Earnings
August 24, 2019 - CM
New! CIBC - Q3-2018 Earnings & Price Target Forecast .....
August 22, 2019 - NXR.UN
Nexus REIT - Q2-2019 Earnings, Price Target Update .....
August 22, 2019 - RY
Royal Bank of Canada Q3-2019 Earnings, Price Target Update .....
August 21, 2019 - FSZ
Fiera Capital Corp. - Q2-2019 Earnings, Price Target .....
August 18, 2019 - NVU.UN
Northview Apartment REIT - Q2-2019 Earnings, Price Target Update .....
August 17, 2019 - FTS
Fortis Inc Q2-2019 Earnings, Price Target Update .....
August 16, 2019 - SPB
Superior Plus Corp. Q2-2019 Earnings & Price Target Update .....
August 15, 2019 - IPL
Inter Pipeline Ltd - Q2-2019 Earnings - Price Target Update .....
Recommendation Changes
CM, BRE, EIF, GEI, PKI, more...

Altagas Ltd - Q1-2019 Earnings, Price Target Update

This is only a sample of the article, please login to view the entire article

AltaGas Corp. (ALA) based in Alberta operates in three segments, Utilities, Midstream and Power Generation comprising total assets of $21.5B(US). Utilities contribute 58% of revenues, midstream -24% and power generation-18%. AltaGas now earns more than 50% of income from the US natural gas utility sector; the balance is mostly from midstream activities in western Canada.

The utilities segment serves 1.6M customers through ownership of regulated natural gas distribution utilities in five jurisdictions, and two regulated natural gas storage utilities in the US. During 2018, the WGL Utilities was acquired, effectively increasing total assets by $9B to $21B. This includes a 45% retained interest in Altagas Canada Inc. (ACI-TSX) and 33% ownership in Petrogas Corp, a privately held company who owns the Ferndale, Washington propane export terminal.

The Midstream segment includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing, a 50% interest in AltaGas Idemitsu Joint Venture Limited Partnership (AIJVLP), an 33% ownership of Petrogas Energy Corp., Petrogas, a privately held company owns the Ferndale Terminal, an interest in four regulated pipelines in the Marcellus/Utica gas formation in northeast United States and WGL's retail gas marketing business. Petrogas has been in operation since 1986 provides crude oil and NGL marketing and supply services to propane retailers, refiners and petrochemical producers across North America, and also own and operate the Ferndale, Washington LPG export facility, which is the only operating LPG export terminal on the US Pacific Coast.

You must be a member to view the entire article, please subscribe or login


Login
Username
Password
New Issues & Acquisition
August 23, 2019
New! Coverage Universe - Weekly Price Change Aug 16 - Aug 23, 2019
August 17, 2019
Coverage Universe - Weekly Price Change Aug 9 - Aug 16, 2019
August 9, 2019
Coverage Universe - Weekly Price Change Aug 2 - Aug 9, 2019
August 3, 2019
Coverage Universe - Weekly Price Change July 26 - Aug 2, 2019
July 26, 2019
Coverage Universe - Weekly Price Change July 19-26, 2019
July 22, 2019
Firm Capital Amercian Reallty Partners Corp- 6.25% Convertible Debenture New Issue
July 19, 2019
Coverage Universe - Weekly Price Change July 12-19, 2019
July 12, 2019
Coverage Universe - Weekly Price Change July 5-12, 2019