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altagas ltd (ALA) Details

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers. This segment also provides interstate natural gas transportation and storage services. It serves homes and businesses. The Midstream segment engages in the natural gas gathering and processing; natural gas liquids (NGL) extraction and fractionation, transmission, and storage; natural gas and NGL marketing; and gas retail marketing activities. This segment owns approximately 1.5 billion cubic feet per day (Bcf/d) of natural gas extraction processing capacity and approximately 0.7 Bcf/d of raw field gas processing capacity; and holds interest in 4 regulated pipelines in the Marcellus/Utica gas formation in the northeastern United States. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. The Power segment is involved in the generation and sale of electricity; and energy storage and retail power marketing activities. It has 1,105 megawatt of operational gross capacity from natural gas-fired, biomass, solar, and distributed energy. This segment also provides ancillary services. It serves residential, commercial, and industrial users. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.

2,881 Employees
Last Reported Date: 02/28/19
Founded in 1994

altagas ltd (ALA) Top Compensated Officers

President, CEO & Non-Independent Director
Total Annual Compensation: C$1.3M
Founder & Director
Total Annual Compensation: C$1.3M
President & CEO of Washington Gas Light and P...
Total Annual Compensation: C$5.3M
Executive VP of Government & Regulatory Affai...
Total Annual Compensation: C$1.3M
Executive VP & Chief Administrative Officer
Total Annual Compensation: C$643.0K
Compensation as of Fiscal Year 2018.
altagas ltd
Altagas Ltd. Announces Dividend for the Month of June 2019, Payable on July 15, 2019

AltaGas Ltd. announced that the June dividend will be paid on July 15, 2019, to common shareholders of record on June 25, 2019. The ex-dividend date is June 24, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

AltaGas Ltd. Charts New Course for Canadian Energy with First Cargo and Grand Opening of Ridley Island Propane Export Terminal

AltaGas Ltd. celebrates the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia – the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia. RIPET allows AltaGas to leverage the strength of its assets along the energy value chain in western Canada – from gas gathering and processing, to liquids handling, fractionation and export – by attracting increasing volumes and enhancing throughput. The ability to provide access to premium overseas markets, where demand for cleaner fuels is growing, is anticipated to be a significant catalyst for further growth within AltaGas' Midstream business. In total, RIPET is expected to ship approximately 1.2 million tonnes of propane annually to customers in Asia. Asia is the world's largest importer of LPG, with as many as 24 million households using propane for heating and cooking in Japan alone. Propane is also an important feedstock for the petrochemical industry, and fuels nearly 25 million vehicles worldwide. Throughout the design and construction of RIPET, AltaGas worked closely with local Indigenous Peoples, communities and all levels of government to develop opportunities for economic and social development, skills training, and emergency response preparedness. The project provided more than 200 jobs during the construction phase, and will provide up to 40 additional permanent jobs for the local economy now that the facility is operational. AltaGas also worked closely with emergency responders in Port Edward and Prince Rupert, providing training and financial support to ensure the safety of nearby communities. RIPET is owned by a joint venture between AltaGas (as to a 70% interest) and a Canadian subsidiary of Royal Vopak (as to a 30 percent interest). Pursuant to the arrangement, AltaGas has the right to 100% of the capacity of RIPET.

AltaGas Ltd. Announces Executive Changes

AltaGas Ltd. announced the appointment of D. James Harbilas as Executive Vice President and Chief Financial Officer, effective June 10, 2019. Mr. Harbilas will be responsible for AltaGas' finance, treasury, corporate development and capital market functions. AltaGas also announced that Tim Watson, the Company's current Executive Vice President and Chief Financial Officer, will be leaving the Company. Mr. Watson will remain in his current role until June 9, 2019. Mr. Harbilas will be joining AltaGas from Enerflex Ltd., where he has served as Executive Vice President and Chief Financial Officer for over 11 years. Prior to his leadership role at Enerflex Ltd., he also served as Vice President, Finance and Chief Financial Officer of Fortis Alberta Inc.

 

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Valuation ALA Industry Range
Price/Earnings 19.1x
Price/Sales 1.0x
Price/Book 0.9x
Price/Cash Flow 7.2x
TEV/Sales NM Not Meaningful
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