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Sep 30, 2022
Dominion Energy Q3 2022 Earnings Report
Dominion Energy's third-quarter performance was marked by strong results across business units, leading to operating earnings per share above the midpoint of guidance. A 'top-to-bottom' business review was initiated to enhance shareholder value and transparency.
Key Takeaways
Dominion Energy reported a net income of $778 million, or $0.91 per share, for the third quarter of 2022, compared to $654 million, or $0.79 per share, for the same period in 2021. Operating earnings for the quarter were $944 million, or $1.11 per share, compared to $918 million, or $1.11 per share, for the same period in 2021. The company has initiated a business review to ensure it is best positioned to create long-term value for shareholders.
Third-quarter GAAP net income was reported at $0.91 per share.
Third-quarter operating earnings were $1.11 per share.
Fourth-quarter operating earnings guidance was initiated at $0.98 to $1.13 per share; 2022 operating earnings guidance range was narrowed to $4.03 to $4.18 per share.
A 'top-to-bottom' business review was initiated, focusing on state-regulated utility profile and decarbonization.
Revenue by Segment
Forward Guidance
Dominion Energy expects fourth-quarter operating earnings in the range of $0.98 to $1.13 per share and has narrowed its full-year 2022 operating earnings guidance range to $4.03 to $4.18 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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