Edition:
India

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. 

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