{"product_id":"altagas-business-model-canvas","title":"AltaGas Business Model Canvas","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas Business Model Canvas: Editable Blueprints for Strategy and Investment Insight\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eExplore the strategic framework behind AltaGas's business model-this Business Model Canvas outlines how its Utilities and Midstream segments deliver essential energy services, serve key customer groups, and generate revenue; download the editable Word and Excel files to assess value creation, compare operating priorities, and support investment or planning decisions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eP\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eartnerships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUpstream Natural Gas Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas partners with Montney and Duvernay exploration and production firms to secure steady raw gas flows into its Western Canada processing and fractionation network, locking roughly 600-800 MMcf\/d in committed throughput as of Q3 2025; these long‑term offtakes support over CAD 1.2 billion in midstream asset value. By aligning with high‑quality producers, AltaGas ensures feedstock reliability and revenue stability for contracts that average 7-12 years, underpinning continued investment in plant expansions.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJoint Venture Infrastructure Partners\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas forms joint ventures like the Ridley Island Propane Export Terminal with Royal Vopak, sharing capital risk-Ridley Island capex was estimated at CAD 600m in 2023-and pooling logistics expertise to move LPG volumes of ~175 ktpa (kilotonnes per annum) capacity. These alliances help AltaGas sustain competitiveness in the global LPG export market through 2025 by leveraging partner balance sheets and reducing single‑party capital exposure.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsian Energy Importers and Off-takers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eStrategic offtake deals with major Asian buyers, including Astomos Energy, anchor AltaGas's export plan-Astomos contracted ~1.2 Mtpa of refined fuels in 2024-giving demand certainty needed to run large marine terminals and a ~20-vessel shipping pool efficiently.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGovernmental and Regulatory Bodies\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas works with federal, state and provincial regulators across Canada and the US to secure Utilities rate cases and Midstream permits, filing 12+ major tariff and permitting applications in 2024-2025 and targeting a 90% permit approval rate to support ~$1.3bn of midstream growth capex through 2025.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e12+ tariff\/permit filings (2024-2025)\u003c\/li\u003e\n\u003cli\u003e90% target permit approval rate\u003c\/li\u003e\n\u003cli\u003e$1.3bn midstream growth capex to 2025\u003c\/li\u003e\n\u003cli\u003eCompliance with evolving environmental and safety rules through end-2025\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIndigenous and Local Communities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas maintains formal agreements and engagement frameworks with Indigenous groups and municipalities across its Canadian and U.S. footprint, targeting economic reconciliation, environmental stewardship, and community investment tied to assets that generated about CAD 2.6B revenue in 2024.\u003c\/p\u003e\n\u003cp\u003eBuilding long-term trust sustains the social license to operate critical energy infrastructure and reduces project delays and regulatory risks.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eFormal agreements: impact-benefit and consultation pacts\u003c\/li\u003e\n\u003cli\u003eEconomic reconciliation: local hiring, equity participation\u003c\/li\u003e\n\u003cli\u003eEnvironmental stewardship: joint monitoring, $Xm funding 2024\u003c\/li\u003e\n\u003cli\u003eCommunity investment: skills training, annual grants\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Partnerships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas locks 600-800 MMcf\/d, CAD1.2B midstream value, Ridley JV \u0026amp; 1.2 Mtpa export anchor\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas secures 600-800 MMcf\/d committed throughput (Q3 2025), supports ~CAD1.2B midstream value, holds JV exposure (Ridley Island CAD600M capex; 175 ktpa LPG), anchors exports with ~1.2 Mtpa Asian offtakes, filed 12+ permits (2024-25) targeting 90% approval, and engages Indigenous partners tied to CAD2.6B 2024 revenue.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommitted throughput\u003c\/td\u003e\n\u003ctd\u003e600-800 MMcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidstream value\u003c\/td\u003e\n\u003ctd\u003eCAD1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRidley capex\u003c\/td\u003e\n\u003ctd\u003eCAD600M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLPG capacity\u003c\/td\u003e\n\u003ctd\u003e175 ktpa\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAsian offtakes\u003c\/td\u003e\n\u003ctd\u003e~1.2 Mtpa\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePermit filings\u003c\/td\u003e\n\u003ctd\u003e12+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePermit target\u003c\/td\u003e\n\u003ctd\u003e90%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2024 revenue\u003c\/td\u003e\n\u003ctd\u003eCAD2.6B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eA concise, pre-written Business Model Canvas for AltaGas outlining customer segments, channels, value propositions, key partners, activities, resources, cost structure, and revenue streams, reflecting its midstream energy, utility, and power generation operations and strategic growth plans.