Waste Management Mulls $3B Sale Of RNG Business: Report
Waste Management Mulls $3B Sale Of RNG Business: Report
Waste Management, Inc. (NYSE:WM) reportedly explored divestment of its renewable natural gas business that could be worth about $3 billion.
據報道，廢物管理公司（紐約證券交易所代碼：WM）正在探索剝離其價值約30億美元的可再生天然氣業務。
The company is working with JP Morgan Chase & Co. (NYSE:JPM) to gauge interest from potential energy companies and private equity firms, reported Reuters.
該公司正在與摩根大通合作。路透社報道，紐約證券交易所代碼：JPM）將評估潛在能源公司和私募股權公司的興趣。
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.
根據該報告，廢物管理的目標是放棄在其擁有的115個垃圾填埋場上發展可再生天然氣業務的權利，並補充說，該公司將保留垃圾填埋場的所有權。
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.
報告稱，如果交易談判成功結束，這將是美國新興的RNG行業有史以來最大的資產出售之一。
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.
該公司的RNG部門目前產生約1.5億美元的息稅折舊攤銷前利潤，預計到2026年，該部門將貢獻超過5億美元的扣除利息、稅項、折舊和攤銷前的調整後收益（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.
根據該報告，廢物管理部門希望該單位的估值能夠與2023年底莫羅可再生能源在垃圾填埋場向恩布里奇公司（紐約證券交易所代碼：ENB）出售垃圾填埋場的RNG業務的收益倍數相當，甚至超過該收益倍數。
Investors can gain exposure to the stock via VanEck Environmental Services ETF (NYSE:EVX) and IShares U.S. Utilities ETF (NYSE:IDU).
投資者可以通過VanEck環境服務ETF（紐約證券交易所代碼：EVX）和iShares美國公用事業ETF（紐約證券交易所代碼：IDU）獲得股票敞口。
Price Action: WM shares are up 0.17% at $212.56 premarket at the last check Friday.
價格走勢：在週五的最後一次盤前支票中，WM股價上漲0.17％，至212.56美元。