AltaGas Ltd
AltaGas Ltd. operates as an energy infrastructure company in North America. The company operates through Utilities and Midstream segments. The Utilities segment owns and operates franchised, cost-of-service, rate-regulated natural gas distribution and storage utilities in Maryland, Virginia, Delaware, Pennsylvania, Ohio, and the District of Columbia serving approximately 1.6 million customers. Th… Read more
AltaGas Ltd (ATGFF) - Net Assets
Latest net assets as of September 2025: $9.10 Billion USD
Based on the latest financial reports, AltaGas Ltd (ATGFF) has net assets worth $9.10 Billion USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($26.01 Billion) and total liabilities ($16.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $9.10 Billion |
| % of Total Assets | 34.98% |
| Annual Growth Rate | 17.77% |
| 5-Year Change | 18.08% |
| 10-Year Change | 115.23% |
| Growth Volatility | 22.0 |
AltaGas Ltd - Net Assets Trend (1998–2024)
This chart illustrates how AltaGas Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for AltaGas Ltd (1998–2024)
The table below shows the annual net assets of AltaGas Ltd from 1998 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $9.05 Billion | +15.05% |
| 2023-12-31 | $7.86 Billion | +3.22% |
| 2022-12-31 | $7.62 Billion | +0.22% |
| 2021-12-31 | $7.60 Billion | -0.78% |
| 2020-12-31 | $7.66 Billion | +3.97% |
| 2019-12-31 | $7.37 Billion | -3.55% |
| 2018-12-31 | $7.64 Billion | +64.69% |
| 2017-12-31 | $4.64 Billion | +0.52% |
| 2016-12-31 | $4.62 Billion | +9.81% |
| 2015-12-31 | $4.20 Billion | +17.59% |
| 2014-12-31 | $3.57 Billion | +26.32% |
| 2013-12-31 | $2.83 Billion | +41.49% |
| 2012-12-31 | $2.00 Billion | +46.81% |
| 2011-12-31 | $1.36 Billion | +12.48% |
| 2010-12-31 | $1.21 Billion | +15.46% |
| 2009-12-31 | $1.05 Billion | +9.55% |
| 2008-12-31 | $957.44 Million | +63.75% |
| 2007-12-31 | $584.69 Million | +10.44% |
| 2006-12-31 | $529.42 Million | +10.62% |
| 2005-12-31 | $478.59 Million | -1.02% |
| 2004-12-31 | $483.51 Million | +33.08% |
| 2003-12-31 | $363.33 Million | +8.05% |
| 2002-12-31 | $336.26 Million | +29.23% |
| 2001-12-31 | $260.20 Million | +4.35% |
| 2000-12-31 | $249.35 Million | +8.36% |
| 1999-12-31 | $230.10 Million | +78.65% |
| 1998-12-31 | $128.80 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to AltaGas Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3894.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $7.18 Billion | 82.04% |
| Other Comprehensive Income | $1.16 Billion | 13.20% |
| Other Components | $1.01 Billion | 11.53% |
| Total Equity | $8.75 Billion | 100.00% |
AltaGas Ltd Competitors by Market Cap
The table below lists competitors of AltaGas Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
National Fuel Gas Company
NYSE:NFG
|
$8.07 Billion |
|
Sanrio Company Ltd
PINK:SNROF
|
$8.07 Billion |
|
TENARIS S.A. DL 1
F:TW10
|
$8.07 Billion |
|
Wayfair Inc
NYSE:W
|
$8.07 Billion |
|
BizLink Holding Inc
TW:3665
|
$8.04 Billion |
|
AeroVironment Inc
NASDAQ:AVAV
|
$8.04 Billion |
|
Acuity Brands Inc
NYSE:AYI
|
$8.03 Billion |
|
Watts Water Technologies Inc
NYSE:WTS
|
$8.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in AltaGas Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,713,000,000 to 8,752,000,000, a change of 1,039,000,000 (13.5%).
- Net income of 596,000,000 contributed positively to equity growth.
