Equities
UtilitiesGas, Water and Multi-utilities
  • Price (CAD)30.37
  • Today's Change-0.28 / -0.91%
  • Shares traded46.48k
  • 1 Year change+30.40%
  • Beta1.2497
Data delayed at least 15 minutes, as of May 23 2024 15:52 BST.
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About the company

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.

  • Revenue in CAD (TTM)12.60bn
  • Net income in CAD604.00m
  • Incorporated2020
  • Employees3.05k
  • Location
    AltaGas Ltd1700, 355-4 Avenue SwCALGARY T2P0J1CanadaCAN
  • Phone+1 (403) 691-7575
  • Websitehttps://www.altagas.ca/
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Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
ALA:TOR since
announced
Transaction
value
Tidewater Midstream & Infrastructure Ltd-Pipestone AssetsDeal completed31 Aug 202331 Aug 2023Deal completed15.39%483.34m
Data delayed at least 15 minutes, as of May 23 2024 15:52 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Paramount Resources Ltd1.71bn341.50m4.67bn455.0013.911.316.152.742.302.3011.5024.460.3986--9.873,755,385.007.976.558.597.0165.2562.2119.9919.76----0.008342.53-17.8114.78-30.91--6.93--
Enerplus Corp2.21bn526.81m5.59bn404.0011.103.275.322.532.462.4610.348.350.8099--6.665,463,206.0019.337.7525.2510.0766.5569.9923.8710.23--29.450.122622.58-29.3310.76-50.129.342.8119.96
PrairieSky Royalty Ltd507.80m218.30m6.20bn65.0028.342.2517.0812.210.91320.91322.1211.520.1508--7.767,812,308.006.485.306.955.44----42.9942.61--18.040.0687.64-20.2213.39-28.3123.44-0.24014.44
Whitecap Resources Inc3.23bn686.20m6.24bn542.009.201.143.971.931.131.135.329.090.3428--7.675,951,661.007.297.117.847.5874.2575.7321.2720.66--14.580.20741.08-17.5719.68-46.9668.6718.7814.40
Parkland Corp31.24bn389.00m6.81bn6.18k17.872.155.540.21792.172.17175.7618.062.2616.8918.895,053,390.002.812.723.623.5312.7913.221.251.210.85772.510.677674.37-8.4917.5851.9417.9911.083.08
Veren Inc3.52bn215.70m7.16bn777.0023.991.125.422.040.4805-0.09846.2210.300.3227--9.084,525,612.001.981.572.241.7473.5474.426.135.45--5.140.368970.58-9.18-0.7993-30.29--21.41-4.90
Strathcona Resources Ltd5.34bn656.92m7.50bn727.0014.991.384.761.402.332.3321.4825.340.9087--24.987,348,169.0011.179.7012.2810.8238.68--12.3015.720.46383.830.35920.00595.02390.63166.77--56.22--
MEG Energy Corp5.54bn586.00m8.04bn449.0014.321.786.711.452.052.0519.5016.560.809916.4811.0512,331,850.008.573.579.393.8936.3236.9110.585.980.987.410.2198---7.6015.65-36.92---6.29--
Keyera Corp6.78bn357.16m8.27bn1.10k23.103.0011.921.221.561.5629.6111.980.772124.019.59--4.064.014.544.4620.3921.765.266.150.81974.380.5971133.96-0.10059.5729.161.03-19.390.9134
Altagas Ltd12.60bn604.00m9.11bn3.05k14.871.158.500.72252.062.0643.9527.950.549314.667.26--2.832.733.253.2525.2327.445.156.180.80643.390.528456.61-7.7425.0160.65---1.72-11.71
Data as of May 23 2024. Currency figures normalised to AltaGas Ltd's reporting currency: Canadian Dollar CAD

Institutional shareholders

20.75%Per cent of shares held by top holders
HolderShares% Held
RBC Global Asset Management, Inc.as of 10 May 202416.92m6.01%
The Vanguard Group, Inc.as of 30 Apr 20249.60m3.41%
BMO Asset Management, Inc.as of 09 May 20245.83m2.07%
CI Investments, Inc.as of 30 Sep 20235.67m2.01%
Mawer Investment Management Ltd.as of 31 Dec 20234.92m1.74%
Norges Bank Investment Managementas of 31 Dec 20233.31m1.18%
CIBC Asset Management, Inc.as of 07 May 20243.22m1.14%
Dimensional Fund Advisors LPas of 09 May 20243.05m1.08%
TD Asset Management, Inc.as of 10 May 20242.98m1.06%
First Sentier Investors (Australia) IM Ltd.as of 30 Apr 20242.97m1.06%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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