Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
RICHMOND, Va. -On Wednesday, Dominion Energy (NYSE:D) reported fourth-quarter earnings that fell short of analyst expectations, as the utility company faced headwinds from worse-than-normal weather in its regulated service areas.
The company’s stock edged down -1.26% following the release.
Dominion Energy posted adjusted earnings per share of $0.58 for Q4, missing the analyst consensus of $0.62. Revenue came in at $3.4 billion, below estimates of $3.86 billion.
For the full year 2024, the company reported adjusted earnings of $2.77 per share, compared to $1.95 in 2023.
"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," said Bob Blue, chair, president and CEO of Dominion Energy.
Looking ahead, Dominion narrowed its 2025 operating earnings guidance to $3.28 to $3.52 per share, preserving the original midpoint of $3.40. This compares to the analyst consensus of $3.39.
The company reaffirmed its long-term operating earnings per share growth guidance of 5% to 7% through 2029, as well as its existing credit and dividend guidance.
Dominion Energy Virginia, the company’s largest segment, saw its contribution to operating earnings increase by $71 million YoY in Q4, primarily driven by higher rider equity returns and customer-elected rate impacts. This was partially offset by lower customer usage and the sale of a noncontrolling interest.
The utility continues to focus on providing reliable, affordable, and increasingly clean energy while achieving near-record employee safety performance, according to Blue.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.