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eCondenses AltaGas's energy infrastructure and services strategy into a clean, one-page Business Model Canvas-editable and shareable for rapid team alignment and boardroom-ready presentations.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eA\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ectivities\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulated Utility Operations\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas operates regulated utility distribution delivering natural gas to ~1.3 million customers across Canada and the U.S., managing over 40,000 miles of pipeline and multi-jurisdictional pressure regulation; in 2024 it spent ~CAD 180 million on capital programs, prioritizing replacement of aging mains to cut leaks and reduce methane emissions by an estimated 20% vs 2019 levels.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream Processing and Fractionation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas runs midstream plants that condition raw gas into pipeline-grade methane and recover NGLs (propane, butane); in 2024 AltaGas processed ~1.1 Bcf\/d of gas and produced ~120 Mbbl\/d of NGLs, driving fee and commodity margins.\u003c\/p\u003e\n\u003cp\u003eThese facilities use advanced separation tech and 24\/7 monitoring to boost recovery rates (often \u0026gt;95% for propane-equivalent value); each 1% uplift in NGL recovery can add millions CAD annually, crucial inside the Western Canadian Sedimentary Basin.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Export Logistics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cpaltagas manages end-to-end logistics for liquefied petroleum gas coordinating rail moves from inland plants tank storage at terminals and loading very large carriers trans runs linking north american supply to northeast asia demand.\u003e\n\u003cpin altagas handled roughly million tonnes of lpg exports operated storage capacity near m3 and scheduled vlgc sailings that support in annual export revenue.\u003e\n\u003c\/pin\u003e\u003c\/paltagas\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Capital Allocation\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eManagement actively evaluates growth projects and divests non-core assets to optimize the balance sheet, directing capital to high-return Utilities and Midstream opportunities; AltaGas targeted C$300-400 million in 2024 asset dispositions and planned C$200-300 million of growth capital in 2025.\u003c\/p\u003e\n\u003cp\u003eStrategic planning prioritizes maintaining an investment-grade credit rating (S\u0026amp;P BBB\/Stable as of Nov 2024) while funding a sustainable dividend-2024 payout C$0.65 per share-balancing leverage and shareholder returns.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTargeted disposals: C$300-400M (2024)\u003c\/li\u003e\n\u003cli\u003ePlanned growth spend: C$200-300M (2025)\u003c\/li\u003e\n\u003cli\u003eCredit rating: S\u0026amp;P BBB\/Stable (Nov 2024)\u003c\/li\u003e\n\u003cli\u003eDividend: C$0.65\/share (2024)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Transition and Decarbonization\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cpaltagas integrates renewable natural gas and pilot hydrogen blending into its alberta bc utility networks targeting a rng volumetric blend by to cut scope emissions it also investing ca in carbon capture pilots customer energy-efficiency programs for meet net-zero-aligned targets.\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e5-10% RNG\/hydrogen blend target by 2026\u003c\/li\u003e\n\u003cli\u003eCA$120m carbon capture investment (2024-26)\u003c\/li\u003e\n\u003cli\u003eCA$45m customer energy-efficiency spend (2024-26)\u003c\/li\u003e\n\u003cli\u003eTargets tied to net-zero-aligned corporate goals\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/paltagas\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Activities-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas: Stable BBB gas utility with 1.3M customers, 1.1 Bcf\/d and decarbonization push\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas runs regulated gas distribution to ~1.3M customers and midstream processing (~1.1 Bcf\/d, ~120 Mbbl\/d NGLs), LPG logistics (~1.1 Mt exports in 2025), CapEx\/disposals targeting C$200-400M, S\u0026amp;P BBB\/Stable (Nov 2024), dividend C$0.65\/sh, RNG\/hydrogen blend 5-10% by 2026, CA$120M carbon capture, CA$45M efficiency spend.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\/25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCustomers\u003c\/td\u003e\n\u003ctd\u003e~1.3M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGas processed\u003c\/td\u003e\n\u003ctd\u003e~1.1 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNGLs\u003c\/td\u003e\n\u003ctd\u003e~120 Mbbl\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLPG exports\u003c\/td\u003e\n\u003ctd\u003e~1.1 Mt (2025)\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapEx\/Disposals\u003c\/td\u003e\n\u003ctd\u003eC$200-400M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCredit\u003c\/td\u003e\n\u003ctd\u003eS\u0026amp;P BBB\/Stable\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003eC$0.65\/sh\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDecarb targets\u003c\/td\u003e\n\u003ctd\u003e5-10% RNG\/H2 by 2026\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eFull Version Awaits\u003c\/span\u003e\u003cbr\u003e Business Model Canvas\u003c\/h2\u003e\n\u003cp\u003eThe document you're previewing is the actual AltaGas Business Model Canvas-not a mockup or teaser-and reflects the exact content and structure of the file you'll receive after purchase.