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12 stories mentioning ALA.TO

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Mining & Metals

Canadian Energy Infrastructure Companies' Q1 Results Mostly In Line, CIBC Says

First-quarter results of Canadian energy infrastructure companies broadly aligned with expectations, with midstreamers pointing to upside in their guidance if market conditions hold, CIBC Capital Markets said.Pembina Pipeline (PPL.TO) hedged enough exposure to raise its guidance outright, and others could follow as the year progresses, CIBC said.During the quarter, CIBC found notable the number of projects announced in the United States relative to Canada, which could be attributed to a more advanced data center buildout in that market and the related demand for energy infrastructure.Among the potential catalysts for the sector include ongoing regulatory reform and execution of the Canada-Alberta memorandum of understanding.Keyera (KEY.TO) intends to give an updated pro forma outlook in June, while Pembina is expected to announce a final investment decision on the Greenlight Energy Center project.Price: $53.81, Change: $+0.09, Percent Change: +0.16%

$ALA.TO$BIP-UN.TO$ENB.TO$GEI.TO$KEY.TO$PPL.TO$SOBO.TO$TRP.TO
Mining & Metals

Keyera to Advance ACE Rail Terminal Project in Partnership With CN Rail, AltaGas

Keyera (KEY.TO) will invest an initial $240 million, including an additional $100 million on top of its 2026 growth capital guidance, to build the Alberta Corridor Export (ACE) rail terminal project, the company said on Wednesday.The rail hub is expected to be able to transport about 45,000 barrels per day of propane and butane from the Fort Saskatchewan region to West Coast export facilities. It is forecast to have an in-service date of mid-2028, to align with Keyera's KFS Fractionation III project being completed.ACE rail terminal will be designed to boost loading efficiency, reduce handling requirements and lower transportation costs compared with traditional rail solutions, a statement said. It will be developed in partnership with CN (CNR.TO) and AltaGas (ALA.TO), combining CN's rail network and AltaGas' West Coast export platform, and will be anchored by long-term commercial arrangements with both companies."This project reflects our continued focus on strengthening and extending Keyera's integrated value chain while providing customers with an efficient solution to diversify market access and benefit from growing global LPG demand," said Dean Setoguchi, Keyera chief executive officer.Keyera shares closed up $1.27 to $58.71 on Tuesday on the Toronto Stock Exchange.

$ALA.TO$CNR.TO$KEY.TO
Mining & Metals

Keyera, AltaGas and CN Rail Add Investment Will Expand Access to Global Markets and Support Long-term Economic Growth

$ALA.TO$CNR.TO$KEY.TO
Mining & Metals

Keyera, AltaGas and CN Rail Say Investment in ACE Rail Terminal to Strengthen Canada's Energy Competitiveness

$ALA.TO$CNR.TO$KEY.TO
Mining & Metals

- -Keyera, AltaGas and CN Partnering to Build Strategic Canadian Infrastructure

$ALA.TO$CNR.TO$KEY.TO
Mining & Metals

BMO Raises AltaGas' Price Target to C$54.00 from C$49.00

BMO Capital Markets on Friday maintained its outperform rating on the shares of AltaGas (ALA.TO)' while raising its price target to C$54.00 from C$49.00 following the company's first-quarter results.AltaGas' strong first-quarter results provide evidence of a more positive outlook on the company's 2026/LT CAGR guidance, BMO said.While recent investor feedback has focused on valuation, the strong results and outlook reinforce recent share moves, if not help support a higher share level.BMO noted AltaGas' new project announcements that could result in the company delivering to upper end of the 5-7% compound annual growth rate guidance through 2030.Price: $51.96, Change: $+1.05, Percent Change: +2.06%

$ALA.TO
Research

AltaGas Keeps Outperform, Target Raised To C$52 From $51 at National Bank On "Strength In Numbers As Record Exports Underscores Midstream Upside"

AltaGas Keeps Outperform, Target Raised To C$52 From $51 at National Bank On "Strength In Numbers As Record Exports Underscores Midstream Upside"

