CALGARY, Jan. 10, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the January dividend will be paid on February 15, 2019, to common shareholders of record on January 25, 2019. The ex-dividend date is January 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, Dec. 18, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:ALA) announced today that after having taken into account all conversion notices received from holders of its outstanding Cumulative Redeemable Five-Year Rate Reset Preferred Shares, Series E (the “Series E Shares”) by the December 17, 2018 deadline, less than the 1,000,000 Series E Shares required to give effect to conversions into Cumulative Redeemable Floating Rate Preferred Shares, Series F of AltaGas (the “Series F Shares”) were tendered. As a result, none of AltaGas’ outstanding Series E Shares will be converted into Series F Shares on December 31, 2018.

AltaGas … Continue Reading

Incoming President and CEO outlines near-term priorities to drive performance, fund growth and de-lever company

CALGARY, Dec. 13, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) today announced the details of its balanced funding plan and outlook for 2019. The plan outlines measures to regain financial strength and flexibility to fund future growth opportunities aligned with the Company’s focus on Midstream and U.S. Utilities.

The Company’s balanced funding plan has been designed to optimize per share cash flow and earnings growth by taking advantage of capital investment and growth opportunities in Midstream and U.S. Utilities, enhancing the value of … Continue Reading

CALGARY, Nov. 29, 2018 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today the timing of its financial and operational outlook conference call.  To align the previously discussed “update call” to review AltaGas’ 2019 outlook, capital plan and update on other strategic and operational items with the start date of the recently announced incoming Chief Executive Officer, Randy Crawford, AltaGas intends to host the conference call on Thursday, December 13, 2018. 

This call, which will be led by Randy Crawford and Tim Watson, Executive Vice President and Chief Financial Officer, will discuss AltaGas’ 2019 financial outlook … Continue Reading

AltaGas solidifies senior leadership team and readies to execute on opportunities in Gas and U.S. Utilities

CALGARY, Nov. 20, 2018 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) today announced the appointment of Randall (Randy) Crawford as Chief Executive Officer and member of the Board of Directors, effective December 10, 2018. Mr. Crawford assumes this role from David Cornhill and Phillip Knoll who will continue as interim co-CEOs until the effective date. Mr. Crawford will join the AltaGas senior leadership team in Calgary, Alberta, and will lead the next stages of the company’s ongoing evolution.

Mr. Crawford is … Continue Reading

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.

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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

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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