AltaGas

Rank#1804

Market Cap11.86B

CountryCanada

Summary

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.

History

AltaGas began operations in Calgary in 1994 in the natural gas business, with the goal of building a western Canadian midstream business. The company later began its utility segment in 1998 in Alberta, and entered the power business in 2001.

In 2017, AltaGas agreed to purchase WGL Holdings, significantly expanding its presence in the United States.

Mission

At AltaGas, we work to create value by connecting clean energy resources with markets in order to meet the world’s energy needs.

Vision

AltaGas is dedicated to building a healthier world for future generations. As one of North America's leading energy companies, we strive to be the complete clean energy partner for our customers and communities by delivering reliable energy infrastructure and services.

References

https://en.wikipedia.org/wiki/AltaGas

https://in.investing.com/equities/altagas-ltd

https://finance.yahoo.com/quote/ALA.TO/profile?p=ALA.TO

https://www.crunchbase.com/organization/altagas-ltd

https://companiesmarketcap.com/

https://www.altagas.ca

Leadership team

Mr. Randall L. Crawford (Pres, CEO & Non-Independent Director)

Mr. D. James Harbilas B.Com., C.A., CPA, CA (Exec. VP & CFO)

Ms. Corine Renne Knight Bushfield (Exec. VP & Chief Admin. Officer)

Products / Services