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AltaGas Ltd (ALA.TO)

ALA.TO on Toronto Stock Exchange

25.80CAD
23 May 2018
Change (% chg)

$0.18 (+0.70%)
Prev Close
$25.62
Open
$25.79
Day's High
$25.82
Day's Low
$25.60
Volume
898,669
Avg. Vol
656,791
52-wk High
$31.00
52-wk Low
$22.82

Latest Key Developments (Source: Significant Developments)

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 Q1 adjusted FFO per share C$1.01
Wednesday, 26 Apr 2017 

April 26 (Reuters) - AltaGas Ltd ::AltaGas Ltd reports record 2017 first quarter results.Q1 adjusted FFO per share C$1.01.AltaGas Ltd says Altagas expects capital expenditures in range of $600 to $650 million for 2017.AltaGas Ltd - gas and power maintenance capital is expected to be approximately $25 to $35 million of total capital expenditures in 2017.Corporation has approximately $1.9 billion available under its credit facilities as at March 31, 2017.AltaGas Ltd -2017 committed capital program expected to be funded through internally-generated cash flow, premium dividend, among others.AltaGas Ltd - for 2017, normalized funds from operations are expected to grow by approximately a high single digit percentage.AltaGas Ltd - as part of financing strategy for WGL acquisition, larger asset sales may be undertaken in 2017, subject to market conditions.AltaGas Ltd - any asset sale related to WGL acquisition if undertaken, may adversely impact 2017 outlook for normalized EBITDA and normalized FFO.  Full Article

Altagas Q4 adjusted FFO per share C$1.04
Thursday, 23 Feb 2017 

Altagas Ltd : Altagas Ltd reports 2016 fourth quarter and year end results . Q4 adjusted FFO per share C$1.04 . Altagas Ltd says expects to deliver approximately high single digit percentage normalized EBITDA growth in 2017 compared to 2016 . Altagas Ltd - qtrly revenue $661 mln versus $580 million . Altagas Ltd- power and utilities segments are expected to generate approximately 75 percent of 2017 normalized EBITDA . Q4 revenue view C$620.5 million -- Thomson Reuters I/B/E/S . Q4 FFO per share view C$0.90 -- Thomson Reuters I/B/E/S . Sees normal seasonal weather in 2017 compared to unfavorable weather in 2016 . Ridley Island propane export terminal construction expected to begin in Q1 of 2017 . Altagas Ltd - expects capital expenditures in range of $550 to $650 million for 2017 .Altagas Ltd- normalized funds from operations are also expected to increase by approximately high single digit percentage growth for 2017.  Full Article

BRIEF-AltaGas And WGL Holdings Announce Execution Of Settlement Agreement With Key Stakeholders In Washington D.C.

* ALTAGAS LTD. AND WGL HOLDINGS, INC. ANNOUNCE EXECUTION OF SETTLEMENT AGREEMENT WITH KEY STAKEHOLDERS IN WASHINGTON, D.C.