Dominion Energy reports mixed Q3 results, shares dip premarket

RICHMOND - Dominion Energy (NYSE:D ) reported third-quarter earnings that beat estimates but revenue that fell short, while narrowing its full-year guidance range. The utility company's stock fell 1.24% following the release.

Dominion Energy posted adjusted earnings per share of $0.98 for the third quarter, surpassing analyst expectations of $0.93. However, revenue came in at $3.94 billion, below the consensus estimate of $4.18 billion.

The company narrowed its full-year 2024 operating earnings guidance range to $2.68 to $2.83 per share. This compares to the analyst consensus of $2.77 per share.

"We delivered solid third-quarter results that were in line with our expectations," said Robert M. Blue, chair, president and CEO of Dominion Energy. "We remain focused on executing our regulated investment strategy to meet our customers' needs."

For the quarter, Dominion Energy Virginia, the company's largest segment, saw operating earnings increase to $662 million from $535 million a year ago, driven primarily by rider equity return and nuclear production tax credits.

The company reaffirmed its full-year 2025 operating earnings guidance range of $3.25 to $3.54 per share.

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Source: Investing.com