AltaGas Ltd T.ALA

Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. Its segments include Utilities and Midstream. Utilities owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities, which includes two utilities that operate across four United States jurisdictions. The Utilities business also includes other storage facilities and contracts for interstate natural gas transportation and storage services, as well as WGL Energy Services, Inc., which sells natural gas and electricity. Midstream is a North American platform that connects customers and markets from wellhead to tidewater. The three pillars of the Midstream business include global exports, which includes its two operational Liquified Petroleum Gas (LPG) export terminals and one prospective development terminal; natural gas gathering, processing and extraction, and fractionation and liquids handling.

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AltaGas Ltd

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Comment by largeinveston Sep 21, 2018 1:37pm

153 Views

Post# 28665776

RE:RE:I'M BACK IN -- just loaded up at $21.39 avg. price -- wow,

"acker recommends it!" why would they cut it after WGL

AltaGas Ltd., following the closing of the transaction, will target high growth markets, enhance clean energy offerings, ensure safe, reliable and affordable customer service with rates no higher as a result of the transaction, and increase community involvement and charitable giving;
AltaGas Ltd. and WGL Holdings, Inc. share a strong corporate culture focused on safety, people, customer service, working with regulators, and contributing to the communities in which they operate;
Upon closing of the acquisition, AltaGas Ltd. will have approximately C$22 billion of high quality, low risk, long-lived assets, with over C$7 billion of highly attractive embedded organic growth in all three business segments and across multiple geographies;
Earnings per common share (EPS) accretion of approximately 7-9 percent with normalized funds from operation per share (FFOPS)(1) accretion of over 20 percent in the first full year of operations;
Material accretion to EPS (8-10 percent) and normalized FFOPS (15-20 percent) on average through 2021;
Higher growth on an absolute dollar and per share basis through 2021;
Target of 8-10 percent annual dividend growth through 2021, while reducing AltaGas Ltd.'s dividend payout ratios; and
Strong liquidity and investment grade credit ratings for AltaGas Ltd. and WGL Holdings, Inc.