AltaGas (ALA) to Sell Off More Company Assets

1
a workman at AltaGas

AltaGas (ALA) has a network of natural gas processing plants and pipelines in Western Canada and 1.6 million utility customers in five northeastern U.S. states.

“In order to capitalize on the significant growth these two very attractive businesses provide us, we had to make some hard choices,” he added. “As such, we took steps to de-lever the balance sheet that included the resetting of the dividend payout, the completion of $3.8 billion of asset sales and the commitment to sell another $1.5 billion to $2 billion of non-core assets.”

“I believe that AltaGas has a unique value proposition. Our premiere midstream and utility assets are located in some of the fastest-growing markets in North America,” he said on the call.

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here