Share
Explore BrainMass

AltaGas Financial Analysis

Please help with this project. Here is the requirement below:

Provide a financial Statement Analysis based on a minimum of 5 years of financial data and your observations from the point view of an investor. You are required to include Alta's 2014 annual financial statements.

Please go to http://www.altagas.ca/. You will also want to visit Sedar: www.sedar.com which is the Canadian filing repository.

Please include of the sources your have used to get the information.

Solution Preview

See attached file for better table representation.

Financial Statement Analysis : Alta Gas
Alta Gas has grown tremendously from just two gas service contracts to over $8 billion in operating assets that span the full energy value chain. The company has a portfolio of gas, power, and utilities assets.
• Gas Segment: Alta's gas segment gathers, processes, transports, stores and markets natural gas and natural gas liquids touching more than 2Bcf/d of natural gas in Canada ("Investors", n.d)
• Power Segment: The power segment is comprised of over 1400 MW across five fuel types ("Investors", n.d)
• Utilities Segment: Alta Gas owns and operates utilities in Alberta, British Columbia, Nova Scotia, Michigan and Alaska ("Investors", n.d)
Financial Analysis
($ millions except per share amounts) 2014 2013 2012 2011 2010
Income Statement
Revenue 2,406 2,043
1,450
1,280
1,192

Net Revenue 1,019 960 665 513 505

EBITDA 564 539 319 257 235

EBITDA per basic share $4.45 $4.64 $3.36 $3.06 $2.88

Operating income 264 360 214 175 152
Gas 69 96 94 105 95
Power 80 117 77 87 76
Utility 166 184 81 24 25
Corporate (50) (38) (37) (41) (44)

Net income 96 182 102 83 117
Net income per basic share $0.75 ...

Solution Summary

This solution of 753 words provides a financial analysis of AltaGas. References used are included.

$2.19