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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

Altagas Ltd Files For Mixed Shelf Of Upto $2.0 Billion - SEC Filing
Thursday, 14 Jun 2018 

June 13 (Reuters) - AltaGas Ltd ::ALTAGAS LTD FILES FOR MIXED SHELF OF UPTO $2.0 BILLION - SEC FILING.  Full Article

Altagas Ltd Reports Q1 Adjusted FFO Per Share C$0.96
Thursday, 26 Apr 2018 

April 26 (Reuters) - Altagas Ltd ::ALTAGAS LTD REPORTS FIRST QUARTER 2018 RESULTS.Q1 ADJUSTED FFO PER SHARE C$0.96.EXPECTS NET CAPITAL EXPENDITURES IN RANGE OF $500 TO $600 MILLION (EXCLUDING WGL) FOR 2018.GAS AND POWER MAINTENANCE CAPITAL IS EXPECTED TO BE ABOUT $25 TO $35 MILLION OF TOTAL CAPITAL EXPENDITURES IN 2018.SEES 2018 NORMALIZED FUNDS FROM OPERATIONS TO INCREASE BY APPROXIMATELY 15 TO 20 PERCENT.ALTAGAS - CONSOLIDATED 2018 CAPITAL PROGRAM ON A COMBINED BASIS, INCLUDING CAPITAL FOR WGL, EXPECTED TO BE IN RANGE OF ABOUT $1.0 TO $1.3 BILLION.AS A COMBINED ENTITY WITH WGL POST CLOSING OF WGL DEAL, CO EXPECTS NORMALIZED EBITDA TO INCREASE BY APPROXIMATELY 25 TO 30 PERCENT.  Full Article

Birchcliff Energy And Altagas Announce New Long-Term Processing Arrangement
Wednesday, 4 Apr 2018 

April 3 (Reuters) - Birchcliff Energy Ltd ::BIRCHCLIFF ENERGY LTD. AND ALTAGAS LTD. ANNOUNCE NEW LONG-TERM PROCESSING ARRANGEMENT AT ALTAGAS’ DEEP CUT PROCESSING FACILITY IN GORDONDALE.IS UPDATING ITS GUIDANCE RANGE FOR ITS 2018 ANNUAL AVERAGE OPERATING EXPENSE TO $3.40/BOE TO $3.60/BOE.‍TERM OF PROCESSING ARRANGEMENT IS FOR AT LEAST 15 YEARS, SUBJECT TO EXTENSION IN ACCORDANCE WITH TERMS OF AGREEMENT​.NEW PROCESSING ARRANGEMENT WILL BE EFFECTIVE FROM JAN 1 AND WILL REPLACE CO AND ALTAGAS' EXISTING GORDONDALE PROCESSING ARRANGEMENT.BIRCHCLIFF, ALTAGAS AND CERTAIN AFFILIATES OF ALTAGAS HAVE ALSO ENTERED INTO A PRODUCT PURCHASE AND SALE AGREEMENT.PURSUANT TO THE PRODUCT PURCHASE AND SALE AGREEMENT, BIRCHCLIFF WILL SELL PROPANE TO ALTAGAS PARTIES.  Full Article

Altagas Reports Q4 Adjusted FFO Per Share C$1.03
Thursday, 1 Mar 2018 

March 1 (Reuters) - Altagas Ltd ::REPORTS STRONG 2017 FOURTH QUARTER AND YEAR END RESULTS.Q4 ADJUSTED FFO PER SHARE C$1.03.RECORDED AN INCOME TAX RECOVERY OF $34 MILLION FOR YEAR ENDED DECEMBER 31, 2017 COMPARED TO INCOME TAX EXPENSE OF $33 MILLION IN 2016.‍ AS A COMBINED ENTITY WITH WGL ACQUISITION, EXPECTS NORMALIZED EBITDA TO INCREASE BY ABOUT 25 TO 30 PERCENT IN 2018​.EXPECTS NET CAPITAL EXPENDITURES IN RANGE OF $500 MILLION TO $600 MILLION (EXCLUDING WGL) FOR 2018.‍ AS A COMBINED ENTITY WITH WGL ACQUISITION, EXPECTS NORMALIZED FFO TO INCREASE BY ABOUT 15 TO 20 PERCENT IN 2018​.NORMALIZED FUNDS FROM OPERATIONS FOR Q4 OF 2017 WERE $1.03 PER SHARE.ALTAGAS - ON STANDALONE BASIS, EXPECTS A INCREASE TO BOTH NORMALIZED EBITDA AND FFO IN 2018 COMPARED TO 2017 RELATED TO BASE BUSINESS.‍FOR 2018, HAS FRAC HEDGES IN PLACE FOR ABOUT 7,500 BBLS/D AT AVERAGE PRICE OF ABOUT $33/BBL EXCLUDING BASIS DIFFERENTIALS​.‍ 2018 COMMITTED CAPITAL PROGRAM IS EXPECTED TO BE FUNDED THROUGH INTERNALLY‑GENERATED CASH FLOW AND DRIP​.ALTAGAS - FOLLOWING CLOSE OF WGL DEAL, CONSOLIDATED 2018 CAPITAL PROGRAM ON COMBINED BASIS INCLUDING CAPITAL FOR WGL, EXPECTED TO BE $1 TO $1.3 BILLION.  Full Article

