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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

17.91CAD
18 Apr 2019
Change (% chg)

$-0.15 (-0.83%)
Prev Close
$18.06
Open
$18.07
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$17.89
Volume
649,676
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1,351,250
52-wk High
$28.45
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$11.87

Latest Key Developments (Source: Significant Developments)

AltaGas Q3 Adjusted Loss Per Share C$0.07
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THIRD QUARTER RESULTS AND FRAMEWORK FOR BALANCED FUNDING PLAN TO BUILD LONG-TERM SHAREHOLDER VALUE.Q3 ADJUSTED LOSS PER SHARE C$0.07.Q3 LOSS PER SHARE C$2.78.Q3 EARNINGS PER SHARE VIEW C$0.05 -- THOMSON REUTERS I/B/E/S.SUSPENSION OF PREMIUM DIVIDEND REINVESTMENT PLAN, UNTIL FURTHER NOTICE.ALTAGAS - EXPECTS OVERALL DRIP PARTICIPATION RATE TO MATERIALLY DROP FROM CURRENT LEVELS OF APPROXIMATELY 66 PERCENT AS A RESULT OF PDRIP SUSPENSION.ALTAGAS WILL UNDERTAKE FURTHER ASSET SALES OF $1.5 TO $2.0 BILLION IN NEAR TERM.ASSET SALES ARE EXPECTED TO INCLUDE MONETIZATION OF AN ADDITIONAL INTEREST IN NORTHWEST HYDRO FACILITIES.AS A COMBINED ENTITY WITH WGL, ALTAGAS EXPECTS 2018 NORMALIZED EBITDA TO INCREASE BY APPROXIMATELY 25 TO 30 PERCENT.AS A COMBINED ENTITY WITH WGL, ALTAGAS EXPECTS 2018 NORMALIZED FUNDS FROM OPERATIONS TO INCREASE BY APPROXIMATELY 10 PERCENT.ALTAGAS - NOV. 2018 DIVIDEND PAYABLE ON DEC. 17 TO COMMON SHARE HOLDERS WILL BE LAST DIVIDEND PAYMENT ELIGIBLE FOR REINVESTMENT BY PDRIP PARTICIPANTS.  Full Article

Altagas Announces Filing Of Amended And Restated Prospectus For IPO Of Altagas Canada Inc
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF AN AMENDED AND RESTATED PROSPECTUS FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC., WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.ALTAGAS LTD - HAS BEEN RAPIDLY REPAYING ITS BRIDGE FACILITY, AND EXPECTS TO MEET ITS COMMITMENT TO HAVE BRIDGE FACILITY RETIRED IN Q4 OF 2018..ALTAGAS LTD - FINAL STEP FOR BRIDGE REPAYMENT FOLLOWING COMPLETION OF IPO IS ABOUT $1.1 BILLION IN FINANCING.ALTAGAS LTD - TOTAL CASH PROCEEDS FOR ALTAGAS FROM IPO EXPECTED TO APPROACH $1 BILLION, WHICH WILL BE FUNDED BY ALTAGAS CANADA.ALTAGAS LTD - EXPECTS TO HOLD ABOUT 37% TO 45% OF ACI AT CLOSE OF IPO.ALTAGAS - AFTER COMPLETION OF IPO, EXPECT TO RAISE ABOUT $2.5 BILLION THROUGH ASSET MONETIZATION PLAN, EXCEEDING ORIGINAL TARGET OF $2.0 BILLION.ALTAGAS LTD - ACI PROPOSES TO SELL 16.5 MILLION SHARES; OFFERING PRICE EXPECTED TO BE BETWEEN $15.50 AND $18.00 PER COMMON SHARE.ALTAGAS LTD - FINAL DECISION OF IPO SIZE AND PRICE, AS WELL AS CLOSING OF IPO, IS EXPECTED TO OCCUR IN LATE OCTOBER 2018.ALTAGAS LTD - ALTAGAS EXPECTS TO HOLD APPROXIMATELY 37% TO 45% OF ACI AT CLOSE OF IPO.ALTAGAS LTD - IPO IS EXPECTED TO CLOSE IN LATE OCTOBER 2018.  Full Article

