ALA 📈 AltaGas - Overview

AltaGas Ltd is a key player in North America's energy infrastructure landscape, with a diversified portfolio of assets and operations that cater to a wide range of customers. The company's business is broadly segmented into two main categories: Utilities and Midstream. The Utilities segment is focused on the ownership and operation of natural gas distribution and storage utilities, primarily serving the eastern United States. This includes franchised, cost-of-service, rate-regulated utilities in states such as Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia, with a total customer base of approximately 1.6 million. Additionally, this segment provides essential services like interstate natural gas transportation and storage, which are critical for ensuring a reliable supply of energy to customers.

The Midstream segment, on the other hand, is involved in a range of activities related to natural gas gathering, processing, and extraction. With a significant extraction processing capacity of 1.2 billion cubic feet per day (Bcf/d) and raw field gas processing capacity of approximately 1.2 Bcf/d, AltaGas Ltd is well-positioned to capitalize on the growing demand for natural gas. This segment also encompasses fractionation and liquids handling, natural gas and natural gas liquids marketing, as well as LPG exports and distribution. Furthermore, the company operates logistics, trucking, and rail terminals, and liquid storage businesses, which provide a comprehensive suite of services to its customers. The Midstream segment's operations are designed to optimize the value of the natural gas and liquids that it processes and transports.

Another important aspect of AltaGas Ltd's business is its ownership and operation of gas-fired power generation and distribution assets. With a generating capacity of 508 megawatt of power in California, the company is able to provide a reliable source of electricity to its customers. This is particularly significant in a region like California, where the demand for power is high and the need for flexible, gas-fired generation is critical for balancing the grid. Overall, AltaGas Ltd serves a diverse range of residential, commercial, and industrial customers, providing them with a variety of energy solutions that meet their unique needs. Founded in 1994 and headquartered in Calgary, Canada, the company has established itself as a major player in the North American energy infrastructure sector.

From a financial and regulatory perspective, AltaGas Ltd is listed on the Toronto Stock Exchange and its common stock is traded under the ticker symbol ALA. The company's ISIN is CA0213611001, and it is classified under the GICS Sub Industry category of Oil & Gas Storage & Transportation. With a strong track record of operations and a commitment to delivering value to its customers and shareholders, AltaGas Ltd is well-positioned for long-term success in the energy infrastructure sector. The company's website, https://www.altagas.ca, provides more information on its business, operations, and financial performance.