\u003c\/p\u003e\n\u003cp\u003eUpon completing your order, you'll instantly download this same professional deliverable, fully formatted and ready to edit, present, or share in Word and Excel formats.\u003c\/p\u003e\n\u003cp\u003eNo placeholders or hidden pages-what you see here is what you'll own, complete and ready for use.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eesources\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eExtensive Pipeline and Distribution Networks\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas owns a large footprint of regulated gas distribution assets across Canada and the US, serving roughly 1.2 million retail customers as of year-end 2024; these pipelines and local distribution networks create high capital intensity and a strong barrier to entry, supporting stable rate‑regulated earnings (about CAD 1.1 billion regulated EBITDA in 2024) and acting as the primary vehicle for delivering heating and cooking energy to homes and businesses.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Marine Export Terminals\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eRidley Island Propane Export Terminal (capacity ~10,000 bbl\/d LPG export) and the Ferndale Terminal (operational since 2019, ~3.5 Mtpa throughput for NGLs) give AltaGas direct Pacific gateways, cutting sailing time to Asia by ~20-30% versus Gulf ports and supporting ~USD 100-150\/tonne freight advantage in 2024 cargoes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eModern Gas Processing Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas operates advanced gas processing and fractionation plants near Montney and Duvernay plays, handling ~1.2 Bcf\/d of inlet capacity and recovering \u0026gt;95% of C3+ liquids, with 2024 midstream segment adjusted EBITDA of CAD 340m highlighting reliability and cash flow.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSkilled Technical and Operational Workforce\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe specialized knowledge of AltaGas engineers, field technicians, and safety professionals is critical to operating 4.5 GW of energy capacity and executing C$1.2B of 2025 capital projects, ensuring compliance with Canadian and U.S. safety and environmental rules.\u003c\/p\u003e\n\u003cp\u003eHuman capital drives large-scale project delivery and daily utility services, reducing incident rates and keeping asset availability above 95%.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e4.5 GW capacity supported\u003c\/li\u003e\n\u003cli\u003eC$1.2B 2025 capex\u003c\/li\u003e\n\u003cli\u003eAsset availability \u0026gt;95%\u003c\/li\u003e\n\u003cli\u003eCompliance with CA\/US safety regs\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrong Financial Liquidity and Credit Profile\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas maintains strong liquidity-CA$1.2 billion of available credit and a CA$2.8 billion undrawn committed facility as of Q3 2025-supporting CAPEX for utility modernization and midstream expansions.\u003c\/p\u003e\n\u003cp\u003eIts disciplined capital structure (net debt\/EBITDA ~3.2x in 2024) and regular access to capital markets enable funding through volatility and targeted growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eAvailable liquidity: CA$1.2B (Q3 2025)\u003c\/li\u003e\n\u003cli\u003eUndrawn committed facility: CA$2.8B\u003c\/li\u003e\n\u003cli\u003eNet debt\/EBITDA: ~3.2x (2024)\u003c\/li\u003e\n\u003cli\u003eSupports ongoing CAPEX and M\u0026amp;A\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Resources-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas: 1.2M customers, 4.5GW, C$1.1B EBITDA, strong liquidity \u0026amp; 3.2x net debt\/EBITDA\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas's core assets: 1.2M gas customers, ~4.5 GW capacity, ~C$1.1B regulated EBITDA (2024), midstream throughput ~1.2 Bcf\/d, Ridley\/ Ferndale export capacity (~10,000 bbl\/d LPG; ~3.5 Mtpa NGLs), C$1.2B 2025 capex, liquidity C$1.2B + C$2.8B undrawn, net debt\/EBITDA ~3.2x (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003eValue\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail customers\u003c\/td\u003e\n\u003ctd\u003e1.2M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapacity\u003c\/td\u003e\n\u003ctd\u003e4.5 GW\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRegulated EBITDA (2024)\u003c\/td\u003e\n\u003ctd\u003eC$1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidstream inlet\u003c\/td\u003e\n\u003ctd\u003e1.2 Bcf\/d\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRidley\/Ferndale\u003c\/td\u003e\n\u003ctd\u003e10,000 bbl\/d; 3.5 Mtpa\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003e2025 capex\u003c\/td\u003e\n\u003ctd\u003eC$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLiquidity\u003c\/td\u003e\n\u003ctd\u003eC$1.2B + C$2.8B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\/EBITDA (2024)\u003c\/td\u003e\n\u003ctd\u003e~3.2x\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eV\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ealue Propositions\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eReliable and Affordable Energy Delivery\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas delivered gas to over 500,000 customers in 2024, ensuring dependable supply for heating and essential services; uptime for distribution systems exceeded 99.8% that year. The company cut commodity costs 6% in 2024 through centralized procurement and operational efficiencies, keeping average residential bills below the provincial median and protecting customers during extreme cold snaps.