Q4 2024 earnings call February 12, 2025 Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the business and operations of Dominion Energy. We have used the words "path", "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "outlook", "predict", ...

Dominion Energy (D) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.41%. A quarter ago, it was expected that this energy company would post earnings of $0.92 per share when it actually produced earnings of $0.98, delivering a surprise of 6.52%.Over the last four quarters, the compan ...

Financial Performance - Dominion Energy reported a GAAP net income of $145 million ($0.15 per share) for Q4 2024, down from $331 million ($0.37 per share) in Q4 2023[2]. - For the full year 2024, Dominion Energy's GAAP net income was $2.1 billion ($2.44 per share), compared to $2.0 billion ($2.33 per share) in 2023, reflecting a 5% increase[2]. - Operating earnings (non-GAAP) for Q4 2024 were $504 million ($0.58 per share), significantly up from $260 million ($0.29 per share) in Q4 2023, marking a 93% increase[4]. - The full year 2024 operating earnings reached $2.4 billion ($2.77 per share), compared to $1.7 billion ($1.95 per share) in 2023, representing a 41% increase[4]. - Reported earnings for Q4 2024 were $145 million, down from $331 million in Q4 2023, a decrease of 56.0%[20]. - Earnings per share (EPS) for Q4 2024 was $0.15, a decline of 59.5% compared to $0.37 in Q4 2023[20]. - Operating earnings (non-GAAP) for the full year 2024 increased to $2,392 million, up 39.4% from $1,715 million in 2023[20]. Guidance and Projections - Dominion Energy narrowed its 2025 operating earnings guidance range to $3.28 to $3.52 per share, maintaining the original midpoint of $3.40 per share[6]. - The company reaffirmed its long-term operating earnings per share growth guidance of 5% to 7% through 2029, based on the 2025 operating earnings per share midpoint of $3.30[6]. Revenue and Expenses - Dominion Energy's operating revenue for Q4 2024 was $3.4 billion, slightly down from $3.534 billion in Q4 2023[18]. - Total operating expenses for Q4 2024 were $3.009 billion, compared to $2.822 billion in Q4 2023, indicating an increase of 6.6%[18]. Segment Performance - The Dominion Energy Virginia segment reported operating earnings of $440 million in Q4 2024, an increase of 19.2% from $369 million in Q4 2023[20]. Adjustments and Impacts - The company experienced a pre-tax loss of $478 million in Q4 2024, compared to a pre-tax income of $83 million in Q4 2023, representing a change of $561 million[20]. - Adjustments to reported earnings for 2024 totaled $359 million, significantly impacting the overall earnings[20]. - The average diluted common shares outstanding increased to 842.2 million in Q4 2024 from 837.3 million in Q4 2023[20]. Discontinued Operations and Charges - The company reported a net benefit of $228 million from discontinued operations, primarily related to gas distribution operations[27]. - Regulated asset retirements and other charges amounted to $276 million, including significant costs related to the Coastal Virginia Offshore Wind project[27]. - Nonregulated asset impairments and other charges totaled $229 million, reflecting various impairment charges across different facilities[27]. - $1.2 billion net benefit from discontinued operations, including a $722 million benefit from the sale of non-controlling interest in Cove Point[32]. - $1.2 billion net market benefit primarily from $411 million in nuclear decommissioning trusts and $758 million in economic hedging activities[32]. - $370 million of regulated asset retirements and other charges related to Virginia Power's 2021 triennial review settlement[32]. Changes in Earnings and EPS - Change in reported earnings (GAAP) decreased by $186 million, resulting in a $0.22 decrease in EPS[33]. - Change in pre-tax income increased by $561 million, contributing to a $0.67 increase in EPS[33]. - Adjustments to reported earnings amounted to $430 million, leading to a $0.51 increase in EPS[33]. - Change in consolidated operating earnings (non-GAAP) increased by $244 million, resulting in a $0.29 increase in EPS[33]. - Weather impacts contributed an increase of $11 million in earnings, translating to a $0.01 increase in EPS[33]. - Customer-elected rate impacts added $18 million, resulting in a $0.02 increase in EPS[33]. - Change in contribution to operating earnings increased by $71 million, leading to a $0.08 increase in EPS[33].

Dominion Energy Inc. (D) is expected to report an improvement in its bottom line when it reports fourth-quarter 2024 results on Feb. 12, before market open.Find the latest earnings estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for D’s fourth-quarter revenues is pegged at $3.51 billion, indicating a nominal decline of 0.64% from the year-ago reported figure.The Zacks Consensus Estimate for D’s fourth-quarter earnings is pegged at 54 cents per share, indicating growth of 86.2 ...

Wall Street analysts forecast that Dominion Energy (D) will report quarterly earnings of $0.54 per share in its upcoming release, pointing to a year-over-year increase of 86.2%. It is anticipated that revenues will amount to $3.51 billion, exhibiting a decline of 0.6% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial proje ...

Wall Street expects a year-over-year increase in earnings on lower revenues when Dominion Energy (D) reports results for the quarter ended December 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 12, 2025, might help the stock move higher if these key numbers are better than ...

NEW YORK, Feb. 4, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Dominion Energy, Inc. ("Dominion" or the "Company") (NYSE: D). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Dominion and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 3, 2025, Do ...

Shares of Dominion Energy (D -4.39%) were moving lower today after the Virginia-based utility company provided an update on an offshore wind project, showing that it would be more expensive than originally planned.As of 1:04 p.m. ET, the stock was down 4.6% on the news. Dominion will pay up for wind powerIn a press release last night, Dominion said its Coastal Virginia Offshore Wind (CVOW) project was now about 50% finished and remains on track for completion at the end of 2026.While that was the good news, ...

Dominion Energy (D) closed the latest trading day at $53.65, indicating a -0.07% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 1.83%. At the same time, the Dow added 1.65%, and the tech-heavy Nasdaq gained 2.45%.Prior to today's trading, shares of the energy company had gained 0.19% over the past month. This has outpaced the Utilities sector's loss of 6.06% and the S&P 500's loss of 3.31% in that time.Investors will be eagerly watching for the performan ...

Dominion Energy (NYSE:D) continues to be a fascinating company to follow. Back in April, we wrote about how it was ideally positioned for the boom in energy demand coming from data centers. Data center-driven energy demand is now a widely embraced idea, but a few key aspects have changed that we believe secure a long growth runway for Dominion. Demand speculation has solidified into verifiable and difficult to cancel requests Regulatory environment is supportive of utilities as the primary source of increm ...