Veresen reported Distributable Cash Flow (DCF) of $94 mm compared to our estimate of $79 mm; in particular, the Pipeline division outperformed our estimates. Veresen has increased its previously announced Distributable Cash Flow guidance range of $0.94/share to $1.08/share up to a range of $1.03/share to $1.13/share. In an effort to focus on its core natural gas and NGL infrastructure business, Veresen has announced its intention to divest the power business. Veresen’s Board of Director
05 Aug 2016
Releases Strong 2Q16 Results; Looks to Divest Power Business; Suspends DRIP
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Releases Strong 2Q16 Results; Looks to Divest Power Business; Suspends DRIP
Veresen (VSN:TSE) | 0 0 0.0% | Mkt Cap: 5,806m
- Published:
05 Aug 2016 -
Author:
Steven I. Paget -
Pages:
6
Veresen reported Distributable Cash Flow (DCF) of $94 mm compared to our estimate of $79 mm; in particular, the Pipeline division outperformed our estimates. Veresen has increased its previously announced Distributable Cash Flow guidance range of $0.94/share to $1.08/share up to a range of $1.03/share to $1.13/share. In an effort to focus on its core natural gas and NGL infrastructure business, Veresen has announced its intention to divest the power business. Veresen’s Board of Director