AltaGas Ltd.
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2.59%
ROIC.AI
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- Business
- AltaGas Ltd. (TSX: ALA) operates as a leading North American energy infrastructure company focused on connecting customers and markets to affordable and reliable sources of energy through its diversified Midstream and Utilities segments. The company provides midstream services including global export facilities such as the Ridley Island Propane Export Terminal (RIPET) and Ferndale Terminal for liquefied petroleum gas (LPG) shipments to Asia; processing, fractionation, and logistics infrastructure; hydrocarbon storage; integrated hydrocarbons handling encompassing storage, rail logistics, pipeline transportation, and wellsite fluids; natural gas and natural gas liquids (NGL) marketing; and three gas-fired cogeneration plants. Its Utilities segment delivers regulated natural gas distribution to approximately 1.6 million residential, commercial, and industrial customers via Washington Gas and SEMCO in the U.S. jurisdictions of the District of Columbia, Maryland, Virginia, and Michigan, along with interests in natural gas storage facilities. Founded in 1994 and headquartered in Calgary, Alberta, AltaGas conducts operations across Canada, including key positions in the Montney basin, British Columbia, Alberta, and Nova Scotia, and in the United States with midstream assets in major basins, the Gulf Coast, Alaska, and the aforementioned utility regions; it targets upstream producers, commercial and industrial users, and end consumers in domestic and export markets. In November 2025, AltaGas elected to retain its ownership stakes in the Mountain Valley Pipeline (MVP) projects—including the Mainline, 10% interest in the MVP Boost expansion adding 600 MMcf/d capacity under 20-year take-or-pay contracts with in-service targeted for mid-2028, and 5.1% interest in the MVP Southgate extension into North Carolina—as a long-term investment following a comprehensive sales process, citing superior value from near-term expansions over monetization. Concurrently, the company completed a $460 million bought deal equity financing, issuing 11,615,000 common shares at $39.65 each including the full exercise of the over-allotment option, with net proceeds allocated to leverage reduction and future growth funding. In December 2025, AltaGas announced a six percent dividend increase alongside 2026 guidance and a $1.6 billion capital program emphasizing organic growth, while Fitch and S&P issued positive credit outlook revisions to Stable and Positive, respectively, affirming BBB ratings amid improved leverage expectations.
Company News
AltaGas Ltd. (OTCMKTS:ATGFF) Receives Consensus Recommendation of “Buy” from Brokerages
2 Quality Stocks Showing An Entry Point: Trane Technologies And AltaGas
AltaGas Q2 Earnings Call Highlights
AltaGas: Switch From Common Shares To Preferred Stock For A Strong 3-Year Return
AltaGas Ltd. (ALA:CA) Shareholder/Analyst Call Transcript
AltaGas Ltd. (ALA:CA) Q4 2025 Earnings Call Transcript
Midstream Energy: Relative Favorability
OTC Markets Group Welcomes AltaGas Ltd. to OTCQX
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 Ltd. (ATGFF) Q2 2024 Earnings Call Transcript
Birchcliff and AltaGas Enhance Long-Term Partnership