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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 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

Comment by bossuon Feb 22, 2021 10:57am
213 Views
Post# 32626003

RE:RE:RE:What to think about the 2020 Financial Report

RE:RE:RE:What to think about the 2020 Financial Report Tank you both Johnwith 30 years and Capharnaum for your view.
The problem I have with ALA is the hedging of their main product that they procede...and their tolling agreement ! 

The best example is the EBITDA  at Ripet for the last 6 quarters to Sept 30

..................................Shippement     Ebitda

Numbers Q3 2019.....268 690............37 M
................Q4 2019.....274 913.............36 M

................Q1 2020.....257 793.............27 M   
................Q2 2020......304 248............30 M
...............Q3 2020........290 758...........23 M
................Q4.2020.......306 314           Difficult to put a number but I would ''guess''  about the same as Q2 2020  EBITDA at 30 M because of the same number of tons shipped.
If so, Ebitda to be less In the Q4 2020 than the Q4 2019 where 274 913 tons were shipped resulting in an Ebitda of 36 M or a reduction of 6 M
Hedging and ''tolling ''to the Japaneese market looks to me a bit problematic and with the natural gas price ''exploding''they are OK for some time but what about 9 months from now ?


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