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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: 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 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 fiscal year ended 31 December 2019, Altagas Ltd revenues increased 29% to C$5.5B. Net income applicable to common stockholders totaled C$768.5M vs. loss of C$501.7M. Revenues reflect Utility segment increase of 47% to C$2.59B, Power Generation segment increase of 17% to C$1.37B, United States segment increase of 69% to C$4.33B. Net Income reflects Gains (losses) from sale of assets increase from C$10.6M (expense) to C$875.8M (income).
Employees: 2,801 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $11,766M as of Dec 31, 2019
Annual revenue (TTM): $5,495M as of Dec 31, 2019
EBITDA (TTM): $104.93M as of Dec 31, 2019
Net annual income (TTM): $768.70M as of Dec 31, 2019
Free cash flow (TTM): -$1,048M as of Dec 31, 2019
Net Debt Last Fiscal Year: $7,254M as of Dec 31, 2019
Shares outstanding: 279,425,083 as of Mar 27, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization