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RICHMOND, Va. - Dominion Energy, Inc. (NYSE:D) reported first-quarter 2025 earnings that surpassed analyst expectations, driven by strong operational performance. The company’s stock edged up 1% following the announcement.
The Virginia-based utility company posted adjusted earnings per share (EPS) of $0.93, beating the analyst consensus of $0.77 by $0.16. Revenue for the quarter came in at $4.08 billion, surpassing the estimated $3.78 billion and marking a significant increase from the same period last year.
Dominion Energy reaffirmed its full-year 2025 operating earnings guidance range of $3.28 to $3.52 per share, with the midpoint of $3.40 slightly above the analyst consensus of $3.39. The company also maintained all financial guidance provided during its fourth quarter 2024 earnings call, including projections related to earnings, credit, and dividend.
"Our first-quarter results demonstrate the strength and resilience of our business model," said Robert M. Blue, chairman, president, and chief executive officer. "We remain focused on delivering clean, reliable, and affordable energy to our customers while creating value for our shareholders."
The company reported GAAP net income of $646 million, or $0.75 per share, for the first quarter of 2025, compared to $441 million, or $0.50 per share, in the same period of 2024. The difference between GAAP and operating earnings was attributed to factors such as gains and losses on nuclear decommissioning trust funds and mark-to-market impacts of economic hedging activities.
Dominion Energy’s solid performance and maintained guidance suggest a stable outlook for the utility provider in the face of ongoing economic uncertainties. The modest 1% increase in the stock price indicates a cautiously positive investor response to the earnings report.
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