Dominion Midstream Partners Announces Third-Quarter 2016 Earnings

Dominion Resources (D) Tops Q3 EPS by 7c

Dominion Resources (NYSE: D) reported Q3 EPS of $1.14, $0.07 better than the analyst estimate of $1.07. Revenue for the quarter came in at $3.13 billion versus the consensus estimate of $3.26 billion.

For earnings history and earnings-related data on Dominion Resources (D) click here.

Dominion Midstream Partners (DM) Announces 12M LP Units Offering

Dominion Midstream Partners, LP (NYSE: DM), a Delaware limited partnership and a subsidiary of Dominion Resources, Inc. (NYSE: D), announced 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 from this offering, including any net proceeds... More

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

Dominion Midstream Partners, LP (NYSE: DM) and Dominion Resources, Inc. (NYSE: D) 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 intends to finance the acquisition through the following... More