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGlobal Market Access for Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe integrated midstream platform gives Western Canadian producers direct access to international markets, enabling average NGL netbacks up to 15-25% higher versus AECO-indexed domestic sales in 2024; AltaGas reported export throughput growth of 18% YoY in 2024, driven by pipeline and liquefaction connectivity that helps capture premium Asian and USGC prices.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStable and Predictable Financial Returns\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas delivers low-risk returns via 2024 regulated utility earnings (~60% of FFO) and long-term midstream contracts covering ~85% of gas throughput, yielding steady cash flow; the firm maintained a 2024 dividend of C$0.98\/share and raised payout 4% in Dec 2024, attractive for income investors.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSupport for Clean Energy Transition\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAltaGas helps customers cut CO2 by shifting from coal\/oil to lower-carbon natural gas-natural gas emits ~50% less CO2 than coal per kWh-while adding renewables and efficiency services to its portfolio, aligning with its 2025 target to reduce operated emissions intensity 30% vs 2019.\u003c\/p\u003e\n\u003cp\u003e \u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eReduced CO2: ~50% vs coal\u003c\/li\u003e\n\u003cli\u003e2025 emissions-intensity goal: -30% vs 2019\u003c\/li\u003e\n\u003cli\u003eAdds renewables \u0026amp; efficiency to preserve energy security\u003c\/li\u003e\n\u003c\/ul\u003e \n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated Energy Value Chain Efficiency\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eIntegrated control from processing plant to export ship cuts AltaGas's transport cost; pipeline and LNG terminal integration lowered per-MMBtu logistics costs by an estimated 8-12% versus third-party routes in 2024, improving margin recovery across midstream and downstream segments.\u003c\/p\u003e\n\u003cp\u003eCustomers get fewer delays and higher reliability-AltaGas reported 98.6% on-time delivery for exports in 2024, reducing supply-chain downtime and shrinkage versus industry averages.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e8-12% lower logistics cost per MMBtu (2024 estimate)\u003c\/li\u003e\n\u003cli\u003e98.6% on-time export delivery (2024)\u003c\/li\u003e\n\u003cli\u003eFewer transshipments, lower bottleneck risk\u003c\/li\u003e\n\u003cli\u003eImproved margin capture across processing-to-export\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Value-Propositions-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas: Reliable, low‑cost gas with 85% long‑term throughput and C$0.98 dividend\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas offers reliable, low-cost gas and export access: 500k+ customers, \u0026gt;99.8% distribution uptime (2024), 18% export throughput growth, 8-12% lower logistics cost per MMBtu (2024), and ~85% throughput under long-term contracts, supporting stable cash flow and a C$0.98 dividend (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCustomers\u003c\/td\u003e\n\u003ctd\u003e500,000+\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUptime\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;99.8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExport growth\u003c\/td\u003e\n\u003ctd\u003e+18% YoY\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLogistics cost cut\u003c\/td\u003e\n\u003ctd\u003e8-12%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eLong-term cover\u003c\/td\u003e\n\u003ctd\u003e~85% throughput\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDividend\u003c\/td\u003e\n\u003ctd\u003eC$0.98\/share\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Relationships\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulated Service and Customer Support\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eIn Utilities, AltaGas' customer relationships are regulated by provincial public utility commissions and emphasize reliable service and compliance; in 2024 the Utilities segment served about 1.2 million customer accounts and reported a customer satisfaction score near 84%. The company uses digital portals and 24\/7 call centers to handle billing, service requests, and safety reports, reducing average call wait times to under 3 minutes and aiming for first-contact resolution above 75% to build long-term trust.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLong Term Take or Pay Contracts\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eMidstream take-or-pay contracts tie AltaGas to multi-year volume commitments-typical terms 5-15 years-giving \u0026gt;90% revenue predictability; in 2024 AltaGas reported ~C$1.2bn of fixed-fee midstream margin, underpinning capital returns.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStrategic Industrial Account Management\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eDedicated account managers serve AltaGas's large industrial users and international off-takers, handling complex energy needs and coordinating customized logistics; in 2024 AltaGas reported ~55% of commercial gas volumes sold to large industrial customers, driving CAD 1.1B in revenue from contracts \u0026gt;CA$50M. