CALGARY, Aug. 1, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that Catherine Best has made the decision to retire from her position as a director on the Board.

“On behalf of the Board, I’d like to thank Kay for her valuable insight, financial oversight, passion and dedication over the past eight years,” said Pentti Karkkainen, Chair of the Board of AltaGas. “Kay served as a member of the Board during a time of tremendous transformation and change at the organization, and her presence will be missed.” 

During her tenure, Ms. Best served on both the … Continue Reading

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

CALGARY, Aug. 1, 2019 /CNW/ – 

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

Normalized EBITDA1 was $203 million, a 22 percent increase over second quarter 2018 normalized EBITDA of $166 million. This increase was driven by contributions from WGL Holdings, Inc. (WGL) and the recently commissioned Ridley Island Propane Export Terminal (RIPET).

Net income applicable to common shares was $41 million ($0.15 per share) in the second quarter compared

… Continue Reading

Continued successful execution of asset sale program further strengthens financial position and sharpens focus on core businesses

CALGARY, July 22, 2019 /CNW/ – AltaGas Ltd. (AltaGas) (TSX: ALA) announced today that it has entered into a definitive agreement for the sale of its portfolio of U.S. distributed generation assets held by its subsidiaries WGL Energy Systems, Inc. and WGSW, Inc., to TerraForm Power, Inc., an affiliate of Brookfield Asset Management, for total gross proceeds of approximately $940 million (US$720 million), subject to customary closing conditions. The transaction is expected to close in the third quarter of 2019. … Continue Reading

CALGARY, July 11, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX:  ALA) will release its 2019 second quarter financial results on Thursday, August 1, 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 call, a replay will be available commencing at 12:00 p.m. MT (2:00 p.m. ET) on August 1, 2019 by dialing 403-451-9481 or toll free 1-855-859-2056. The passcode is … Continue Reading

CALGARY, July 10, 2019 /CNW/ – AltaGas Ltd. (“AltaGas”) (TSX: ALA) announced today that the July dividend will be paid on August 15, 2019, to common shareholders of record on July 25, 2019. The ex-dividend date is July 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, 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