07:33 AM EDT, 10/31/2024 (MT Newswires) -- AltaGas ( ATGFF ) reported on Thursday an increase in normalized EPS and GAAP EPS for the third quarter.

The company booked a normalized EPS of $0.14, rising from $0.08 and beating the S&P Capital IQ estimate of $0.09.

GAAP EPS totaled $0.03 compared to a loss of $0.18 and below the estimate of $0.10.

AltaGas ( ATGFF ) said its improved earnings were driven by the strong performance from its utilities segment.

Normalized EBITDA climbed to $294 million from $252 million.

Following a strong third quarter, AltaGas ( ATGFF ) said it expects to achieve the upper end of its 2024 normalized EBITDA guidance range of $1.68 billion to $1,78 billion. Normalized EPS is expected to be around the midpoint of the guidance range of $2.05 to $2.25.