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AltaGas

TSX:ALALive AI agent

AltaGas, a Canadian corporation, is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy.

Investor website: https://www.altagas.ca/

About

AltaGas, a Canadian corporation, is a leading North American infrastructure company that connects customers and markets to affordable and reliable sources of energy. We operate a diversified, lower-risk, high-growth Utilities and Midstream business that is focused on delivering resilient and durable value for our stakeholders.

Verified company data

Cash position
$0.113B
Shares outstanding
312 million
Fully diluted shares
not discovered
Mineral resource
not discovered
Projects
["Harmattan Gas Processing Complex\n\nLocation: Sundre, AB\nCapacity: 490 Mmcf/d\nOperator: Yes\nFuel Type: NGL\nOwnership: 100%\n\nThe Harmattan Gas Processing Complex processes and extracts gas. It is one of the largest gas plants in Alberta and is located 100 kilometres north of Calgary near Sundre Alberta.\n\nHarmattan has natural gas processing capacity of 490 Mmcf/d consisting of sour gas treating, co-stream processing, NGL extraction, and 35,000 Bbls/d of NGL fractionation and terminalling. Harmattan also has a 450 Bbls/d capacity frac oil processing facility, a 200 tonnes/d capacity industrial grade carbon dioxide (CO2) facility and a 10,000 Bbls/d capacity NGL truck offload facility. Harmattan extracts NGLs from the raw natural gas delivered for processing, fractionates the recovered NGLs into specification ethane, propane, butane and condensate, and provides storage and terminalling services for each product.\n\nAt Harmattan, natural gas processing services are provided to approximately 70 producers under contracts with a variety of commercial arrangements and terms.\n\nSince purchasing Harmattan in 2008, AltaGas has invested over $400 million to increase efficiency and reduce emissions at the facility. The Harmattan Complex has three co-generation units capable of producing 45 MW of power, which creates steam for processing gas and electricity for onsite use. Any excess electricity from the co-generation units goes to the Alberta power grid.","North Pine Liquids Separation Facility\n\nLocation: North Pine, BC\nCapacity: 20,000 bbls/d\nOperator: Yes\nFuel Type: C3+ and C5+\nOwnership: 100%\n\nThe North Pine Natural Gas Liquids (NGL) Facility project is located approximately 40 kilometres northwest of Fort St. John, British Columbia. The North Pine facility is the only custom fractionation plant in B.C., providing area producers with a lower cost, higher netback alternative for their NGLs than transporting and fractionating in Edmonton.\n\nThe first train of the North Pine facility is capable of processing up to 10,000 Bbls/d of NGL mix. The second train, commissioned in the first quarter of 2020, provides an additional 10,000 Bbls/d of NGL mix.\n\nThe North Pine facility is connected via the North Pine pipelines to the Townsend truck terminal which has a capacity of 10,000 Bbls/d and is contracted through long-term supply agreements with the producers at the Townsend and Aitken Creek facilities. The North Pine facility is also connected to the Tourmaline Gundy facility, and has access to the CN rail network, allowing for the transportation of propane, butane, and condensate to North American markets and propane to global markets via RIPET.","Edmonton Ethane Extraction Plant\n\nLocation: Edmonton, AB\nCapacity: 390 Mmcf/d\nOperator: Yes\nFuel Type: Ethane/NGL\nOwnership: 100%\n\nThe Edmonton Ethane Extraction Plant (EEEP) is located within the city limits in south Edmonton, Alberta. It began processing natural gas streams in 1978. AltaGas became the plant operator in 2004, and is now the plant’s sole owner.\n\nEEEP is a gas extraction straddle plant with a gross production capacity of 23,000 Bbls/d of specification ethane and 7,500 Bbls/d of natural gas liquids (NGLs). It is connected to several pipeline systems, which provides the opportunity for valuable liquids such as ethane, propane, and butane to be processed for commercial and industrial use.","Pipestone II Project\n\nLocation: Alberta Montney\nCapacity: 100 MMCF/D\nOperator: Yes\nFuel Type: Gas and NGL\nOwnership: 100%\n\nPipestone II is currently under construction and is fully owned and operated by AltaGas. It will provide an additional 100 MMcf/d of sour deep-cut natural gas processing capacity and an additional 20,000 Bbls/d of liquids handling capabilities. The project is adjacent to Pipestone, which AltaGas acquired in December 2023, and is being constructed on a fixed price turnkey basis for the majority of the capital costs. When complete, this project will deliver critical gas processing and liquids handling capacity in the Pipestone region of Alberta, which is one of the fastest growing liquids-rich natural gas developments in Canada."]
Leadership
Derek Evans (Chair of the Board, Independent Director, Over 40 years of experience in various operational and senior executive positions in the oil and gas business in Western Canada. Previously served as Executive Chairman of Pathways Alliance and CEO of MEG Energy Corp.), Cynthia Johnston (Independent Director, Corporate Director with over 30 years of diverse experience in strategic planning, complex project management, and operations. Former Executive Vice President at TransAlta Corporation.), Phillip R. Knoll (Independent Director, Corporate Director and Professional Engineer with over 35 years of experience in the energy sector. Former President of Knoll Energy Inc.), Angela S. Lekatsas (Independent Director, Chartered Professional Accountant with broad industry and corporate finance experience. Former President and CEO of Cervus Equipment Corporation.), Nancy G. Tower (Independent Director, Former President and CEO of Tampa Electric Company with extensive experience in corporate finance and operations.), William (Bill) Bullock, Jr. (Independent Director, Industry veteran with nearly four decades of experience in the energy sector. Former Executive Vice President and CFO of ConocoPhillips.), Victoria A. Calvert (Independent Director, Corporate Director and private consultant specializing in executive coaching. Former Professor Emerita of Business at Mount Royal University.), David W. Cornhill (Independent Director, Founding shareholder of AltaGas and former CEO with extensive leadership experience.), Jon-Al Duplantier, J.D. (Independent Director, Recently retired executive with over 25 years in the energy industry, formerly with Parker Drilling Company.), Pentti Karkkainen (Independent Director, Former Chair of the Board of AltaGas with over 35 years of investment management and energy sector research experience.), Vern D. Yu (Non-Independent Director, President and CEO with a proven track record across the energy infrastructure value chain, previously with Enbridge Inc.)

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