AltaGas Ltd.
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- AltaGas Ltd. is a leading North American energy infrastructure company that connects customers and markets to affordable and reliable sources of energy through its diversified operations in the Utilities and Midstream segments. Founded in 1994 and headquartered in Calgary, Alberta, the company employs approximately 3,000 people and serves residential, commercial, and industrial customers across Canada and the United States, with key assets in the Montney basin, U.S. midstream regions, and regulated utility jurisdictions including the District of Columbia, Maryland, Virginia, and Michigan. The Utilities segment owns and operates regulated natural gas distribution and storage utilities, including Washington Gas and SEMCO, serving about 1.6 million customers; natural gas storage facilities; and interstate transportation contracts. The Midstream segment encompasses global export facilities such as the Ridley Island Propane Export Terminal (RIPET) and Ferndale Terminal with up to 150,000 barrels per day capacity for propane and butane to Asia; natural gas gathering, processing, and extraction capacity of 1.2 Bcf/d each focused on Montney and Deep Basin; fractionation and liquids handling at 70,000 barrels per day; integrated hydrocarbons services including storage, rail logistics, pipelines, transportation, and wellsite fluids; natural gas and NGL marketing; and three gas-fired cogeneration plants, complemented by a 10% interest in the Mountain Valley Pipeline (MVP) mainline, Boost expansion, and Southgate project. Recent developments include a February 2025 long-term tolling agreement with Keyera Corp. for 12,500 barrels per day at RIPET, fractionation services at Keyera Fort Saskatchewan, and access to Keyera's rail, storage, and logistics network; a decision in November 2025 to retain its MVP ownership following a sales process, citing enhanced value from expansions like the oversubscribed MVP Boost adding 600 MMcf/d capacity by mid-2028 and advancing MVP Southgate; and the closing of a $460 million bought deal equity offering at $39.65 per share, including the full over-allotment, to reduce leverage and fund growth while improving credit outlooks to Positive from S&P and Stable from Fitch.
AltaGas: Switch From Common Shares To Preferred Stock For A Strong 3-Year Return
AltaGas Ltd. (ALA:CA) Q4 2025 Earnings Call Transcript
AltaGas: An Attractive Fixed Income Idea
AltaGas to Retain MVP as Long-Term Investment; Announces $400 Million Bought Deal Financing
AltaGas Ltd. (ALA:CA) Q3 2025 Earnings Call Transcript
AltaGas Ltd. (ATGFF) Q2 2025 Earnings Call Transcript
AltaGas Ltd. (ATGFF) Q1 2025 Earnings Call Transcript
AltaGas: An Interesting Combination Of Midstream And Utility
AltaGas Ltd. (ATGFF) Q4 2024 Earnings Call Transcript
AltaGas: Far Better Than It Was
AltaGas Ltd. (ATGFF) Q3 2024 Earnings Call Transcript
AltaGas: Locking In A 6.7% Preferred Divided Yield For The Next 5 Years
AltaGas Vs. Algonquin: Discounted Utilities With Ominous Similarities
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