Nice! Congrats to the Altagas longs - this compnay just keeps delivering!
A nice divvy increase to boot!
Fourth Quarter and 2013 Highlights
- 31 percent increase in normalized earnings per share in 2013, compared to 2012;
- A record $508.9 million in normalized EBITDA in 2013, a 51 percent increase compared to 2012;
- Normalized earnings per share increased by 11 percent and normalized EBITDA increased by 18 percent in fourth quarter 2013, compared to fourth quarter 2012;
- A record $402.7 million, a 43 percent increase, in normalized funds from operations in 2013; $117.1 million in fourth quarter 2013;
- Increased dividend by 6.25 percent; payout ratio of 43 percent of normalized funds from operations;
- The 195 MW Forrest Kerr hydro project is in commissioning and on track to be in service in mid-2014; 16 MW Volcano hydro project advanced to 2014 - two years ahead of schedule; and
- Strategic relationships in place to execute on LPG and LNG export initiatives.