Altagas Commissions North Pine And Provides Update On WGL Transaction And 2018 Capital Program
Wednesday, 20 Dec 2017 

Dec 20 (Reuters) - Altagas Ltd ::ALTAGAS COMMISSIONS NORTH PINE AND PROVIDES UPDATE ON WGL TRANSACTION AND 2018 CAPITAL PROGRAM.ALTAGAS LTD - ‍ALTAGAS' 2018 CAPITAL PROGRAM EXCLUDING WGL IS EXPECTED TO BE IN RANGE OF APPROXIMATELY $400 - $500 MILLION​.ALTAGAS LTD - ALTAGAS EXPECTS MAINTENANCE CAPITAL FOR GAS AND POWER WILL BE APPROXIMATELY $25 - $35 MILLION FOR 2018.ALTAGAS LTD - ‍GAS BUSINESS WILL ACCOUNT FOR APPROXIMATELY 60 TO 65 PERCENT OF TOTAL CAPITAL IN 2018 CAPITAL PROGRAM​.  Full Article

AltaGas reports Q3 adjusted FFO per share of C$0.83
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - AltaGas Ltd :AltaGas Ltd reports strong third quarter 2017 results and increases dividend by 4.3 percent.Q3 adjusted FFO per share C$0.83.AltaGas Ltd - ‍AltaGas continues to expect to deliver low double digit percentage normalized EBITDA growth in 2017 compared to 2016​.AltaGas Ltd - ‍normalized funds from operations are expected to grow by a high single digit percentage in 2017 ​.  Full Article

AltaGas commissions Townsend 2A, provides update on propane export terminal
Monday, 2 Oct 2017 

Oct 2 (Reuters) - AltaGas Ltd :AltaGas commissions Townsend 2A and provides update on north pine and ridley island propane export terminal.AltaGas Ltd - ‍$125 million project was completed slightly ahead of schedule and approximately $5 million under budget​.AltaGas Ltd - construction is tracking on budget and ripet is expected to be in service by Q1 of 2019.AltaGas Ltd - ‍north pine ngl separation facility is tracking under budget and ahead of its previous schedule of Q1 of 2018​.AltaGas Ltd - ‍north pine NGL separation facility online date now expected in early December 2017​.  Full Article

AltaGas Q2 adjusted FFO per share C$0.72
Thursday, 27 Jul 2017 

July 27 (Reuters) - AltaGas Ltd ::Altagas Ltd. Reports strong second quarter 2017 results.Q2 adjusted FFO per share C$0.72.Q2 FFO per share view C$0.72 -- Thomson Reuters I/B/E/S.AltaGas Ltd qtrly normalized net income C$0.17 per share.AltaGas Ltd says AltaGas now expects to deliver low double digit percentage normalized EBITDA growth in 2017 compared to 2016.AltaGas Ltd - turnaround at gordondale facility is scheduled in Q3 of 2017 but is not expected to have a material impact on normalized EBITDA.AltaGas Ltd qtrly revenue C$539 million versus C$426 million.Q2 earnings per share view C$0.11, revenue view C$631.4 million -- Thomson Reuters I/B/E/S.  Full Article

Vopak and Altagas to jointly invest in Propane Export Terminal in Canada
Saturday, 6 May 2017 

May 5 (Reuters) - Altagas Ltd :Vopak and Altagas to jointly invest in Propane Export Terminal in Canada.Altagas Ltd - Co, Royal Vopak have entered into a joint venture and will invest together in development of Ridley Island Propane Export Terminal.Altagas Ltd - Project is to be designed to ship 1.2 million tonnes of propane per annum, with approximately 96,000 cubic meters of storage capacity.Altagas Ltd - Royal Vopak will take a 30 percent interest in Ridley Island Propane Export Terminal.Altagas Ltd - Facility is expected to be commissioned in Q1 2019.Vopak and Altagas "will explore potential to expand their relationship on Ridley Island".  Full Article

AltaGas says CEO resigns

July 25 Canadian utility AltaGas Ltd on Wednesday said David Harris has resigned as chief executive officer.