financetom
Business
financetom
/
Business
/
Dominion Energy Q4 Earnings: Revenue Miss, Higher Costs, Weather Challenges And More
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Dominion Energy Q4 Earnings: Revenue Miss, Higher Costs, Weather Challenges And More
Feb 12, 2025 6:58 AM

Dominion Energy Inc ( D ) reported fourth-quarter revenue of $3.400 billion, missing the consensus of $3.941 billion. 

Operating expenses rose to $3.01 billion from $2.82 billion a year ago.

Adjusted operating earnings rose to $504 million from $260 million in the same period in 2023. Adjusted EPS was $0.58, up from $0.29 a year ago, beating the consensus of $0.56.

Bob Blue, chair, president and chief executive officer of Dominion Energy ( D ), said, “We delivered 2024 operating earnings per share in the top half of our guidance range despite worse-than-normal weather in our regulated service areas.”

”In addition, we continued to successfully provide the reliable, affordable, and increasingly clean energy that powers our customers every day while achieving near-record employee safety performance.”

Recently, the company declared a quarterly dividend of 66.75 cents per share, payable on March 20, to shareholders of record as of February 28.

Outlook: The company revised its 2025 operating earnings guidance range to $3.28 – $3.52 per share (consensus $3.39), maintaining the original midpoint of $3.40 per share, including estimated RNG 45Z income.

The company reaffirmed its long-term operating EPS growth target of 5%–7% through 2029, based on a 2025 midpoint of $3.30 per share excluding RNG 45Z.

Additionally, the company reiterated its credit and dividend guidance.

Investors can gain exposure to the stock via BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF and WBI Power Factor High Dividend ETF ( WBIY ) .

Price Action: Dominion Energy ( D ) shares are down 0.77% at $55.28 premarket at the last check Wednesday.

Read Next:

Meta Boosts Green Energy With New Solar Deal, Supports AI Data Center Growth

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
U.S. regulators mull issues around siting data centers at power plants
U.S. regulators mull issues around siting data centers at power plants
Nov 4, 2024
NEW YORK, Nov 1 (Reuters) - Costs and reliability concerns related to the burgeoning trend of building energy-intensive data centers on the sites of U.S. power plants were the focus of a technical conference held on Friday by the Federal Energy Regulatory Commission. As the technology industry races to deploy data centers needed to roll out technologies like generative artificial...
Friday's Top 5 Trending Stocks: What's The Scoop On Amazon, Trump Media, Intel?
Friday's Top 5 Trending Stocks: What's The Scoop On Amazon, Trump Media, Intel?
Nov 4, 2024
Amazon.com, Inc. ( AMZN ) , Trump Media & Technology Group Corp. ( DJT ) , Intel Corp. ( INTC ) , Apple, Inc. and Super Micro Computer, Inc. ( SMCI ) are the top five trending tickers on Stocktwits Friday. Here's a look at what grabbed retail investors' attention. AMZN Delivers: Amazon ( AMZN ) shares are surging Friday...
Cleveland-Cliffs Completes Stelco Acquisition
Cleveland-Cliffs Completes Stelco Acquisition
Nov 4, 2024
12:36 PM EDT, 11/01/2024 (MT Newswires) -- Cleveland-Cliffs ( CLF ) said Friday it has completed the acquisition of Canadian steel producer Stelco. Stelco will keep its name but operate as a fully-owned unit of Cleveland-Cliffs ( CLF ), the company said. The company's shares were up over 2% in recent trading. Price: 13.30, Change: +0.32, Percent Change: +2.47 ...
Martin Marietta Materials Prices $1.5 Billion Debt Offering
Martin Marietta Materials Prices $1.5 Billion Debt Offering
Nov 4, 2024
12:39 PM EDT, 11/01/2024 (MT Newswires) -- Martin Marietta Materials ( MLM ) on late Thursday announced the pricing of two debt offerings of $750 million each. The company is offering $750 million in 5.15% senior notes due Dec. 1, 2034, and $750 million in 5.5% senior notes due Dec. 1, 2054. The debt will be used to repay the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved