AltaGas Ltd - Company Profile
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AltaGas Ltd (AltaGas) is an energy utility company that carries out the extraction, transmission, distribution, and storage of natural gas through its subsidiaries. It also generates electricity using diverse fuel sources, including run-of-river hydro, wind, geothermal and gas-fired generation plants. The company owns and operates utility assets, such as pipelines and gas gathering stations that deliver natural gas to end-users in Canada and the US. AltaGas also operates NGL processing and extraction plants and field processing facilities to transport natural gas. The company also operates a fleet of rail cars, and truck terminals. It serves residential commercial and industrial customers. AltaGas is headquartered in Calgary, Alberta, Canada.
Headquarters
Canada
Address
1700, 355-4 Avenue Sw, Calgary, Alberta, T2P0J1
Website
www.altagas.ca
Telephone
1 403 6917575
No of Employees
3,045
Industry
Energy and Utilities
Ticker Symbol & Exchange
ALA (TSE)
Revenue (2023)
$10.8B
-7.7%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
28.7%
(2023 vs 2022)
Market Cap*
$6.2B
Net Profit Margin (2023)
XYZ
39.6%
(2023 vs 2022)
* As of and is in US$
AltaGas Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricty | Energy Management Services |
| Natural Gas | Energy Consulting |
| NAtural Gas Liquids |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Asset Purchase | In December, the company acquired the Pipestone natural gas plant, Pipestone expansion project, and Dimsdale natural gas storage facility from Tidewater Midstream and Infrastructure Ltd. |
| 2023 | Contracts/Agreements | In April, the company and Royal Vopak entered into an agreements for a new 50/50 joint venture to further evaluate development of the Ridley Island Energy Export Facility (REEF). |
| 2022 | Divestiture | In December 2022, the company announced to divest its Alaskan Utilities to TriSummit. |
Competitor Comparison
| Key Parameters | AltaGas Ltd | TC Energy Corporation | Pembina Pipeline Corp | Keyera Corp | Toronto Hydro Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | Canada | Canada | Canada | Canada |
| City | Calgary | Calgary | Calgary | Calgary | Toronto |
| State/Province | Alberta | Alberta | Alberta | Alberta | Ontario |
| No. of Employees | 3,045 | 7,415 | 2,837 | 1,098 | - |
| Entity Type | Public | Public | Public | Public | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Pentti Karkkainen | Chairman | Executive Board | 2019 | - |
| Vern Yu | Chief Executive Officer; Director; President | Executive Board | 2023 | - |
| D. James Harbilas | Chief Financial Officer; Executive Vice President | Senior Management | 2019 | - |
| Bradley B. Grant | Executive Vice President; Chief Legal Officer | Senior Management | 2018 | - |
| Corine R.K. Bushfield | Executive Vice President; Chief Administrative Officer | Senior Management | 2016 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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