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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

15.05CAD
13 Dec 2018
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Latest Key Developments (Source: Significant Developments)

AltaGas Announces Its 2019 Balanced Funding Plan, Including Financial Outlook & Capital Plan
Thursday, 13 Dec 2018 

Dec 13 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES ITS 2019 BALANCED FUNDING PLAN, INCLUDING FINANCIAL OUTLOOK AND CAPITAL PLAN.ALTAGAS LTD - APPROVAL HAS BEEN SECURED TO RESET MONTHLY DIVIDEND TO $0.08 PER COMMON SHARE OR $0.96 PER COMMON SHARE ANNUALLY.ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION IN RANGE OF $1.2 - $1.3 BILLION.ALTAGAS LTD - SEES CAPITAL ALLOCATION OF APPROXIMATELY $1.3 BILLION IN 2019 IN PRIMARILY MIDSTREAM AND U.S. UTILITIES PROJECTS.ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED FUNDS FROM OPERATIONS OF $850 - $950 MILLION.ALTAGAS LTD - INTENDS TO COMPLETE ADDITIONAL ASSET SALES OF APPROXIMATELY $1.5 - $2.0 BILLION IN 2019.ALTAGAS LTD - REACHED AN AGREEMENT FOR SALE OF ITS REMAINING INDIRECT EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES.ALTAGAS LTD - SALE OF EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES FOR APPROXIMATELY $1.39 BILLION.ALTAGAS LTD - ANTICIPATES DIVIDEND RESET WILL HAVE A SIGNIFICANT IMPACT ON ITS FINANCIAL FLEXIBILITY AND CREDIT PROFILE THROUGH 2023.ALTAGAS - CAPITAL INVESTMENT WILL BE FUNDED THROUGH ASSET SALES, CASH FROM OPERATIONS, DIVIDEND REINVESTMENT PLAN, SELECT FUTURE DEBT.ALTAGAS - SALE OF INTEREST IN NORTHWEST HYDRO FACILITIES ENTERED INTO WITH JV CO THAT IS CONTROLLED BY AXIUM INFRASTRUCTURE & MANULIFE FINANCIAL.  Full Article

Altagas Appoints Randall Crawford As Chief Executive Officer
Tuesday, 20 Nov 2018 

Nov 20 (Reuters) - AltaGas Ltd ::ALTAGAS APPOINTS RANDALL CRAWFORD AS CHIEF EXECUTIVE OFFICER.ALTAGAS LTD - CRAWFORD ASSUMES ROLE FROM DAVID CORNHILL AND PHILLIP KNOLL WHO WILL CONTINUE AS INTERIM CO-CEOS UNTIL EFFECTIVE DATE.ALTAGAS LTD - CRAWFORD WILL JOIN ALTAGAS SENIOR LEADERSHIP TEAM IN CALGARY, ALBERTA, AND WILL LEAD NEXT STAGES OF COMPANY'S ONGOING EVOLUTION.ALTAGAS LTD - RANDALL CRAWFORD AS CHIEF EXECUTIVE OFFICER AND MEMBER OF BOARD OF DIRECTORS, EFFECTIVE DECEMBER 10, 2018.  Full Article

AltaGas Announces Pricing For AltaGas Canada IPO At $14.50 Per Share
Friday, 19 Oct 2018 

Oct 18 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF THE FINAL PROSPECTUS AND PRICING FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC., WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.FINAL PRICING FOR ALTAGAS CANADA INC'S IPO AT $14.50 PER COMMON SHARE FOR BETWEEN 16.5 MILLION AND 18.98 MILLION COMMON SHARES.ALTAGAS - IPO IS BEING MADE THROUGH A SYNDICATE OF UNDERWRITERS JOINTLY LED BY RBC CAPITAL MARKETS, TD SECURITIES INC. AND J.P. MORGAN SECURITIES CANADA INC.  Full Article

AltaGas Acquires 50 Pct Interest In Certain Black Swan Assets
Wednesday, 26 Sep 2018 

