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Sep 30, 2023
Dominion Energy Q3 2023 Earnings Report
Dominion Energy advanced its business review and announced third-quarter 2023 earnings.
Key Takeaways
Dominion Energy reported third-quarter 2023 GAAP net income of $0.17 per share and operating earnings (non-GAAP) of $0.77 per share. The company is nearing the conclusion of its business review, with a final decision expected by year-end 2023 or early 2024.
Priorities and commitments of ongoing business review are unchanged including commitment to current dividend
Coastal Virginia Offshore Wind (CVOW) project is on time and on budget
Company to conclude review upon completion of CVOW partnership decision; expected by year-end 2023 or early 2024
Cove Point and gas utilities accounted for as discontinued operations; removed from operating earnings
Forward Guidance
Dominion Energy expects fourth-quarter operating earnings of approximately $0.35 per share based on normal weather in its utility service areas.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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