Dominion Energy Q4 2024 Earnings Report

Key Takeaways

Dominion Energy reported Q4 2024 GAAP net income of $145 million ($0.15 per share), a significant decline from $331 million ($0.37 per share) in Q4 2023. However, operating earnings (non-GAAP) surged to $504 million ($0.58 per share) from $260 million ($0.29 per share) in Q4 2023. Revenue decreased to $3.4 billion from $3.53 billion a year ago.

Total Revenue

$3.4B

Previous year: $3.53B

-3.8%

EPS

$0.58

Previous year: $0.29

+100.0%

Operating Margin

11.5%

Previous year: 20.2%

-43.1%

Gross Profit Margin

31.5%

Previous year: 30.2%

+4.3%

Gross Profit

$1.94B

Previous year: $1.73B

+12.3%

Free Cash Flow

-$2.87B

Dominion Energy Revenue

Dominion Energy EPS

Forward Guidance

Dominion Energy narrowed its 2025 operating EPS guidance range to $3.28-$3.52 per share, maintaining a midpoint of $3.40. The company reaffirmed its long-term EPS growth guidance of 5% to 7% through 2029.

Positive Outlook

Reaffirmed long-term EPS growth target of 5% to 7%
Narrowed 2025 EPS guidance maintains previous midpoint
Strong operating earnings performance despite adverse weather conditions
Commitment to renewable energy investments
Improved cost efficiencies and operational performance

Challenges Ahead

GAAP net income declined significantly year-over-year
Revenue declined compared to Q4 2023
Rising operating costs impacting profitability
Regulatory challenges in key markets
Higher interest expenses affecting financial performance