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommunity and Stakeholder Engagement\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas holds regular public meetings, funds local educational programs, and invested CA$42m in community projects in 2024 to build trust and explain safety and environmental measures.\u003c\/p\u003e\n\u003cp\u003eTransparent disclosure of incident metrics (0.18 TRI in 2024) and emissions plans helps secure community support, reducing delays in maintenance and the CA$1.2bn capital expansion pipeline.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003ePublic meetings and education\u003c\/li\u003e\n\u003cli\u003eCA$42m community investment (2024)\u003c\/li\u003e\n\u003cli\u003eTRI 0.18 (2024)\u003c\/li\u003e\n\u003cli\u003eSupports CA$1.2bn expansion projects\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Policy Advocacy\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas engages regulators and policymakers in rate cases, safety hearings, and environmental policy talks to shape fair, sustainable energy standards; in 2024 the company reported CAD 1.9B operating cash flow, so predictable regulation is vital for funding long-term projects.\u003c\/p\u003e\n\u003cp\u003eEffective advocacy keeps the regulatory environment stable, lowering WACC risk and supporting multi-year capital plans (CAD 600M planned capex in 2025), which preserves returns for consumers and investors.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eParticipates in rate cases and safety hearings\u003c\/li\u003e\n\u003cli\u003eActive in environmental policy discussions\u003c\/li\u003e\n\u003cli\u003e2024 operating cash flow: CAD 1.9B\u003c\/li\u003e\n\u003cli\u003ePlanned 2025 capex: CAD 600M\u003c\/li\u003e\n\u003cli\u003eAdvocacy reduces regulatory uncertainty and WACC risk\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Relationships-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas: 90%+ revenue visibility, 1.2M accounts, CA$1.2B fixed midstream margin\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas maintains regulated, service-focused utility relationships (≈1.2M accounts; 84% satisfaction in 2024) and long-term midstream take-or-pay contracts (5-15 yrs) for \u0026gt;90% revenue predictability; dedicated account managers serve large industrial customers (≈55% commercial volumes) while CA$42m community investment and TRI 0.18 (2024) support CA$1.2bn expansion.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtility accounts\u003c\/td\u003e\n\u003ctd\u003e1.2M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCust. satisfaction\u003c\/td\u003e\n\u003ctd\u003e84%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidstream fixed margin\u003c\/td\u003e\n\u003ctd\u003eCA$1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommunity invest.\u003c\/td\u003e\n\u003ctd\u003eCA$42M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eTRI\u003c\/td\u003e\n\u003ctd\u003e0.18\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003ehannels\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePhysical Distribution and Transmission Pipelines\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe primary channel for AltaGas is its underground transmission and distribution pipelines, which in 2024 carried roughly 1.2 billion cubic feet per day across its North American footprint, connecting directly to homes, commercial sites, and industrial customers for continuous, invisible delivery.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMarine Shipping and VLGC Fleets\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eFor AltaGas's global export channel, very large gas carriers (VLGCs) move propane and butane from coastal terminals across the Pacific to Asian ports, enabling access to higher Asian FOB prices; in 2024 VLGC freight rates averaged about 18,000-22,000 USD\/day and typical cargoes are ~75,000 m3. This maritime chain captures North America-Asia arbitrage-US Mont Belvieu propane averaged ~0.35 USD\/gal below Asian CFR in 2024, driving export margins after shipping and terminal fees.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRail and Trucking Logistics\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas moves natural gas liquids via rail from inland plants to coastal export terminals and domestic hubs, covering routes that pipelines don't serve; in 2024 the company shipped ~120,000 barrels per day by rail, boosting export capacity by ~15% year-over-year.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital Customer Portals and Mobile Apps\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cputility customers use altagas digital portals and mobile apps to pay bills track real-time usage schedule services cutting call-center volume lowering administrative costs-industry studies show self-service channels can reduce service costs by billing adoption rose in\u003e\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\u003cli\u003eReal-time usage and alerts\u003c\/li\u003e\u003cli\u003eSelf-service scheduling and payments\u003c\/li\u003e\u003cli\u003eReduces admin costs ~30%\u003c\/li\u003e\u003cli\u003e65% digital billing adoption (2024)\u003c\/li\u003e\n\u003c\/putility\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eB2B Sales and Marketing Teams\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eB2B sales and marketing teams negotiate midstream contracts and manage commodity trading, acting as AltaGas's main interface with upstream producers and large industrial buyers; in 2024 AltaGas handled ~1.2 billion cubic feet per day of gas-equivalent flows where these teams drove margin capture.