AltaGas Ltd. ALA-T reported $205-million in net income attributable to common shares for its latest quarter, up from $203-million a year earlier.
The company says the profit amounted to 67 cents per diluted share for the quarter ended Dec. 31, down from 68 cents per diluted share a year earlier, when it had fewer shares outstanding.
On a normalized basis, AltaGas says it earned 77 cents per diluted share in its latest quarter, up from a normalized profit of 76 cents per diluted share in the fourth quarter of 2024.
Revenue for the quarter totalled $3.29-billion, up from $3.26-billion.
AltaGas also announced that Derek Evans has been appointed as board chair, effective May 1, as part of a planned transition.
Evans will succeed Pentti Karkkainen, who is expected to continue as chair until the transition date and will remain on the board as a director.