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BRIEF-Altagas Q4 adjusted FFO per share C$1.04

Published 2017-02-23, 08:24 a/m
© Reuters. BRIEF-Altagas Q4 adjusted FFO per share C$1.04
ALA
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Feb 23 (Reuters) - Altagas Ltd ALA.TO :

* Altagas Ltd reports 2016 fourth quarter and year end results

* Q4 adjusted FFO per share C$1.04

* Altagas Ltd says expects to deliver approximately high single digit percentage normalized EBITDA growth in 2017 compared to 2016

* Altagas Ltd - qtrly revenue $661 mln versus $580 million

* Altagas Ltd- power and utilities segments are expected to generate approximately 75 percent of 2017 normalized EBITDA

* Q4 revenue view C$620.5 million -- Thomson Reuters I/B/E/S

* Q4 FFO per share view C$0.90 -- Thomson Reuters I/B/E/S

* Sees normal seasonal weather in 2017 compared to unfavorable weather in 2016

* Ridley Island propane export terminal construction expected to begin in Q1 of 2017

* Altagas Ltd - expects capital expenditures in range of $550 to $650 million for 2017

* Altagas Ltd- normalized funds from operations are also expected to increase by approximately high single digit percentage growth for 2017 Source text for Eikon: ID:nCCNc301D1 Further company coverage: ALA.TO

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