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AltaGas Ltd. (T:ALA)

Business Focus: Multiline Utilities

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Sector:  Utilities Industry:  Multiline Utilities
See Regulatory Filings on SEDAR
Company Contact
Address: 1700, 355-4 Avenue Sw
Tel: N/A
IR: See website
Key People
Pentti O. Karkkainen
Chairman of the Board
Randall L. Crawford
Chief Executive Officer, Director
Phillip R. Knoll
Interim Co-Chief Executive Officer, Director
Timothy William Watson
Chief Financial Officer, Executive Vice President
John D. O'Brien
President, Chief Operating Officer of AltaGas Services (U.S.) Inc.
Corine R.K. Bushfield
Executive Vice President, Chief Administrative Officer
John E. Lowe
Executive Vice President
Randy Warren Toone
Executive Vice President - Commercial and Business Development
Brad B. Grant
Vice President, General Counsel
Business Overview
AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp. The Power segment includes generation assets located across North America with over 2,000 megawatt (MW) of capacity from over five fuel types, with opportunities to expand in California and across the United States, as well as the opportunity to develop new gas-fired and renewable generation in Alberta to replace coal. The Utilities segment serves over 560,000 customers through ownership of regulated natural gas distribution utilities across North America and a regulated natural gas storage utility in the United States, delivering natural gas to homes and businesses.
Financial Overview
For the three months ended 31 March 2019, Altagas Ltd revenues increased from C$878.4M to C$1.9B. Net income applicable to common stockholders increased from C$48.8M to C$808.5M. Revenues reflect Utility segment increase from C$422.3M to C$1.11B, Power Generation segment increase from C$147.7M to C$359.6M. Net income benefited from Other income (loss) increase from C$5.3M (expense) to C$697.4M (income).
Employees: 2,881 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $16,695M as of Mar 31, 2019
Annual revenue (TTM): $5,276M as of Mar 31, 2019
EBITDA (TTM): $1,123M as of Mar 31, 2019
Net annual income (TTM): $258.00M as of Mar 31, 2019
Free cash flow (TTM): -$1,451M as of Mar 31, 2019
Net Debt Last Fiscal Year: $8,358M as of Mar 31, 2019
Shares outstanding: 275,876,687 as of Apr 10, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization