(RTTNews) - AltaGas Ltd. (ALA.TO), Friday announced the fourth-quarter financial results, reporting normalized funds from operations of C$397 million compared to C$376 million in the previous year.
Net income for the quarter totaled C$203 million or C$0.68 a share versus C$113 million or C$0.40 a share in last year.
Normalized income was C$227 million or C$0.76 a share compared to C$214 million or C$0.75 a share in the prior year.
Analysts, on average, estimated earnings of C$0.71 a share for the period.
Revenue declined to C$3.259 billion from C$3.288 billion last year.
Thursday, AltaGas's stock closed at C$36.05, down 1.04 percent on the Toronto.
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