AltaGas Ltd. (T:ALA)
Business Focus: Multiline Utilities
| Sector: Utilities | Industry: Multiline Utilities |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 1700, 355-4 Avenue Sw CALGARY AB T2P0J1 |
| Tel: | N/A |
| Website: | https://www.altagas.ca |
| IR: | See website |
| Key People | ||
| Pentti O. Karkkainen Independent Chairman of the Board | Randall L. Crawford President, Chief Executive Officer, Director | Vincent Ammann Chief Financial Officer, Executive Vice President |
| Timothy William Watson Chief Financial Officer, Executive Vice President | Adrian Chapman President and Chief Executive Officer - WG, President - U.S. Utilities, ASUS | Corine R.K. Bushfield Executive Vice President, Chief Administrative Officer |
| Brad B. Grant Executive Vice President and Chief Legal Officer, Executive Vice President - Strategy and Corporate Development | John D. O'Brien Executive Vice President - Government & Regulatory Affairs, ASUS and Executive Vice President - Strategy and Public Affairs, WG | Randy Warren Toone Executive Vice President and President - Midstream |
| Business Overview |
| AltaGas Ltd is a Canada-based diversified energy infrastructure company. It operates through three segments: Midstream Power and Utilities. Its Midstream transacts more than 1.5 billion cubic feet per day (Bcf/d) of natural gas. Its Midstream business includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. Its Power segment is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Michigan, and North Carolina. Its Power segment includes 695 megawatt (MW) of operational gross power generation capacity from gas-fired, solar, biomass, and energy storage. The Utilities segment serves customers through ownership of regulated natural gas distribution utilities. The Utilities business also includes storage facilities and contracts to interstate natural gas transportation and storage services. |
| Financial Overview |
| For the nine months ended 30 September 2019, Altagas Ltd revenues increased 57% to C$3.96B. Net income applicable to common stockholders totaled C$872.3M vs. loss of C$676M. Revenues reflect Utility segment increase of 89% to C$1.79B, Power Generation segment increase of 38% to C$1.05B. Net Income reflects Other income increase from C$5.1M to C$838.8M (income), Provisions on assets decrease of 100% to C$800K (expense). |
| Employees: | 2,881 as of Dec 31, 2018 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $16,950M as of Sep 30, 2019 |
| Annual revenue (TTM): | $5,688M as of Sep 30, 2019 |
| EBITDA (TTM): | $212.83M as of Sep 30, 2019 |
| Net annual income (TTM): | $1,047M as of Sep 30, 2019 |
| Free cash flow (TTM): | -$1,202M as of Sep 30, 2019 |
| Net Debt Last Fiscal Year: | $7,703M as of Sep 30, 2019 |
| Shares outstanding: | 278,303,196 as of Nov 22, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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