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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

19.06CAD
13 Sep 2019
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Latest Key Developments (Source: Significant Developments)

Altagas Reports Q2 Adjusted Loss Per Share C$0.02
Thursday, 1 Aug 2019 

Aug 1 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES SECOND QUARTER 2019 RESULTS.Q2 ADJUSTED FFO PER SHARE C$0.12.Q2 ADJUSTED LOSS PER SHARE C$0.02.Q2 EARNINGS PER SHARE C$0.15.Q2 EARNINGS PER SHARE ESTIMATE C$-0.07 -- REFINITIV IBES DATA.OUTLOOK FOR 2019 REMAINS ON TRACK, WITH EXPECTED NORMALIZED EBITDA IN RANGE OF $1.2 - $1.3 BILLION AND NORMALIZED FFO OF $850 - $950 MILLION.  Full Article

TerraForm Power To Acquire Large-Scale U.S. Distributed Generation Platform
Monday, 22 Jul 2019 

July 22 (Reuters) - TerraForm Power Inc ::TERRAFORM POWER TO ACQUIRE LARGE-SCALE U.S. DISTRIBUTED GENERATION PLATFORM.TERRAFORM POWER INC - DEAL FOR $720 MILLION..TERRAFORM POWER INC - TERRAFORM POWER PLANS TO INITIALLY FUND ACQUISITION WITH A $475 MILLION BRIDGE FACILITY.TERRAFORM POWER INC - TRANSACTION WILL BE PERMANENTLY FUNDED THROUGH PROJECT FINANCING WITH INVESTMENT GRADE METRICS AND CAPITAL RECYCLING.TERRAFORM POWER INC - TERRAFORM POWER EXPECTS ACQUISITION TO BE MODESTLY ACCRETIVE TO CAFD IN 2020 AND OVER NEXT FIVE YEARS.TERRAFORM POWER INC - TO SEEK TO FINANCE ITS EQUITY INVESTMENT BY SELLING MINORITY INTERESTS IN STABILIZED WIND ASSETS.TERRAFORM POWER - EXPECTS TO GENERATE RETURNS ON EQUITY ON INVESTMENT WITHIN TARGETED RANGE OF 9% TO 11%..TERRAFORM - TO BUY UNLEVERED DISTRIBUTED GENERATION PLATFORM FROM SUBSIDIARIES OF ALTAGAS LTD.  Full Article

Altagas Announces Appointment Of James Harbilas As CFO
Monday, 27 May 2019 

May 27 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES APPOINTMENT OF JAMES HARBILAS AS CHIEF FINANCIAL OFFICER.APPOINTMENT OF D. JAMES HARBILAS AS EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE JUNE 10, 2019.TIM WATSON, COMPANY'S CURRENT EXECUTIVE VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, WILL BE LEAVING COMPANY.  Full Article

DTE Energy's Unit To Buy 30 Pct Of Stonewall Gas Gathering For About $275.3 Mln
Thursday, 2 May 2019 

May 2 (Reuters) - DTE Energy Co ::DTE ENERGY CO SAYS ON MAY 2, CO'S UNIT, DTE MIDSTREAM ANNOUNCED EXECUTION OF BINDING LETTER AGREEMENT WITH WGL MIDSTREAM - SEC FILING.DTE ENERGY CO SAYS DTE MIDSTREAM TO ACQUIRE 30 PERCENT OF STONEWALL GAS GATHERING FOR APPROXIMATELY $275.3 MILLION.DTE ENERGY CO SAYS DTE MIDSTREAM CURRENTLY OPERATES AND HOLDS 55 PERCENT OWNERSHIP INTEREST IN STONEWALL GAS GATHERING.DTE ENERGY CO SAYS ACQUISITION OF WGL MIDSTREAM, INC.’S 30 PERCENT INTEREST WILL BRING DTE MIDSTREAM’S OWNERSHIP INTEREST IN ASSET TO 85 PERCENT.  Full Article