- Dividend payments of 371,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 760,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $596.00 Million | +6.81% |
| Dividends Paid | $371.00 Million | -4.24% |
| Other Comprehensive Income | $760.00 Million | +8.68% |
| Other Changes | $54.00 Million | +0.62% |
| Total Change | $- | 13.47% |
Book Value vs Market Value Analysis
This analysis compares AltaGas Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 6.08x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | $4.29 | $26.09 | x |
| 1999-12-31 | $7.11 | $26.09 | x |
| 2000-12-31 | $6.30 | $26.09 | x |
| 2001-12-31 | $6.85 | $26.09 | x |
| 2002-12-31 | $7.85 | $26.09 | x |
| 2003-12-31 | $7.96 | $26.09 | x |
| 2004-12-31 | $9.64 | $26.09 | x |
| 2005-12-31 | $8.85 | $26.09 | x |
| 2006-12-31 | $9.54 | $26.09 | x |
| 2007-12-31 | $10.18 | $26.09 | x |
| 2008-12-31 | $13.74 | $26.09 | x |
| 2009-12-31 | $13.21 | $26.09 | x |
| 2010-12-31 | $14.79 | $26.09 | x |
| 2011-12-31 | $15.92 | $26.09 | x |
| 2012-12-31 | $20.35 | $26.09 | x |
| 2013-12-31 | $23.36 | $26.09 | x |
| 2014-12-31 | $27.54 | $26.09 | x |
| 2015-12-31 | $30.05 | $26.09 | x |
| 2016-12-31 | $29.06 | $26.09 | x |
| 2017-12-31 | $26.70 | $26.09 | x |
| 2018-12-31 | $31.53 | $26.09 | x |
| 2019-12-31 | $26.01 | $26.09 | x |
| 2020-12-31 | $25.17 | $26.09 | x |
| 2021-12-31 | $24.67 | $26.09 | x |
| 2022-12-31 | $26.32 | $26.09 | x |
| 2023-12-31 | $27.19 | $26.09 | x |
| 2024-12-31 | $29.29 | $26.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently AltaGas Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 6.81%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.79%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.98x
- Recent ROE (6.81%) is below the historical average (8.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 5.43% | 5.76% | 0.38x | 2.51x | $-5.88 Million |
| 1999 | 4.78% | 4.28% | 0.60x | 1.87x | $-12.01 Million |
| 2000 | 6.99% | 3.45% | 0.88x | 2.29x | $-7.51 Million |
| 2001 | 7.15% | 3.80% | 0.69x | 2.72x | $-7.42 Million |
| 2002 | 8.53% | 5.93% | 0.54x | 2.64x | $-4.94 Million |
| 2003 | 10.55% | 5.41% | 0.77x | 2.53x | $1.99 Million |
| 2004 | 13.61% | 7.66% | 0.78x | 2.29x | $17.45 Million |
| 2005 | 18.87% | 6.01% | 1.41x | 2.23x | $42.43 Million |
| 2006 | 21.63% | 8.40% | 1.23x | 2.10x | $61.57 Million |
| 2007 | 18.61% | 7.64% | 1.19x | 2.05x | $50.33 Million |
| 2008 | 17.08% | 9.00% | 0.84x | 2.26x | $67.83 Million |
| 2009 | 13.47% | 11.14% | 0.48x | 2.51x | $36.42 Million |
| 2010 | 8.36% | 7.48% | 0.49x | 2.27x | $-19.84 Million |
| 2011 | 6.83% | 5.93% | 0.44x | 2.61x | $-42.94 Million |
| 2012 | 5.96% | 8.18% | 0.24x | 3.02x | $-79.21 Million |
| 2013 | 7.20% | 9.80% | 0.28x | 2.61x | $-78.07 Million |
| 2014 | 3.67% | 5.41% | 0.29x | 2.38x | $-224.01 Million |
| 2015 | 1.23% | 2.34% | 0.22x | 2.42x | $-365.70 Million |
| 2016 | 4.44% | 9.25% | 0.22x | 2.23x | $-254.56 Million |
| 2017 | 2.00% | 3.50% | 0.26x | 2.19x | $-365.74 Million |
| 2018 | -6.20% | -10.22% | 0.18x | 3.35x | $-1.14 Billion |
| 2019 | 11.55% | 15.16% | 0.28x | 2.74x | $111.51 Million |
| 2020 | 7.84% | 9.88% | 0.26x | 3.06x | $-152.10 Million |
| 2021 | 4.07% | 2.68% | 0.49x | 3.11x | $-411.90 Million |
| 2022 | 5.35% | 2.83% | 0.59x | 3.21x | $-346.60 Million |
| 2023 | 8.73% | 5.18% | 0.55x | 3.04x | $-98.30 Million |
| 2024 | 6.81% | 4.79% | 0.48x | 2.98x | $-279.20 Million |
Industry Comparison
This section compares AltaGas Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $1,153,039,840
- Average return on equity (ROE) among peers: -11.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| AltaGas Ltd (ATGFF) | $9.10 Billion | 5.43% | 1.86x | $8.06 Billion |
| Antero Midstream Partners LP (AM) | $1.34 Billion | 1.25% | 0.04x | $7.51 Billion |
| ATGPF (ATGPF) | $7.60 Billion | 3.72% | 1.84x | $4.11 Billion |
| Avance Gas Holding Ltd (AVACF) | $112.20 Million | -0.25% | 4.24x | $7.70K |
| CBL International Limited Ordinary Shares (BANL) | $8.43 Million | 42.35% | 2.20x | $3.34 Million |
| BP Prudhoe Bay Royalty Trust (BPT) | $340.19 Million | 9.33% | 0.00x | $2.99 Million |
| Brooge Holdings Ltd (BROG) | $125.13 Million | -65.77% | 1.46x | $32.39 Million |
| Brooge Energy Limited (BROGW) | $56.77 Million | -85.14% | 7.56x | $5.67K |
| Willow Biosciences Inc (CANSF) | $29.68 Million | -20.69% | 0.18x | $2.85 Million |
| Cool Company Ltd (CLCO) | $761.50 Million | 12.89% | 1.95x | $145.96 Million |