AltaGas

AltaGas

Owns and operates energy infrastructure assets

Overview

AltaGas is a North American energy infrastructure company that connects producers, consumers, and markets by owning and operating a mix of energy assets, including natural gas gathering and processing, transmission pipelines, storage, and utility operations. Its products and services move energy from upstream well sites to homes and businesses and to markets around the world. The company differentiates itself with a broad, integrated footprint—strong positions in the Montney basin and in U.S. utility jurisdictions—allowing it to provide reliable energy delivery through a diverse asset base and long-term contracts. AltaGas aims to deliver value to shareholders and customers by leveraging its assets and people to provide dependable, affordable energy solutions over many years.

About AltaGas

Simplify's Rating
Why AltaGas is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Industrial & Manufacturing

Energy

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Calgary, Canada

Founded

1994

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Simplify's Take

What believers are saying

  • Annual dividend rises 6% to $1.34 per share for 2026.
  • Reaffirmed 2026 guidance after strong Q4 and full-year 2025 results.
  • TD Securities raises price target to C$51 with buy rating.

What critics are saying

  • Tourmaline Oil floods supply, slashing processing margins 15-20% in 3-6 months.
  • Keweenaw Pipeline delays from Michigan regulations erode 2026 guidance in 12-18 months.
  • Recent $900M notes spike leverage above 4.5x, triggering downgrades in 12-24 months.

What makes AltaGas unique

  • AltaGas advances 30-mile Keweenaw Connector Pipeline with materials procured.
  • Derek Evans appointed Board Chair on March 6, 2026, ensuring leadership continuity.
  • New long-term labour agreement at RIPET stabilizes LPG exports.

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Funding

Total Funding

$1.8B

Above

Industry Average

Funded Over

3 Rounds

Post IPO Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Dental Insurance

Vision Insurance

401(k) Retirement Plan

401(k) Company Match

Paid Vacation

Remote Work Options

Stock Price

Company News

Cision
Sep 17th, 2024
ALTAGAS ANNOUNCES US$900 MILLION HYBRID SUBORDINATED NOTE OFFERING AND RESULTS OF SERIES G AND H PREFERRED SHARE CONVERSIONS

/CNW/ - AltaGas Ltd. ("AltaGas" or the "Company") (TSX: ALA) announced the Company has priced an offering (the "Offering") of US$900 million aggregate...

Cision
Mar 12th, 2024
ALTAGAS LTD. ANNOUNCES AGGREGATE $600 MILLION MEDIUM TERM NOTE OFFERINGS

/CNW/ - AltaGas Ltd. ("AltaGas") (TSX: ALA) today announced that it has agreed to issue $350 million of senior unsecured medium term notes (the "10 Year...

Seeking Alpha
Jan 4th, 2024
Altagas announces C$400M medium term note offering (TSX:ALA:CA)

Energy company AltaGas announces $400M senior unsecured note offering with a coupon rate of 4.672%, set to mature on January 8, 2029.

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