AltaGas Ltd
TSX:ALA

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AltaGas Ltd
TSX:ALA
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Price: 38.95 CAD -1.47% Market Closed
Market Cap: 11.6B 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
S&P TSX Composite Index (Canada)

Earnings Calls

2025 Q1
May 1, 2025
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AltaGas Q1 2025: Strong Performance Amid Global Challenges
2025 Q1
May 1, 2025

In Q1 2025, AltaGas reported normalized EBITDA of $689 million, a 4% increase year-over-year, with normalized EPS of $1.15. The Midstream segment faced challenges, with EBITDA dropping to $197 million from $247 million, attributed to lower export margins. However, global export volumes rose to over 119,000 barrels per day, a 4% increase. Utilities thrived with a 15% growth in EBITDA driven by cold weather and modernization efforts. The company plans to invest over $700 million in capital improvements this year. Strong demand led to exceeding its 2027 export target, emphasizing a robust long-term growth outlook amidst global volatility.

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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