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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.


TSX:ALA - Post by User

Bullboard Posts
Comment by Windyhillon Feb 29, 2020 7:21am
169 Views
Post# 30750498

RE:BMO analyst flash update

RE:BMO analyst flash update
CanSiamCyp wrote:
ALA-TSX Rating: Outperform
Price: Feb-27 $21.02
Target: $25.00
Total Rtn: 24%

First Glance: Q4/19 Well Above Expectations

Bottom Line: ALA reported Q4/19 adj. EBITDA of $425M (Q4/18 of $394M) above our
$403M and consensus of $402M (range of $397-412M) with the majority of the positive
variance coming from Midstream. 2019 full-year EBITDA of $1.27B came in at the highend
of management guidance of $1.2-1.3B. Adj. EPS of $0.67 ($0.44 in Q4/18) also
was ahead of our $0.53 estimate and consensus $0.56 on the EBITDA beat and lower
interest expense.


CanSiamCyp, 
Thank you for sharing anlyst target of $25.00.

ALA had great quarter and is on track for stable revenue growth of 10% or so over the next 3 to 5 years. Expecting an increase in Dividend on their next FInancial Q1 2020 report.

GLTA.
WindyHill
Bullboard Posts