Second-quarter 2024 GAAP net income of $0.65 per share; operating earnings (non-GAAP) of $0.65 per share Company reaffirms all financial guidance provided at its March 1, 2024, investor meeting, including guidance related to earnings, credit, and dividend RICHMOND, Va., Aug. 1, 2024 /PRNewswire/ -- Dominion Energy, Inc. (NYSE: D), today announced unaudited net income determined in accordance with Generally Accepted Accounting Principles (GAAP, or reported earnings) for the three months ended June 30, 2024, ...

RICHMOND, Va., July 31, 2024 /PRNewswire/ -- The board of directors of Dominion Energy (NYSE: D) has declared a quarterly dividend of 66.75 cents per share of common stock. Dividends are payable on Sept. 20, 2024, to shareholders of record at the close of business Aug. 30, 2024. This is the 386th consecutive dividend that Dominion Energy or its predecessor company has paid holders of common stock. The company's last quarterly dividend was declared May 7, 2024. SOURCE Dominion Energy ...

The power sector is also anticipated to have gained from the continuous expenditures made to strengthen the electric infrastructure's resistance to extreme weather conditions and the switch to more affordable, renewable energy sources for electricity production. According to the Zacks model, a company needs the right combination of two key ingredients — a positive Earnings ESP and a Zacks Rank #3 (Hold) or better — to increase the odds of an earnings beat. You can uncover the best stocks to buy or sell befo ...

The Zacks Consensus Estimate for earnings is pegged at 58 cents, indicating an increase of 9.4% from the yearago reported figure. The Zacks Consensus Estimate for second-quarter earnings per share has moved up 17.9% in the past 60 days. The Zacks Consensus Estimate for sales is pegged at $3.2 billion, which implies a year-over-year increase of 4.7%. Factors to Note However, higher DD&A expenses and O&M expenses are likely to negatively impact the company's secondquarter results. Quantitative Model Predicts ...

Coming into today, shares of the energy company had gained 5.42% in the past month. In that same time, the Utilities sector gained 0.83%, while the S&P 500 lost 1.16%. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Utility - Electric Power industry is part of the Uti ...

Dominion Energy (D) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business ...

Prior to today's trading, shares of the energy company had gained 4.47% over the past month. This has outpaced the Utilities sector's gain of 0.61% and the S&P 500's gain of 0.43% in that time. Any recent changes to analyst estimates for Dominion Energy should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook. Valuation is also important, so ...

Analysts and investors alike will be keeping a close eye on the performance of Dominion Energy in its upcoming earnings disclosure. The company's earnings report is set to go public on August 1, 2024. The company is expected to report EPS of $0.59, up 11.32% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $3.83 billion, showing a 0.94% escalation compared to the yearago quarter. Investors should also note that D has a PEG ratio of 1.33 right now. The PEG ...

For several years, utilities, state and federal agencies and leading technology firms have explored SMRs as the next generation of carbon-free nuclear power in the U.S. SMRs have the same reliability and environmental benefits as traditional nuclear, but with a significantly smaller footprint and lower upfront capital costs. "The Commonwealth's potential to unleash and foster a rich energy economy is limitless," said Governor Glenn Youngkin. "To meet the power demands of the future, it is imperative we cont ...

Dominion Energy (D) announced that its subsidiary, Virginia Electric and Power Company, has agreed to acquire the Kitty Hawk North Wind offshore wind lease and associated developments, which will be known as CVOW-South, from Avangrid, Inc. (AGR) for nearly $160 million. This is inclusive of a payment of about $3,000 per acre for the nearly 40,000-acre lease. After receiving the necessary approvals from the Bureau of Ocean Energy Management and the City of Virginia Beach, both companies expect to close the t ...