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Jun 30, 2022

Dominion Energy Q2 2022 Earnings Report

Dominion Energy's second-quarter earnings were announced, revealing a GAAP net loss but a rise in operating earnings compared to the same period last year. The company has initiated third-quarter operating earnings guidance and affirmed its full-year operating earnings and dividend guidance.

Key Takeaways

Dominion Energy reported a GAAP net loss of $0.58 per share for the second quarter of 2022, contrasting with a net income of $0.33 per share in the same period of 2021. However, operating earnings increased to $0.77 per share, up from $0.76 per share in the prior year. The company has provided operating earnings guidance for the third quarter of 2022, projecting $0.98 to $1.13 per share, and has affirmed its full-year operating earnings guidance.

GAAP net loss was $0.58 per share.

Operating earnings were $0.77 per share.

Third-quarter operating earnings guidance is $0.98 to $1.13 per share.

Full-year 2022 operating earnings guidance was affirmed.

Total Revenue
$3.6B
Previous year: $3.04B
+18.4%
EPS
$0.77
Previous year: $0.76
+1.3%
Gross Profit
$1.66B
Previous year: $1.51B
+10.1%
Cash and Equivalents
$272M
Previous year: $240M
+13.3%
Total Assets
$104B
Previous year: $98B
+5.8%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy expects third-quarter operating earnings in the range of $0.98 to $1.13 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