Sept 26 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE ACQUISITION OF 50% INTEREST IN BLACK SWAN AITKEN CREEK GAS PROCESSING PLANTS AND PROCESSING, TRANSPORTATION AND MARKETING AGREEMENTS.ALTAGAS - CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES & NEW ALTAGAS INFRASTRUCTURE ANTICIPATED AT ABOUT $230 MILLION.ALTAGAS - TOTAL CAPITAL INVESTMENT BY CO FOR 50% OWNERSHIP IN AITKEN CREEK PROCESSING FACILITIES&NEW INFRASTRUCTURE IS ANTICIPATED AT ABOUT $230 MILLION.ALTAGAS LTD - INITIAL TERM OF COMMERCIAL ARRANGEMENTS IS 15 YEARS.ALTAGAS LTD - TOTAL PROPANE SUPPLY FOR RIPET EXPECTED TO ACHIEVE INITIAL 40,000 BBL/D TARGET.ALTAGAS LTD - INVESTMENT IN AITKEN CREEK PROCESSING FACILITIES INCLUDES $136 MILLION IN 2018 AND AN ESTIMATED $50 MILLION IN Q4/2019.ALTAGAS - INITIAL TERM OF ARRANGEMENTS TO GIVE BOTH PARTIES WITH OPTION TO EXTEND THROUGH ADDITIONAL NATURAL GAS PROCESSING INVESTMENTS.ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES WILL HAVE AN ESTIMATED 210 MMCF/D (GROSS) OPERATIONAL CAPACITY.ALTAGAS LTD - AITKEN CREEK PROCESSING FACILITIES HAS POTENTIAL FOR FUTURE EXPANSIONS TO INCREASE PROCESSING CAPACITY UP TO 360 MMCF/D (GROSS).ALTAGAS LTD - ALTAGAS WILL HAVE OPTION TO PARTICIPATE IN TWO ADDITIONAL PLANT PHASES.ALTAGAS LTD - NEW INFRASTRUCTURE WILL ALSO INCLUDE LIQUIDS HANDLING AT TOWNSEND THAT WILL REQUIRE A CAPITAL INVESTMENT OF $40 MILLION IN 2019.  Full Article

Wgl Energy Secures $75 Million Financing From M&T Bank
Monday, 13 Aug 2018 

Aug 13 (Reuters) - AltaGas Ltd ::WGL ENERGY SECURES $75 MILLION FINANCING FROM M&T BANK.WGL ENERGY SYSTEMS SAYS HAS SECURED A $75 MILLION FINANCING PACKAGE FROM M&T BANK TO PROVIDE FUNDING FOR FUTURE SOLAR ENERGY PROJECTS.  Full Article

Kelt Exploration Says Expects To Enter Into A Marketing Arrangement With Altagas
Thursday, 5 Jul 2018 

July 5 (Reuters) - Kelt Exploration Ltd ::KELT REPORTS INGA INFRASTRUCTURE AGREEMENT, PROVIDES AN OPERATIONS UPDATE AND EXPANDS ITS EXECUTIVE TEAM.KELT EXPLORATION LTD - KELT EXPECTS TO ENTER INTO A MARKETING ARRANGEMENT WITH ALTAGAS.KELT EXPLORATION LTD - EXPECTS Q2 2018 PRODUCTION TO BE IN 26,000 TO 26,500 BOE PER DAY RANGE.KELT EXPLORATION - ENTERED LOI WITH ALTAGAS FOR FIRM PROCESSING OF 75 MMCF/DAY OF RAW GAS UNDER 10 YEAR TAKE-OR-PAY ARRANGEMENT AT TOWNSEND DEEP CUT GAS PLANT.KELT EXPLORATION LTD - DURING Q2 , THREE OF MAJOR GAS PLANTS USED BY KELT TO PROCESS ITS GAS WENT DOWN FOR PLANT TURNAROUND OPERATIONS.KELT EXPLORATION LTD - KELT AVOIDED SELLING GAS INTO "DEPRESSED" WESTERN CANADA GAS MARKET.KELT EXPLORATION - LOI ENTERED INTO WITH ALTAGAS ALSO STIPULATES CONSTRUCTION OF A RAW GAS GATHERING PIPELINE FROM INGA TO TOWNSEND.KELT EXPLORATION-EXPECTS TO ENTER MARKETING ARRANGEMENT WITH ALTAGAS WHEREBY ALL OF CO'S PROPANE DELIVERED TO NORTH PINE TO GET FAR EAST INDEX PRICING.  Full Article

AltaGas And WGL Holdings, Inc. Announce Approval Of Merger By The Maryland Public Service Commission
Wednesday, 4 Apr 2018 

April 5 (Reuters) - AltaGas Ltd ::ALTAGAS AND WGL HOLDINGS, INC. ANNOUNCE APPROVAL OF MERGER BY THE MARYLAND PUBLIC SERVICE COMMISSION.ALTAGAS LTD - CLOSING OF PROPOSED MERGER OF ALTAGAS AND WGL CONTINUES TO BE ON TRACK FOR MID-2018 .  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

AltaGas reports Q3 adjusted FFO per share of C$0.83
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - AltaGas Ltd :AltaGas Ltd reports strong third quarter 2017 results and increases dividend by 4.3 percent.Q3 adjusted FFO per share C$0.83.AltaGas Ltd - ‍AltaGas continues to expect to deliver low double digit percentage normalized EBITDA growth in 2017 compared to 2016​.AltaGas Ltd - ‍normalized funds from operations are expected to grow by a high single digit percentage in 2017 ​.  Full Article

CANADA STOCKS-Consumer shares push TSX higher

Dec 13 Canada's main stock index rose on Thursday, led by gains in consumer staples shares amid signs of progress in trade relations between the United States and China.