Dominion Midstream Partners (DM) Tops Q3 EPS by 2c
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Dominion Midstream Partners Announces Fourth-Quarter 2015 Earnings
February 1, 2016 7:06 AM ESTRICHMOND, Va., Feb. 1, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $25.1 million, or $0.32 per common limited partner unit for the three months ended Dec. 31, 2015. Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) was $23.6 million and distributable cash flow was $24.7 million for the quarter.
Dominion Midstream uses Adjusted EBITDA and distributable cash flow as the primary performance measurement of its earnings and results for public communications with analysts and investors. Dominion Midstream also uses Adjusted EBITDA and distributable cash... More
Dominion Announces Fourth-Quarter and Full-Year 2015 Earnings
February 1, 2016 7:05 AM ESTRICHMOND, Va., Feb. 1, 2016 /PRNewswire/ -- Dominion Resources (NYSE: D) today announced operating earnings for the three months ended Dec. 31, 2015, of $416 million ($0.70 per share), compared to operating earnings of $490 million ($0.84 per share) for the same period in 2014. Operating earnings are defined as reported earnings, determined in accordance with Generally Accepted Accounting Principles (GAAP), adjusted for certain items.Â
Unaudited reported GAAP earnings for the three months ended Dec. 31, 2015, were $357 million ($0.60 per share) compared with earnings of $243 million ($0.42 per share) for the same period in 2014.Â
Dominion uses operating earnings as the primary performance... More
Dominion Resources, Questar Corporation to Combine
February 1, 2016 7:01 AM ESTRICHMOND, Va., Feb. 1, 2016 /PRNewswire/ --Â Dominion Resources, Inc. (NYSE: D) and Questar Corporation (NYSE: STR) today announced an agreement for the companies to combine, in an all-cash transaction in which Dominion has agreed to pay Questar shareholders $25 per share about $4.4 billion and assume Questar's outstanding debt.
The transaction would be accretive to Dominion upon closing expected by year-end 2016 with limited impact on the company's balance sheet. Dominion intends to finance the transaction in a manner that supports the company's existing credit ratings targets, using equity, mandatory... More
