NYSE$D

Dominion Energy Inc · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Dominion Energy's first quarter earnings decreased compared to the same period last year, but the company affirmed its financial guidance.

Dominion Energy reported a decrease in GAAP net income and operating earnings for the first quarter of 2024 compared to the same period in 2023. However, the company affirmed its full-year 2024 operating earnings guidance and other financial guidance.

  • First-quarter GAAP net income was $0.78 per share.
  • Operating earnings (non-GAAP) were $0.55 per share.
  • The company affirms all financial guidance provided at its March 1, 2024 investor meeting.
  • GAAP net income for the three months ended March 31, 2024, was $674 million.

Headline financials

Total Revenue

$3.63B

Previous: $5.25B-30.8%
EPS

$0.78

Previous: $0.99-21.2%
Electric fuel & energy purchases

$959M

No prior period
Purchased gas

$120M

No prior period
Other O&M

$885M

No prior period
Depreciation & amortization

$621M

No prior period
Interest and related charges

$574M

No prior period
Total operating expenses

$2.8B

No prior period
Capital Expenditures

-$2.93B

No prior period
Free Cash Flow

$674M

Previous: $997M-32.4%
Net Income

$674M

Previous: $997M-32.4%
Operating Income

$833M

Previous: $1.45B-42.4%
Gross Profit

$3.63B

Previous: $5.25B-30.8%
Cash & Equivalents

$265M

Previous: $1.79B-85.2%
Total Assets

$102B

Previous: $105B-3.2%

Revenue & EPS history

Dominion Energy · Revenue · Quarterly

$3.63B

Q1 2024-30.8%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Dominion Energy · $354M total across 3 segments · Q2 2023

  • Dominion Energy Virginia
    $391M-11.1%
  • Dominion Energy South Carolina
    $68M-45.2%
  • Corporate & Other
    -$105M-105.9%

Forward guidance

Dominion Energy affirms its full-year 2024 operating earnings guidance range of $2.62 to $2.87 per share and its full-year 2025 operating earnings guidance range of $3.25 to $3.54 per share.

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 2024

Historical avgQ1 2024

-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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