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Mar 31, 2023

Dominion Energy Q1 2023 Earnings Report

Dominion Energy's first quarter earnings decreased compared to the same period last year, but GAAP net income increased.

Key Takeaways

Dominion Energy announced first-quarter 2023 GAAP net income of $1.17 per share and operating earnings of $0.99 per share. The company has initiated second quarter 2023 operating earnings guidance of $0.58 to $0.68 per share.

First-quarter 2023 GAAP net income was $1.17 per share.

First-quarter 2023 operating earnings were $0.99 per share.

Second quarter 2023 operating earnings guidance is $0.58 to $0.68 per share.

Net income attributable to Dominion Energy was $997 million.

Total Revenue
$5.25B
Previous year: $4.28B
+22.7%
EPS
$0.99
Previous year: $1.18
-16.1%
Gross Profit
$1.99B
Previous year: $1.89B
+5.2%
Cash and Equivalents
$1.75B
Previous year: $444M
+294.6%
Total Assets
$105B
Previous year: $101B
+4.4%

Dominion Energy

Dominion Energy

Forward Guidance

Dominion Energy expects second-quarter operating earnings in the range of $0.58 to $0.68 per share.