Altagas Qtrly Revenue C$1,898 Million
Thursday, 2 May 2019 

May 2 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES STRONG FIRST QUARTER 2019 RESULTS.Q1 ADJUSTED FFO PER SHARE C$1.09.QTRLY REVENUE C$1,898 MILLION VERSUS C$878 MILLION.ALTAGAS - UNIT REACHED AGREEMENT FOR SALE OF WGL MIDSTREAM'S INTEREST IN STONEWALL GAS GATHERING SYSTEM FOR TOTAL GROSS PROCEEDS OF ABOUT $275.3 MILLION.2019 INVESTMENT PLAN REMAINS UNCHANGED.REMAINS ON-TRACK TO MONETIZE $1.5 - $2.0 BILLION IN NON-CORE ASSETS THROUGH REMAINDER OF 2019.REMAINS ON-TRACK TO MONETIZE $1.5 BILLION - $2.0 BILLION IN NON-CORE ASSETS THROUGH REMAINDER OF 2019.REITERATES ITS OUTLOOK FOR 2019, WITH ANTICIPATED NORMALIZED EBITDA IN RANGE OF $1.2 - $1.3 BILLION AND NORMALIZED FFO OF $850 - $950 MILLION.FY2019 FFO PER SHARE VIEW C$2.78 -- REFINITIV IBES DATA.  Full Article

AltaGas Q3 Adjusted Loss Per Share C$0.07
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THIRD QUARTER RESULTS AND FRAMEWORK FOR BALANCED FUNDING PLAN TO BUILD LONG-TERM SHAREHOLDER VALUE.Q3 ADJUSTED LOSS PER SHARE C$0.07.Q3 LOSS PER SHARE C$2.78.Q3 EARNINGS PER SHARE VIEW C$0.05 -- THOMSON REUTERS I/B/E/S.SUSPENSION OF PREMIUM DIVIDEND REINVESTMENT PLAN, UNTIL FURTHER NOTICE.ALTAGAS - EXPECTS OVERALL DRIP PARTICIPATION RATE TO MATERIALLY DROP FROM CURRENT LEVELS OF APPROXIMATELY 66 PERCENT AS A RESULT OF PDRIP SUSPENSION.ALTAGAS WILL UNDERTAKE FURTHER ASSET SALES OF $1.5 TO $2.0 BILLION IN NEAR TERM.ASSET SALES ARE EXPECTED TO INCLUDE MONETIZATION OF AN ADDITIONAL INTEREST IN NORTHWEST HYDRO FACILITIES.AS A COMBINED ENTITY WITH WGL, ALTAGAS EXPECTS 2018 NORMALIZED EBITDA TO INCREASE BY APPROXIMATELY 25 TO 30 PERCENT.AS A COMBINED ENTITY WITH WGL, ALTAGAS EXPECTS 2018 NORMALIZED FUNDS FROM OPERATIONS TO INCREASE BY APPROXIMATELY 10 PERCENT.ALTAGAS - NOV. 2018 DIVIDEND PAYABLE ON DEC. 17 TO COMMON SHARE HOLDERS WILL BE LAST DIVIDEND PAYMENT ELIGIBLE FOR REINVESTMENT BY PDRIP PARTICIPANTS.  Full Article

Altagas Announces Filing Of Amended And Restated Prospectus For IPO Of Altagas Canada Inc
Tuesday, 2 Oct 2018 

Oct 2 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF AN AMENDED AND RESTATED PROSPECTUS FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC., WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.ALTAGAS LTD - HAS BEEN RAPIDLY REPAYING ITS BRIDGE FACILITY, AND EXPECTS TO MEET ITS COMMITMENT TO HAVE BRIDGE FACILITY RETIRED IN Q4 OF 2018..ALTAGAS LTD - FINAL STEP FOR BRIDGE REPAYMENT FOLLOWING COMPLETION OF IPO IS ABOUT $1.1 BILLION IN FINANCING.ALTAGAS LTD - TOTAL CASH PROCEEDS FOR ALTAGAS FROM IPO EXPECTED TO APPROACH $1 BILLION, WHICH WILL BE FUNDED BY ALTAGAS CANADA.ALTAGAS LTD - EXPECTS TO HOLD ABOUT 37% TO 45% OF ACI AT CLOSE OF IPO.ALTAGAS - AFTER COMPLETION OF IPO, EXPECT TO RAISE ABOUT $2.5 BILLION THROUGH ASSET MONETIZATION PLAN, EXCEEDING ORIGINAL TARGET OF $2.0 BILLION.ALTAGAS LTD - ACI PROPOSES TO SELL 16.5 MILLION SHARES; OFFERING PRICE EXPECTED TO BE BETWEEN $15.50 AND $18.00 PER COMMON SHARE.ALTAGAS LTD - FINAL DECISION OF IPO SIZE AND PRICE, AS WELL AS CLOSING OF IPO, IS EXPECTED TO OCCUR IN LATE OCTOBER 2018.ALTAGAS LTD - ALTAGAS EXPECTS TO HOLD APPROXIMATELY 37% TO 45% OF ACI AT CLOSE OF IPO.ALTAGAS LTD - IPO IS EXPECTED TO CLOSE IN LATE OCTOBER 2018.  Full Article

