Earnings Call Summary | ALTAGAS LTD(ATGFF.US) Q4 2023 Earnings Conference
Earnings Call Summary | ALTAGAS LTD(ATGFF.US) Q4 2023 Earnings Conference
The following is a summary of the AltaGas Ltd. (ATGFF) Q4 2023 Earnings Call Transcript:
以下是AltaGas有限公司（ATGFF）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
AltaGas achieved normalized EBITDA of $1.575 billion for the year, a 2.5% increase year over year.
Normalized EPS was $1.90 per share, slightly below the guidance range due to higher short-term debt costs.
AltaGas reported Q4 normalized EBITDA of $502 million and full year normalized EBITDA of $1.575 billion.
The Q4 normalized EPS was $0.76, while the full year normalized EPS of $1.90 was slightly below the guidance range because of higher than expected interest rates.
Midstream operations delivered Q4 normalized EBITDA of $182 million and a full year normalized EBITDA of $684 million.
Utility segment posted Q4 normalized EBITDA of $311 million, representing a 6% YoY increase.
AltaGas全年實現正常化息稅折舊攤銷前利潤爲15.75億美元，同比增長2.5％。
由於短期債務成本上漲，正常每股收益爲1.90美元，略低於指導區間。
AltaGas報告稱，第四季度正常息稅折舊攤銷前利潤爲5.02億美元，全年正常化息稅折舊攤銷前利潤爲15.75億美元。
第四季度正常每股收益爲0.76美元，而由於利率高於預期，全年正常每股收益爲1.90美元，略低於指導區間。
中游業務實現了第四季度正常息稅折舊攤銷前利潤爲1.82億美元，全年正常化息稅折舊攤銷前利潤爲6.84億美元。
公用事業板塊公佈的第四季度正常息稅折舊攤銷前利潤爲3.11億美元，同比增長6％。
Business Progress:
業務進展：
AltaGas advanced various growth projects, closed the sale of its Alaskan utility, and strengthened its balance sheet with more than $1 billion in cash for debt reduction.
The company entered a five-year transportation agreement with CN to support its LPG exports and commissioned a new VLGC time charter to reduce total shipping costs by approximately 25%.
It acquired Pipestone assets to expand its footprint in Alberta Montney and provide additional liquids for global exports.
AltaGas invested $745 million in system modernization and new customer connections in its utilities business.
There's progression on climate initiatives such as the deal with Opal Fields to provide low-carbon fuel for customers.
The company plans to achieve a 4.5 times leverage target and operate under an equity self-funding model in 2024.
The company anticipates deploying a CapEx of $1.2 billion in 2024 to further growth initiatives across Midstream and Utilities platforms.
AltaGas is implementing strict cost discipline and aims to stay under the inflation run rate while prioritizing safety, reliability, and modernization of their systems.
AltaGas推進了各種增長項目，完成了對阿拉斯加公用事業公司的出售，並以超過10億美元的現金減免債務強化了資產負債表。
該公司與CN簽訂了爲期五年的運輸協議，以支持其液化石油氣出口，並委託了新的VLGC定期包機，以將總運輸成本降低約25％。
它收購了Pipestone的資產，以擴大其在艾伯塔省蒙特尼的足跡，併爲全球出口提供額外的液體。
AltaGas在其公用事業業務中投資了7.45億美元用於系統現代化和新客戶連接。
氣候舉措取得了進展，例如與Opal Fields達成協議，爲客戶提供低碳燃料。
該公司計劃在2024年實現4.5倍的槓桿率目標，並在股權自籌模式下運營。
該公司預計，2024年將部署12億美元的資本支出，以進一步推動中游和公用事業平台的增長計劃。
AltaGas正在實施嚴格的成本紀律，目標是保持在通貨膨脹率以下，同時優先考慮系統的安全性、可靠性和現代化。
More details: ALTAGAS LTD IR
更多詳情： ALTAGAS LTD IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。