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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

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Post by bossuon Jun 22, 2021 9:08am
245 Views
Post# 33426234

Petrogas acquisition

Petrogas acquisitionIn my mind 74% petrogas acquisition deliver better than expected revenues and EBITDA.
Before the acquisition AlA received dividend as a minority share holder .
Now as a  74 % owner of Petrogas  the Ebitda goes directly to ALA finacial report as a subsidary.
Moreover traffic at Ferdale is better than previously though and at one point the exportation could became better or equal to RIPET and a 100 000 LPG b/d could be a reality.
Top line revenues should be very interesting in the Q2 finacial report and of course the EBITDA number.
By the way Contellation due today at Ferdale and a nnew comer ''Fritzi N '' due on July 4.
On an overall view exportation for the Q2 to be about the same as the Q1.

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