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 Sadie222on Apr 03, 2019 12:32pm

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Post# 29576646

RE:RE:RE:RE:RE:FY 2019 has estimates around 1.74 EPS or 478M net income

FWIW
WGL historically had +-73% of its revenue in the winter quarters, losing money in the summer. ALA’s revenue seasonality isn’t as drastic, and with new sources the seasonality should be reduced. We are in uncharted waters for 2019.

Blunoze wrote:
yeah but the 44 was a seasonality adjustment, not the best indicator since this business always has seasonal highs. By that logic Q2 and Q3 should also be around 40-44 cents per share on an adjusted basis. Again reinstating my 1.50-1.80 EPS estimate. Alas we have miscommunication and incompetency on the side of the analysts. Their basic net income was 64 cents per share for Q4 2018.

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