-0.68%
0.30%
-0.50%
1.76%
20.69%
25.85%
58.51%
AI Spotlight on ALA
Company Description
AltaGas Ltd.operates as an energy infrastructure company in North America.The company operates through Utilities and Midstream segments.
The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers.This segment also provides interstate natural gas transportation and storage services.The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities.
It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses.In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 578 MW of power in California and Colorado.It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin.
AltaGas Ltd.was founded in 1994 and is headquartered in Calgary, Canada.
Market Data
| Last Price | 33.54 |
| Change Percentage | -0.68% |
| Open | 33.79 |
| Previous Close | 33.77 |
| Market Cap ( Millions) | 9992 |
| Volume | 1018058 |
| Year High | 35.77 |
| Year Low | 26.91 |
| M A 50 | 33.84 |
| M A 200 | 32.72 |
Financial Ratios
| FCF Yield | -0.70% |
| Dividend Yield | 3.55% |
| ROE | 6.36% |
| Debt / Equity | 135.26% |
| Net Debt / EBIDTA | 661.22% |
| Price To Book | 1.24 |
| Price Earnings Ratio | 19.46 |
| Price To FCF | -142.75 |
| Price To sales | 0.79 |
| EV / EBITDA | 13.17 |
News
- Jan -07 - AltaGas (TSE:ALA) Is Paying Out A Larger Dividend Than Last Year
- Jan -07 - ALTAGAS APPOINTS DEREK EVANS TO ITS BOARD OF DIRECTORS
- Dec -23 - AltaGas Provides Year-end Update on Global Exports Tolling and Commercial Contracting
- Dec -03 - Update: AltaGas Sees 2025 Earnings Per Share at $2.10-$2.30, Raises Dividend 6%
- Dec -03 - AltaGas Sees 2025 Earnings Per Share at $2.10-$2.30, Raises Dividend 6%
- Dec -03 - ALTAGAS ANNOUNCES 2025 GUIDANCE, SIX PERCENT DIVIDEND INCREASE, AND CONTINUED PROGRESS ON STRATEGIC PRIORITIES
- Nov -19 - ALTAGAS ANNOUNCES EXPIRATION OF CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIES
- Nov -18 - ALTAGAS ANNOUNCES PRICING OF CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIES
- Nov -08 - ALTAGAS ANNOUNCES CASH TENDER OFFERS FOR CERTAIN DEBT SECURITIES
- Nov -07 - AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit
- Nov -02 - AltaGas Third Quarter 2024 Earnings: Misses Expectations
- Nov -01 - AltaGas Ltd (ATGFF) Q3 2024 Earnings Call Highlights: Record Growth and Strategic Investments
- Oct -31 - ALTAGAS REPORTS STRONG THIRD QUARTER 2024 RESULTS
- Oct -30 - Why AltaGas Ltd. (TSE:ALA) Could Be Worth Watching
- Oct -04 - ALTAGAS TO ISSUE THIRD QUARTER 2024 RESULTS
- Sep -30 - ALTAGAS ANNOUNCES CONVERSION OF SERIES H SHARES
- Sep -23 - ALTAGAS ANNOUNCES CLOSING OF US$900 MILLION HYBRID NOTE OFFERING
- Sep -17 - AltaGas Prices $900MM Junior Notes Offer After Tidewater Deal
- Sep -17 - ALTAGAS ANNOUNCES US$900 MILLION HYBRID SUBORDINATED NOTE OFFERING AND RESULTS OF SERIES G AND H PREFERRED SHARE CONVERSIONS
- Sep -04 - AltaGas Provided Final Pricing and Dividend Reset Rates On Series G and Series H Preferred Shares
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Midstream
Expected Growth : 5 %
What the company do ?
AltaGas Ltd.'s Midstream segment focuses on the gathering, processing, and transportation of natural gas and natural gas liquids in Western Canada.
Why we expect these perspectives ?
AltaGas Ltd.'s Midstream segment growth is driven by increasing demand for natural gas processing and transportation services, expansion of existing facilities, and strategic acquisitions. Additionally, the company's focus on fee-based contracts and diversified customer base provide a stable source of revenue, supporting a 5% growth rate.
Segment n°2 -> Utilities
Expected Growth : 4 %
What the company do ?
AltaGas Ltd.'s Utilities segment provides rate-regulated natural gas distribution services to residential, commercial, and industrial customers in Canada and the United States.
Why we expect these perspectives ?
AltaGas Ltd.'s Utilities segment growth is driven by increasing demand for clean energy, strategic acquisitions, and investments in infrastructure upgrades. Additionally, favorable regulatory environments and long-term contracts with customers contribute to the segment's growth. Furthermore, the company's focus on renewable energy sources, such as wind and solar power, supports its growth trajectory.
Segment n°3 -> Corporate/Other
Expected Growth : 3 %
What the company do ?
Corporate/Other from AltaGas Ltd. refers to the company's non-operating and unallocated costs, including corporate overhead, interest expenses, and other miscellaneous items.
Why we expect these perspectives ?
AltaGas Ltd.'s Corporate/Other segment growth of 3% is driven by increased investments in renewable energy projects, expansion of energy storage capabilities, and strategic acquisitions. Additionally, the company's focus on cost optimization and operational efficiencies has contributed to improved profitability.
Altagas Ltd. Products
| Product Range | What is it ? |
|---|---|
| Natural Gas | AltaGas Ltd. is a leading provider of natural gas, offering a reliable and efficient energy source for residential, commercial, and industrial customers. |
| Electricity | AltaGas Ltd. generates and distributes electricity to meet the growing demand for clean and reliable power. |
| Renewable Energy | AltaGas Ltd. develops and operates renewable energy projects, including wind, solar, and hydroelectric power facilities. |
| Energy Storage | AltaGas Ltd. offers energy storage solutions to help customers manage energy usage and reduce peak demand. |
| LNG and Propane | AltaGas Ltd. supplies liquefied natural gas (LNG) and propane for transportation, industrial, and residential uses. |
| Energy Services | AltaGas Ltd. provides energy management services, including energy efficiency solutions and demand response programs. |
AltaGas Ltd.'s Porter Forces
Threat Of Substitutes
AltaGas Ltd. operates in the energy sector, where substitutes are limited. However, the increasing adoption of renewable energy sources and energy-efficient technologies poses a moderate threat to the company's operations.
Bargaining Power Of Customers
AltaGas Ltd. serves a diverse customer base, including residential, commercial, and industrial customers. The bargaining power of customers is low due to the lack of concentration in the customer base.
Bargaining Power Of Suppliers
AltaGas Ltd. relies on a diverse range of suppliers for its operations, including pipeline operators, transportation providers, and equipment suppliers. The bargaining power of suppliers is moderate due to the availability of alternative suppliers.
Threat Of New Entrants
The energy sector is characterized by high barriers to entry, including significant capital requirements, regulatory hurdles, and complexity of operations. The threat of new entrants is low for AltaGas Ltd.
Intensity Of Rivalry
The energy sector is highly competitive, with numerous players competing for market share. AltaGas Ltd. faces intense rivalry from established players, which can lead to pricing pressures and reduced market share.
Strength
Weaknesses
Opportunities
Threats
Capital Structure
| Value | |
|---|---|
| Debt Weight | 55.19% |
| Debt Cost | 5.42% |
| Equity Weight | 44.81% |
| Equity Cost | 10.02% |
| WACC | 7.48% |
| Leverage | 123.18% |
AltaGas Ltd. : Quality Control
AltaGas Ltd. passed 3 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| SWX | Southwest Gas Holdings, Inc., through its subsidiaries, distributes and transports natural gas in Arizona, Nevada, and California. The company operates through Natural Gas Distribution, Utility Infrastructure Services, and Pipeline and … |
| NI | NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. It operates through two segments, Gas Distribution Operations and Electric … |
| OGS | ONE Gas, Inc., together with its subsidiaries, operates as a regulated natural gas distribution utility company in the United States. The company operates through three divisions: Oklahoma Natural Gas, Kansas … |
| NJR | New Jersey Resources Corporation, an energy services holding company, provides regulated gas distribution, and retail and wholesale energy services. The company operates through four segments: Natural Gas Distribution, Clean Energy … |
| ATO | Atmos Energy Corporation, together with its subsidiaries, engages in the regulated natural gas distribution, and pipeline and storage businesses in the United States. It operates through two segments, Distribution, and … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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NiSource
A-Score
1-Year Total Return ->
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AltaGas
A-Score
1-Year Total Return ->
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ONE Gas
A-Score
1-Year Total Return ->
4
New Jersey Resources
A-Score
1-Year Total Return ->
5
Southwest Gas Holdings
A-Score
1-Year Total Return ->
6
