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 | ||
| 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 | |
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