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ATGFF on OTC Markets Group

AltaGas

Logo: altagas.ca5

Canadian energy infrastructure comp9

AltaGas is a North American energy infrastructure company based in Calgary, Alberta. It links natural gas liquids (NGLs) and natural gas to both Canadian and global markets. The company operates in four business segments: utilities, midstream, power and corporate.3 Its shares trade on OTC Markets Group under the symbol ATGFF.1 Wikipedia text CC BY-SA 4.0

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Last updated Oct 21, 2026.

Overview

13.6BRevenue, fiscal 20226
523.0MNet income, fiscal 20226
Apr 1, 1994Founded1

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  • TickerATGFF on OTC Markets Group1
  • IndustryCrude Petroleum & Natural Gas1
  • HeadquartersCalgary, Canada1
  • Websitewww.altagas.ca
  • Incorporated inCanada (Federal Level)7
  • Business address1700, 355-4 Avenue Sw, Calgary, A0 T2P0J17
  • Legal formbusiness corporation4
  • LEI2549008X5V70MOS4HM104
  • StatusActive4
  • LEI statusIssued and current4
  • Registered address1300, 707-5th Street SW, T2P 0Y3 Calgary, Canada4
  • Registered withCorporations Canada, 1663016-24

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AltaGas is a North American energy infrastructure company based in Calgary, Alberta. It links natural gas liquids (NGLs) and natural gas to both Canadian and global markets. The company operates in four business segments: utilities, midstream, power and corporate.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from. Figures are in CAD, the currency the company reports in.

Key numbers, fiscal 2022

3.8%Net margin6
32.5%Revenue growth, 20226
7.0%Return on equity6
1.17×Debt to equity6
-406.0M CADFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2022

  • Cost of revenue82¢11.1B CAD
  • Other costs11¢1.5B CAD
  • Interest2¢330.0M CAD
  • Income tax1¢143.0M CAD
  • Profit4¢523.0M CAD

Out of 13.6B CAD in revenue.6

Where each dollar of operating cash went, fiscal 2022

  • Capital spending76¢945.0M CAD
  • Dividends paid24¢298.0M CAD

Out of 539.0M CAD of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.6

Financial statements

Revenue9101112613.6B CAD in 2022+432% since 2017
05.0B CAD10.0B CAD15.0B CAD2017: 2.6B CAD2.6B CAD20172018: 3.1B CAD3.1B CAD2018+22%2019: 4.9B CAD4.9B CAD2019+58%2020: 5.2B CAD5.2B CAD2020+4%2021: 10.3B CAD10.3B CAD2021+99%2022: 13.6B CAD13.6B CAD2022+32%
Net income91011126523.0M CAD in 2022+471% since 2017
-500.0M CAD0500.0M CAD1.0B CAD2017: 91.6M CAD91.6M CAD20172018: -435.1M CAD-435.1M CAD20182019: 833.0M CAD833.0M CAD20192020: 552.0M CAD552.0M CAD2020−34%2021: 283.0M CAD283.0M CAD2021−49%2022: 523.0M CAD523.0M CAD2022+85%
Fiscal year201720182019202020212022
Revenue2.6B CAD93.1B CAD104.9B CAD115.2B CAD1210.3B CAD613.6B CAD6
Cost of revenue1.4B CAD92.5B CAD103.2B CAD113.2B CAD127.7B CAD611.1B CAD6
Operating expenses1.5B CAD61.6B CAD6
Interest170.3M CAD9309.0M CAD10346.0M CAD11274.0M CAD12275.0M CAD6330.0M CAD6
Income before tax446.0M CAD6716.0M CAD6
Income tax-33.5M CAD9-263.2M CAD10-28.0M CAD11127.0M CAD12106.0M CAD6143.0M CAD6
Net income91.6M CAD9-435.1M CAD10833.0M CAD11552.0M CAD12283.0M CAD6523.0M CAD6
Earnings per share0 CAD/shares9-2 CAD/shares103 CAD/shares112 CAD/shares121 CAD/shares61 CAD/shares6
Earnings per share (diluted)0 CAD/shares9-2 CAD/shares103 CAD/shares112 CAD/shares121 CAD/shares61 CAD/shares6
Shares (weighted, basic)279.9M shares6281.0M shares6
Shares (weighted, diluted)281.7M shares6283.3M shares6

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Corporate structure

AltaGas sits at the top of its group. 6 entities, 2 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

  • AltaGas Calgary, Alberta, Canada
    • AltaGas Services (U.S.) Inc. Subsidiary · Washington, the District of Columbia, United States
    • Enerchem Partnership Subsidiary · Calgary, Alberta, Canada
    • Petrogas Energy Partnership Subsidiary · Calgary, Alberta, Canada
    • Petrogas Logistics Partnership Subsidiary · Calgary, Alberta, Canada
    • WGL MIDSTREAM MVP, LLC Subsidiary · Washington, D.C., the District of Columbia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0). Each entity in the chart links to its source.

