Company
AltaGas Ltd.
Headquarters: Calgary, AB, Canada
Founded: April 1, 1994
Employees: 2,926
CEO: Mr. Randall L. Crawford
Market Cap
C$8.41 Billion
CAD as of Jan. 1, 2024
US$6.35 Billion
AltaGas Ltd. Categories
Canada Utilities Utilities—Regulated GasCanada Utilities Canada Utilities—Regulated Gas
Top Competitors by Market Capitalization
Industry: Utilities—Regulated Gas
| Company | Market Cap (USD) |
|---|---|
| Naturgy Energy Group, SA | $28.86 B |
| CenterPoint Energy, Inc. | $18.39 B |
| Atmos Energy Corporation | $17.80 B |
| Snam S.p.A. | $17.47 B |
| The Hong Kong and China Gas Company Ltd | $14.10 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| NextEra Energy | $127.19 B |
| China Yangtze Power Co. Ltd | $82.16 B |
| Iberdrola, SA | $81.95 B |
| The Southern Company | $78.21 B |
| Duke Energy Corporation | $76.13 B |
Detailed Description
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.7 million customers. This segment also provides interstate natural gas transportation and storage services. The Midstream segment engages in the natural gas gathering and extraction with 1.2 billion cubic feet per day (Bcf/d) of extraction processing capacity and approximately 1.2 Bcf/d of raw field gas processing capacity; natural gas gathering and extraction business; fractionation and liquids handling business; and natural gas and natural gas liquids marketing activities. It also engages in LPG exports and distribution, logistics, trucking and rail terminals, and liquid storage businesses. In addition, the company operates gas-fired power generation and distribution assets with a generating capacity of 578 MW of power in California and Colorado. It serves residential, commercial, and industrial customers primarily in the Western Canada Sedimentary Basin. AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada.
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Stocks & Indices
AltaGas Ltd. has the following listings and related stock indices.
Stock: TSX: ALA wb_incandescent
Product & Services
Electricity generation, natural gas
Key People
Pentti Karkkainen Chairman of the Board Randy Crawford Chief Executive Officer
Financials
Revenue: C$ 5.50 Billion (2019)
Net income: C$ 840 Million (2019)
Total assets: C$ 19.80 Billion (2019)
Total equity: C$ 7.37 Billion (2019)