ALTAGAS REPORTS SECOND QUARTER 2023 RESULTS

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RESULTS BY SEGMENT

Normalized EBITDA^{(1) (2)}	Three Months EndedJune 30
($ millions)	2023	2022
Utilities	102	116
Midstream	134	163
Sub-total: Operating Segments	236	279
Corporate/Other	3	(3)
	$ 239	$ 276

(1)	Non‑GAAP financial measure; see discussion in Non‑GAAP Financial Measures section of this new release.
(2)	In the third quarter of 2022, Management changed AltaGas’ non-GAAP policy to remove normalization adjustments relating to acquired contingencies. Prior periods have been restated to reflect this change. Please refer to the Non-GAAP Financial Measures section of this news release for additional details.

Income (Loss) Before Income Taxes		Three Months EndedJune 30
($ millions)	2023	2022
Utilities	105	(9)
Midstream	181	181
Sub-total: Operating Segments	286	172
Corporate/Other	(104)	(87)
	$ 182	$ 85

https://www.newswire.ca/news-releases/altagas-reports-second-quarter-2023-results-881180223.html

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