Dominion Energy Inc

D: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$23.00	Hyhmgym	Xdfyjqzgb

Dominion Energy: Natural Gas Distribution Sale Highlights End of Strategic Review

Andrew Bischof

Sep 6, 2023

We keep our $56 per share fair value estimate for Dominion Energy after it agreed to sell three natural gas distribution utilities to Enbridge. Dominion will sell East Ohio Gas Company, Public Service Company of North Carolina, and Questar Gas natural gas distribution utilities for $14 billion, including $4.6 billion in debt. Aftertax proceeds of $8.7 billion will be used to repay parent debt.

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