Dominion Energy Beats Q1 Revenue, Adjusted EPS Estimates; Profit Slips on Higher Expenses
D sits 23% above its 52-week low of $52.525.
Summary
Dominion Energy reported mixed first-quarter results, with revenue climbing 23% to $5.02 billion, significantly beating analyst estimates of $4.43 billion. The company also posted adjusted earnings of $0.95 per share, surpassing the $0.90 per share consensus. However, reported net profit slipped to $621 million, or $0.69 per share, from $665 million, or $0.77 per share, a year prior, primarily due to a 27% jump in operating expenses to $3.63 billion. The company reiterated its full-year 2026 adjusted EPS guidance of $3.45 to $3.69, which was previously reported. These Q1 results provide new, material financial performance data for traders, distinct from the earlier guidance announcement.
At the time of this announcement, D was trading at $64.73 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $56.7B. The 52-week trading range was $52.53 to $67.57. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.