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Dec 31, 2019
Dominion Energy Q4 2019 Earnings Report
Dominion Energy's Q4 2019 earnings increased compared to Q4 2018, with GAAP earnings per share of $1.32 and operating earnings per share of $1.18.
Key Takeaways
Dominion Energy reported Q4 2019 GAAP earnings of $1.32 per share and operating earnings of $1.18 per share. The company's net income attributable to Dominion Energy was $1.099 billion, compared to $641 million for the same period in 2018.
Fourth-quarter 2019 GAAP earnings were $1.32 per share.
Fourth-quarter 2019 operating earnings were $1.18 per share.
Full-year 2019 reported earnings were $1.73 per share.
Full-year 2019 operating earnings were $4.24 per share.
Revenue by Segment
Forward Guidance
Dominion Energy expects 2020 operating earnings in the range of $4.25 to $4.60 per share, compared to full-year 2019 operating earnings of $4.24 per share. First-quarter 2020 operating earnings are expected to be in the range of $1.05 to $1.25 per share.
Positive Outlook
- Regulated investment growth across electric and gas businesses
- Lower financing costs due to lower average debt balances
- The full-year impact of the Millstone nuclear facility zero-carbon procurement contract
- Lower depreciation expense associated with an anticipated extension of the useful life assumption for our regulated nuclear plants in Virginia
Challenges Ahead
- Increased minority interest expense associated with the equity recapitalization of Cove Point
- Share dilution
- Two planned refueling outages at Millstone
- Lower New England capacity prices
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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