11:47 AM EDT, 10/30/2025 (MT Newswires) -- (Updates shares.)

AltaGas ( ATGFF ) on Thursday reported a drop in normalized net income in the third quarter and reiterated its full-year 2025 guidance.

Normalized net income for the third quarter was C$11 million, or $0.04 per share, a decline from $42 million, or $0.14 per share. The consensus non-GAAP earnings per share estimate for the third quarter as compiled by FactSet was $0.05.

Normalized EBITDA also decreased to $268 million from $294 million. The utilities segment recorded a decrease in normalized EBITDA, driven by the absence of the partial settlement of Washington Gas' post-retirement benefit pension plan recognized in the third quarter of 2024.

AltaGas ( ATGFF ) maintained its full-year 2025 normalized EPS guidance of $2.10-$2.30, compared to normalized EPS of $2.18 in 2024. Normalized EBITDA guidance is forecast at $1.78 billion-$1.88 billion, compared to normalized EBITDA of $1.77 billion in 2024.

The company's shares were last seen down $0.78 to $40.99 on the Toronto Stock Exchange.

Price: 40.95, Change: -0.82, Percent Change: -1.96