AltaGas Announces Filing Of Preliminary Prospectus For Altagas Canada Inc IPO
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF A PRELIMINARY PROSPECTUS FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC. WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.ALTAGAS LTD - EXPECTS TO HOLD ABOUT 37% TO 45% OF ALTAGAS CANADA INC AT CLOSE OF IPO.ALTAGAS LTD - WILL HAVE THREE NOMINEES ON ALTAGAS CANADA INC'S SEVEN-MEMBER BOARD.ALTAGAS - EXPECTED PROCEEDS FROM IPO, SALE OF ASSETS & MONETIZATION OF 35% INTEREST IN NORTHWEST HYDRO FACILITIES, SEEN TO RAISE ABOUT C$2.5 BILLION.ALTAGAS LTD - AFTER TAKING INTO EFFECT THE ASSET SALES, CO WILL HAVE ABOUT $1.1 BILLION REMAINING ON BRIDGE FACILITY.ALTAGAS LTD - EXPECTS TO COMPLETE ALL FUNDING STEPS FOR TOTAL REPAYMENT OF OUTSTANDING BRIDGE FACILITY IN Q4.ALTAGAS LTD - FINAL PLANNED STEP IN BRIDGE FACILITY REPAYMENT IS EXPECTED TO BE TERM DEBT & HYBRID SECURITIES ISSUANCES.ALTAGAS LTD - ACI WILL HOLD CANADIAN RATE-REGULATED NATURAL GAS DISTRIBUTION UTILITY ASSETS AND CONTRACTED WIND POWER IN CANADA.ALTAGAS LTD - ACI WILL HOLD APPROXIMATE 10% INDIRECT EQUITY INTEREST IN NORTHWEST HYDRO FACILITIES IN BRITISH COLUMBIA.  Full Article

Altagas Announces The Sale Of Non-Core Midstream And Power Assets
Monday, 10 Sep 2018 

Sept 10 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE SALE OF NON-CORE MIDSTREAM AND POWER ASSETS.DEAL FOR FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION.DEAL FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION.PROCEEDS FROM SALE OF ASSETS WILL BE USED TO REPAY SIGNIFICANT PORTION OF BRIDGE FACILITY RELATED TO ACQUISITION OF WGL HOLDINGS INC.EXPECT TO HAVE FURTHER ANNOUNCEMENTS IN NEAR FUTURE ON ASSET MONETIZATIONS.FUNDING STRATEGY FOR DEAL OF WGL HOLDINGS REMAINS FIRMLY ON TRACK TO REACH EXPECTED TOTAL TARGETED ASSET SALES OF AT LEAST $2 BILLION BY Q4 2018.  Full Article

Altagas Announces Expansion Of Board And The Appointment Of Three New Directors
Thursday, 26 Jul 2018 

July 26 (Reuters) - AltaGas Ltd ::ALTAGAS LTD. ANNOUNCES EXPANSION OF BOARD AND THE APPOINTMENT OF THREE NEW DIRECTORS.ALTAGAS LTD - EXPANSION OF ITS BOARD OF DIRECTORS FROM NINE TO 12 SEATS AND APPOINTMENT OF THREE NEW DIRECTORS.ALTAGAS LTD - THREE NEW BOARD MEMBERS APPOINTED ARE CYNTHIA JOHNSTON, PENTTI KARKKAINEN AND TERRY MCCALLISTER.ALTAGAS LTD - ONE VACANT BOARD SEAT WHICH WILL BE FILLED WHEN ALTAGAS APPOINTS A PERMANENT CHIEF EXECUTIVE OFFICER.  Full Article

Altagas Ltd Files For Mixed Shelf Of Upto $2.0 Billion - SEC Filing
Wednesday, 13 Jun 2018 

June 13 (Reuters) - AltaGas Ltd ::ALTAGAS LTD FILES FOR MIXED SHELF OF UPTO $2.0 BILLION - SEC FILING.  Full Article

Altagas Ltd Reports Q1 Adjusted FFO Per Share C$0.96
Thursday, 26 Apr 2018 

April 26 (Reuters) - Altagas Ltd ::ALTAGAS LTD REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED FFO PER SHARE C$0.96.EXPECTS NET CAPITAL EXPENDITURES IN RANGE OF $500 TO $600 MILLION (EXCLUDING WGL) FOR 2018.GAS AND POWER MAINTENANCE CAPITAL IS EXPECTED TO BE ABOUT $25 TO $35 MILLION OF TOTAL CAPITAL EXPENDITURES IN 2018.SEES 2018 NORMALIZED FUNDS FROM OPERATIONS TO INCREASE BY APPROXIMATELY 15 TO 20 PERCENT.ALTAGAS - CONSOLIDATED 2018 CAPITAL PROGRAM ON A COMBINED BASIS, INCLUDING CAPITAL FOR WGL, EXPECTED TO BE IN RANGE OF ABOUT $1.0 TO $1.3 BILLION.AS A COMBINED ENTITY WITH WGL POST CLOSING OF WGL DEAL, CO EXPECTS NORMALIZED EBITDA TO INCREASE BY APPROXIMATELY 25 TO 30 PERCENT.  Full Article

