AltaGas Ltd
TSX:ALA

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AltaGas Ltd
TSX:ALA
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Price: 41.48 CAD 0.34% Market Closed
Market Cap: 12.4B CAD

AltaGas Ltd
Investor Relations

AltaGas Ltd. is a North American energy infrastructure company that orchestrates the intricate dance of natural resources through a balanced portfolio of regulated gas utilities and midstream operations. Founded in Calgary, AltaGas has long navigated the complexities of the energy landscape, deftly managing everything from the transportation and storage of natural gas to providing reliable utility services. The company's utilities segment serves a diverse clientele across the United States, ensuring energy delivery to residential, commercial, and industrial consumers in regions like Michigan and West Virginia. Here, predictability reigns supreme as regulated returns from this segment provide a steady cash flow, allowing AltaGas to maintain stability even in the face of market volatility.

In the midstream arena, AltaGas connects the dots of the energy value chain, facilitating the movement of gas from producers in Western Canada to dynamic North American and global markets. This segment is where the company fosters growth, leveraging its infrastructure to process, transport, and export natural gas and natural gas liquids. AltaGas's participation in the global liquefied natural gas market further bridges the gap between resource-rich Canadian producers and energy-hungry international markets, primarily in Asia. The integration of these operations not only underpins the company’s revenue generation but also positions AltaGas as a crucial player in the global energy supply web. Through strategic investments in infrastructure and selective expansion, AltaGas aims to generate sustainable returns while actively contributing to North America's transition to cleaner energy solutions.

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ALA
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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 30, 2025
AI Summary
Q3 2025

Strong Q3 Performance: AltaGas reported solid third quarter results with strong operational execution in both Midstream and Utilities, positioning the company well for 2025 guidance.

Record Midstream Volumes: Achieved record global LPG export volumes of 133,000 barrels per day, with year-to-date volumes up 4%.

Growth Projects Approved: Sanctioned three new growth projects: REEF Optimization One, Dimsdale gas storage Phase 1 expansion, and the Keweenaw pipeline, expanding secured growth inventory.

Guidance Reiterated: Management reiterated full-year 2025 guidance for normalized EBITDA and EPS, citing balanced tailwinds and headwinds.

Balance Sheet Strength: Continued deleveraging and disciplined capital allocation have increased investment capacity to $5 billion over the next three years.

Regulatory Progress: Advanced multiple rate cases and modernization program filings in Virginia and D.C., with expectations for positive outcomes.

MVP Sale Update: AltaGas is in the final stages of the Mountain Valley Pipeline (MVP) monetization process, expecting an update in the coming weeks.

Key Financials
Normalized EBITDA
$268 million
Global LPG Export Volumes
over 133,000 barrels per day
Utilities O&M Costs at WGL
5% reduction
Utilities Modernization Spending
$121 million
Midstream Segment Normalized EBITDA
$204 million
Utilities Segment Normalized EBITDA
$68 million
North Pine Frac Plant Volume Growth
13% year-over-year growth
Dimsdale Gas Storage Expansion
6 Bcf expansion (Phase 1)
Keweenaw Pipeline
USD 135 million project, 30 miles
Capital Investment Capacity
$5 billion over next 3 years
2025 Capital Budget
$1.4 billion
Earnings Call Recording
Other Earnings Calls

Management

Mr. Vernon D. Yu
President, CEO & Non-Independent Director
No Bio Available
Ms. Corine Renne Knight Bushfield B.Comm, CA, CPA
Executive VP & Chief Administrative Officer
No Bio Available
Mr. Randy W. Toone B.Sc., P.Eng
Executive VP & President of Midstream
No Bio Available
Mr. Donald M. Jenkins B.Sc., M.B.A.
Executive VP, President of Utilities & President of Washington Gas
No Bio Available
Mr. Jon Morrison
Senior Vice President of Investor Relations & Corporate Development
No Bio Available
Mr. Bradley B. Grant B.Comm, Esq., LLB, MBA
Executive VP & Chief Legal Officer
No Bio Available
Mr. Kent E. Stout
Senior Vice President of Organizational Development
No Bio Available
David Anderson
Senior Vice President of Corporate Environmental Health & Safety
No Bio Available
Ms. Hejdi Carlsen
Senior Vice President of Corporate Affairs
No Bio Available
Ms. Jimmi Duce
Corporate Secretary
No Bio Available

Contacts

Address
ALBERTA
Calgary
1700, 355-4 Avenue Sw
Contacts
+14036917575.0
www.altagas.ca