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Sep 30, 2020

Dominion Energy Q3 2020 Earnings Report

Dominion Energy's third-quarter earnings were announced, with GAAP net income at $0.41 per share and operating earnings at $1.08 per share.

Key Takeaways

Dominion Energy reported a GAAP net income of $0.41 per share for the third quarter of 2020, while operating earnings reached $1.08 per share. The company has initiated fourth-quarter operating earnings guidance of $0.73 to $0.87 per share and expects 2020 weather-normal operating EPS to be above the annual guidance midpoint.

Third-quarter 2020 GAAP net income was $0.41 per share.

Third-quarter 2020 operating earnings were $1.08 per share.

The company initiated fourth-quarter 2020 operating earnings guidance of $0.73 to $0.87 per share.

The company expects 2020 weather-normal operating EPS to be above the annual guidance midpoint.

Total Revenue
$3.61B
Previous year: $4.27B
-15.5%
EPS
$1.08
Previous year: $1.18
-8.5%
Gross Profit
$1.98B
Previous year: $1.98B
-0.1%
Cash and Equivalents
$413M
Previous year: $378M
+9.3%
Total Assets
$105B
Previous year: $102B
+2.1%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy expects fourth-quarter operating earnings in the range of $0.73 to $0.87 per share. The company affirms its full-year 2020 operating earnings guidance range of $3.37 to $3.63 per share and expects weather-normal operating EPS for 2020 to be above the guidance range midpoint. The company also affirms its long-term earnings and dividend growth guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income