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    ALA   CA0213611001

ALTAGAS LTD.

(ALA)
  Report
Delayed Quote. Delayed Toronto Stock Exchange - 04/16 04:00:00 pm
21.44 CAD   -0.19%
04/12ALTAGAS LTD.  : Announces Monthly Dividend
AQ
04/08ALTAGAS LTD.  : to Issue First Quarter 2021 Results and to Hold Virtual Annual Meeting of Shareholders
AQ
03/24ALTAGAS LTD. : Ex-dividend day for
FA
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Equitrans confirms early 2021 startup for Mountain Valley natural gas pipeline

08/04/2020 | 08:17am EDT

U.S. pipeline company Equitrans Midstream Corp said on Tuesday it still expects to complete the $5.4 billion Mountain Valley natural gas pipeline from West Virginia to Virginia in early 2021.

Mountain Valley is one of several U.S. oil and gas pipelines delayed by regulatory and legal fights with environmental and local groups that found problems with federal permits issued by the Trump administration.

Other projects similarly held up include TC Energy Corp's $8 billion Keystone XL crude pipeline and Energy Transfer LP's Dakota Access crude pipeline, which are still involved in court battles.

Equitrans said in its second-quarter earnings statement that the project's costs could rise by 5% to around $5.7 billion if it needs "to adapt the construction plan for potential complex judicial decisions and regulatory changes."

When Equitrans started construction in February 2018, it estimated Mountain Valley would cost about $3.5 billion and be completed by the end of 2018. But successful legal challenges to federal permits resulted in lengthy delays and higher costs for Mountain Valley.

Equitrans said it expects to receive new approvals soon from the U.S. Fish and Wildlife Service, the U.S. Federal Energy Regulatory Commission and the U.S. Army Corps of Engineers that will enable it to finish building the last 8% of the project.

The 303-mile (488-km) pipeline is designed to deliver 2 billion cubic feet per day from the Marcellus and Utica shale in Pennsylvania, Ohio and West Virginia to consumers in the Mid Atlantic and Southeast.

Mountain Valley is owned by units of Equitrans, NextEra Energy Inc, Consolidated Edison Inc, AltaGas Ltd and RGC Resources Inc.

(Reporting By Scott DiSavino; Editing by Steve Orlofsky)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ALTAGAS LTD. -0.19% 21.44 Delayed Quote.14.74%
CONSOLIDATED EDISON, INC. 1.32% 78.21 Delayed Quote.6.81%
EQUITRANS MIDSTREAM CORPORATION -1.60% 7.99 Delayed Quote.-0.62%
LONDON BRENT OIL -0.18% 66.7 Delayed Quote.28.12%
NEXTERA ENERGY, INC. 0.95% 80.94 Delayed Quote.4.91%
RGC RESOURCES, INC. 0.62% 22.66 Delayed Quote.-5.30%
TC ENERGY CORPORATION -0.85% 59.58 Delayed Quote.16.12%
WTI -0.41% 63.072 Delayed Quote.30.48%
All news about ALTAGAS LTD.
04/12ALTAGAS LTD.  : Announces Monthly Dividend
AQ
04/08ALTAGAS LTD.  : to Issue First Quarter 2021 Results and to Hold Virtual Annual M..
AQ
03/24ALTAGAS LTD. : Ex-dividend day for
FA
03/16ALTAGAS  : Closes Aggregate $550 Million Medium Term Note Offerings
MT
03/16ALTAGAS LTD.  : Closes Aggregate $550 Million Medium Term Note Offerings
AQ
03/12MT NEWSWIRES OVERNIGHT STOCKS TO WAT : TransGlobe Energy; AltaGas; Core Labs
MT
03/11ALTAGAS LTD.  : Announces Aggregate $550 Million Medium Term Note Offering
AQ
03/03ALTAGAS  : CERAWEEK-Exports to drive U.S. natural gas demand growth, but pipelin..
RE
03/03ALTAGAS  : March Investor Presentation
PU
03/01ALTAGAS  : Announces Strong Q4 and 2020 Results
AQ
More news
Financials
Sales 2021 5 649 M 4 515 M 4 515 M
Net income 2021 479 M 383 M 383 M
Net Debt 2021 8 319 M 6 649 M 6 649 M
P/E ratio 2021 13,6x
Yield 2021 4,66%
Capitalization 5 993 M 4 795 M 4 791 M
EV / Sales 2021 2,53x
EV / Sales 2022 2,42x
Nbr of Employees 2 984
Free-Float 94,4%
Chart ALTAGAS LTD.
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Technical analysis trends ALTAGAS LTD.
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 15
Average target price 23,33 CAD
Last Close Price 21,44 CAD
Spread / Highest target 16,6%
Spread / Average Target 8,83%
Spread / Lowest Target 2,61%
EPS Revisions
Managers and Directors
NameTitle
Randall L. Crawford President, Chief Executive Officer & Director
D. James Harbilas Chief Financial Officer & Executive Vice President
Pentti O. Karkkainen Chairman
Corine R. K. Bushfield Chief Administrative Officer & Executive VP
David Wallace Cornhill Independent Director
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