What it owns

What AltaGas reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Construction in progress571.0M CAD6 Dec 31, 2022570.0M CAD6 Dec 31, 2021+0.2%
Property and equipment, before depreciation13.4B CAD6 Dec 31, 202213.2B CAD6 Dec 31, 2021+1.5%
Accumulated depreciation1.7B CAD6 Dec 31, 20221.8B CAD6 Dec 31, 2021−8.8%
Property and equipment, net11.7B CAD6 Dec 31, 202211.3B CAD6 Dec 31, 2021+3.2%
Finance-lease assets25.0M CAD6 Dec 31, 202217.0M CAD6 Dec 31, 2021+47.1%
Operating-lease assets (leased space)282.0M CAD6 Dec 31, 2022311.0M CAD6 Dec 31, 2021−9.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents53.0M CAD6 Dec 31, 202263.0M CAD6 Dec 31, 2021−15.9%
Stakes in other companies (equity method)654.0M CAD6 Dec 31, 2022623.0M CAD6 Dec 31, 2021+5.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill5.2B CAD6 Dec 31, 20225.2B CAD6 Dec 31, 2021+1.9%
Intangible assets, net (excluding goodwill)120.0M CAD6 Dec 31, 2022171.0M CAD6 Dec 31, 2021−29.8%
Finite-lived intangibles, gross460.0M CAD6 Dec 31, 2022455.0M CAD6 Dec 31, 2021+1.1%
Accumulated amortization340.0M CAD6 Dec 31, 2022284.0M CAD6 Dec 31, 2021+19.7%
Finite-lived intangibles, net120.0M CAD6 Dec 31, 2022171.0M CAD6 Dec 31, 2021−29.8%

Inventory

ItemLatestA year beforeChange
Inventory, total1.1B CAD6 Dec 31, 2022782.0M CAD6 Dec 31, 2021+35.5%
Finished goods6.0M CAD6 Dec 31, 20225.0M CAD6 Dec 31, 2021+20.0%

The story

AltaGas began operations in Calgary in 1994 in the natural gas business, with the goal of building a western Canadian midstream business. The company later began its utility segment in 1998 in Alberta, and entered the power business in 2001.

In 2017, AltaGas agreed to purchase WGL Holdings, significantly expanding its presence in the United States.

From Wikipedia’s article on AltaGas, shared under CC BY-SA 4.0.8

Products and brands

Utilities

AltaGas operates regulated utilities that store and deliver natural gas to end‑users across North America. The utility businesses serve approximately 1.8 million customers. The company operates as Washington Gas in the Washington metropolitan area and SEMCO Energy Gas Company in Michigan.

Midstream

The Midstream segment serves customers primarily in the Western Canadian Sedimentary Basin and transacts more than 2 billion cubic feet (57 million cubic metres) per day of natural gas. It transfers gas to its customers from wellhead to tidewater and beyond. The Midstream segment expanded its customer base in 2011 after its purchase of Pacific Northern Gas Ltd for $146.1 million. The acquisition was part of the move to capitalize on increased exploration activity in western Canada. The division serves many purposes including natural gas gathering and processing, natural gas liquids extraction and separation, transmission pipelines delivery for both gas and liquids, storage and marketing. As part of its Midstream expansion strategy, AltaGas concluded a deal with Birchcliff Energy for a long-term natural gas processing arrangement in 2018. It also entered into a joint venture with a privately held producer in the Montney shale play to construct a deep-cut natural gas processing facility.

From Wikipedia’s article on AltaGas, shared under CC BY-SA 4.0.8

Timeline

  1. Apr 1, 1994Founded Founded1

Filings

33 filings to the SEC since October 2021: 2 annual reports, 31 other. The latest 20:

  1. Mar 28, 202315-15D EDGAR
  2. Mar 2, 20236-K EDGAR
  3. Mar 2, 202340-F EDGAR
  4. Feb 15, 20236-K EDGAR
  5. Dec 22, 20226-K EDGAR
  6. Dec 5, 20226-K EDGAR
  7. Nov 23, 20226-K EDGAR
  8. Nov 21, 20226-K EDGAR
  9. Oct 28, 20226-K EDGAR
  10. Oct 7, 20226-K FROM 6-K EDGAR
  11. Aug 23, 20226-K EDGAR
  12. Aug 23, 20226-K EDGAR
  13. Aug 4, 20226-K EDGAR
  14. Jul 28, 20226-K EDGAR
  15. Jul 7, 20226-K EDGAR
  16. Jul 1, 20226-K EDGAR
  17. Jun 6, 20226-K EDGAR
  18. May 26, 20226-K EDGAR
  19. May 3, 20226-K EDGAR
  20. Apr 28, 20226-K EDGAR

The 33 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

SEC filer profile

How AltaGas is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAltaGas Ltd.2
  • CIK0001695519
  • Incorporated inCanada (Federal Level)2
  • Fiscal year endsDecember 312
  • Industry code (SIC)1311 Crude Petroleum & Natural Gas2
  • Business address1700, 355-4 Avenue Sw, Calgary, A0 T2P0J12
  • Phone1 (403) 691-75752
  • Shares outstanding279,494,299 as of Dec 31, 202011
  • On EDGAR sinceJan 26, 20172
  • Filings139 in all: 6-K (115), DFAN14A (8), 40-F (5), F-10 (3), F-X (3), EFFECT (2), F-10/A (2), 15-15D (1)2
  • Latest filingsAnnual report (40-F) Mar 2, 2023

Sources

The numbers on this page point here. Each one links to the record it came from.

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    Company websiteAltaGas logo
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