53.29
+0.41%
Close of 9 Nov 2026, in CAD
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About AltaGas
Its shares trade on Toronto Stock Exchange under the ticker ALA.TO. It has been listed since 17 January 2000. In the fiscal year to 31 December 2025, it reported revenue of C$12.55bn and net income of C$768.0m. At that date it held total assets of C$26.77bn and shareholders' equity of C$8.91bn.
AltaGas Ltd. engages in the generation and distribution of electricity. The company is headquartered in Calgary, Alberta. The company went IPO on 2000-01-17. The company operates through three segments: Midstream Power and Utilities. Its Midstream transacts more than 1.5 billion cubic feet per day (Bcf/d) of natural gas. Its Midstream business includes natural gas gathering and processing, natural gas liquids (NGL) extraction and fractionation, transmission, storage, natural gas and NGL marketing. Its Power segment is engaged in the generation and sale of capacity, electricity, and ancillary services and related products through power facilities in Alberta, California, Michigan, and North Carolina. Its Power segment includes 695 megawatt (MW) of operational gross power generation capacity from gas-fired, solar, biomass, and energy storage. The Utilities segment serves customers through ownership of regulated natural gas distribution utilities. The Utilities business also includes storage facilities and contracts to interstate natural gas transportation and storage services.
Figures and description from our data supplier, not checked against the company's own report.
Company facts
- Sector
- Utilities
- Industry
- Gas Utilities
- Listed since
- 17 Jan 2000
- Employees
- 2,801
- Website
- altagas.ca ↗
Leadership
Pay as last reported
- Mr. Pentti KarkkainenIndependent Chairman of the BoardC$466,930
- Mr. Vernon YuPresident, Chief Executive Officer, Director, since 2023C$12.3m
- Mr. D. James HarbilasChief Financial Officer, Executive Vice PresidentC$4.4m
- Ms. Corine BushfieldExecutive Vice President, Chief Administrative OfficerC$3.4m
- Mr. Bradley GrantExecutive Vice President, Chief Legal Officer, Corporate SecretaryC$2.1m
- Mr. Donald JenkinsExecutive Vice President and President Utilities, President of Washington Gas Light CompanyC$5.3m
- Mr. Randy TooneExecutive Vice President, President - Midstream, since 2019C$2.9m
- Ms. Victoria CalvertIndependent DirectorC$284,847
- Mr. David CornhillIndependent Director, since 2004C$276,949
- Mr. Jon-Al DuplantierIndependent DirectorC$280,000
- Mr. Derek EvansIndependent Director
- Mr. Robert HodginsIndependent DirectorC$311,930
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 77
- Environment
- 85
- Social
- 80
- Governance
- 66
- Direct emissions (scope 1)
- 1,976,982 t
- Energy emissions (scope 2)
- 85,107 t
- Women in the workforce
- 27%
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- AltaGas Ltd possesses several key strengths that contribute to its competitive advantage in the market:
- AltaGas' extensive portfolio of diversified energy infrastructure assets, including natural gas, power, and utilities, provides stability, revenue growth opportunities, and reduces the reliance on a single sector or commodity.
- The company enjoys a strong market position, benefiting from its well-established operations and long-term contracts with reliable customers. This allows AltaGas to capture a significant market share and maintain stable revenue streams.
- AltaGas has a strong commitment to sustainability and renewable energy sources, which positions the company favorably in an evolving energy landscape. Its focus on environmental and social responsibility attracts environmentally conscious investors and customers.
- The company has solid financial stability, bolstered by its consistent revenue generation, prudent financial management, and access to capital markets. This enables AltaGas to invest in new projects, expand its operations, and withstand potential market challenges.
Weaknesses
- Despite its strengths, AltaGas Ltd also faces certain weaknesses that it needs to address:
- AltaGas' business is exposed to fluctuations in commodity prices, particularly in the natural gas and power markets. Sharp price movements can impact the company's profitability and overall financial performance.
- The company's operations and assets are concentrated in specific regions, which can expose AltaGas to regulatory, political, and market risks specific to those areas. Diversifying geographically can mitigate this concentration risk.
- While long-term contracts provide stability, AltaGas' reliance on these contracts may limit its flexibility to adapt quickly to changing market conditions and pricing dynamics.
Opportunities
- AltaGas Ltd has several opportunities to consider for future growth:
- With the increasing importance of renewable energy sources, AltaGas has the opportunity to further expand its renewable energy portfolio. This can be achieved through investing in wind, solar, and hydro projects, capitalizing on government incentives, and meeting growing demand for clean energy.
- AltaGas can explore strategic acquisitions and partnerships to enhance its market position, access new technologies, or expand its operations geographically. Such endeavors can provide synergies, diversification, and increased economies of scale.
- The global shift towards net-zero emissions presents an opportunity for AltaGas to leverage its expertise and infrastructure to support the energy transition. By offering low-carbon solutions and investing in carbon capture and storage technologies, the company can tap into the growing demand for sustainable energy options.
Threats
- AltaGas Ltd faces certain external threats that may impact its business:
- Changes in regulations, political instability, and shifts in government policies related to energy can pose challenges for AltaGas. Adapting to new requirements and managing potential conflicts are crucial for the company's long-term success.
- AltaGas operates in a highly competitive landscape where rival companies may offer similar services or products. Competitors with lower costs, superior technology, or stronger market presence can negatively impact the company's market share and profitability.
- Economic downturns, fluctuations in interest rates, and other financial uncertainties can affect AltaGas' access to capital, customer demand, and overall profitability. Monitoring economic trends and maintaining financial resilience are essential to minimize potential adverse effects.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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