10:14 AM EST - AltaGas Ltd. : Today reported fourth-quarter and full-year 2019 financial results. Normalized EBITDA was $425 million for the fourth quarter and $1.271 billion for the full-year, a 26% year-over-year increase and near the top of the 2019 guidance range of $1.2 to $1.3 billion. Net loss applicable to common shares was $103 million ($0.37 per share) in the fourth quarter and net income applicable to common shares was $769 million ($2.78 per share) for the full-year. Fourth quarter net loss was negatively impacted by impairments on non-core Power and Midstream assets and higher unrealized losses on risk management contracts. AltaGas Ltd.
shares T.ALA are trading down $0.89 at $20.13.
