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 fiscal year ended 31 December 2019, Altagas Ltd revenues increased 29% to C$5.5B. Net income applicable to common stockholders totaled C$768.5M vs. loss of C$501.7M. Revenues reflect Utility segment increase of 47% to C$2.59B, Power Generation segment increase of 17% to C$1.37B, United States segment increase of 69% to C$4.33B. Net Income reflects Gains (losses) from sale of assets increase from C$10.6M (expense) to C$875.8M (income). |
| Employees: | 2,801 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $11,766M as of Dec 31, 2019 |
| Annual revenue (TTM): | $5,495M as of Dec 31, 2019 |
| EBITDA (TTM): | $104.93M as of Dec 31, 2019 |
| Net annual income (TTM): | $768.70M as of Dec 31, 2019 |
| Free cash flow (TTM): | -$1,048M as of Dec 31, 2019 |
| Net Debt Last Fiscal Year: | $7,254M as of Dec 31, 2019 |
| Shares outstanding: | 279,425,083 as of Mar 27, 2020 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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