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Mar 31, 2022

Dominion Energy Q1 2022 Earnings Report

Dominion Energy reported mixed results for Q1 2022, with GAAP earnings decreasing but operating earnings increasing year-over-year. The company reaffirmed its full-year operating earnings guidance and initiated Q2 operating earnings guidance.

Key Takeaways

Dominion Energy's first-quarter 2022 GAAP net income was $0.83 per share, while operating earnings were $1.18 per share. The company has initiated second quarter 2022 operating earnings guidance of $0.70 to $0.80 per share and affirmed its full-year 2022 operating earnings guidance.

First-quarter 2022 GAAP net income was $0.83 per share.

First-quarter 2022 operating earnings were $1.18 per share.

Second quarter 2022 operating earnings guidance was initiated at $0.70 to $0.80 per share.

Full-year 2022 operating earnings guidance was affirmed.

Total Revenue
$4.28B
Previous year: $3.87B
+10.6%
EPS
$1.18
Previous year: $1.09
+8.3%
Gross Profit
$1.89B
Previous year: $1.84B
+2.8%
Cash and Equivalents
$444M
Previous year: $477M
-6.9%
Total Assets
$101B
Previous year: $96.7B
+4.3%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy expects second-quarter operating earnings in the range of $0.70 to $0.80 per share and affirms its full-year 2022 operating earnings guidance range of $3.95 to $4.25 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