Dominion Resources and Questar announced today that the Wyoming Public Service Commission has approved their merger, subject to terms and conditions of an agreed settlement stipulation. Having received the Wyoming PSC's approval of the merger, the companies plan to complete their combination by close of business on Sept. 16, 2016. The proposed [...]
Dominion Resources and Questar announced today that the Public Service Commission of Utah has approved their merger, subject to terms and conditions of an agreed settlement stipulation, thereby moving the proposed combination one step closer to finalization. With the PSC of Utah's action, the final regulatory approval needed to complete the merger [...]
Dominion announced today that it has priced its offering of 25 million 2016 Series A equity units. Each 2016 Series A equity unit will be issued in a stated amount of $50 ($1.25 billion aggregate stated amount) and will consist of a contract to purchase common stock in the future, a 1/40 undivided beneficial ownership interest in Dominion's 2016 [...]
Dominion announced today its intention to offer to sell 25 million equity units, subject to market and other conditions. Each equity unit will be issued in a stated amount of $50 and will consist of a contract to purchase common stock in the future and two 1/40 undivided beneficial ownership interests in remarketable subordinated notes each having [...]
Questar reported second-quarter 2016 net income of $33.1 million, or $0.19 per diluted share. This included $2.3 million of after-tax merger and restructuring costs. Excluding these costs, adjusted earnings were $35.4 million, or $0.20 per adjusted diluted share, compared to second-quarter 2015 net income of $40.6 million, or $0.23 per diluted [...]
Questar Corp.’s (NYSE:STR) board of directors today approved a $0.22 (22 cents) quarterly common stock cash dividend. The dividend, payable September 12, 2016, to shareholders of record on August 19, 2016, is the same as the previous quarter. This is the company’s 287th consecutive dividend. Directors also approved a contingent cash [...]
Shareholders of Questar today voted overwhelmingly to approve the company's combination with Dominion Resources during a special meeting of shareholders at Questar's Salt Lake City headquarters. Over 80 percent of the outstanding shares voted, with 96.6 percent approving the proposed merger. Questar and Dominion announced the merger on Feb. 1 [...]
Questar Corp. (NYSE:STR) reported first-quarter 2016 net income of $78.5 million, or $0.45 per diluted share. This included $9.0 million of after tax merger-related charges. Excluding these charges, adjusted earnings were $87.5 million, or $0.50 per adjusted diluted share, compared to first-quarter 2015 net income of $84.6 million, or $0.48 per [...]
- Craig C. Wagstaff to become president following Dominion-Questar combination - Colleen Larkin Bell to succeed Wagstaff as head of local gas utility - Brady B. Rasmussen to remain head of natural gas development subsidiary - Operating headquarters to remain in Salt Lake City. Dominion has chosen longtime Questar executive Craig C. Wagstaff to lead [...]
Questar board of directors today announced that Chairman Ronald W. Jibson intends to retire upon the completion of the company’s merger with Dominion. Jibson also serves as president and chief executive officer of the Salt Lake City-based integrated energy company, which announced on Feb. 1, 2016, it is combining with Virginia-based Dominion [...]
Questar Corp.’s (NYSE:STR) board of directors today approved a $0.22 (22 cents) quarterly common stock cash dividend. The dividend, payable June 20, 2016, to shareholders of record on June 3, 2016, is the same as the previous quarter. This is the company’s 286th consecutive dividend. Questar is a Rockies-based integrated natural gas [...]
Questar Corp. (NYSE: STR) will host a teleconference and webcast to discuss first-quarter results beginning at 9:30 a.m. ET (7:30 a.m. MT) on Thursday, April 28, 2016. Ronald W. Jibson, Questar chairman, president and CEO, and Kevin W. Hadlock, executive vice president and CFO, will make presentations. Questar plans to issue its first-quarter [...]