Birchcliff Energy And Altagas Announce New Long-Term Processing Arrangement
Tuesday, 3 Apr 2018 

April 3 (Reuters) - Birchcliff Energy Ltd ::BIRCHCLIFF ENERGY LTD. AND ALTAGAS LTD. ANNOUNCE NEW LONG-TERM PROCESSING ARRANGEMENT AT ALTAGAS’ DEEP CUT PROCESSING FACILITY IN GORDONDALE.IS UPDATING ITS GUIDANCE RANGE FOR ITS 2018 ANNUAL AVERAGE OPERATING EXPENSE TO $3.40/BOE TO $3.60/BOE.‍TERM OF PROCESSING ARRANGEMENT IS FOR AT LEAST 15 YEARS, SUBJECT TO EXTENSION IN ACCORDANCE WITH TERMS OF AGREEMENT​.NEW PROCESSING ARRANGEMENT WILL BE EFFECTIVE FROM JAN 1 AND WILL REPLACE CO AND ALTAGAS' EXISTING GORDONDALE PROCESSING ARRANGEMENT.BIRCHCLIFF, ALTAGAS AND CERTAIN AFFILIATES OF ALTAGAS HAVE ALSO ENTERED INTO A PRODUCT PURCHASE AND SALE AGREEMENT.PURSUANT TO THE PRODUCT PURCHASE AND SALE AGREEMENT, BIRCHCLIFF WILL SELL PROPANE TO ALTAGAS PARTIES.  Full Article

Altagas Reports Q4 Adjusted FFO Per Share C$1.03
Thursday, 1 Mar 2018 

March 1 (Reuters) - Altagas Ltd ::REPORTS STRONG 2017 FOURTH QUARTER AND YEAR END RESULTS.Q4 ADJUSTED FFO PER SHARE C$1.03.RECORDED AN INCOME TAX RECOVERY OF $34 MILLION FOR YEAR ENDED DECEMBER 31, 2017 COMPARED TO INCOME TAX EXPENSE OF $33 MILLION IN 2016.‍ AS A COMBINED ENTITY WITH WGL ACQUISITION, EXPECTS NORMALIZED EBITDA TO INCREASE BY ABOUT 25 TO 30 PERCENT IN 2018​.EXPECTS NET CAPITAL EXPENDITURES IN RANGE OF $500 MILLION TO $600 MILLION (EXCLUDING WGL) FOR 2018.‍ AS A COMBINED ENTITY WITH WGL ACQUISITION, EXPECTS NORMALIZED FFO TO INCREASE BY ABOUT 15 TO 20 PERCENT IN 2018​.NORMALIZED FUNDS FROM OPERATIONS FOR Q4 OF 2017 WERE $1.03 PER SHARE.ALTAGAS - ON STANDALONE BASIS, EXPECTS A INCREASE TO BOTH NORMALIZED EBITDA AND FFO IN 2018 COMPARED TO 2017 RELATED TO BASE BUSINESS.‍FOR 2018, HAS FRAC HEDGES IN PLACE FOR ABOUT 7,500 BBLS/D AT AVERAGE PRICE OF ABOUT $33/BBL EXCLUDING BASIS DIFFERENTIALS​.‍ 2018 COMMITTED CAPITAL PROGRAM IS EXPECTED TO BE FUNDED THROUGH INTERNALLY‑GENERATED CASH FLOW AND DRIP​.ALTAGAS - FOLLOWING CLOSE OF WGL DEAL, CONSOLIDATED 2018 CAPITAL PROGRAM ON COMBINED BASIS INCLUDING CAPITAL FOR WGL, EXPECTED TO BE $1 TO $1.3 BILLION.  Full Article

Altagas Commissions North Pine And Provides Update On WGL Transaction And 2018 Capital Program
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Altagas Ltd ::ALTAGAS COMMISSIONS NORTH PINE AND PROVIDES UPDATE ON WGL TRANSACTION AND 2018 CAPITAL PROGRAM.ALTAGAS LTD - ‍ALTAGAS' 2018 CAPITAL PROGRAM EXCLUDING WGL IS EXPECTED TO BE IN RANGE OF APPROXIMATELY $400 - $500 MILLION​.ALTAGAS LTD - ALTAGAS EXPECTS MAINTENANCE CAPITAL FOR GAS AND POWER WILL BE APPROXIMATELY $25 - $35 MILLION FOR 2018.ALTAGAS LTD - ‍GAS BUSINESS WILL ACCOUNT FOR APPROXIMATELY 60 TO 65 PERCENT OF TOTAL CAPITAL IN 2018 CAPITAL PROGRAM​.  Full Article

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