NYSE$D

Dominion Energy Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Dominion Energy reported mixed results for Q1 2022, with GAAP earnings decreasing but operating earnings increasing year-over-year. The company reaffirmed its full-year operating earnings guidance and initiated Q2 operating earnings guidance.

Dominion Energy's first-quarter 2022 GAAP net income was $0.83 per share, while operating earnings were $1.18 per share. The company has initiated second quarter 2022 operating earnings guidance of $0.70 to $0.80 per share and affirmed its full-year 2022 operating earnings guidance.

  • First-quarter 2022 GAAP net income was $0.83 per share.
  • First-quarter 2022 operating earnings were $1.18 per share.
  • Second quarter 2022 operating earnings guidance was initiated at $0.70 to $0.80 per share.
  • Full-year 2022 operating earnings guidance was affirmed.

Headline financials

Total Revenue

$4.28B

Previous: $3.87B+10.6%
EPS (adj)

$1.18

Previous: $1.09+8.3%
Free Cash Flow

$711M

Previous: $1.01B-29.5%
Net Income

$711M

Previous: $1.01B-29.5%
Operating Income

$976M

Previous: $878M+11.2%
Gross Profit

$4.28B

Previous: $3.87B+10.6%
Cash & Equivalents

$444M

Previous: $477M-6.9%
Total Assets

$101B

Previous: $96.7B+4.3%

Revenue & EPS history

Dominion Energy · Revenue · Quarterly

$4.28B

Q1 2022+10.6%vs Q1 2021
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Dominion Energy · $706M total across 4 segments · Q1 2022

  • Dominion Energy Virginia
    $518M+19.4%
  • Dominion Energy South Carolina
    $109M+6.9%
  • Contracted Energy
    $101M-32.7%
  • Corporate & Other
    -$22M+50.0%

Forward guidance

Dominion Energy expects second-quarter operating earnings in the range of $0.70 to $0.80 per share and affirms its full-year 2022 operating earnings guidance range of $3.95 to $4.25 per share. The company also affirms its long-term earnings and dividend growth guidance.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

-0.4%

Avg return

5 days after

-0.4%

Avg return

30 days after

47%

34 / 72 earnings

Positive

+11.0%

Q3 2023

Best reaction

-9.1%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.9%-4.4%+3.8%
Q4 2025+0.3%-4.3%-8.0%
Q3 2025-1.7%+0.3%+5.5%
Q2 2025+3.4%+4.3%+2.5%
Q1 2025+0.8%+0.6%+4.2%
Q4 2024+0.4%-0.2%-1.8%
Q3 2024-3.2%-4.1%-1.3%
Q2 2024+4.9%+1.3%+4.6%
Q1 2024+0.5%+1.9%+5.4%
Q4 2023+3.4%+3.2%+4.4%
Q3 2023+11.0%+11.8%+13.6%
Q2 2023-3.2%-2.1%-5.6%
Q1 2023-0.1%-0.4%-11.9%
Q4 2022-6.3%-4.8%-13.6%
Q3 2022-9.1%-12.7%-12.7%
Q2 2022-0.2%+0.3%+1.0%
Q1 2022+1.8%-0.7%+0.2%
Q4 2021+0.6%+0.5%+5.1%
Q3 2021-1.1%+0.3%-3.2%
Q2 2021-0.1%+1.1%+3.0%
Q1 2021-3.0%-2.4%-4.6%
Q4 2020-2.6%-0.9%+0.7%
Q3 2020+1.2%+3.7%-8.2%
Q2 2020-1.5%-2.2%-4.3%
Q1 2020+2.5%+3.4%+12.1%
Q4 2019+1.4%+3.4%-15.7%
Q3 2019+0.6%-2.0%+0.7%
Q2 2019+1.2%-0.5%+3.5%
Q1 2019-1.9%-4.1%-2.3%
Q4 2018+1.7%+2.2%+6.5%
Q3 2018-2.1%-1.1%+4.3%
Q2 2018-0.8%+0.1%-1.3%
Q1 2018+2.4%+1.8%-1.3%
Q4 2017-0.2%-4.6%-11.3%
Q3 2017+0.8%+0.2%+4.3%
Q2 2017+1.4%+0.8%+1.3%
Q1 2017+2.2%+1.2%+6.0%
Q4 2016-6.0%-5.3%+0.4%
Q3 2016+1.3%+0.4%-0.3%
Q2 2016-1.2%-3.1%-3.4%
Q1 2016+0.1%
Q4 2015-3.2%
Q3 2015-1.0%
Q2 2015+1.5%
Q1 2015-1.2%
Q4 2014-4.4%
Q3 2014+1.4%
Q2 2014-3.3%
Q1 2014+0.0%
Q4 2013+0.1%
Q3 2013+3.2%
Q2 2013+0.5%
Q1 2013-0.2%
Q4 2012-0.6%
Q3 2012-0.7%
Q2 2012-0.9%
Q1 2012+1.6%
Q4 2011-1.8%
Q2 2011-1.8%
Q3 2011-0.8%
Q1 2011-1.0%
Q4 2010+1.3%
Q3 2010-3.3%
Q2 2010+2.7%
Q1 2010+1.4%
Q4 2007-0.1%
Q4 2009-0.1%
Q3 2008+1.9%
Q3 2009+1.9%
Q2 2009-1.8%
Q4 2008-1.8%
Q2 2008-1.8%

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