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Mar 31, 2024

Dominion Energy Q1 2024 Earnings Report

Dominion Energy's first quarter earnings decreased compared to the same period last year, but the company affirmed its financial guidance.

Key Takeaways

Dominion Energy reported a decrease in GAAP net income and operating earnings for the first quarter of 2024 compared to the same period in 2023. However, the company affirmed its full-year 2024 operating earnings guidance and other financial guidance.

First-quarter GAAP net income was $0.78 per share.

Operating earnings (non-GAAP) were $0.55 per share.

The company affirms all financial guidance provided at its March 1, 2024 investor meeting.

GAAP net income for the three months ended March 31, 2024, was $674 million.

Total Revenue
$3.56B
Previous year: $5.25B
-32.3%
EPS
$0.55
Previous year: $0.99
-44.4%
Gross Profit
$1.69B
Previous year: $1.99B
-15.2%
Cash and Equivalents
$295M
Previous year: $1.75B
-83.2%
Free Cash Flow
-$948M
Total Assets
$102B
Previous year: $105B
-3.2%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy affirms its full-year 2024 operating earnings guidance range of $2.62 to $2.87 per share and its full-year 2025 operating earnings guidance range of $3.25 to $3.54 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income