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AltaGas Ltd. (T:ALA)

Business Focus: Natural Gas Utilities (NEC)

Sector:  Utilities Industry:  Natural Gas Utilities
Company Contact
Address: 1700, 355-4 Avenue Sw
Tel: N/A
IR: See website
Key People
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
Bradley B. Grant
Executive Vice President, Chief Legal Officer, Corporate Secretary
Shaheen Amirali
Executive Vice President, Chief External Affairs and Sustainability Officer
Donald M. Jenkins
Executive Vice President and President - Utilities and President, Washington Gas
Randy Warren Toone
Executive Vice President, President - Midstream
Business Overview
AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company's segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.
Financial Overview
For the nine months ended 30 September 2023, Altagas Ltd revenues decreased 5% to C$9.71B. Net income applicable to common stockholders increased 53% to C$528M. Revenues reflect Midstream segment decrease of 11% to C$6.1B. Net income reflects Gain/Loss on Sale of Group Companies increase from C$4M to C$318M (income), Income from equity investments increase from C$11M to C$32M (income). Dividend per share increased from C$0.80 to C$0.84.
Employees: 3,045 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $18,187M as of Sep 30, 2023
Annual revenue (TTM): $13,606M as of Sep 30, 2023
EBITDA (TTM): $1,278M as of Sep 30, 2023
Net annual income (TTM): $582.00M as of Sep 30, 2023
Free cash flow (TTM): -$670.00M as of Sep 30, 2023
Net Debt Last Fiscal Year: $8,716M as of Sep 30, 2023
Shares outstanding: 281,832,475 as of Nov 7, 2023
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization