CALGARY, June 10, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the June dividend will be paid on July 15, 2019, to common shareholders of record on June 25, 2019. The ex-dividend date is June 24, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

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 share dividends … Continue Reading

Canada emerges as a global propane supplier with completion of the country’s first liquefied petroleum gas (LPG) marine export facility

CALGARY, May 28, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) today celebrates the grand opening of its Ridley Island Propane Export Terminal (RIPET), located in Prince Rupert, British Columbia – the first marine export facility for propane in Canada. The facility began introducing propane feedstock in mid-April, and the first shipment departed the terminal on May 23, 2019 bound for Asia.

“The completion of this game-changing project and the shipment of our first cargo are historic … Continue Reading

CALGARY, May 27, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today the appointment of D. James Harbilas as Executive Vice President and Chief Financial Officer, effective June 10, 2019. Mr. Harbilas will be responsible for AltaGas’ finance, treasury, corporate development and capital market functions.

“The operational and financial priorities for AltaGas remain on track. Key areas of focus for James will be the continued strengthening of our balance sheet, including the completion of our divestiture program,” said Mr. Randy Crawford, President and Chief Executive Officer of AltaGas. “James’ deep background in both energy and utilities, as … Continue Reading

CALGARY, May 2, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:ALA) is pleased to announce the final director election results from its 2019 Annual and Special Meeting of Shareholders held on May 2, 2019 (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

Catherine M. Best

89,425,511

88.02

12,173,132

11.98

Victoria A. Calvert

88,659,225

87.26

12,939,418

12.74

David W. Cornhill

95,876,654

94.37

5,721,989

5.63

Randall L. Crawford

98,146,741

96.60

3,451,902… Continue Reading

Midstream and Utilities provide strong results as near-term priorities to enhance asset performance, de-lever and fund organic growth are on track

CALGARY, May 2, 2019 /CNW/ – AltaGas Ltd. (AltaGas or the Company) (TSX: ALA) today reported first quarter 2019 financial results and provided an update on its business, including the expansion of its integrated western Canadian midstream service offering to include global energy export capabilities, through its Ridley Island Propane Export Terminal (RIPET). 

AltaGas also announced today that its subsidiary WGL Midstream, Inc. (WGL Midstream) has reached an agreement for the sale of WGL Midstream’s entire interest in … Continue Reading

CALGARY, April 10, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the April dividend will be paid on May 15, 2019, to common shareholders of record on April 25, 2019. The ex-dividend date is April 24, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

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 share dividends … Continue Reading

CALGARY, April 8, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:  ALA) will release its 2019 first quarter financial results on Thursday May 2, 2019 before markets open. A conference call and webcast will be held the same day to discuss the financial results and other corporate developments.

Time:

8:00 a.m. MT (10:00 a.m. ET)

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 first quarter call, a replay will be available commencing at 12:00 p.m. MT (2:00 p.m. ET) on May 2, 2019 by dialing 403-451-9481 or toll free 1-855-859-2056. The … Continue Reading

CALGARY, March 21, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX:ALA) announced today that after careful consideration, David Cornhill, Founder of AltaGas and Chairman, has elected to step down on April 1, 2019 from the Chairman position. The new Chair, Pentti Karkkainen has been appointed by the Board of Directors, effective April 2. Mr. Cornhill will remain on the Board, ensuring an orderly transition and continuity. 

“After being completely dedicated to the development and growth of AltaGas for the past 25 years, I have decided to make time to pursue other interests and opportunities,” stated David Cornhill, … Continue Reading

AltaGas continues to focus on Midstream and U.S. Utilities segments as near-term priorities to drive performance, fund organic growth and de-lever company

CALGARY, Feb. 28, 2019 /CNW/ –

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

Delivers $1.0 billion in 2018 Normalized EBITDA1 

Normalized EBITDA of $394 million for the fourth quarter of 2018 and $1.0 billion for the full-year, achieving a 27 percent year-over-year growth rate for the year.

Fourth quarter 2018 normalized FFO1 of $255 million and $657 million for full-year 2018.

Approximately $1.0 billion in growth capital projects anticipated to come

… Continue Reading

CALGARY, Feb. 11, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the February dividend will be paid on March 15, 2019, to common shareholders of record on February 25, 2019. The ex-dividend date is February 22, 2019. The amount of the dividend will be $0.08 for each common share. This dividend is an eligible dividend for Canadian income tax purposes.

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 share dividends … Continue Reading

CALGARY, Feb. 4, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) will release its 2018 fourth quarter and year-end financial results on Thursday, February 28, 2019 before market open. A conference call and webcast will be held the same day to discuss the financial results, update on the balanced funding plan, progress on construction projects and other corporate developments.

Time:

9:00 a.m. MT (11:00 a.m. ET) on February 28, 2019

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 2:00 p.m. MT (4:00 p.m. … Continue Reading

AltaGas continues to strengthen its balance sheet and focus on Midstream and U.S. Utilities segments

CALGARY, Jan. 31, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has successfully completed the sale of its remaining indirect equity interest of approximately 55 percent in its Northwest British Columbia Hydro Electric Facilities (the “Facilities”) for net proceeds of approximately $1.37 billion. The purchase price of $1.39 billion prior to adjustments is largely consistent with the valuation received for AltaGas’ June 2018 sale of 35 percent of its indirect equity interest in the Facilities.

“The sale of our … Continue Reading