Enbridge Entered Into Three Separate Definitive Agreements With Dominion Energy, Inc. To Acquire EOG, Questar And PSNC For An Aggregate Purchase Price Of $14.0B, Comprised Of $9.4B Of Cash Consideration And $4.6B Of Assumed Debt
Portfolio Pulse from Happy Mohamed
Enbridge Inc. has entered into three separate agreements with Dominion Energy, Inc. to acquire EOG, Questar and PSNC for an aggregate purchase price of $14.0 billion. The acquisitions will double the scale of Enbridge's gas utility business to approximately 22% of its total adjusted EBITDA. The company expects the acquisitions to be accretive to its financial DCFPS and adjusted EPS outlook in the first full year of ownership.
September 05, 2023 | 8:12 pm
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POSITIVE IMPACT
Dominion Energy's sale of EOG, Questar and PSNC to Enbridge will result in a significant cash inflow.
The sale of EOG, Questar and PSNC to Enbridge will result in a significant cash inflow for Dominion Energy. This could potentially boost its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Enbridge's acquisition of EOG, Questar and PSNC will significantly expand its gas utility business and is expected to be accretive to its financial outlook.
The acquisition will double the scale of Enbridge's gas utility business and is expected to be accretive to its financial outlook in the first full year of ownership. This could potentially boost its stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100