AltaGas Ltd. (T:ALA)
Business Focus: Multiline Utilities
| Sector: Utilities | Industry: Multiline Utilities |
| See Regulatory Filings on SEDAR | |
| Company Contact | |
| Address: | 355 4 Ave SW Suite 1700 CALGARY AB T2P 0J1 |
| 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 | D. James Harbilas Chief Financial Officer, Executive Vice President |
| Corine R.K. Bushfield Executive Vice President, Chief Administrative Officer | Fredrick Dalena Executive Vice President - Commercial Strategy and Business Development | Brad B. Grant Executive Vice President, Chief Legal Officer |
| Donald M. Jenkins Executive Vice President, President - Utilities, President - Washington Gas Light Company | Randy Warren Toone Executive Vice President, 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 three months ended 31 March 2020, Altagas Ltd revenues decreased 2% to C$1.87B. Net income applicable to common stockholders decreased 43% to C$464M. Revenues reflect Midstream segment decrease of less than 1% to C$450M. Net income also reflects Income from equity investments decrease of 80% to C$11M (income). Dividend per share remained flat at C$0.24. |
| Employees: | 2,801 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13,019M as of Mar 31, 2020 |
| Annual revenue (TTM): | $5,466M as of Mar 31, 2020 |
| EBITDA (TTM): | $531.00M as of Mar 31, 2020 |
| Net annual income (TTM): | $424.20M as of Mar 31, 2020 |
| Free cash flow (TTM): | -$957.80M as of Mar 31, 2020 |
| Net Debt Last Fiscal Year: | $7,106M as of Mar 31, 2020 |
| Shares outstanding: | 279,445,083 as of Mar 31, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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