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Dominion Energy(D) - 2023 Q4 - Earnings Call Presentation
2024-02-23 05:20
● @ 2015 2019 D Ranking: 2nd T ય 25 Residential Commercial Industrial Govt/Other Total Regulated electric sales trends ✓ Industrial load accounts for < 10% of regulated sales 26 ¹ DEV and DESC combined DE Virginia 2.8M 69% DE South Carolina 1.2M 31% 4.0M state utility customers¹ Weather Actual 1,153 1,346 2,830 3,555 Actual 58 30 1,643 1,765 Actual 434 512 917 1,294 Actual 2 0 725 767 Actual 434 512 917 1,294 Degree days Note: Figures may not sum due to rounding After-tax impacts ($M) 29 | --- | --- | --- | ...
Dominion Energy(D) - 2023 Q4 - Earnings Call Transcript
2024-02-22 19:55
Dominion Energy, Inc. (NYSE:D) Q4 2023 Earnings Conference Call February 22, 2024 10:00 AM ET Company Participants David McFarland - Vice President of Investor Relations Bob Blue - President, Chairman & Chief Executive Officer Steven Ridge - Senior Vice President & Chief Financial Officer Diane Leopold - Executive Vice President & Chief Operating Officer Conference Call Participants Shahriar Pourreza - Guggenheim Partners Nick Campanella - Barclays Jeremy Tonet - JPMorgan Steve Fleishman - Wolfe Research Ro ...
Dominion Energy (D) Q4 Earnings and Revenues Lag Estimates
Zacks Investment Research· 2024-02-22 18:26
Dominion Energy Inc. (D) delivered fourth-quarter 2023 operating earnings of 29 cents per share, which lagged the Zacks Consensus Estimate of 40 cents by 27.5%. Quarterly earnings were lower than the company’s guidance of 35 cents for the quarter. Operating earnings were $1.06 in the year-ago quarter.The GAAP earnings for the fourth quarter were 30 cents compared with 39 cents in the year-ago quarter.Operating earnings of $1.99 for 2023 were down 34.9% year over year from $3.06 in 2022.RevenuesDominion Ener ...
Dominion Energy (D) Q4 Earnings and Revenues Miss Estimates
Zacks Investment Research· 2024-02-22 14:45
Dominion Energy (D) came out with quarterly earnings of $0.29 per share, missing the Zacks Consensus Estimate of $0.40 per share. This compares to earnings of $1.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -27.50%. A quarter ago, it was expected that this energy company would post earnings of $0.78 per share when it actually produced earnings of $0.77, delivering a surprise of -1.28%.Over the last four quarters, the com ...
Stonepeak to Acquire 50% Interest in Dominion Energy&#39;s Coastal Virginia Offshore Wind Project
Businesswire· 2024-02-22 12:30
NEW YORK--(BUSINESS WIRE)--Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has reached an agreement with Dominion Energy (NYSE: D) to acquire a 50% interest in its Coastal Virginia Offshore Wind project (“CVOW” or “the Project”) through the formation of an offshore wind partnership. The Project is expected to be the largest offshore wind farm in the U.S. and one of the largest offshore wind farms globally upon completion. CVOW is a 2. ...
Dominion Energy(D) - 2023 Q4 - Annual Results
2024-02-21 16:00
Exhibit 99 NEWS RELEASE February 22, 2024 Dominion Energy Announces Fourth-Quarter and Full-Year 2023 Earnings, Provides Key Updates on Coastal Virginia Offshore Wind, and Schedules Investor Meeting to Conclude Business Review RICHMOND, Va. – Dominion Energy, Inc. (NYSE: D), today announced unaudited net income determined in accordance with Generally Accepted Accounting Principles (GAAP, or reported earnings) for the three months ended Dec. 31, 2023, of $273 million ($0.30 per share) compared with net incom ...
Dream Office: 50% Stealth Distribution Cut Is Too Little And Perhaps Too Late
Seeking Alpha· 2024-02-20 22:05
Bloomberg/Bloomberg via Getty ImagesNote: All amounts discussed are in Canadian Dollars On our last coverage of Dream Office (OTC:DRETF) (TSX:D.UN:CA), we did not buy into the cheap assets theory and stayed on the sideline. Our rationale was that you were getting office properties for 40% off, but you would do best to wait for an 80% off sale. We also felt the distribution policy being pursued was just plain wrong and a cut was needed to better align capital plans. Dream Office now has a "High" level o ...
Dominion Energy Charitable Foundation Donates $1.3 Million to Environmental Nonprofits
Prnewswire· 2024-02-20 14:00
20 Ohio organizations receive $190,000 from the Foundation Environmental grants awarded to 114 organizations across 8 states Grants focus on environmental education and stewardship initiatives CLEVELAND, Ohio, Feb. 20, 2024 /PRNewswire/ -- The Dominion Energy Charitable Foundation has awarded $1.3 million in environmental grants to 114 organizations across eight states, including $190,000 to 20 organizations in Ohio. This year's recipients will beautify local parks, improve accessibility to nature parks ...
Dominion Energy (D) to Post Q4 Earnings: What's in Store?
Zacks Investment Research· 2024-02-19 18:16
Dominion Energy Inc. (D) is scheduled to release fourth-quarter 2023 earnings on Feb 22, before market open. In the last reported quarter, the utility delivered a negative earnings surprise of 1.28%.Let’s see how things have shaped up before the upcoming earnings announcement.Factors to NoteDominion Energy’s fourth-quarter earnings are likely to have benefited from regulated investments, higher sales volume and efficient cost management. Economic development, population growth in Virginia and South Carolina ...
PPL to Release Q4 Earnings: Here's What You Need to Know
Zacks Investment Research· 2024-02-14 14:16
PPL Corporation (PPL) is scheduled to release fourth-quarter 2023 results on Feb 16, before market open. The company delivered a negative earnings surprise of 4.4% in the last reported quarter.Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors to ConsiderPPL’s fourth-quarter earnings are likely to have gained from the use of the Dynamic Line Rating technology, which was initiated during the third quarter. This helps in increasing the reliability of its electr ...