AltaGas Ltd. (AQ3)

Overview

AltaGas Ltd. is a prominent energy infrastructure company operating primarily in North America. With its inception in 1994 and headquartered in Calgary, Canada, AltaGas has structured its operations around two core segments: Utilities and Midstream. These divisions enable the company to offer a wide range of energy solutions spanning natural gas distribution, storage, processing, and energy generation and distribution assets. Serving a diverse customer base, including residential, commercial, and industrial clients, AltaGas is committed to delivering efficient and reliable energy services across its extensive network.

Products and Services

• Natural Gas Distribution and Storage Utilities

  This service involves the ownership and operation of franchise, cost-of-service, rate-regulated natural gas distribution and storage utilities. Operating in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia, AltaGas serves approximately 1.6 million customers through this segment. It involves the regulated distribution of natural gas to residential, commercial, and industrial customers, ensuring reliable energy supply and storage solutions.

• Interstate Natural Gas Transportation and Storage Services

  AltaGas provides interstate natural gas transportation and storage services, facilitating the efficient movement and storage of natural gas across state lines. This service is crucial for ensuring the steady supply of natural gas to meet regional demand fluctuations and supports the utility services AltaGas offers.

• Natural Gas Gathering, Processing, and Extraction

  The Midstream segment of AltaGas focuses on the gathering, processing, and extraction of natural gas. 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, AltaGas plays a significant role in preparing natural gas for final consumption or further processing, including fractionation and liquids handling.

• Natural Gas and Natural Gas Liquids Marketing

  AltaGas engages in the marketing of natural gas and natural gas liquids (NGLs), ensuring that these vital energy resources reach a wide array of markets. This activity supports the energy economy by providing access to essential fuel sources for various industrial, commercial, and residential applications.

• LPG Exports and Distribution, Logistics, Trucking and Rail Terminals, and Liquid Storage Businesses

  The company's operations extend to LPG (Liquefied Petroleum Gas) exports and distribution, showcasing its comprehensive approach to energy solutions. This includes managing logistics, operating trucking and rail terminals for efficient transportation, and providing liquid storage solutions to meet the diverse needs of its clients.

• Gas-fired Power Generation and Distribution

  AltaGas operates gas-fired power generation and distribution assets with a generating capacity of 508 megawatt of power in California. Through these assets, AltaGas contributes to the electrical grid's reliability and diversity, offering an alternative and flexible power generation source to support peak demand periods and contribute to energy security.