Dominion Energy(D)
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Dominion Energy(D) - 2023 Q3 - Earnings Call Transcript
2023-11-03 15:58
Dominion Energy, Inc. (NYSE:D) Q3 2023 Earnings Conference Call November 3, 2023 10:00 AM ET Company Participants David McFarland - Vice President, Investor Relations Bob Blue - President, Chairman, and Chief Executive Officer Steven Ridge - Senior Vice President, Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays Steve Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Carly Davenport - Goldman Sachs Operator Welcome to the Dominion Energy Th ...
Dominion Energy(D) - 2023 Q3 - Earnings Call Presentation
2023-11-03 13:33
10 Q3 2023: Actual versus guidance ($ per share) 18 South Carolina PSC approved settlement in natural gas general rate case 2025 guidance will be given at an investor event after the completion of the business review in late 2023 or early 2024 Fixed income We recognize the importance of delivering a compelling review result and executing flawlessly thereafter Competitive and fair return on regulated utility investment ● @ ● 0 8 Grid Transformation Q4 '23 Guidance¹ D Premier state-regulated utility profile T ...
Dominion Energy(D) - 2023 Q2 - Earnings Call Transcript
2023-08-04 16:32
Dominion Energy, Inc. (NYSE:D) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants David McFarland - Vice President, Investor Relations Bob Blue - President, Chairman, and Chief Executive Officer Steven Ridge - Senior Vice President, Chief Financial Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Jeremy Tonet - JPMorgan Chase and Company Carly Davenport - Goldman Sachs & Co. Operator Welcome to the Dominion Energy Second Quarter Earnings Conference Call. ...
Dominion Energy(D) - 2023 Q2 - Earnings Call Presentation
2023-08-04 14:10
Q2 2023 earnings call August 4, 2023 The information in this presentation was prepared as of August 4, 2023. Dominion Energy undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made. Projections or forecasts shown in this document are based on the assumptions listed in this document and are subject to change at any time. Employee safety Dominion Energy Committed to current credit profile and dividend Credit metrics that meet and exceed ...
Dominion Energy(D) - 2023 Q2 - Quarterly Report
2023-08-03 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | FORM 10-Q | | | | --- | --- | --- | | (Mark one) | | | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the quarterly period ended June 30, 2023 | | | | or | | | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | For the transition period from | to | | | Commission File Exact name of registrants as specified in their charters, addr ...
Dominion Energy(D) - 2023 Q1 - Earnings Call Transcript
2023-05-05 17:09
Financial Data and Key Metrics Changes - The first quarter GAAP results reflect a net income of $1.17 per share, which includes positive noncash mark-to-market impacts from economic hedging activities and unrealized gains in nuclear decommissioning trust funds [13] - Operating earnings for Q1 2023 were $0.99 per share, which included a $0.10 impact from worse than normal weather [33] - Weather-normalized results would have been $1.09 per share, exceeding the midpoint of the weather-normal guidance range by $0.04 [34] Business Line Data and Key Metrics Changes - The company reported higher sales and lower planned outage impacts at Millstone, contributing positively to earnings [14] - The gas distribution business in Utah achieved seven of the top 20 throughput days in history, including the two highest ever during a record-setting winter [20] Market Data and Key Metrics Changes - The PJM's 2023 forecast projects peak summer load growth in the DOM zone of approximately 5% per year for the next 10 years, with the projected load for 2033 increasing from 25.8 gigawatts to 35.8 gigawatts, a nearly 40% increase [10][32] - The company experienced a weather-normal sales growth of 6.1% over the last 12 months, with expectations for a moderation to around 5% for the full year 2023 [32] Company Strategy and Development Direction - The company is focused on a compelling repositioning to create long-term value for shareholders, employees, customers, and stakeholders [6] - An updated integrated resource plan was filed with the Virginia Commission, outlining paths to satisfy growing service obligations and calling for increased investments in distribution, transmission, and generation [11] - The new Virginia law enacted in April provides significant bill relief for customers and supports long-term utility stability, allowing for critical energy investments [27][30] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the future, highlighting the unique intersection of demand growth and strong policy support for decarbonization and economic growth [11] - The company aims to improve its balance sheet and minimize external equity financing needs while continuing to drive operational efficiencies [15][36] Other Important Information - The company is advancing infrastructure upgrade projects for data centers in Eastern Loudoun County, with the first three projects ahead of schedule [18] - The company filed a natural gas general rate case in South Carolina, seeking a revenue requirement increase of $19 million, which represents around a 6% increase to a typical residential customer bill [19] Q&A Session Summary Question: What are the expectations for lawmakers to fill the vacant seats at the SEC? - Management noted that the commission is functioning effectively and highlighted the process for filling vacancies, emphasizing the strong regulatory position in Virginia [48] Question: Can you discuss the performance provision and ROE in Virginia? - Management indicated that there will need to be work done within the commission to establish how performance will be judged, viewing it as an opportunity to demonstrate excellent performance [50][51] Question: What factors are in play regarding the IRP scenarios? - Management explained that the IRP includes different scenarios required by the commission, focusing on balancing reliable service and cost while complying with regulations [70]
Dominion Energy(D) - 2023 Q1 - Quarterly Report
2023-05-04 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q | (Mark one) | | --- | | ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the quarterly period ended March 31, 2023 | | or | | ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | For the transition period from to | | Commission File Exact name of registrants as specified in their charters, address of I.R.S. Employer | | Number principal ...
Dominion Energy(D) - 2022 Q4 - Annual Report
2023-02-20 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 | FORM | | | | 10-K | | --- | --- | --- | --- | --- | | (Mark One) | | | | | | ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | ☒ | | For the fiscal year ended December 31, 2022 | | | | | | OR | | | | | | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 | | | | ☐ | | For the transition period from to | | | | | | I.R.S. Employer | | | | | | Commission Fil ...
Dominion Energy(D) - 2022 Q4 - Earnings Call Transcript
2023-02-08 17:44
Dominion Energy, Inc. (NYSE:D) Q4 2022 Results Conference Call February 8, 2023 10:00 AM ET Company Participants David McFarland - VP, IR Bob Blue - Chair, President and CEO Steven Ridge - SVP and CFO Diane Leopold - EVP and COO Conference Call Participants Shahriar Pourreza - Guggenheim Partners Steve Fleishman - Wolfe Research Jeremy Tonet - JPMorgan Durgesh Chopra - Evercore ISI Ross Fowler - UBS Operator Good day, everyone, and welcome to the Dominion Energy Fourth Quarter 2022 Earnings Conference Call. ...
Dominion Energy(D) - 2022 Q3 - Earnings Call Presentation
2022-11-04 19:50
Q3 2022 earnings call November 4, 2022 Regulated Decarbonization 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 "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "plan", "outl ...