---
schema_version: "secwatch.filing_event.v1"
accession: "0001289419-24-000121"
form_type: "8-K"
ticker: "MORN"
cik: "0001289419"
company_name: "Morningstar, Inc."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T01:36:35.529560+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001289419-24-000121
- form_type: 8-K
- ticker: MORN
- cik: 0001289419
- company_name: Morningstar, Inc.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000121/0001289419-24-000121-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1289419/000128941924000121/morn-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001289419-24-000121
- JSON: https://secwatch.observer/filing/0001289419-24-000121.json
- Plain text: https://secwatch.observer/filing/0001289419-24-000121.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.