Morningstar sells Commodity and Energy Data business for $52.4M, records $45.3M gain

Morningstar, Inc.

Sold Commodity and Energy Data business to ZEMA Global Data Corp for $52.4M on September 30, 2024.
Recorded a $45.3M gain on sale in Q3 2024; business was part of Data and Analytics segment but not a key product area.
Divestiture expected to be slightly dilutive to Data and Analytics margins; revenue excluded from organic growth calc starting Q4 2024.
Company believes it achieved a positive result and unlocked value for a non-core business; transaction multiple not disclosed.
Other Q&A topics include PitchBook vs Hamilton Lane Cobalt, ESG independence, net zero goals, and board independence.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.