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Mining & Metals

AltaGas' Q1 Normalized Net Income Rises YoY, On Track to Hit Top End of 2026 Guidance

AltaGas (ALA.TO) Thursday reported higher normalized net income in the first quarter and said it is on track to deliver 2026 results at the top end of its guidance.Normalized net income was C$415 million, or $1.33 per share, up from $342 million, or $1.14 per share. The result beat the non-GAAP earnings per share consensus estimate of $1.24 for the first quarter, as compiled by FactSet.Revenue held steady year over year at $3.97 billion. The result missed the sales consensus estimate of $4.13 billion, as compiled by FactSet.Normalized EBITDA was $818 million, up from $689 million.The growth in normalized EBITDA was attributed to higher global export volumes and margins, stronger processing and liquids handling margins, new utilities rates in D.C. and Virginia, strong asset optimization, and partial settlement of a pension liability.AltaGas expects to deliver 2026 results toward the top end of guidance for both normalized EBITDA and normalized EPS, with upside potential from continued LPG market strength.The company reiterated 2026 normalized EBITDA guidance of $1.925 billion to $2.025 billion; and normalized EPS guidance of $2.20 to $2.45.The company increased its 2026 capital program to $1.7 billion.

$ALA.TO
Equities

AltaGAs Says "On Track" to Deliver 2026 Results at Top End of 2026 Guidance; Potential Upside with Continued LPG Market Strength

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Mining & Metals

AltaGAs Q1 Normalized EPS $1.33 Compared to $1.15 in Q1 2025

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Mining & Metals

CIBC Names Keyera, Pembina as Top Energy Infrastructure Picks Ahead of Q1 Earnings Season

CIBC Capital Markets on Wednesday named Keyera (KEY.TO) and Pembina Pipeline (PPL.TO) as its top energy infrastructure picks heading into the first-quarter earnings season.Keyera has unrealized value in the pending acquisition of Plains' natural gas liquids assets, although the timing is more likely at quarter-end, CIBC said.Pembina also offers upside tied to the Greenlight Electricity Centre project, as well as a potential increase in marketing guidance, CIBC said.Pembina also has the strongest potential to increase marketing guidance, although historically it has been reluctant to do so early in the year, CIBC added."More broadly, we believe the constant macro news flow may create trading opportunities for investors who are nimble and able to tolerate the associated portfolio turnover," CIBC said.CIBC upgraded TC Energy's (TRP.TO) rating to outperformer from neutral while raising the price target to $89.00 from $85.00, reflecting higher expected returns from recent projects, with the increased return profile driving the rating change.CIBC also increased AltaGas (ALA.TO)'s price target to $51.00 from $50.00 on a stronger liquefied petroleum gas outlook.Superior Plus (SPB.TO)'s rating also moved to outperformer from neutral following its data center announcement for its Certarus unit.Price: $48.92, Change: $+0.71, Percent Change: +1.47%

$ALA.TO$KEY.TO$PPL.TO$SPB.TO$TRP.TO
Mining & Metals

RBC Favors AltaGas In Potential LPG Supply Shift Amid Iran War

RBC Capital Markets said over the weekend that AltaGas (ALA.TO) is its most favored way to play a potential global supply shift for the liquefied petroleum gas sector.RBC said investors are expected to focus on LPG export amid the war in Iran.AltaGas operates two joint venture terminals in Prince Rupert, British Columbia, and owns an LPG export terminal in Ferndale, Washington State."Although AltaGas can benefit from wider margins for spot cargoes, we believe the greatest upside is if it can secure new long-term tolling contracts to underpin further expansions of its Ridley Island Energy Export Facility," RBC said."While a smaller proportion of its business, Pembina Pipeline (PPL.TO) has its Prince Rupert Terminal that exports LPGs as well as holding LPG export capacity through AltaGas' infrastructure," RBC added.AltaGas is part of the RBC Global Top 30 list.Price: $49.40, Change: $+0.51, Percent Change: +1.04%

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