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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
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 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 six months ended 30 June 2019, Altagas Ltd revenues increased from C$1.49B to C$3.07B. Net income applicable to common stockholders increased from C$50.2M to C$849.9M. Revenues reflect Utility segment increase from C$633.9M to C$1.52B, Power Generation segment increase from C$314.9M to C$710.1M. Net income benefited from Other income (loss) increase from C$6.6M (expense) to C$735.3M (income).
Employees: 2,881 as of Dec 31, 2018
Reporting Currency: Canadian Dollars
Enterprise value: $16,920M as of Jun 30, 2019
Annual revenue (TTM): $5,841M as of Jun 30, 2019
EBITDA (TTM): $1,107M as of Jun 30, 2019
Net annual income (TTM): $298.00M as of Jun 30, 2019
Free cash flow (TTM): -$1,573M as of Jun 30, 2019
Net Debt Last Fiscal Year: $8,072M as of Jun 30, 2019
Shares outstanding: 277,214,345 as of Aug 8, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization