AltaGas Ltd. (ALA.TO) Research

AltaGas Ltd., founded in Calgary, Canada, in 1994, operates as a prominent energy infrastructure enterprise across North America. The company's business is structured into two main divisions: Utilities and Midstream. Its Utilities segment oversees and manages regulated natural gas distribution and storage networks throughout Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia, providing service to approximately 1.7 million customers. This division also facilitates interstate natural gas transportation and storage. The Midstream segment focuses on natural gas gathering and extraction, featuring an extraction processing capability of 1.2 billion cubic feet per day (Bcf/d) and a raw field gas processing capacity of approximately 1.2 Bcf/d. Furthermore, it engages in fractionation, liquid handling, and the marketing of natural gas and natural gas liquids. This segment's operations also extend to LPG exports and distribution, logistics, trucking and rail terminal management, and liquid storage. Additionally, AltaGas controls gas-fired power generation and distribution facilities in California and Colorado, boasting a combined generating capacity of 578 MW. The company caters to residential, commercial, and industrial clients, primarily concentrated in the Western Canada Sedimentary Basin.

Market snapshot

Symbol
ALA.TO
Price
$53.87
Day change
+1.03%
Market cap
$16.8B
P/E ratio
32.92x
52-week range
37.8-56.74
Sector
Utilities
Industry
Regulated Gas
Next earnings
in 1 month

Peer companies

  • ATCO Ltd. (ACO-X.TO)
  • Brookfield Renewable Corporation (BEPC.TO)
  • Brookfield Renewable Partners L.P. (BEP-UN.TO)
  • Brookfield Infrastructure Corporation (BIPC.TO)
  • Brookfield Infrastructure Partners L.P. (BIP-PE.TO)
  • Capital Power Corporation (CPX.TO)
  • Canadian Utilities Limited (CU.TO)
  • Emera Incorporated (EMA.TO)

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