Divestiture Will Provide Cash Proceeds to Fund Long-term Growth Opportunities and Continue to Strengthen Balance Sheet, While Concentrating AltaGas’ Utilities Platform in the High Growth Eastern U.S.

CALGARY, AB, May 26, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today announced an agreement to sell its Alaskan Utilities to TriSummit Utilities Inc. (“TriSummit”) for US$800 million (approximately CAD$1.025 billion). The sale price represents 2.3x 2021 rate base and 29x 2021 allowed earnings. The transaction is anticipated to close no later than the first quarter of 2023 and will be subject to customary closing conditions, including … Continue Reading

CALGARY, AB, April 29, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) is pleased to announce the final director election results from its 2022 Annual and Special Meeting of Shareholders held on April 29, 2022 (the “Meeting”). All nominees recommended by management for election were elected for a term ending at the next annual meeting. The detailed results of the vote are set out below:

Nominee

Votes For

% For

Votes Withheld

% Withheld

Victoria A. Calvert

150,810,080

96.89

4,840,710

3.11

David W. Cornhill

153,254,698

98.46

2,396,092

1.54

Randall L. Crawford

153,169,757

98.41

2,481,033

1.59

Jon-Al … Continue Reading

Operating Performance Reflects AltaGas’ Continued Focus on Optimizing the Platform, Execution of its Strategic Plan and Drive to Deliver Positive Outcomes for all Stakeholders

CALGARY, AB, April 28, 2022 AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today reported first quarter 2022 financial results and provided an update on the Company’s operations.

HIGHLIGHTS

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

CALGARY, AB, April 7, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) will release its 2022 first quarter financial results on Thursday, April 28, 2022 before markets open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments.

Time:                 9:00 a.m. MT (11:00 a.m. ET)
Dial-in:              1-416-764-8659 or toll free at 1-888-664-6392
Webcast:           https://www.altagas.ca/invest/events-and-presentations

Shortly after the conclusion of the call, a replay will be available commencing at 11:00 a.m. MT (1:00 p.m. ET) on April 28, 2022 by dialing 1-416-764-8677 or … Continue Reading

AltaGas Delivers Strong 2021 Financial Results and Remains Focused on Executing its Long-term Strategic Plan.

CALGARY, AB, March 4, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today reported fourth quarter and full year 2021 financial results and provided an update on the Company’s operations.

HIGHLIGHTS

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

CALGARY, AB, Feb. 16, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) announces its intention to redeem – in accordance with the terms of the Cumulative Redeemable 5-Year Minimum Rate Reset Preferred Shares, Series K (the “Series K Shares”) as set out in the Company’s articles – all of its 12,000,000 issued and outstanding Series K Shares on March 31, 2022 (the “Redemption Date”) for a redemption price equal to $25.00 per Series K Share, together with all accrued and unpaid dividends to, but excluding, the Redemption Date (the “Redemption Price”), less any tax required to … Continue Reading

CALGARY, AB, Feb. 3, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) will release its 2021 fourth quarter and year-end financial results on Friday, March 4, 2022 before markets open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments.

Time:                 9:00 a.m. MT (11:00 a.m. ET)
Dial-in:              1-416-764-8659 or toll free at 1-888-664-6392
Webcast:           https://www.altagas.ca/invest/events-and-presentations 

Shortly after the conclusion of the call, a replay will be available commencing at 11:00 a.m. MT (1:00 p.m. ET) on March 4, 2022 by dialing … Continue Reading

CALGARY, AB, Jan. 11, 2022 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today announced that it has closed its previously announced offering of $300 million of 5.25% Fixed-to-Fixed Rate Subordinated Notes, Series 1 due January 11, 2082 (the “Offering“).

The Company intends to use the net proceeds of the offering to redeem or repurchase its outstanding cumulative redeemable five-year rate reset preferred shares, series K (TSX: ALA.PR.K). As a result of the Offering, based on current rates, AltaGas expects to save approximately $66 million in the initial ten-year term of the Offering due to lower taxes … Continue Reading

AltaGas remains focused on executing its long-term strategic plan to deliver sustainable and compounding value for its stakeholders while setting goals to reduce its carbon footprint and positioning AltaGas for the years ahead.

CALGARY, AB, Dec. 15, 2021 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) announced its 2022 guidance and outlook; provided an update on its long-term strategic plan, and released its 2021 Environment, Social and Governance (ESG) report, including sustainability goals.

HIGHLIGHTS

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

CALGARY, AB, Dec. 3, 2021 /CNW/ – AltaGas Ltd. (“AltaGas” or the “Company”) (TSX: ALA) today announced that the Company’s Board of Directors have approved a six percent increase to its annual common share dividends ($1.06 per common share annually) for the 2022 calendar year. Concurrently, AltaGas is moving from a monthly to a quarterly payment schedule with dividends expected to be made in March, June, September and December of the 2022 calendar year and paid on a quarterly basis at the rate of $0.265 per common share. Subject to approval of the board of directors, the first … Continue Reading