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Jun 30, 2020

Dominion Energy Q2 2020 Earnings Report

Dominion Energy experienced a net loss but operating earnings increased compared to the same period last year.

Key Takeaways

Dominion Energy announced a GAAP net loss of $1.41 per share for the second quarter of 2020. Operating earnings were $0.82 per share, compared to $0.77 per share for the same period in 2019. The company has initiated third-quarter 2020 operating earnings guidance of $0.85 to $1.05 per share and affirmed full-year 2020 operating earnings guidance of $3.37 to $3.63 per share.

Second-quarter 2020 GAAP net loss of $1.41 per share.

Second-quarter 2020 operating earnings of $0.82 per share.

Company initiates third-quarter 2020 operating earnings guidance of $0.85 to $1.05 per share.

Company affirms full-year 2020 operating earnings guidance of $3.37 to $3.63 per share.

Total Revenue
$3.59B
Previous year: $3.97B
-9.7%
EPS
$0.82
Previous year: $0.77
+6.5%
Gross Profit
$1.65B
Previous year: $1.72B
-4.2%
Cash and Equivalents
$675M
Previous year: $382M
+76.7%
Total Assets
$104B
Previous year: $101B
+2.9%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy expects third-quarter operating earnings in the range of $0.85 to $1.05 per share. The company affirms its full-year 2020 operating earnings guidance range of $3.37 to $3.63 per share.

Revenue & Expenses

Visualization of income flow from segment revenue to net income