Research archive for BRKB

Warren Buffett has decided to spend some of his company's $137 billion cash pile in a $9.7 billion deal to acquire Dominion Energy's natural gas transmission and storage business. Berkshire Hathaway Energy is going to pay about $4 billion in cash and take on $5.7 billion of Dominion's existing debt.

Last week Berkshire Hathaway reported record quarterly numbers. As you well know, this is Warren Buffett's behemoth conglomerate that now sits on a record $128bn in cash.

Warren Buffett's investment conglomerate, Berkshire Hathaway came out with a strong set of numbers for the third quarter. Operating profit doubled in the third quarter, to $6.9 billion year-on-year. This is all thanks to lower taxes and fewer natural disasters on the insurance side of the business. Including investment gains, profits jumped to a mouthwatering $18.5 billion.