NYSE$D

Dominion Energy Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Dominion Energy's Q3 2024 earnings were announced, with GAAP net income at $1.12 per share and operating earnings (non-GAAP) at $0.98 per share.

Dominion Energy reported a GAAP net income of $1.12 per share and operating earnings (non-GAAP) of $0.98 per share for the third quarter of 2024. The company narrowed its full-year 2024 operating earnings guidance range to $2.68 to $2.83 per share, while preserving the original midpoint of $2.75 per share.

  • Third-quarter 2024 GAAP net income was $1.12 per share.
  • Third-quarter 2024 operating earnings (non-GAAP) were $0.98 per share.
  • Full-year 2024 operating earnings guidance range narrowed to $2.68 to $2.83 per share.
  • Original midpoint of $2.75 per share for full-year 2024 operating earnings guidance was preserved.

Headline financials

Total Revenue

$3.94B

Previous: $3.81B+3.4%
EPS

$1.12

Previous: $0.77+45.5%
Electric fuel & energy purchases

$910M

No prior period
Purchased gas

$34M

No prior period
Other O&M

$1.02B

No prior period
Depreciation & amortization

$549M

No prior period
Interest and related charges

$404M

No prior period
Total operating expenses

$2.72B

No prior period
Capital Expenditures

-$3B

No prior period
Free Cash Flow

$954M

Previous: $163M+485.3%
Net Income

$954M

Previous: $163M+485.3%
Operating Income

$1.22B

Previous: $1.04B+17.7%
Gross Profit

$3.94B

Previous: $3.81B+3.4%
Cash & Equivalents

$1.78B

Previous: $137M+1196.4%
Total Assets

$99.8B

Previous: $106B-5.8%

Revenue & EPS history

Dominion Energy · Revenue · Quarterly

$3.94B

Q3 2024+3.4%vs Q3 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

The company narrowed its full-year 2024 operating earnings guidance range to $2.68 to $2.83 per share, preserving the original midpoint of $2.75 per share. The company also reaffirmed its full-year 2025 operating earnings guidance range of $3.25 to $3.54 per share and the other financial guidance provided at the March 1, 2024 investor meeting including guidance related to earnings, credit, and dividend.

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 2024

Historical avgQ3 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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