- Update RICHMOND, Va., Jan. 28, 2019 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), and Dominion Energy Midstream Partners, LP (NYSE: DM), announced today that they have completed their proposed merger pursuant to the definitive merger agreement announced on Nov. 26, 2018. The merger resulted in Dominion Energy acquiring all the outstanding public common units of Dominion Energy Midstream Partners in exchange for Dominion Energy common shares and Dominion Energy Midstream Partners becoming an indirect, wholly owned subsidiary of Dominion Energy.
** charts before earnings **
** charts 5 days after earnings **
- Reports Q1 (Mar) earnings of $0.39 per share, $0.01 better than the Capital IQ Consensus of $0.38; revenues fell 15.4% year/year to $110.1 mln vs the $205.96 mln two analyst estimate.
- Adjusted EBITDA were $79.5 million for the first-quarter, and distributable cash flow was $52.1 million for the quarter. The distribution coverage ratio was 1.23 times at the end of the first-quarter.
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