earnings
confidence high
sentiment neutral
materiality 0.60
Dominion Energy Q3 operating EPS $1.11; initiates business review, narrows 2022 guidance
DOMINION ENERGY, INC
2022-Q3 EPS reported
$1.17
revenue$12,261,000,000
- Q3 GAAP EPS $0.91 ($778M net income); operating EPS $1.11 ($944M); prior-year GAAP $0.79, operating $1.11.
- Narrows 2022 operating EPS guidance to $4.03-$4.18 (same midpoint); Q4 guidance $0.98-$1.13 per share.
- Initiates 'top-to-bottom' business review to maximize long-term shareholder value; committed to credit profile & dividend.
- CEO cites relative share performance not meeting expectations despite operational execution.
- Plans to update on Q4 earnings call and hold investor day in 2023.