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Dec 31, 2024
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.
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
Historical Earnings Impact
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Avg. Return Before/After Earnings
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