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AltaGas Ltd (ALA.TO) — chart, structure and Closelook read

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Company snapshot — AltaGas Ltd

ALA.TO in five paragraphs: what it makes and sells, where it sits in the Closelook stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
AltaGas operates energy infrastructure across North America through two segments, Utilities and Midstream. The Utilities arm owns rate-regulated natural gas distribution and storage networks that serve homes and businesses across several US states, alongside interstate gas transport contracts. The Midstream arm handles gas gathering, processing, extraction and fractionation, runs liquefied petroleum gas export terminals, moves gas and liquids by truck and rail, and also operates gas-fired power generation in California. It is headquartered in Calgary, Canada.
Where it sits in the stack
AltaGas carries no seat in our Rubin or Halo indices, so it sits outside the AI build-out stack entirely. Within the diary's universe it is classed under Energy, Canada, alongside other regulated and midstream names our peer group tracks by sector and country.
Who it is priced against
Closelook's peer group places it with other Canadian energy names — Suncor Energy, Canadian Natural Resources, Imperial Oil, ARC Resources, Whitecap Resources, TC Energy and Cameco — grouped by sector and country rather than by business model. Enbridge is a midstream competitor the market often names alongside it.
Why Closelook tracks it
AltaGas holds no index seat in the diary's coverage but does carry a Closelook score; momentum is its strongest module and quality its weakest, a gap the composite score reflects across all seven modules we run.
What the diary watches
The diary watches whether the weakness the quality module flags persists, and whether the stock's recent move above its longer-term trend holds as it stays some distance below its recent high.

AltaGas Ltd (ALA.TO) trades on the TO exchange in Canada, classified under Energy.

The Closelook company score reads 38/100 composite (momentum 64, quality 24, valuation 39) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelook’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

Signals for this name

Every Closelook reading that exists for ALA.TO, from the same nightly bakes the boards use. Research diary readings, not advice.

Who it is priced against Oil & Gas Midstream · Canada · 5 names with week and year-to-date

Peer group

Oil & Gas Midstream · Canada

Names in the same industry from the Closelook universe; scored names rank on their Closelook score, the rest on trend state.

Compared against ALA.TO on the nightly bakes; the Peers tab ranks the cohort on the Closelook scores where it exists.

Dividends and capital return trailing yield 2.46%, quarterly · buybacks 200 m CAD in FY2025

Dividends and capital return

What ALA.TO pays out and buys back — distributions read from the price series, money terms from the filings.

  • Trailing 12 months 1.32 CAD per share · a 2.46% yield on the 2026-09-18 close 4 distributions, paid quarterly 2026-09-18
  • Change on the year +39.4% against the prior twelve months prior twelve months 0.94 CAD per share
  • Last distribution 0.33 CAD per share as the price series records it, within days of the ex-date 2026-09-16
  • By calendar year 2025: 1.26 CAD (partial) · 2026: 1.00 CAD to date first distribution recorded in the three-year window: 2025-03-17
  • Dividends paid, FY2025 398 m CAD 54% of earnings
  • Buybacks, FY2025 200 m CAD 1.2% of today's market value
  • Share count +1.1% in FY2025
  • Capital returned 598 m CAD in a year of negative free cash flow dividends and buybacks together

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

Weather around the name 3 macro readings: Money Temperature, Factor regime, Sovereign pressure

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 50/100 · S&P 500 fund at 49, above its 50- and 200-day averagesEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-09-18
  • Factor regime Momentum leading — risk appetite buildingMomentum against low volatility (SPMO / SPLV): above its 50-day trend, 97th percentile of the window, +4.9% over 20 sessions. Factor regime → 2026-09-18
  • Sovereign pressure Index 0.07 · down 0.41 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-09-18

FAQ · from the current data · as of 2026-09-19

Quick answers

What is AltaGas Ltd (ALA.TO)?

AltaGas Ltd trades as ALA.TO on the TO exchange (Canada) and is classified under Energy in the Closelook research universe, as of the registry build of 2026-09-19.

Is ALA.TO in a Closelook index?

Not currently — AltaGas Ltd is tracked in the Closelook research universe but is not a constituent of a Closelook functional index as of 2026-09-19.

What is AltaGas Ltd's Closelook composite score?

38 out of 100, with momentum 64, quality 24 and valuation 39 sub-scores, as of 2026-09-19. Scores are Closelook's own research readings, not ratings or investment advice.

Where does ALA.TO trade against its moving averages?

Pullback inside an uptrend stack: Trades -0.4% vs the 50-day and +9.8% vs the 200-day average, 6.8% below the 52-week high and +38.7% off the 52-week low. Computed from daily closes. As of 2026-09-18 — a technical state from the nightly Closelook bake, not advice. The Technical tab carries the full row.

What does AltaGas Ltd do?

AltaGas operates energy infrastructure across North America through two segments, Utilities and Midstream. The Utilities arm owns rate-regulated natural gas distribution and storage networks that serve homes and businesses across several US states, alongside interstate gas transport contracts. The Midstream arm handles gas gathering, processing, extraction and fractionation, runs liquefied petroleum gas export terminals, moves gas and liquids by truck and rail, and also operates gas-fired power generation in California. Closelook's peer group places it with other Canadian energy names — Suncor Energy, Canadian Natural Resources, Imperial Oil, ARC Resources, Whitecap Resources, TC Energy and Cameco — grouped by sector and country rather than by business model. Enbridge is a midstream competitor the market often names alongside it.

Where does AltaGas Ltd sit in the AI build-out?

AltaGas carries no seat in our Rubin or Halo indices, so it sits outside the AI build-out stack entirely. Within the diary's universe it is classed under Energy, Canada, alongside other regulated and midstream names our peer group tracks by sector and country. AltaGas holds no index seat in the diary's coverage but does carry a Closelook score; momentum is its strongest module and quality its weakest, a gap the composite score reflects across all seven modules we run.

Does AltaGas Ltd pay a dividend?

AltaGas Ltd has paid 1.32 CAD per share over the last twelve months, paid quarterly, a trailing yield of 2.46% on the 2026-09-18 close; the last distribution recorded in the price series was 0.33 CAD on 2026-09-16. In fiscal 2025 the company paid 398 m CAD in dividends and bought back 200 m CAD of its own shares. The share count rose 1.1% over the fiscal year. The "Dividends and capital return" block on this page carries the lines.

What does this page show?

A live price chart with SMA overlays and drawing tools for ALA.TO, performance metrics, index-membership context and the Closelook structure read — an investment research diary view, not investment advice.

Related in the Closelook universe

then Oil & Gas Midstream, then Energy. Scored names rank on their Closelook score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.