AltaGas announced 4Q15 results on February 25, 2016: EBITDA $173 mm (FCC $166 mm) Normalized EPS $0.38 (FCC $0.28) AltaGas noted that worsening world market conditions had caused it to end all further work on the Douglas Channel LNG project. AltaGas's net exposure to the project was ~17%. AltaGas expects it is fully funded for its capital expenditures in 2016 as it had $293 mm in cash at YE2015 and close to $1 billion in available room on its credit facilities.
25 Feb 2016
4Q15 RESULTS: ADJ. EPS $0.38 (FCC $0.28/CONS. $0.47); DOUGLAS CHANNEL LNG SHELVED
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4Q15 RESULTS: ADJ. EPS $0.38 (FCC $0.28/CONS. $0.47); DOUGLAS CHANNEL LNG SHELVED
AltaGas Ltd. (ALA:TSE) | 0 0 0.5% | Mkt Cap: 4,575m
- Published:
25 Feb 2016 -
Author:
Steven I. Paget -
Pages:
2
AltaGas announced 4Q15 results on February 25, 2016: EBITDA $173 mm (FCC $166 mm) Normalized EPS $0.38 (FCC $0.28) AltaGas noted that worsening world market conditions had caused it to end all further work on the Douglas Channel LNG project. AltaGas's net exposure to the project was ~17%. AltaGas expects it is fully funded for its capital expenditures in 2016 as it had $293 mm in cash at YE2015 and close to $1 billion in available room on its credit facilities.