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AltaGas Ltd

Company Summary

Description

AltaGas, a Canadian corporation, is a North American diversified energy infrastructure business with a focus on owning and operating assets to provide clean and affordable energy to its customers. AltaGas' business strategy is underpinned by strong growth in natural gas supply and the growing demand for clean energy.

Website

https://www.altagas.ca/

Operational Regions

  • North America
  • Canada

Financial Data:


Tickers:

  • ALA - Toronto Stock Exchange

Related Entities

Recent news

  • 3/15/2024 - AltaGas Successfully... (subscriber access)
  • 3/12/2024 - AltaGas Announces... (subscriber access)
  • 1/9/2024 - AltaGas Completes $400... (subscriber access)
  • 12/27/2023 - Tidewater Midstream... (subscriber access)
  • 11/13/2023 - AltaGas Completes... (subscriber access)

Investor Presentations

  • 2021 Strategic Plan & Financial Guidance
  • January 2018 TD Securities London Energy Conference (subscriber access)
  • 2017 Annual Meeting of Shareholders (subscriber access)
  • Corporate Presentation - March 2017 (subscriber access)

Company Transactions

Date: 4/26/2021
Type: Acquisition

SELLERS:
  • AltaGas Ltd
  • DETAILS:

    COST: 275 $MM

    VOLUMES: 31 Bcf

    NOTES:
    AltaGas has sold its U.S. transportation and storage business to a subsidiary of Six One Commodities and Vega Energy Partners for US$275 million. The assets included 31 Bcf in leased and managed storage capacity and a number of gas transport and storage contracts.
    REGIONS:
  • Lower 48
  • Date: 9/30/2019
    Type: Acquisition

    SELLERS:
  • AltaGas Ltd
  • DETAILS:

    COST: 720 $MM

    NOTES:
    AltaGas entered into a definitive agreement to sell its portfolio of U.S. distributed generation assets to TerraForm Power for $720 million.

    Date: 9/26/2018
    Type: Acquisition

    NOTES:
    Black Swan Energy has entered into an agreement with AltaGas, whereby AltaGas will acquire a 50% stake in both current and future natural gas processing plants of Black Swan.
    REGIONS:
  • Montney Formation
  • Date: 7/6/2018
    Type: Acquisition

    BUYERS:
  • AltaGas Ltd
  • SELLERS:
  • WGL Holdings Inc
  • DETAILS:

    COST: 6.41 $B

    NOTES:
    AltaGas is funding the acquisition through a committed $4.95 billion bridge financing facility, $400 million in privately placed subscription receipts and a bought subscription offering of $2.1 billion.
    REGIONS:
  • North America
  • Marcellus Shale
  • Northeast