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Waste Management Mulls $3B Sale Of RNG Business: Report

Waste Management Mulls $3B Sale Of RNG Business: Report

废物管理考虑出售30亿美元的随机天然气业务:报告
Benzinga ·  05/17 19:18

Waste Management, Inc. (NYSE:WM) reportedly explored divestment of its renewable natural gas business that could be worth about $3 billion.

据报道,废物管理公司(纽约证券交易所代码:WM)正在探索剥离其价值约30亿美元的可再生天然气业务。

The company is working with JP Morgan Chase & Co. (NYSE:JPM) to gauge interest from potential energy companies and private equity firms, reported Reuters.

该公司正在与摩根大通合作。路透社报道,纽约证券交易所代码:JPM)将评估潜在能源公司和私募股权公司的兴趣。

As per the report, Waste Management aims to offload the rights to develop RNG operations on 115 landfills that it owns, adding the company would retain ownership of the landfills.

根据该报告,废物管理的目标是放弃在其拥有的115个垃圾填埋场上发展可再生天然气业务的权利,并补充说,该公司将保留垃圾填埋场的所有权。

If the deal talks conclude successfully, it would mark one of the biggest-ever asset sales in the nascent U.S. RNG industry, as per the report.

报告称,如果交易谈判成功结束,这将是美国新兴的RNG行业有史以来最大的资产出售之一。

The company's RNG unit currently generates about $150 million of EBITDA and projects that the unit would contribute over $500 million of adjusted earnings before interest, tax, depreciation and amortization (EBITDA) by 2026.

该公司的RNG部门目前产生约1.5亿美元的息税折旧摊销前利润,预计到2026年,该部门将贡献超过5亿美元的扣除利息、税项、折旧和摊销前的调整后收益(EBITDA)。

As per the report, Waste Management is hoping the unit's valuation to be comparable to, or exceed, the earnings multiple at which Morrow Renewables sold RNG operations at landfills to Enbridge Inc (NYSE:ENB) in late 2023.

根据该报告,废物管理部门希望该单位的估值能够与2023年底莫罗可再生能源在垃圾填埋场向恩布里奇公司(纽约证券交易所代码:ENB)出售垃圾填埋场的RNG业务的收益倍数相当,甚至超过该收益倍数。

Investors can gain exposure to the stock via VanEck Environmental Services ETF (NYSE:EVX) and IShares U.S. Utilities ETF (NYSE:IDU).

投资者可以通过VanEck环境服务ETF(纽约证券交易所代码:EVX)和iShares美国公用事业ETF(纽约证券交易所代码:IDU)获得股票敞口。

Price Action: WM shares are up 0.17% at $212.56 premarket at the last check Friday.

价格走势:在周五的最后一次盘前支票中,WM股价上涨0.17%,至212.56美元。

译文内容由第三方软件翻译。


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