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年第四季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
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全年实现正常化息税折旧摊销前利润为15.75亿美元，同比增长2.5％。
由于短期债务成本上涨，正常每股收益为1.90美元，略低于指导区间。
AltaGas报告称，第四季度正常息税折旧摊销前利润为5.02亿美元，全年正常化息税折旧摊销前利润为15.75亿美元。
第四季度正常每股收益为0.76美元，而由于利率高于预期，全年正常每股收益为1.90美元，略低于指导区间。
中游业务实现了第四季度正常息税折旧摊销前利润为1.82亿美元，全年正常化息税折旧摊销前利润为6.84亿美元。
公用事业板块公布的第四季度正常息税折旧摊销前利润为3.11亿美元，同比增长6％。
Business Progress:
业务进展：
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推进了各种增长项目，完成了对阿拉斯加公用事业公司的出售，并以超过10亿美元的现金减免债务强化了资产负债表。
该公司与CN签订了为期五年的运输协议，以支持其液化石油气出口，并委托了新的VLGC定期包机，以将总运输成本降低约25％。
它收购了Pipestone的资产，以扩大其在艾伯塔省蒙特尼的足迹，并为全球出口提供额外的液体。
AltaGas在其公用事业业务中投资了7.45亿美元用于系统现代化和新客户连接。
气候举措取得了进展，例如与Opal Fields达成协议，为客户提供低碳燃料。
该公司计划在2024年实现4.5倍的杠杆率目标，并在股权自筹模式下运营。
该公司预计，2024年将部署12亿美元的资本支出，以进一步推动中游和公用事业平台的增长计划。
AltaGas正在实施严格的成本纪律，目标是保持在通货膨胀率以下，同时优先考虑系统的安全性、可靠性和现代化。
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