Compounding Long-term Dividends at 5-7% CAGR
2024 Guidance Puts & Takes
Tailwinds
Headwinds
Export Tolling & Merchant Volumes
Global Export Margins
✓ Pipestone I and Dimsdale Contribution
Utility Rate Base Growth
☑Normal Weather (DC & MI)
USD/CAD FX
DC/MD Rate Case Timing
Alaska Sale
As highlighted in
Q3/23, we expect
to achieve results
in the upper half
of the 2023
normalized EBITDA
guidance range.
Lower MVP AFUDC
Interest Expense
Notes: 1) Non-GAAP financial measure; see discussion in the advisories; *See "Forward-looking Information"
AltaGas
Normalized EBITDA¹ Guidance
-
$1,500 $1,600
($ millions)
Utilities: ~55% - 57%
$1,675 - $1,775
Utilities:
~ 53% - 57%
Midstream: ~43% - 45%
Midstream: ~43% - 47%
2023E
2024E
Normalized EPS¹ Guidance
$2.05 - $2.25
$1.85 - $2.05
5-year 11.5% CAGR
2019
2020
2021
2022
2023E
2024E
Positioned to Deliver Top Quartile Y/Y EBITDA and EPS Growth in 2024 vs. Energy Infrastructure Peers
60View entire presentation