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Dominion Energy Q4 Earnings: Revenue Miss, Higher Costs, Weather Challenges And More
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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.

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