AltaGas Ltd. (T:ALA)
Business Focus: Natural Gas Utilities (NEC)
Mixed as of April 01, 2024
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Insider Filings
Latest 10 SEDI filings for ALA within the last 6 months
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Company News
Apr 11, 2024 20:13 ET
ALTAGAS TO ISSUE FIRST QUARTER 2024 RESULTS AND HOLD ANNUAL MEETING OF SHAREHOLDERS
CALGARY, AB, April 11, 2024 /CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) will release its first quarter 2024 results on Thursday, May 2, 2024, before market open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments.
Mar 14, 2024 10:00 ET
ALTAGAS CLOSES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS
CALGARY, AB, March 14, 2024 /CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) today announced that it has closed its previously announced issuance of $350 million of senior unsecured medium term notes (the "10 Year Notes") with a coupon rate of 5.141 percent, maturing on March 14, 2034 and $250 million of senior unsecured medium term notes (the "30 Year Notes") with a coupon rate of 5.597 percent, maturing on March 14, 2054 (the "Offering").
Valuation Ratios
Industry
Sector
Beta
1.22
--
--
Price to Sales - TTM
0.66
0.68
1.99
Price to Book - most recent quarter
1.18
1.40
1.54
Price to Cash Flow per share - TTM
7.80
6.74
5.39
Price to Free Cash Flow per share - TTM
--
12.14
16.55
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 3,727,113 | 249,325 |
| Mar 15, 2024 | 3,477,788 | -554,654 |
| Feb 29, 2024 | 4,032,442 | 117,577 |
Business Summary
| Sector: Utilities | Industry: Natural Gas Utilities |
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.
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