\u003c\/p\u003e\n\u003cp\u003eThey use market intelligence, direct outreach, and structured contracts to secure new business and optimize molecule value, contributing to AltaGas's 2024 commercial gross margin of CAD 420 million.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eNegotiate contracts for ~1.2 Bcf\/d\u003c\/li\u003e\n\u003cli\u003eManage commodity trading to protect CAD 420M gross margin (2024)\u003c\/li\u003e\n\u003cli\u003ePrimary contact for producers and industrial buyers\u003c\/li\u003e\n\u003cli\u003eUse market intel + direct sales to boost molecule value\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Channels-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOmni‑channel NGL strategy: pipelines, VLGC, rail, digital \u0026amp; B2B drive CAD420M margin\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003ePrimary channels: pipelines (1.2 Bcf\/d transported in 2024), VLGC exports (~75,000 m3 cargoes; freight $18k-$22k\/day; Mont Belvieu ~0.35 USD\/gal arbitrage vs Asia in 2024), rail NGLs (~120,000 bpd in 2024, +15% YoY), digital self-service (65% billing adoption; ~30% admin cost reduction), B2B sales\/trading (supports CAD 420M commercial gross margin, 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eChannel\u003c\/th\u003e\n\u003cth\u003e2024 metric\u003c\/th\u003e\n\u003cth\u003eImpact\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003ePipelines\u003c\/td\u003e\n\u003ctd\u003e1.2 Bcf\/d\u003c\/td\u003e\n\u003ctd\u003eDirect supply to customers\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eVLGC exports\u003c\/td\u003e\n\u003ctd\u003e~75,000 m3; $18k-$22k\/day\u003c\/td\u003e\n\u003ctd\u003eAsia arbitrage capture\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRail NGL\u003c\/td\u003e\n\u003ctd\u003e120,000 bpd (+15% YoY)\u003c\/td\u003e\n\u003ctd\u003eExpands export capacity\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eDigital portals\u003c\/td\u003e\n\u003ctd\u003e65% adoption\u003c\/td\u003e\n\u003ctd\u003e-30% admin cost\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eB2B sales\/trading\u003c\/td\u003e\n\u003ctd\u003eCAD 420M gross margin\u003c\/td\u003e\n\u003ctd\u003eSecures contracts, hedges\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eustomer Segments\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eResidential and Small Business Utility Users\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThis segment covers millions of households and small businesses using natural gas for heating, cooling and cooking; AltaGas's regulated utilities served ~1.1 million customers in 2024 in Canada and the US, delivering stable, price‑regulated volumes that generated about CAD 1.2 billion of utility revenue in 2024 and showed \u0026lt;1% annual demand volatility versus GDP swings.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eUpstream Oil and Gas Producers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eUpstream oil and gas producers operating in resource-rich basins rely on AltaGas's midstream network-5,000+ km of pipelines and 1.2 million barrels\/day equivalent processing capacity (2025 guidance)-to move, process, and fractionate production to domestic and export markets. This segment drives throughput volumes and EBITDA, accounting for roughly 60% of AltaGas's midstream throughput and directly supporting 2024-25 midstream revenue of about CAD 1.1 billion.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAsian Energy Importers and Distributors\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eLarge importers and distributors in Japan, South Korea, and China - accounting for ~35% of Asia Pacific LPG imports in 2024 (IEA) - seek North American propane and butane for residential heating, transport fuel and petrochemical feedstock; AltaGas can sell stable volumes via 2024 export capacity ~1.6 Mtpa (Canada) and competitive FOB pricing often $50-$120\/t below Middle East spot in 2024. \u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLarge Industrial and Commercial Consumers\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cplarge industrial and commercial customers-manufacturing plants hospitals large office complexes-demand reliable supply custom delivery schedules competitive rates in altagas served customers consuming\u003e500 GWh\/year in select regions and reported commercial segment margin stability of ~8%.\n\u003cp class=\"lst_crct\"\u003e\u003c\/p\u003e\u003cli\u003eHigh demand: \u0026gt;500 GWh\/year per site\u003c\/li\u003e\u003cli\u003eCustom delivery \u0026amp; scheduling\u003c\/li\u003e\u003cli\u003eDirect procurement common\u003c\/li\u003e\u003cli\u003ePriority: reliability + competitive rates\u003c\/li\u003e\u003cli\u003e2024 commercial margin ~8%\u003c\/li\u003e\n\u003c\/plarge\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003ePower Generation Facilities\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eNatural-gas-fired power plants consume large, steady gas volumes for baseload and ramping; as coal retirements continue (US coal generation fell 20% from 2015-2023) gas plants now supply ~40% of US non-hydro firm power in 2024. AltaGas provides transmission and storage capacity-serving plants that need peak-day withdrawals often \u0026gt;100 MMcf\/d-and earns steady transport and storage fees tied to long-term contracts.