Dominion Energy beats Q1 estimates, affirms 2025 guidance

Published 01/05/2025, 12:38
Dominion Energy beats Q1 estimates, affirms 2025 guidance

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.