| Market Capitalization (Millions $) |
- |
| Shares
Outstanding (Millions) |
- |
| Employees |
1,502 |
| Revenues (TTM) (Millions $) |
- |
| Net Income (TTM) (Millions $) |
80 |
| Cash Flow (TTM) (Millions $) |
0 |
| Capital Exp. (TTM) (Millions $) |
516 |
Business Description
WGL Holdings Inc. is a natural gas utility company that operates in Washington, D.C., Maryland, and Virginia. The company was founded in 1848 and is headquartered in Washington, D.C. WGL Holdings Inc. serves more than1 million customers and has approximately 1,500 employees.
The company operates through its subsidiaries, Washington Gas Light Company, Hampshire Gas Company, and WGL Midstream. Washington Gas Light Company is the largest subsidiary and distributes natural gas to residential, commercial and industrial customers in the Washington, D.C., metropolitan area. Hampshire Gas Company serves the northwestern corner of Virginia with natural gas service. WGL Midstream is responsible for the company's natural gas pipeline and storage assets.
WGL Holdings Inc. has a history of innovation and is committed to reducing greenhouse gas emissions. The company has invested in renewable natural gas and operates the largest public CNG station in North America. WGL Holdings Inc. is also involved in the development of solar projects and energy efficiency programs.
In 2017, WGL Holdings Inc. was acquired by AltaGas Ltd, a Canada-based energy infrastructure company. The acquisition allowed AltaGas to enter the U.S. energy market and expand its natural gas processing business.
Overall, WGL Holdings Inc. is a major player in the natural gas industry and is committed to providing reliable and environmentally sustainable energy solutions to its customers.
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