earnings
confidence high
sentiment positive
materiality 0.50
Dominion Energy Q2 2024: GAAP EPS $0.65, operating EPS $0.65; reaffirms FY24/25 guidance
DOMINION ENERGY, INC
2024-Q2 EPS reported
$1.43
revenue$7,118,000,000
- GAAP net income $572M ($0.65/share) vs $583M ($0.67) in Q2 2023; operating earnings (non-GAAP) $563M ($0.65) vs $310M ($0.35).
- Reaffirms FY2024 operating EPS guidance $2.62-$2.87 and FY2025 guidance $3.25-$3.54, plus all credit and dividend targets from March 1 investor meeting.
- Operating earnings exclude net benefits from discontinued operations (gas distribution sale), nuclear trust gains/losses, and mark-to-market hedging adjustments.
- Second-quarter operating earnings increased $0.30 YoY primarily due to higher margin from regulated operations and lower expenses.