CALGARY, Oct. 30, 2018 /CNW/ –

Highlights
(all financial figures are unaudited and in Canadian dollars unless otherwise noted)

Delivered $226 million in Normalized EBITDA1 and Advancing Midstream Business

Closed the $9 billion acquisition of WGL Holdings, Inc. (WGL), creating a North American leader in the clean energy economy

Strengthened Northeast B.C. Gas franchise by connecting Montney producers to Asian energy exports

Recorded third quarter 2018 normalized Funds from Operations1 of $117 million

Exceeded the company’s initial target of planned asset sales related to the repayment of the bridge facility, achieving approximately $2.4 billion2 in announced assets sales

… Continue Reading

AltaGas maintains a significant minority interest in AltaGas Canada Inc.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

CALGARY, Oct. 25, 2018 /CNW/ –

AltaGas Canada Inc. (“ACI”) has successfully completed the initial public offering (“IPO”) and sale of 16,500,000 common shares at $14.50 per common share (the “Offering Price”) for gross proceeds of approximately $239 million.

Total cash proceeds for AltaGas from the IPO are approximately $874 million1, which will be funded by ACI through the sale of 16,500,000 common shares and $635 million in debt.2

Total cash

… Continue Reading

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

CALGARY, Oct. 18, 2018 /CNW/ –

Final pricing for AltaGas Canada Inc.’s (“ACI”) initial public offering (“IPO”) at $14.50 per common share (the “Offering Price”) for between 16,500,000 and 18,975,000 common shares for aggregate gross proceeds from the sale of common shares of between $239 million and $275 million (if the over-allotment option is exercised in full).

Total cash proceeds for AltaGas from the

… Continue Reading

CALGARY, Oct. 11, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) will release its 2018 third quarter financial results on Tuesday, October 30, 2018 before market open. A conference call and webcast will be held the same day to discuss the financial results, progress on construction projects and other corporate developments.

Time:               

9:00 a.m. MT (11:00 a.m. ET) on October 30, 2018

Dial-in:              

1-647-427-7450 or toll free at 1-888-231-8191

Webcast:         

https://www.altagas.ca/invest/events-and-presentations

Shortly after the conclusion of the call, a replay will be available commencing at 12:00 p.m. MT (2:00 p.m. ET) on October 30, 2018 by dialing … Continue Reading

CALGARY, Oct. 10, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the October dividend will be paid on November 15, 2018, to common shareholders of record on October 25, 2018. The ex-dividend date is October 24, 2018. The amount of the dividend will be $0.1825 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

As previously announced, AltaGas has a Premium Dividend™, Dividend Reinvestment and Optional Cash Purchase Plan (the “Plan”) for eligible shareholders of AltaGas. Eligible shareholders who are enrolled in the Plan may have their … Continue Reading

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

CALGARY, Oct. 2, 2018 /CNW/ –

Upon successful completion of the initial public offering (“IPO”), AltaGas will exceed its target on its asset monetization plan with respect to the repayment of its bridge facility, with approximately $2.5 billion expected to be raised.  This surpasses its $2.0 billion goal.

AltaGas has been rapidly repaying its bridge facility, and expects to meet its commitment to have

… Continue Reading

AltaGas continues to execute Northeast B.C. Gas strategy in liquids rich Montney region, strengthening its positioning and value proposition within the region and connecting producers with additional options for energy exports

CALGARY, Sept. 26, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that it has entered into a definitive agreement with Black Swan Energy Ltd. (“Black Swan”) to acquire 50% ownership in certain existing and future natural gas processing plants of Black Swan (the “Aitken Creek Processing Facilities”). Upon the completion of the acquisition, AltaGas and Black Swan will enter into long term processing, transportation and marketing … Continue Reading

CALGARY, Sept. 14, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) filed an early warning report dated September 14, 2018 advising of a change in its holdings in Tidewater Midstream and Infrastructure Ltd. (the “Issuer”).

AltaGas Processing Partnership (“APP”), a wholly owned subsidiary of AltaGas, sold 43,703,571 common shares of the Issuer (the “Tidewater Shares”), and is decreasing its securityholding percentage from approximately 13.3% to 0.0% of the Tidewater Shares.  The sale of the securities was pursuant to a share purchase agreement with Birch Hill Equity Partners Management Inc., as general partner on behalf of Birch Hill Equity Partners … Continue Reading

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/

AltaGas Expects to Own a Significant Minority Interest Upon Close of the Initial Public Offering

CALGARY, Sept. 13, 2018 /CNW/ –

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities

AltaGas expects to hold approximately 37% to 45% of AltaGas Canada Inc. (“ACI”) at the close of the Initial Public Offering (“IPO”)

Equity proceeds from the IPO, combined with the debt repayment by ACI to AltaGas, are expected to result in significant repayment

… Continue Reading

CALGARY, Sept. 10, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:ALA) announced today that the September dividend will be paid on October 15, 2018, to common shareholders of record on September 25, 2018. The ex-dividend date is September 24, 2018. The amount of the dividend will be $0.1825 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

As previously announced, AltaGas has a Premium Dividend™, Dividend Reinvestment and Optional Cash Purchase Plan (the “Plan”) for eligible shareholders of AltaGas. Eligible shareholders who are enrolled in the Plan may have their common … Continue Reading

AltaGas continues to execute on its strategy to reshape the company with a focus on Gas and U.S. Utilities opportunities as well as rapidly repay its bridge facility

CALGARY, Sept. 10, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements for the sale of non-core midstream and power assets in Canada and power assets in the United States, for total proceeds of approximately $560 million.  The proceeds from the sale of these assets will be used to repay a significant portion of the bridge facility related to the acquisition … Continue Reading

Expansion of the Townsend Complex and capture area coupled with enhanced NGL recovery will provide producers with more options for energy exports

CALGARY, Aug. 27, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into definitive agreements with Kelt Exploration (LNG) Ltd. (“Kelt”) to provide an energy infrastructure solution for the liquids-rich Inga Montney development located in northeast British Columbia (the “Commercial Arrangements”). The Commercial Arrangements underpin the expansion of the Townsend Complex, including the addition of a 198 MMcf per day of C3+ deep cut gas processing capacity (the “Townsend Deep Cut Facility”). … Continue Reading