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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