NYSE$D

Dominion Energy Inc · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Dominion Energy's Q3 2021 earnings were announced, with GAAP net income at $0.79 per share and operating earnings at $1.11 per share.

Dominion Energy reported a GAAP net income of $0.79 per share and operating earnings of $1.11 per share for the third quarter of 2021. The company has initiated fourth-quarter operating earnings guidance of $0.85 to $0.95 per share and narrowed its 2021 operating earnings guidance range to $3.80 to $3.90 per share.

  • Third-quarter 2021 GAAP net income was $0.79 per share.
  • Third-quarter 2021 operating earnings were $1.11 per share.
  • The company initiated fourth-quarter 2021 operating earnings guidance of $0.85 to $0.95 per share.
  • The company narrowed the 2021 operating earnings guidance range to $3.80 to $3.90 per share.

Headline financials

Total Revenue

$3.18B

Previous: $3.61B-11.9%
EPS (adj)

$1.11

Previous: $1.08+2.8%
Free Cash Flow

$654M

Previous: $356M+83.7%
Net Income

$654M

Previous: $356M+83.7%
Operating Income

$841M

Previous: $27M+3014.8%
Gross Profit

$3.18B

Previous: $3.61B-11.9%
Cash & Equivalents

$180M

Previous: $413M-56.4%
Total Assets

$99.8B

Previous: $105B-4.5%

Revenue & EPS history

Dominion Energy · Revenue · Quarterly

$3.18B

Q3 2021-11.9%vs Q3 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Dominion Energy · $849M total across 4 segments · Q3 2021

  • Dominion Energy Virginia
    $599M-2.3%
  • Dominion Energy South Carolina
    $151M-3.8%
  • Contracted Energy
    $119M+6.3%
  • Corporate & Other
    -$20M+33.3%

Forward guidance

Fourth-quarter 2021 operating earnings are expected to be in the range of $0.85 to $0.95 per share. The company has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share. Assuming normal weather for the remainder of the year, the company expects operating earnings per share for 2021 to be above the midpoint of this narrowed guidance range. The company also affirmed its long-term earnings and dividend growth guidance.

Tailwinds

  • Fourth-quarter 2021 operating earnings are expected to be in the range of $0.85 to $0.95 per share.
  • The company has narrowed its full-year 2021 operating earnings guidance range to $3.80 to $3.90 per share.
  • The company expects operating earnings per share for 2021 to be above the midpoint of this narrowed guidance range, assuming normal weather.
  • The company affirmed its long-term earnings growth guidance.
  • The company affirmed its long-term 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 Q3 2021

Historical avgQ3 2021

-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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