AltaGas Ltd. on Aug. 1 reported second-quarter 2019 normalized EBITDA of C$203 million, an increase from C$166 million in the comparable 2018 quarter.
The S&P Global Market Intelligence consensus estimate for the quarter was C$200.8 million.
Second-quarter normalized funds from operations dropped to C$120 million from C$121 million in the year-ago quarter.
The company posted a normalized net loss of C$5 million, or 2 Canadian cents per share, in the most recent quarter, compared with net income of C$23 million, or 13 cents per share, in the same period of 2018.
Revenue came in at C$1.17 billion, rising from C$610 million a year earlier.
AltaGas continues to target full-year 2019 normalized EBITDA in the range of C$1.2 billion to C$1.3 billion and normalized funds from operations in the range of C$850 million to C$950 million.