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Last C$40.23 CAD
Change Today -0.34 / -0.84%
Volume 142.0K
ALA On Other Exchanges
Symbol
Exchange
Toronto
Frankfurt
As of 4:00 PM 05/25/15 All times are local (Market data is delayed by at least 15 minutes).

altagas ltd (ALA) Snapshot

Open
C$40.43
Previous Close
C$40.57
Day High
C$40.58
Day Low
C$40.06
52 Week High
08/19/14 - C$53.06
52 Week Low
12/12/14 - C$36.19
Market Cap
5.4B
Average Volume 10 Days
445.9K
EPS TTM
C$0.93
Shares Outstanding
134.6M
EX-Date
05/21/15
P/E TM
43.3x
Dividend
C$1.92
Dividend Yield
4.43%
Current Stock Chart for ALTAGAS LTD (ALA)

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altagas ltd (ALA) Details

AltaGas Ltd. Operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and fractionation, transmission, and storage; and natural gas marketing activities. This segment also buys and resells energy; and offers gas transportation, storage, and gas marketing services for producers. It serves natural gas producers, national hotel chains and retailers, hospitals, office buildings, and other institutions through 4 natural gas transmission systems with transportation capacity of approximately 559 million cubic feet per day; approximately 70 gathering and processing facilities; and a 6,100 KM of gathering lines upstream of processing facilities, as well as owns 3 NGL pipelines and leases 1 NGL pipeline with combined capacity of 189,300 stock tank barrels per day. The Power segment is involved in the sale of electricity and ancillary services in Alberta, British Columbia, California, Colorado, Michigan, and North Carolina. As of December 31, 2014, it had had 1,285 megawatt (MW) of installed power capacity, including 507 MW of gas-fired generation, 353 MW of power generation, 223 MW of run-of-river generation, 117 MW of wind power generation, 35 MW of biomass generation, 30 MW of cogeneration capacity, and 20 MW of gas-fired peaking capacity. The Utilities segment operates natural gas distribution utilities and a regulated natural gas storage utility. It owns and operates utility assets that deliver natural gas to end-users in Alberta, British Columbia, and Nova Scotia in Canada; and Michigan and Alaska in the United States. AltaGas Ltd. was founded in 1993 and is headquartered in Calgary, Canada.

1,700 Employees
Last Reported Date: 03/4/15
Founded in 1993

altagas ltd (ALA) Top Compensated Officers

Chairman and Chief Executive Officer
Total Annual Compensation: C$806.3K
President and Chief Operating Officer
Total Annual Compensation: C$492.9K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$339.0K
Executive Vice President
Total Annual Compensation: C$340.5K
Senior Vice President of Commercial & Busines...
Total Annual Compensation: C$330.0K
Compensation as of Fiscal Year 2014.

altagas ltd (ALA) Key Developments

AltaGas Ltd. Appoints Tim Watson as Executive Vice President

AltaGas Ltd. announced the appointment of Tim Watson as Executive Vice President of the company. In his role as Executive Vice President, Mr. Watson will be responsible for mergers, acquisitions and overall corporate development. Mr. Watson spent 25 years in investment banking, based in Calgary, Houston, San Francisco and Toronto. His experience includes extensive knowledge of global financial markets and significant mergers and acquisitions experience across the entire energy value chain.

AltaGas Ltd. Approves Monthly Dividend on Common Shares, Payable on June 15, 2015; Approves Dividend on Outstanding Series A, C, E and G Preferred Shares for the Quarter Ending June 30, 2015, Payable on June 30, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Financial Guidance for the Year 2015

The board of directors of AltaGas Ltd. approved a monthly dividend of $0.16 per common share. The dividend will be paid on June 15, 2015, to common shareholders of record on May 25, 2015. The ex-dividend date is May 21, 2015. The board of directors approved a dividend of $0.3125 per share for the period commencing April 1, 2015 and ending June 30, 2015, on the company' outstanding Series A Preferred Shares. The dividend will be paid on June 30, 2015 to shareholders of record on June 16, 2015. The ex-dividend date is June 12, 2015; The board of directors approved a dividend of $0.275 per share for the period commencing April 1, 2015 and ending June 30, 2015, on the company' outstanding Series C Preferred Shares. The dividend will be paid on June 30, 2015 to shareholders of record on June 16, 2015. The ex-dividend date is June 12, 2015; the board of directors also approved a dividend of $0.3125 per share for the period commencing April 1, 2015, and ending June 30, 2015, on the company' outstanding Series E Preferred Shares. The dividend will be paid on June 30, 2015 to shareholders of record on June 16, 2015. The ex-dividend date is June 12, 2015; and the board of directors also approved a dividend of $0.296875 per share for the period commencing April 1, 2015, and ending June 30, 2015, on the company' outstanding Series G Preferred Shares. The dividend will be paid on June 30, 2015 to shareholders of record on June 16, 2015. The ex-dividend date is June 12, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported first quarter normalized EBITDA of $178 million, compared to $179 million in the same period 2014. Normalized funds from operations were $140 million or $1.05 per share, compared to $132 million or $1.07 per share in the same period 2014. Normalized net income was $57 million or $0.43 per share, compared to $74 million or $0.60 per share in first quarter 2014. Earnings were impacted by higher depreciation and interest expense primarily as a result of bringing Forrest Kerr and Volcano Creek into service in the second half of 2014, as well as a higher effective tax rate in the quarter as a result of a higher proportion of US earnings subject to a higher tax rate. On a GAAP basis, net income applicable to common shares was $66 million or $0.49 per diluted share, compared to $40 million or $0.32 per diluted share for same period 2014. In first quarter 2015, net income applicable to common shares was normalized for after-tax amounts related to unrealized gains on risk management contracts and development costs incurred for the energy export projects. In first quarter 2014, net income applicable to common shares was normalized for after-tax amounts related to unrealized losses on risk management contracts and development costs incurred for the energy export projects as well as costs incurred for early redemption of MTN's, provision on assets and gains on asset dispositions. Revenue was $744 million compared to $824 million a year ago. Net revenue was $307 million compared to $297 million a year ago. Normalized operating income was $125 million compared to $137 million a year ago. Net additions to property, plant &equipment were $110 million compared to $154 million a year ago. For the quarter ended March 31, 2015, net invested capital was $131 million, and maintenance capital in first quarter 2015 was approximately $1 million. Revenue was $744.3 million, compared to $823.8 million for the same quarter ended March 31, 2014. Sales for the first quarter ended March 31, 2015 were $132.9 million, compared to $268.2 million for the same quarter ended March 31, 2014. Income before income taxes for the first quarter ended March 31, 2015 was $108.9 million, compared to $66.2 million for the same quarter ended March 31, 2014. The company still delivered on cash flow growth driven by diverse infrastructure assets. For the full year 2015, the company expects to record approximately $25 million of depreciation and amortization related to the Northwest projects. The company expects the annual effective tax rate to be approximately 20% for the full year. The company expects capital expenditures to remain in the range of $550 million to $650 million. The company expects significant growth in cash flow in 2015 and 2016.

AltaGas Ltd. Announces the Dividend for the Month of April

AltaGas Ltd. announced that the April dividend will be paid on May 15, 2015, to common shareholders of record on April 27, 2015. The ex-dividend date was April 23, 2015. The amount of the dividend will be $0.1475 for each common share.

 

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ALA

Industry Average

Valuation ALA Industry Range
Price/Earnings 45.2x
Price/Sales 2.4x
Price/Book 1.9x
Price/Cash Flow 16.6x
TEV/Sales 0.5x
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