AltaGas Announces Filing Of Preliminary Prospectus For Altagas Canada Inc IPO
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE FILING OF A PRELIMINARY PROSPECTUS FOR THE INITIAL PUBLIC OFFERING OF ALTAGAS CANADA INC. WHICH INCLUDES ALTAGAS' CANADIAN UTILITIES AND CERTAIN RENEWABLE POWER ASSETS IN CANADA.ALTAGAS LTD - EXPECTS TO HOLD ABOUT 37% TO 45% OF ALTAGAS CANADA INC AT CLOSE OF IPO.ALTAGAS LTD - WILL HAVE THREE NOMINEES ON ALTAGAS CANADA INC'S SEVEN-MEMBER BOARD.ALTAGAS - EXPECTED PROCEEDS FROM IPO, SALE OF ASSETS & MONETIZATION OF 35% INTEREST IN NORTHWEST HYDRO FACILITIES, SEEN TO RAISE ABOUT C$2.5 BILLION.ALTAGAS LTD - AFTER TAKING INTO EFFECT THE ASSET SALES, CO WILL HAVE ABOUT $1.1 BILLION REMAINING ON BRIDGE FACILITY.ALTAGAS LTD - EXPECTS TO COMPLETE ALL FUNDING STEPS FOR TOTAL REPAYMENT OF OUTSTANDING BRIDGE FACILITY IN Q4.ALTAGAS LTD - FINAL PLANNED STEP IN BRIDGE FACILITY REPAYMENT IS EXPECTED TO BE TERM DEBT & HYBRID SECURITIES ISSUANCES.ALTAGAS LTD - ACI WILL HOLD CANADIAN RATE-REGULATED NATURAL GAS DISTRIBUTION UTILITY ASSETS AND CONTRACTED WIND POWER IN CANADA.ALTAGAS LTD - ACI WILL HOLD APPROXIMATE 10% INDIRECT EQUITY INTEREST IN NORTHWEST HYDRO FACILITIES IN BRITISH COLUMBIA.  Full Article

Altagas Announces The Sale Of Non-Core Midstream And Power Assets
Monday, 10 Sep 2018 

Sept 10 (Reuters) - AltaGas Ltd ::ALTAGAS ANNOUNCES THE SALE OF NON-CORE MIDSTREAM AND POWER ASSETS.DEAL FOR FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION.DEAL FOR TOTAL PROCEEDS OF APPROXIMATELY $560 MILLION.PROCEEDS FROM SALE OF ASSETS WILL BE USED TO REPAY SIGNIFICANT PORTION OF BRIDGE FACILITY RELATED TO ACQUISITION OF WGL HOLDINGS INC.EXPECT TO HAVE FURTHER ANNOUNCEMENTS IN NEAR FUTURE ON ASSET MONETIZATIONS.FUNDING STRATEGY FOR DEAL OF WGL HOLDINGS REMAINS FIRMLY ON TRACK TO REACH EXPECTED TOTAL TARGETED ASSET SALES OF AT LEAST $2 BILLION BY Q4 2018.  Full Article

Altagas Announces Expansion Of Board And The Appointment Of Three New Directors
Thursday, 26 Jul 2018 

July 26 (Reuters) - AltaGas Ltd ::ALTAGAS LTD. ANNOUNCES EXPANSION OF BOARD AND THE APPOINTMENT OF THREE NEW DIRECTORS.ALTAGAS LTD - EXPANSION OF ITS BOARD OF DIRECTORS FROM NINE TO 12 SEATS AND APPOINTMENT OF THREE NEW DIRECTORS.ALTAGAS LTD - THREE NEW BOARD MEMBERS APPOINTED ARE CYNTHIA JOHNSTON, PENTTI KARKKAINEN AND TERRY MCCALLISTER.ALTAGAS LTD - ONE VACANT BOARD SEAT WHICH WILL BE FILLED WHEN ALTAGAS APPOINTS A PERMANENT CHIEF EXECUTIVE OFFICER.  Full Article