Dominion Energy Inc ( (D) ) has released its Q4 earnings. Here is a breakdown of the information Dominion Energy Inc presented to its investors.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Dominion Energy Inc., headquartered in Richmond, Virginia, is a major provider of regulated electricity and natural gas services, catering to millions of customers across Virginia, North Carolina, and South Carolina. The company is notable for its significant involvement in offshore wind and solar power development, as well as being a leading producer of carbon-free electricity in New England.
In its latest earnings report for 2024, Dominion Energy announced a GAAP net income of $2.44 per share for the full year, with operating earnings at $2.77 per share. The company highlighted that it delivered operating earnings in the upper half of its guidance range despite challenging weather conditions. Additionally, Dominion Energy reaffirmed its commitment to providing reliable and increasingly clean energy.
Key financial metrics revealed that for the fourth quarter of 2024, Dominion Energy’s GAAP net income was $0.15 per share, while operating earnings stood at $0.58 per share. The company reported a total net income of $2.1 billion for the year, an increase from $2.0 billion in 2023. Operating earnings for the year saw a significant rise to $2.4 billion, compared to $1.7 billion in the previous year.
Looking ahead, Dominion Energy has narrowed its 2025 operating earnings guidance range to $3.28 to $3.52 per share, maintaining its original midpoint. The company has also reaffirmed its long-term operating earnings growth rate guidance, credit, and dividend outlook for the foreseeable future, reflecting a stable and focused strategic direction.
As Dominion Energy continues to navigate the energy sector’s evolving landscape, its management remains optimistic about the company’s ability to sustain growth and meet its operational and financial targets, driven by strategic investments and a commitment to clean energy initiatives.
