•
Sep 30, 2024

Dominion Energy Q3 2024 Earnings Report

Dominion Energy's Q3 2024 earnings were announced, with GAAP net income at $1.12 per share and operating earnings (non-GAAP) at $0.98 per share.

Key Takeaways

Dominion Energy reported a GAAP net income of $1.12 per share and operating earnings (non-GAAP) of $0.98 per share for the third quarter of 2024. The company narrowed its full-year 2024 operating earnings guidance range to $2.68 to $2.83 per share, while preserving the original midpoint of $2.75 per share.

Third-quarter 2024 GAAP net income was $1.12 per share.

Third-quarter 2024 operating earnings (non-GAAP) were $0.98 per share.

Full-year 2024 operating earnings guidance range narrowed to $2.68 to $2.83 per share.

Original midpoint of $2.75 per share for full-year 2024 operating earnings guidance was preserved.

Total Revenue
$3.82B
Previous year: $3.81B
+0.2%
EPS
$0.98
Previous year: $0.77
+27.3%
Gross Profit
$2.07B
Previous year: $1.85B
+11.8%
Cash and Equivalents
$1.9B
Previous year: $137M
+1288.3%
Free Cash Flow
-$1.46B
Total Assets
$99.8B
Previous year: $106B
-5.8%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

The company narrowed its full-year 2024 operating earnings guidance range to $2.68 to $2.83 per share, preserving the original midpoint of $2.75 per share. The company also reaffirmed its full-year 2025 operating earnings guidance range of $3.25 to $3.54 per share and the other financial guidance provided at the March 1, 2024 investor meeting including guidance related to earnings, credit, and dividend.

Revenue & Expenses

Visualization of income flow from segment revenue to net income