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eHigh-volume demand: peak burns \u0026gt;100 MMcf\/d\u003c\/li\u003e\n\u003cli\u003eMarket role: ~40% of US firm non-hydro power (2024)\u003c\/li\u003e\n\u003cli\u003eRevenue: stable transport\/storage fees via long-term contracts\u003c\/li\u003e\n\u003cli\u003eValue: supports renewables by providing flexible ramping and reliability\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Customer-Segments-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eIntegrated energy platform: 1.1M customers, global LPG reach, 1.2M bpd-e capacity\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRetail households \u0026amp; small biz (1.1M customers, CAD1.2B utility revenue 2024); upstream producers (5,000+ km pipelines, 1.2M bpd-e capacity 2025 guidance; ~60% midstream throughput); APAC LPG importers (~35% of regional imports 2024; export capacity 1.6 Mtpa); large commercial (\u0026gt;500 GWh sites; ~8% margin 2024); power plants (peak \u0026gt;100 MMcf\/d; gas ≈40% US firm non‑hydro 2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey metric\u003c\/th\u003e\n\u003cth\u003e2024\/25\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetail\u003c\/td\u003e\n\u003ctd\u003eCustomers \/ revenue\u003c\/td\u003e\n\u003ctd\u003e1.1M \/ CAD1.2B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eUpstream\u003c\/td\u003e\n\u003ctd\u003ePipeline \/ capacity\u003c\/td\u003e\n\u003ctd\u003e5,000+ km \/ 1.2M bpd-e\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAPAC\u003c\/td\u003e\n\u003ctd\u003eExport cap \/ share\u003c\/td\u003e\n\u003ctd\u003e1.6 Mtpa \/ ~35%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eCommercial\u003c\/td\u003e\n\u003ctd\u003eSite use \/ margin\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;500 GWh \/ ~8%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePower\u003c\/td\u003e\n\u003ctd\u003ePeak \/ market role\u003c\/td\u003e\n\u003ctd\u003e\u0026gt;100 MMcf\/d \/ ~40%\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eost Structure\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eInfrastructure Capital Expenditures\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eA large share of AltaGas's cost structure goes to building pipelines, processing plants and export terminals; capital spending totaled about CAD 675 million in 2024, driven by projects to grow the utilities rate base and midstream capacity. These are multi‑year, long‑lived investments, so disciplined project execution and cost control are essential to protect returns and target regulated ROE and midstream EBITDA margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eOperations and Maintenance Expenses\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cpoperations and maintenance expenses cover daily labor equipment repairs continuous facility monitoring across altagas gas transmission midstream assets in reported operations expense of cad million about operating costs. regular reduces failure risk extends asset life these recurring costs directly feed utility rate-making margins typically representing tariffed revenue drivers.\u003e\n\u003c\/poperations\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eCommodity Procurement and Fuel Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas buys gas and liquids for its marketing arm and operations, with 2024 commodity purchases tied to ~USD 3.5-4.0\/MMBtu Henry Hub volatility and Alberta AECO spreads that swung ±25% year-over-year, though most procurement costs are passed through to regulated utility customers. Efficient fuel use at processing plants cut fuel-related operating expense by ~6% in 2024, lowering cash operating costs and protecting margins.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulatory and Compliance Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAltaGas spends tens to hundreds of millions annually on regulatory and compliance activities-inspection programs, emissions monitoring, and legal\/administrative costs-driven by multi-jurisdictional rules in Canada and the U.S.; compliance is essential to retain operating licences and avoid fines.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 capex\/opex slice: ~5-12% on safety\/environment (company-wide estimate)\u003c\/li\u003e\n\u003cli\u003eInspections \u0026amp; monitoring: recurring sensor, lab, and reporting costs\u003c\/li\u003e\n\u003cli\u003eRegulatory hearings: legal and staff time, plus potential remediation capital\u003c\/li\u003e\n\u003cli\u003eNon-compliance risk: fines, shutdowns, reputational damage\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDebt Servicing and Financing Costs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eAltaGas faces sizable interest on long-term debt-CAD 1.9bn net debt at Dec 31, 2024 implied ~CAD 120-150m annual interest assuming 6-8% effective rate-so debt servicing is a core cost.\u003c\/p\u003e\n\u003cp\u003eThe company targets an optimized capital structure to lower WACC and keeps an investment-grade rating (S\u0026amp;P BBB- as of 2024) to secure cheaper financing for growth.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eNet debt ~CAD 1.9bn (2024)\u003c\/li\u003e\n\u003cli\u003eEstimated annual interest CAD 120-150m\u003c\/li\u003e\n\u003cli\u003eWACC reduction via debt\/equity mix\u003c\/li\u003e\n\u003cli\u003eS\u0026amp;P rating BBB- (2024) aids access to capital\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Cost-Structure-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas 2024: CAD675M Capex, CAD412M O\u0026amp;M, CAD1.9B Net Debt, S\u0026amp;P BBB-\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas cost base: 2024 capex CAD 675m; O\u0026amp;M CAD 412m (28%); commodity exposure ~USD 3.5-4.0\/MMBtu; safety\/environment 5-12% of spend; net debt CAD 1.9bn with estimated interest CAD 120-150m; S\u0026amp;P BBB- (2024).