Investing in AltaGas
AltaGas shares are traded under the symbol ALA on the Toronto Stock Exchange.
Founded in 1994, AltaGas is headquartered in Calgary, Alberta. Today, our business comprises assets that exceed $20 billion and span North America. Our long-term strategy is to drive operational excellence and achieve superior returns on invested capital in our Midstream business and maximize the returns across our Utilities.
On July 6, 2018 we acquired WGL Holdings Inc. (“WGL”), a diversified energy infrastructure company and sole owner of Washington Gas Light Company, a regulated natural gas utility headquartered in Washington D.C. serving approximately 1.2 million customers in Maryland, Virginia and Washington, D.C.
Our Core Businesses
We transact more than 1.5 Bcf/d of natural gas, including natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. We provide producers with an opportunity to move natural gas and NGLs to premium overseas markets through the Ridley Island Propane Export Terminal, and through our ownership interest in Petrogas and the Ferndale Terminal. We also have investments in natural gas pipelines, both in operation and under development, in Canada and the U.S.
We deliver clean and affordable natural gas to approximately 1.6 million customers’ homes and businesses’ through regulated natural gas distribution utilities across five jurisdictions in the United States, and two regulated natural gas storage utilities in the United States.
Although no longer core to our strategy, we continue to maintain a small portfolio of power assets including 695 MW of operational gross capacity from natural gas-fired power generation and energy storage assets located in facilities in Alberta, Canada, as well as nine states and the District of Columbia in the United States. The Power business also includes energy efficiency contracting and WGL’s retail power marketing business.
A Clear Vision and Strategy:
A leading North American energy infrastructure company
AltaGas leverages the strength of its assets and expertise along the energy value chain to connect customers with premier energy solutions – from the wellsites of upstream producers to the doorsteps of homes and businesses, to new markets around the world. This strategy is underpinned by the growing demand for clean, reliable and affordable energy and the mounting need for market optionality for North America’s energy industry.
Stability, Sustainability, Growth
With infrastructure assets in some of the fastest growing energy markets in North America, including a prominent position in the Montney, and utilities operations in five states, we are developing an integrated footprint capable of delivering sustained value to shareholders and customers alike. Our focus is on developing high-quality energy infrastructure underpinned by strong market fundamentals and long-term commercial agreements that provide stable cash flow. Our balanced portfolio, including high-growth assets in the Midstream segment, combined with predictable and regulated returns in our Utilities segment, provides a resilient and diversified platform for growth.
Financial strength and capital discipline are fundamental cornerstones of our long-term goal to create value for shareholders by minimizing our cost of capital and maximizing our return on capital invested. We own and operate high-quality, long-lived energy infrastructure and utility assets underpinned by strong fundamentals and long-term commercial contracts that provide stable cash flow and earnings to our shareholders. Approximately 75 percent of our normalized EBITDA is backed by medium to long-term contracts.
Our goal is to improve the lives of our customers by safely delivering clean, affordable and reliable natural gas solutions that meet their evolving energy needs - today and tomorrow. By balancing economic priorities with social and environmental values, we believe we can help meet the growing global demand for clean energy while delivering sustainable benefits to our shareholders.
We are continually assessing the macro and micro-economic trends impacting our business and seeking opportunities to generate value for shareholders. Growing North American natural gas supply and NGL demand fundamentals provide significant opportunity for sustainable capital investment. With strong assets in strategically located markets throughout North America, we also have significant growth opportunities ahead of us – particularly within our Utilities and Midstream segments. Our focus is on those projects that deliver organic growth, with strong risk-adjusted returns and near-term contributions to normalized EPS and normalized EBITDA.