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BRIEF-Altagas Qtrly Revenue C$1,898 Million

Published 2019-05-02, 07:25 a/m
BRIEF-Altagas Qtrly Revenue C$1,898 Million
ALA
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May 2 (Reuters) - AltaGas Ltd ALA.TO :

* ALTAGAS ANNOUNCES STRONG FIRST QUARTER 2019 RESULTS

* Q1 ADJUSTED FFO PER SHARE C$1.09

* QTRLY REVENUE C$1,898 MILLION VERSUS C$878 MILLION

* ALTAGAS - UNIT REACHED AGREEMENT FOR SALE OF WGL MIDSTREAM'S INTEREST IN STONEWALL GAS GATHERING SYSTEM FOR TOTAL GROSS PROCEEDS OF ABOUT $275.3 MILLION

* 2019 INVESTMENT PLAN REMAINS UNCHANGED

* REMAINS ON-TRACK TO MONETIZE $1.5 - $2.0 BILLION IN NON-CORE ASSETS THROUGH REMAINDER OF 2019

* REMAINS ON-TRACK TO MONETIZE $1.5 BILLION - $2.0 BILLION IN NON-CORE ASSETS THROUGH REMAINDER OF 2019

* REITERATES ITS OUTLOOK FOR 2019, WITH ANTICIPATED NORMALIZED EBITDA IN RANGE OF $1.2 - $1.3 BILLION AND NORMALIZED FFO OF $850 - $950 MILLION

* FY2019 FFO PER SHARE VIEW C$2.78 -- REFINITIV IBES DATA

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