Last C$51.91 CAD
Change Today -0.09 / -0.17%
Volume 640.1K
As of 1:05 PM 08/21/14 All times are local (Market data is delayed by at least 15 minutes).

altagas ltd (ALA) Snapshot

Open
C$51.75
Previous Close
C$52.00
Day High
C$52.06
Day Low
C$51.74
52 Week High
08/19/14 - C$53.06
52 Week Low
09/3/13 - C$34.80
Market Cap
6.4B
Average Volume 10 Days
711.1K
EPS TTM
C$1.57
Shares Outstanding
123.6M
EX-Date
08/21/14
P/E TM
33.0x
Dividend
C$1.77
Dividend Yield
3.10%
Current Stock Chart for ALTAGAS LTD (ALA)

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altagas ltd (ALA) Details

AltaGas Ltd., a diversified energy infrastructure company, is engaged in gas, power, and regulated utilities businesses in Canada, and the northern and western United States. It operates through three segments: Gas, Power, and Utilities. The Gas segment is engaged 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 commercial, industrial, agricultural, and institutional end-users through 4 natural gas transmission systems with transportation capacity of approximately 539 million cubic feet per day; 4 NGL pipelines with combined capacity 189,300 stock tank barrels per day; 70 gathering and processing facilities in 32 operating areas; and a network of 6,600 kilometers of gathering and sales lines. 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, 2013, it had 1,096 megawatts (MW) of installed power capacity, including 507 MW of gas-fired generation, 353 MW of power generation, 117 MW of wind power generation, 42 MW of gas-fired peaking, 30 MW of cogeneration, 35 MW of biomass generation, and 12 MW of hydroelectric power generation capacity. The Utilities segment operates natural gas distribution utilities and a rate-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.

Founded in 1993

altagas ltd (ALA) Top Compensated Officers

Chairman, Chief Executive Officer and Member ...
Total Annual Compensation: C$750.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: C$315.4K
Chief Operating Officer
Total Annual Compensation: C$429.3K
Executive Vice President of Corporate Develop...
Total Annual Compensation: C$285.9K
Compensation as of Fiscal Year 2013.

altagas ltd (ALA) Key Developments

Altagas Ltd. and Painted Pony Petroleum Ltd. Sign Definitive Agreements to Enter into a 15-Year Strategic Alliance

AltaGas Ltd. and Painted Pony Petroleum Ltd. announced they have signed definitive agreements to enter into a 15-year strategic alliance for the development of processing infrastructure and marketing services for natural gas and natural gas liquids. The Strategic Alliance will provide for the development of essential liquids-rich gas processing infrastructure in northeast British Columbia and will provide preferred access to international energy markets for Painted Pony's Montney production. In the first phase of the Strategic Alliance, AltaGas will construct and operate a 198 Mmcf/d shallow-cut gas processing facility in the Montney resource play, of which Painted Pony will maintain the right to a minimum 150 Mmcf/d of firm capacity. The Strategic Alliance is expected to further expand AltaGas' fully integrated midstream business, while providing essential gas processing infrastructure for Painted Pony's world class Montney reserves and access to global natural gas and natural gas liquids end use markets. The Townsend Facility will be located approximately 100 kilometers north of Fort St. John and 20 kilometers southeast of AltaGas' Blair Creek facility, through which Painted Pony has already been processing a significant portion of its Montney production. The Townsend Facility is estimated to cost approximately $325 to $350 million, to be constructed and funded by AltaGas, and is expected to be in-service by the end of 2015. Commercial operation is subject to regulatory and other customary approvals. In addition to the construction of key gas processing infrastructure, AltaGas will become the primary marketer for Painted Pony's natural gas and natural gas liquids production from its northeast British Columbia land base and AltaGas will seek premium marketing transactions for Painted Pony's products through its extensive North American and global network. Painted Pony will become a significant supplier to AltaGas under the Strategic Alliance, which will provide preferred access to export opportunities for liquefied natural gas and natural gas liquids from existing and planned facilities. Upon completion of the first phase of the Strategic Alliance, further opportunities for the build-out of additional natural gas and natural gas liquids processing infrastructure in northeast British Columbia are expected, including a potential second phase expansion of the Townsend Facility which could include a deep-cut system for the enhanced recovery of additional natural gas liquids and fractionation facilities. This will provide added capability to process and transport Painted Pony's significant reserves and meet demand for increased processing infrastructure in the region. Ultimately, this will contribute to developing world class assets in northeast British Columbia with full capability of delivering natural gas and natural gas liquids from well-head to continental and international markets.

AltaGas Ltd. Completes $300 Million Medium Term Note Offering

AltaGas Ltd. announced that it has completed its $300 million issue of senior unsecured medium-term notes. The notes carry a coupon rate of 4.5% and mature on August 15, 2044. The net proceeds resulting from the offering will be used to reduce bank indebtedness and for general corporate purposes. The offering was made through a syndicate of investment dealers co-led by National Bank Financial Inc. and CIBC World Markets Inc. under AltaGas' Short Form Base Shelf Prospectus dated August 23, 2013 and Prospectus Supplement dated January 7, 2014.

AltaGas Announces Thirty-Year $300 Million Medium-Term Note Offering

AltaGas Ltd. announced that it has agreed to issue $300 million senior unsecured medium-term notes (the Offering). The notes carry a coupon rate of 4.50% and mature on August 15, 2044. The Offering is expected to close on or about August 15, 2014. The net proceeds resulting from the Offering will be used to reduce bank indebtedness and for general corporate purposes. The Offering is being made through a syndicate of investment dealers co-led by National Bank Financial Inc. and CIBC World Markets Inc.

 

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