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Jun 30, 2021

Dominion Energy Q2 2021 Earnings Report

Dominion Energy reported second-quarter 2021 GAAP net income of $0.33 per share and operating earnings of $0.76 per share.

Key Takeaways

Dominion Energy announced an unaudited net income for the three months ended June 30, 2021, of $285 million ($0.33 per share) compared with a net loss of $1.2 billion ($1.52 per share) for the same period in 2020. Operating earnings for the three months ended June 30, 2021, were $628 million ($0.76 per share), compared to operating earnings of $630 million ($0.73 per share) for the same period in 2020.

Second-quarter 2021 GAAP net income of $0.33 per share; operating earnings of $0.76 per share

Second-quarter 2021 GAAP net income of $0.33 per share; operating earnings of $0.76 per share

Company initiates third-quarter 2021 operating earnings guidance of $0.95 to $1.10 per share

Company affirms 2021 operating earnings guidance as well as other long-term earnings and dividend growth guidance

Total Revenue
$3.04B
Previous year: $3.59B
-15.3%
EPS
$0.76
Previous year: $0.82
-7.3%
Gross Profit
$1.51B
Previous year: $1.65B
-8.3%
Cash and Equivalents
$240M
Previous year: $675M
-64.4%
Total Assets
$98B
Previous year: $104B
-5.6%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Third-quarter 2021 operating earnings are expected to be in the range of $0.95 to $1.10 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