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 | ||
| Randall L. Crawford President, Chief Executive Officer, Director | ||
| 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 2020, AltagasLtd revenues decreased 2% to C$3.9B. Net income applicableto common stockholders decreased 50% to C$438M. Revenuesreflect Midstream segment decrease of 8% to C$1.06B. Netincome also reflects Income from equity investmentsdecrease of 41% to C$50M (income), Provisions on assetsincrease from C$800K to C$5M (expense). Dividend per shareremained flat at C$0.72. |
| Employees: | 2,801 as of Dec 31, 2019 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $13,971M as of Sep 30, 2020 |
| Annual revenue (TTM): | $5,432M as of Sep 30, 2020 |
| EBITDA (TTM): | $686.00M as of Sep 30, 2020 |
| Net annual income (TTM): | $334.40M as of Sep 30, 2020 |
| Free cash flow (TTM): | -$507.80M as of Sep 30, 2020 |
| Net Debt Last Fiscal Year: | $7,111M as of Sep 30, 2020 |
| Shares outstanding: | 279,527,266 as of Feb 11, 2021 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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