🔥 Premium AI-powered Stock Picks from InvestingPro Now up to 50% OffCLAIM SALE

BRIEF-AltaGas Announces Its 2019 Balanced Funding Plan, Including Financial Outlook & Capital Plan

Published 2018-12-13, 07:49 a/m
© Reuters.  BRIEF-AltaGas Announces Its 2019 Balanced Funding Plan, Including Financial Outlook & Capital Plan
ALA
-

Dec 13 (Reuters) - AltaGas Ltd ALA.TO :

* ALTAGAS ANNOUNCES ITS 2019 BALANCED FUNDING PLAN, INCLUDING FINANCIAL OUTLOOK AND CAPITAL PLAN

* ALTAGAS LTD - APPROVAL HAS BEEN SECURED TO RESET MONTHLY DIVIDEND TO $0.08 PER COMMON SHARE OR $0.96 PER COMMON SHARE ANNUALLY

* ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED EARNINGS BEFORE INTEREST, TAXES, DEPRECIATION AND AMORTIZATION IN RANGE OF $1.2 - $1.3 BILLION

* ALTAGAS LTD - SEES CAPITAL ALLOCATION OF APPROXIMATELY $1.3 BILLION IN 2019 IN PRIMARILY MIDSTREAM AND U.S. UTILITIES PROJECTS

* ALTAGAS LTD - ANTICIPATED 2019 NORMALIZED FUNDS FROM OPERATIONS OF $850 - $950 MILLION

* ALTAGAS LTD - INTENDS TO COMPLETE ADDITIONAL ASSET SALES OF APPROXIMATELY $1.5 - $2.0 BILLION IN 2019

* ALTAGAS LTD - REACHED AN AGREEMENT FOR SALE OF ITS REMAINING INDIRECT EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES

* ALTAGAS LTD - SALE OF EQUITY INTEREST OF APPROXIMATELY 55 PERCENT IN NORTHWEST HYDRO FACILITIES FOR APPROXIMATELY $1.39 BILLION

* ALTAGAS LTD - ANTICIPATES DIVIDEND RESET WILL HAVE A SIGNIFICANT IMPACT ON ITS FINANCIAL FLEXIBILITY AND CREDIT PROFILE THROUGH 2023

* ALTAGAS - CAPITAL INVESTMENT WILL BE FUNDED THROUGH ASSET SALES, CASH FROM OPERATIONS, DIVIDEND REINVESTMENT PLAN, SELECT FUTURE DEBT

* ALTAGAS - SALE OF INTEREST IN NORTHWEST HYDRO FACILITIES ENTERED INTO WITH JV CO THAT IS CONTROLLED BY AXIUM INFRASTRUCTURE & MANULIFE FINANCIAL

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.