Loading...

Advertisement

Williams To Acquire MountainWest Pipelines From Southwest Gas In $1.5 Bln Deal

RTTNews | 934 days ago

Williams To Acquire MountainWest Pipelines From Southwest Gas In $1.5 Bln Deal

(RTTNews) - Williams Cos. (WMB) announced Thursday that it has reached an agreement to acquire MountainWest Pipelines Holding Co. from Southwest Gas Holdings, Inc. (SWX), in a transaction including $1.07 billion of cash and $0.43 billion of assumed debt, for an enterprise value of $1.5 billion.

MountainWest comprises roughly 2,000-miles of interstate natural gas pipeline systems primarily located across Utah, Wyoming and Colorado, totaling approximately 8 Bcf/d of transmission capacity.

MountainWest also holds 56 Bcf of total storage capacity, including the Clay Basin underground storage reservoir, providing valuable service to western markets. The acquisition price represents an approximate 8x estimated 2023 EBITDA multiple.

The bolt-on acquisition expands Williams' midstream infrastructure footprint while increasing business mix of FERC-regulated natural gas transmission and storage.

The transaction is expected to close in 2023, following satisfaction of customary closing conditions, including regulatory approvals.

Tags: SWX WMB

read more

Southwest Gas Q4 Results Top Estimates

Southwest Gas Q4 Results Top Estimates

Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the fourth quarter of $72.87 million or $1.01 per share, compared to a net loss of $280.58 million or $4.18 per share in the prior-year quarter.

RTTNews | 494 days ago

Southwest Gas Q2 Results Top Estimates

Southwest Gas Q2 Results Top Estimates

Southwest Gas Holdings, Inc. (SWX) reported Wednesday net income for the second quarter of $28.88 million or $0.40 per share, compared to a net loss of $6.58 million or $0.10 per share in the prior-year quarter. Excluding items, adjusted earnings per share were $0.47 per share, compared to $0.23 per share last year.

RTTNews | 697 days ago

Southwest Gas Prices Of 3.58 Mln Share Underwritten Public Offering At $60.12/share

Southwest Gas Prices Of 3.58 Mln Share Underwritten Public Offering At $60.12/share

Southwest Gas Holdings, Inc. (SWX) announced Wednesday that it has priced an underwritten public offering of 3.58 million shares of its common stock at a public offering price of $60.12 per share, for net proceeds, after the underwriting discount and before the estimated expenses of the offering payable by the Company, of approximately $207.7 million.

RTTNews | 851 days ago

TSX Settles Roughly Flat

TSX Settles Roughly Flat

The Canadian stock market ended flat on Friday, amid uncertainty on US-Canada trade deal even as July 9 deadline set by the US President for tariff agreement is fast approaching.

RTTNews | 1 day ago

Euro Climbs Against Most Majors

Euro Climbs Against Most Majors

The euro firmed against its most major counterparts in the New York session on Friday.

RTTNews | 1 day ago

Swiss Market Ends Slightly Down

Swiss Market Ends Slightly Down

After languishing in negative territory till a little before the final hour of the day's trading session, the Switzerland market managed to emerge into positive zone on Friday but failed to hold firm and eventually settled with a marginal loss.

RTTNews | 1 day ago

European Stocks Close Weak As Tariff Concerns Weigh On Sentiment

European Stocks Close Weak As Tariff Concerns Weigh On Sentiment

European stocks closed lower on Friday amid concerns about U.S. tariffs, and on some disappointing regional economic data.

RTTNews | 1 day ago

TSX Up Marginally After Posting New Record High

TSX Up Marginally After Posting New Record High

The Canadian market is up marginally a little past noon on Friday with investors largely making cautious moves on weak private sector activity report, and amid uncertainty about Trump administration's tariff moves.

RTTNews | 1 day ago

Terms | Privacy | Site Map | Site Map Calendar

© 2025 Myfxbook Ltd. All Rights Reserved.

HIGH RISK WARNING: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all of your initial investment. Do not invest money that you cannot afford to lose. Educate yourself on the risks associated with foreign exchange trading, and seek advice from an independent financial or tax advisor if you have any questions. Any data and information is provided 'as is' solely for informational purposes, and is not intended for trading purposes or advice. Past performance is not indicative of future results.