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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 Sep 29, 2021 3:28pm
218 Views
Post# 33938207

RE:RE:Amended

RE:RE:AmendedTo add to the post :
«Global exports contributed $70-million in normalized EBITDA during the quarter and achieved record volumes of 90,106 bbl/d of LPGs shipped to Asia, across 15 VLGCs. This included Ferndale exceeding 50,000 bbl/d in June, which is a new record for the terminal. Record export volumes were underpinned by strong operations and efficiencies across the two terminals, robust demand for North American LPGs within Asia and continuing growth in throughput volumes in AltaGas's gas processing and fractionation facilities.»
Number of loads in the Q2 15 ships
For 17 ships in the Q3 or around $80 M to $  85 M dependind on their hedging strategy
and selling liquid propane in Japan where deman is strong.
On a per day volume we may say 102 000 bbl/d of LPG

Cheers.



bossu wrote: Thank you Imal4it
Fair enough.
On a macro view from both ports
Alta has shipped:

Q1 14 ships
Q2 15 ships
Q3 17 ships 

it shows the progress through the year and the operation is well under control and smooth and well over Altagas expectation.
Just averaging $ 5 M/ship =$ 85 M EBITDA for Liquid propane exportation in the Q3 

Finally the acquisition of Petrogas was another excellent decision by Randy and his team to improve the ALA bottom line.




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