Dominion Midstream Partners (DM) to Acquire Questar Pipeline in ~$1.73B Deal

Dominion Midstream to Acquire Questar Pipeline

RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM), and Dominion Resources, Inc. (NYSE: D), today announced an agreement in which Dominion Midstream will acquire Questar Pipeline, LLC, from Dominion for consideration of approximately $1.725 billion, including indebtedness of Questar Pipeline as part of the transaction value. The acquisition has an anticipated effective date of Dec. 1, 2016. The board of directors of Dominion and the board of directors and Conflicts Committee of Dominion Midstream GP, LLC, the general partner of Dominion Midstream, have approved the transaction.

Dominion Midstream... More

Dominion Midstream Partners to Offer Limited Partnership Units

RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM), a Delaware limited partnership and a subsidiary of Dominion Resources, Inc. (NYSE: D), announced today that it has commenced a public offering of 12,000,000 limited partnership units representing limited partner interests (common units) pursuant to an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC). Dominion Midstream expects to grant the underwriters an option to purchase up to 1,800,000 additional common units (the option).  Dominion Midstream intends to use the net proceeds... More

Dominion Midstream Partners Announces Third-Quarter 2016 Earnings

RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $24.3 million, or 30 cents per common limited partner unit for the three months ended Sept. 30, 2016.  Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) was $27.9 million, and distributable cash flow was $24.1 million for the quarter.

Dominion Midstream uses Adjusted EBITDA and distributable cash flow as the primary performance measurements of its earnings and results for public communications with analysts and investors.  Dominion Midstream also uses Adjusted EBITDA and... More

Dominion Announces Third-Quarter Earnings

RICHMOND, Va., Oct. 31, 2016 /PRNewswire/ -- Dominion Resources (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Sept. 30, 2016, of $690 million ($1.10 per share) compared with earnings of $593 million ($1.00 per share) for the same period in 2015. 

Operating earnings for the three months ended Sept. 30, 2016, amounted to $716 million ($1.14 per share), compared to operating earnings of $611 million ($1.03 per share) for the same period in 2015.  Operating earnings are defined as reported earnings adjusted for certain items.   

The principal difference between reported earnings... More