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eMetric\u003c\/th\u003e\n\u003cth\u003e2024\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eCapex\u003c\/td\u003e\n\u003ctd\u003eCAD 675m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eO\u0026amp;M\u003c\/td\u003e\n\u003ctd\u003eCAD 412m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eNet debt\u003c\/td\u003e\n\u003ctd\u003eCAD 1.9bn\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eInterest\u003c\/td\u003e\n\u003ctd\u003eCAD 120-150m\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eR\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eevenue Streams\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eRegulated Utility Distribution Tariffs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eThe bulk of AltaGas's revenue comes from government‑approved distribution tariffs charged for natural gas delivery, intended to recover operating costs and yield a regulated return on invested capital; in 2024 AltaGas reported approximately CAD 1.1 billion in utility revenue, underpinning cash flow stability. These tariffs are highly predictable, covering O\u0026amp;M, depreciation, and a set allowed ROE (typically ~8-10%), and form the core of the company's financial backbone.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMidstream Processing and Fractionation Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eAltaGas earns midstream revenue by charging upstream producers fixed per-Mcf processing and gathering fees or percent-of-proceeds contracts; in 2024 AltaGas reported propane-plus throughput of ~1.2 billion cubic feet per day equivalent and midstream fee revenue of CAD 380 million, driven by rising Montney and Duvernay activity where capital spending hit CAD 3.4 billion in 2023, so higher throughput boosts margins and fee stability.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLPG Export Margins and Arbitrage\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eRevenue comes from capturing price spreads between North American NGLs and Asian markets; AltaGas earned estimated LPG export margins of about US$120-180\/ton in 2023 when Brent-linked Asian propane traded at premiums, translating to roughly C$60-90\/ton after logistics.\u003c\/p\u003e\n\u003cp\u003eThe company books a margin on each ton of propane\/butane shipped via its marine terminals, giving upside: in 2023 exports boosted segment EBITDA by an estimated C$70-120 million when spreads widened over 2022 averages.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eStorage and Logistics Service Fees\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eAltaGas earns fee revenue by charging third parties for storage caverns, rail terminals and pipeline capacity, supporting inventory management and product transport; fee-based midstream income was about CAD 530 million in 2024, providing steady cash flow less tied to commodity swings.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 fee revenue ~CAD 530m\u003c\/li\u003e\n\u003cli\u003eServices: caverns, rail terminals, pipeline capacity\u003c\/li\u003e\n\u003cli\u003eStable vs commodity prices, supports customer inventory\/transport\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eEnergy Marketing and Optimization Income\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eThe energy marketing team at AltaGas generates revenue by trading physical commodities and optimizing molecule flows across its 2025 Norfolk and BC infrastructure, capturing value from price spreads and regional imbalances; marketing contributed roughly C$145-160 million of EBITDA-equivalent optimization value in 2024-2025. This complements midstream operations by raising asset utilization and shortening cash payback on pipelines and storage.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eTrades physical gas, NGLs, power\u003c\/li\u003e\n\u003cli\u003eCaptures regional price spreads\u003c\/li\u003e\n\u003cli\u003eUses asset flexibility to boost utilization\u003c\/li\u003e\n\u003cli\u003eEstimated C$145-160M EBITDA-equivalent value (2024-2025)\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/CANVAS-Content-Revenue-Streams-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eAltaGas: Stable CAD1.1B utility base + CAD530M midstream and CAD150M marketing upside\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eAltaGas earns stable utility tariffs (~CAD 1.1B utility revenue, 2024) plus midstream fees (CAD 530M fee revenue, 2024) and propane\/NGL export margins (LPG export margins ~US$120-180\/ton in 2023), with marketing optimization adding ~CAD 150M EBITDA-equivalent (2024-2025).\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eStream\u003c\/th\u003e\n\u003cth\u003e2024 value\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eUtility revenue\u003c\/td\u003e\n\u003ctd\u003eCAD 1.1B\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eFee-based midstream\u003c\/td\u003e\n\u003ctd\u003eCAD 530M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMidstream fee revenue\u003c\/td\u003e\n\u003ctd\u003eCAD 380M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMarketing value\u003c\/td\u003e\n\u003ctd\u003eCAD 145-160M\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eExport margins (2023)\u003c\/td\u003e\n\u003ctd\u003eUS$120-180\/ton\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e","brand":"Value Chain Analysis","offers":[{"title":"Default Title","offer_id":57347209953611,"sku":"altagas-business-model-canvas","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1049\/6776\/6347\/files\/altagas-canvas-business-model.webp?v=1779123239","url":"https:\/\/valuechainanalysis.com\/products\/altagas-business-model-canvas","provider":"Value Chain Analysis","version":"1.0","type":"link"}