earnings
confidence high
sentiment negative
materiality 0.75
Dominion Q3 GAAP EPS $0.17 vs $0.91; initiates Q4 op EPS guidance $0.35
DOMINION ENERGY, INC
2023-Q3 EPS reported
$2.03
revenue$10,859,000,000
- Q3 GAAP net income $0.17/share vs $0.91; operating earnings $0.77/share vs $0.99 a year ago.
- Business review ongoing; CVOW offshore wind on time/budget; equity partner decision expected by year-end 2023 or early 2024.
- Completed Cove Point sale to Berkshire Hathaway in Sep 2023; gas distribution sale to Enbridge pending, classified as discontinued ops.
- Initiates Q4 2023 operating earnings guidance of $0.35 per share based on normal weather.
- Commitment to current dividend unchanged; plans investor meeting upon review conclusion to discuss strategic outlook.