•
Dec 31, 2023

Dominion Energy Q4 2023 Earnings Report

Dominion Energy's Q4 2023 earnings decreased compared to the same period in 2022, with GAAP net income at $0.30 per share and operating earnings (non-GAAP) at $0.29 per share.

Key Takeaways

Dominion Energy announced Q4 2023 GAAP net income of $0.30 per share and operating earnings (non-GAAP) of $0.29 per share, compared to $0.39 and $0.76 respectively for the same period in 2022. The company affirmed its business review commitments, announced an agreement to sell a noncontrolling equity partnership interest in CVOW, and provided key project updates on CVOW.

Fourth-quarter 2023 GAAP net income was $0.30 per share; operating earnings (non-GAAP) were $0.29 per share.

Full year 2023 GAAP net income was $2.29 per share; operating earnings (non-GAAP) were $1.99 per share.

Dominion Energy announced agreement to sell a noncontrolling equity partnership interest in CVOW.

Key project updates on CVOW were provided, affirming on time, on budget status.

Total Revenue
$3.53B
Previous year: $4.91B
-28.1%
EPS
$0.29
Previous year: $1.06
-72.6%
Gross Profit
$1.73B
Previous year: $2.26B
-23.6%
Cash and Equivalents
$184M
Previous year: $119M
+54.6%
Total Assets
$109B
Previous year: $105B
+4.0%

Dominion Energy

Dominion Energy

Dominion Energy Revenue by Segment

Forward Guidance

Dominion Energy will host an investor meeting on March 1, 2024, to conclude the business review and provide a comprehensive update on the repositioned strategic and financial outlook.

Revenue & Expenses

Visualization of income flow from segment revenue to net income