Dealert Deals Natural Gas Utilities
Sub-sector · Natural Gas Utilities

Recent Natural Gas Utilities M&A deals

Transactions classified within the Natural Gas Utilities sub-sector. Sectors follow a structured hierarchy so filters and comparable sets stay reproducible.

Deals in this slice
450
Public & account-only records combined
Year range
2026
Across the visible recent transactions
Shown below
10
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Recent transactions

Public snapshots in Natural Gas Utilities

Target Buyer / Investor Sector Geo Transaction size EV / EBITDA
Momentum Midstream Williams Natural Gas Distribution $5,500M 9× – 12×
Brazos Midstream's Permian Midland Basin natural gas gathering and processing assets ONEOK, Inc. Natural Gas Distribution $4,425M 8× – 10×
Edge LNG Sapphire Gas Solutions Natural Gas Distribution $57.0M – $77.0M 6× – 8×
Aethon United Mitsubishi Corporation Natural Gas Distribution $76.0M 8× – 11×
Ascent Resources Energy and Minerals Group Natural Gas Distribution $1,500M 8× – 10×
Metrogas Edenor, José Luis Manzano, Daniel Vila, Mauricio Filiberti Natural Gas Distribution $780M 8× – 10×
WhiteWater’s Solitude Pipeline System joint venture I Squared Capital, FIC Partners Management Natural Gas Distribution n/m
Gas Distribution ČEZ Group Natural Gas Distribution $931M – $1,259M 9× – 12×
MetroGAS Edenor, José Luis Manzano Natural Gas Distribution $780M 7× – 9×
Epic Energy Ltd. Morgan Stanley, Morgan Stanley Investment Management Natural Gas Distribution $980M – $1,320M 11× – 14×
Showing 10 of 450 records in this slice. Create a free account for the full view.
Valuations

Valuation multiples in Natural Gas Utilities

Bins are observed deal frequencies across disclosed transactions. Use as a directional reference, not a target valuation.

Mature companies

EV / EBITDA

6.0×
9
6.5×
8
7.0×
11
7.5×
12
8.0×
14
8.5×
8
9.0×
6
9.5×
4
10.0×
7
10.5×
6
11.0×
4
11.5×
7
12.5×
1
Mean
8.60×
Median
8.21×
P25
7.35×
P75
10.00×
P90
11.25×

EV / EBIT

7.5×
4
8.0×
4
8.5×
7
9.0×
6
9.5×
6
10.0×
13
10.5×
7
11.0×
10
11.5×
9
12.0×
4
12.5×
6
13.0×
2
13.5×
4
14.0×
4
14.5×
3
15.0×
4
15.5×
3
16.0×
1
Mean
11.32×
Median
11.20×
P25
9.60×
P75
12.73×
P90
14.68×

EV / Revenue

0.5×
1
0.8×
17
1.0×
5
1.3×
7
1.5×
10
1.8×
4
2.0×
7
2.3×
6
2.5×
13
2.8×
4
3.0×
5
3.3×
2
3.5×
3
3.8×
4
4.0×
4
4.3×
2
4.8×
3
Mean
2.23×
Median
2.08×
P25
1.35×
P75
2.89×
P90
3.92×

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