Dominion Midstream (DM) announced that it expanded the natural gas storage and distribution business through the acquisition of Questar Pipeline from Dominion Resources.
- PR Newswire•2 days ago
RICHMOND, Va., Dec. 1, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (DM), today closed on the transaction to acquire Questar Pipeline, LLC, from Dominion Resources, Inc. (NYSE:D), for $1.725 billion. Cash sources included a previously announced $360 million underwritten public common unit offering, a $137.5 million private placement of common units, and $500 million of convertible preferred units placed with a group of institutional investors led by Stonepeak Infrastructure Partners. The addition of Questar Pipeline – which owns and operates Federal Energy Regulatory Commission-regulated natural gas transmission and storage assets in Colorado, Utah and Wyoming – is expected to be immediately accretive to Dominion Midstream's distributable cash flow per unit.
- Market Realist•15 days ago
Dominion Midstream Partners’ (DM) operations are capital intensive. It requires investments to expand, upgrade, or maintain its existing operations.
DM : Summary for Dominion Midstream Partners, LP - Yahoo Finance
Dominion Midstream Partners, LP (DM)
NYSE - NYSE Delayed Price. Currency in USD
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|Bid||26.85 x 300|
|Ask||30.00 x 500|
|Day's Range||26.10 - 27.20|
|52 Week Range||23.12 - 35.88|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||22.33|
|Dividend & Yield||0.99 (3.79%)|
|1y Target Est||N/A|