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 energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

TSX:ALA - Post by User

AltaGas Ltd

Bullboard Posts

Comment by CorruptedLushDron Dec 13, 2018 8:57am

132 Views

Post# 29108377

RE:AltaGas targets 2019 EBITDA of $1.2-$1.3-billion

If they had to cut the dividend 56% they could have done this months ago. That said, reviewing the press release this does actually return ALA to the conservative operators they once were. And if you are approaching the company for the first time this all sounds encouraging. Unfortunately, for those of us who have been here for a while, this isn’t much consolation at the moment. At least not for me. Hope the call is encouraging.