AltaGas Ltd. (T:ALA)
Business Focus: Natural Gas Utilities (NEC)
| Sector: Utilities | Industry: Natural Gas Utilities |
| 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 | 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 | |
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