AltaGas Ltd. (ALA.TO), an energy infrastructure company, on Tuesday issued its 2026 outlook, forecasting higher earnings and EBITDA and announcing a 6% increase to its annual dividend. The company also outlined its strategic priorities for the year.
AltaGas expects normalized EPS of $2.20-$2.45 for 2026, representing roughly 6% year-over-year growth, while normalized EBITDA is projected at $1.925 billion-$2.025 billion, up about 8% from 2025.
The annual dividend will rise to $1.34 per share, with the first quarterly dividend of $0.334 per share payable on March 31, 2026, to shareholders of record as of March 16.
The company set its 2026 capital program at approximately $1.6 billion, excluding asset retirement obligations. About 69% of the spending will go to Utilities, 27% to Midstream, and the remainder to system and technology upgrades aimed at improving long-term operating efficiency. AltaGas said the program is supported by strong organic growth opportunities and increased investment capacity driven by rising normalized EBITDA and improved financial flexibility.
AltaGas added that its 2026 strategic priorities focus on strengthening long-term per-share value. The company plans to optimise asset returns through improved utilisation, cost discipline and timely rate-case filings, while managing risk through long-term Midstream contracts, hedging and regulatory engagement.
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