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AltaGas 2nd-qtr FFO falls on weak prices
July 26, 2012 / 12:30 PM / 5 years ago

AltaGas 2nd-qtr FFO falls on weak prices

July 26 (Reuters) - Canadian energy infrastructure company AltaGas Ltd’s quarterly funds from operations (FFO) fell 14 percent on weaker prices in the natural gas and power markets.

FFO fell to C$39.9 million, or 44 Canadian cents per share, in the second quarter from C$46.5 million, or 56 Canadian cents per share, a year earlier.

Normalized net income applicable to common shares fell 36 percent to C$10.4 million, or 12 Canadian cents per, from C$16.3 million, or 20 Canadian cents per share, a year earlier.

Revenue fell 16 percent to C$271.7 million.

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