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Mar 31, 2021

Dominion Energy Q1 2021 Earnings Report

Dominion Energy's first-quarter earnings were announced, with GAAP net income at $1.23 per share and operating earnings at $1.09 per share.

Key Takeaways

Dominion Energy reported a GAAP net income of $1.23 per share and operating earnings of $1.09 per share for the first quarter of 2021. The company has initiated its second-quarter 2021 operating earnings guidance of $0.70 to $0.80 per share and affirmed its 2021 operating earnings guidance, as well as other long-term earnings and dividend guidance.

First-quarter 2021 GAAP net income was $1.23 per share.

First-quarter 2021 operating earnings were $1.09 per share.

Second-quarter 2021 operating earnings guidance was initiated at $0.70 to $0.80 per share.

The company affirmed its 2021 operating earnings guidance and long-term earnings and dividend guidance.

Total Revenue
$3.87B
Previous year: $4.5B
-13.9%
EPS
$1.09
Previous year: $1.09
+0.0%
Gross Profit
$1.84B
Previous year: $1.95B
-5.9%
Cash and Equivalents
$477M
Previous year: $1.19B
-60.0%
Total Assets
$96.7B
Previous year: $104B
-7.1%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Second-quarter 2021 operating earnings are expected to be in the range of $0.70 to $0.80 per share. The company affirms its full-year 2021 operating earnings guidance range of $3.70 to $4.00 per share. The company also affirms its long-term earnings and dividend growth guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income