Business
AltaGas Announces 2020 Guidance, Suspension of its Dividend Reinvestment Program, and Provides an Update on its 2020 Strategic Plan
AltaGas Announces 2020 Guidance, Suspension of its Dividend Reinvestment Program, and Prov...
About this update from Altagas Ltd.
[{"type":"text","content":"\n\n\n\nAltaGas Announces 2020 Guidance, Suspension of its Dividend Reinvestment Program, and Provides an Update on its 2020 Strategic Plan\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen10{\nMARGIN-LEFT:1.67em; MARGIN-RIGHT:0.83em; MARGIN-TOP:0em; MARGIN-BOTTOM:0em\n}\n.prngen6{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: CENTER; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen5{\nBORDER-TOP:1pt; BORDER-RIGHT:black 1pt solid; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen7{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prnrbrs{\nBORDER-RIGHT:black 1pt solid\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n.prnsbr1{\nBORDER-RIGHT:1pt\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prnvab{\nVERTICAL-ALIGN: BOTTOM\n}\n.prntar{\nTEXT-ALIGN: RIGHT\n}\n.prnpr6{\nPADDING-RIGHT:0.50em\n}\n.prnpl6{\nPADDING-LEFT:0.50em\n}\n.prnsbt1{\nBORDER-TOP:1pt\n}\n.prnsbts{\nBORDER-TOP:black 1pt solid\n}\n.prnsbbs{\nBORDER-BOTTOM:black 1pt solid\n}\n.prnsbl1{\nBORDER-LEFT:1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Dec. 17, 2019\n\n\n\nStrong earnings growth in 2020 driven by considerable growth in Utilities and Midstream businesses and significantly lower leverage\n CALGARY, Dec. 17, 2019 /CNW/ - AltaGas Ltd. (AltaGas or the Company) (TSX: ALA) announces 2020 guidance, the suspension of its Dividend Reinvestment Program (DRIP), provides an update on its 2020 strategic plan and reaffirms its 2019 guidance.\nHIGHLIGHTS\nAnnounced 2020 financial guidance: normalized EPS1 in the range of $1.20 - $1.30 per share and normalized EBITDA1 in the range of $1,275 - $1,325 million underpinned by increasing contributions from its core businesses and lower interest expense due to lower leverage. Approximately 15 percent growth in normalized EBITDA in the core ...