| Downside Variance | 1.35 | |||
| Semi Variance | 1.22 | |||
| Expected Short fall | (0.93) | |||
| Skewness | 0.1271 | |||
| Kurtosis | 0.0841 |
AltaGas Backtested Returns
As of now, AltaGas Stock is very steady. AltaGas secures Sharpe Ratio (or Efficiency) of 0.0557, which signifies that the company had a 0.0557 % return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for AltaGas, which you can use to evaluate the volatility of the firm. Please confirm AltaGas' Downside Deviation of 1.16, risk adjusted performance of 0.0119, and Mean Deviation of 0.8857 to double-check if the risk estimate we provide is consistent with the expected return of 0.0617%. AltaGas has a performance score of 4 on a scale of 0 to 100. The firm shows a Beta (market volatility) of -0.41, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning AltaGas are expected to decrease at a much lower rate. During the bear market, AltaGas is likely to outperform the market. AltaGas right now shows a risk of 1.11%. Please confirm AltaGas expected short fall, day median price, and the relationship between the potential upside and accumulation distribution , to decide if AltaGas will be following its price patterns.
Auto-correlation | -0.49 |
Modest reverse predictability
AltaGas has modest reverse predictability. Overlapping area represents the amount of predictability between AltaGas time series from 5th of November 2025 to 20th of December 2025 and 20th of December 2025 to 3rd of February 2026. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of AltaGas price movement. The serial correlation of -0.49 indicates that about 49.0% of current AltaGas price fluctuation can be explain by its past prices.
| Correlation Coefficient | -0.49 | |
| Spearman Rank Test | -0.04 | |
| Residual Average | 0.0 | |
| Price Variance | 0.31 |
Because income is reported on the Income Statement of a company and is measured in dollars some investors prefer to use Profit Margin, which measures income as a percentage of sales.
| Competition |
AltaGas Accumulated Other Comprehensive Income
Accumulated Other Comprehensive Income |
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Based on the recorded statements, AltaGas reported net income of 608 M. This is 187.45% higher than that of the Oil, Gas & Consumable Fuels sector and significantly higher than that of the Energy industry. The net income for all Canada stocks is 6.48% lower than that of the firm.
AltaGas Net Income Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses AltaGas' direct or indirect competition against its Net Income to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of AltaGas could also be used in its relative valuation, which is a method of valuing AltaGas by comparing valuation metrics of similar companies.AltaGas is currently under evaluation in net income category among its peers.
AltaGas Fundamentals
| Return On Equity | 0.0896 | |||
| Return On Asset | 0.0343 | |||
| Profit Margin | 0.06 % | |||
| Operating Margin | 0.03 % | |||
| Current Valuation | 23.65 B | |||
| Shares Outstanding | 311.1 M | |||
| Shares Owned By Insiders | 0.62 % | |||
| Shares Owned By Institutions | 36.60 % | |||
| Number Of Shares Shorted | 4.31 M | |||
| Price To Earning | 14.61 X | |||
| Price To Book | 1.54 X | |||
| Price To Sales | 1.02 X | |||
| Revenue | 12.45 B | |||
| Gross Profit | 3.6 B | |||
| EBITDA | 1.62 B | |||
| Net Income | 608 M | |||
| Cash And Equivalents | 85 M | |||
| Cash Per Share | 0.10 X | |||
| Total Debt | 10.57 B | |||
| Debt To Equity | 0.94 % | |||
| Current Ratio | 0.76 X | |||
| Book Value Per Share | 27.78 X | |||
| Cash Flow From Operations | 1.54 B | |||
| Short Ratio | 4.00 X | |||
| Earnings Per Share | 2.49 X | |||
| Price To Earnings To Growth | 1.92 X | |||
| Target Price | 47.0 | |||
| Beta | 0.48 | |||
| Market Capitalization | 12.95 B | |||
| Total Asset | 26.09 B | |||
| Retained Earnings | (592 M) | |||
| Working Capital | (681 M) | |||
| Current Asset | 1.04 B | |||
| Current Liabilities | 947.7 M | |||
| Annual Yield | 0.03 % | |||
| Five Year Return | 7.40 % | |||
| Net Asset | 26.09 B | |||
| Last Dividend Paid | 1.24 |
About AltaGas Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze AltaGas's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of AltaGas using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of AltaGas based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with AltaGas
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AltaGas position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AltaGas will appreciate offsetting losses from the drop in the long position's value.Moving together with AltaGas Stock
Moving against AltaGas Stock
| 0.54 | BA | BOEING CDR | PairCorr |
| 0.5 | TSLA | Tesla Inc CDR | PairCorr |
| 0.47 | ENB-PFU | Enbridge Pref L | PairCorr |
| 0.46 | INTC | INTEL CDR | PairCorr |
| 0.45 | ENB-PFC | Enbridge Pref 11 | PairCorr |
The ability to find closely correlated positions to AltaGas could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AltaGas when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AltaGas - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AltaGas to buy it.
The correlation of AltaGas is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AltaGas moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AltaGas moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AltaGas can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Other Information on Investing in AltaGas Stock
AltaGas financial ratios help investors to determine whether AltaGas Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in AltaGas with respect to the benefits of owning AltaGas security.