AltaGas Ltd. ALA.TO

Company Overview

AltaGas Ltd. is a Canadian energy infrastructure company operating across the midstream energy and regulated natural gas utilities industries. The company’s core activities involve natural gas gathering, processing, fractionation, storage, export, and distribution, with revenues primarily generated from long-term, fee-based contracts and regulated utility frameworks. AltaGas serves residential, commercial, industrial, and utility customers, as well as upstream energy producers and global buyers of liquefied petroleum gases (LPGs).

Founded in 1994, AltaGas evolved from a Western Canada–focused gas processing business into a diversified North American energy infrastructure company. Its strategic positioning emphasizes low-risk, contracted, and regulated assets that provide stable cash flows, with a particular focus on natural gas utilities and export-oriented midstream infrastructure. A key differentiator is its ownership of the Ridley Island Propane Export Terminal, giving AltaGas direct access to Asian energy markets.