AltaGas Ltd. ALA-T raised its guidance for the year as it reported $288-million in net income applicable to common shares in its second quarter, up from $175-million in the same quarter last year.
The company says the profit amounted to 92 cents per diluted share for the quarter ended June 30, up from 58 cents per diluted share in the same period last year.
On a normalized basis, AltaGas says it earned 31 cents per diluted share in its latest quarter, up from 27 cents per diluted share a year earlier.
Revenue for the quarter totalled $3.80-billion, an increase from $2.84-billion in the second quarter of 2025.
In its outlook, AltaGas raised its guidance for capital spending for 2026 to $1.8-billion from $1.7-billion.
The company also said it now expects normalized earnings per share of $2.35 to $2.60, an increase of six per cent.