Dominion Energy (NYSE:D) Full Year 2024 Results
Key Financial Results
- Revenue: US$14.5b (flat on FY 2023).
- Net income: US$1.85b (down 11% from FY 2023).
- Profit margin: 13% (down from 14% in FY 2023).
- EPS: US$2.20 (down from US$2.48 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Dominion Energy Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 3.1%. Earnings per share (EPS) also missed analyst estimates by 16%.
The primary driver behind last 12 months revenue was the Dominion Energy Virginia segment contributing a total revenue of US$10.2b (71% of total revenue). Notably, cost of sales worth US$7.57b amounted to 52% of total revenue thereby underscoring the impact on earnings. The most substantial expense, totaling US$2.73b were related to Non-Operating costs. This indicates that a significant portion of the company's costs is related to non-core activities. Explore how D's revenue and expenses shape its earnings.
Looking ahead, revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Integrated Utilities industry in the US.
Performance of the American Integrated Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Dominion Energy that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:D
Second-rate dividend payer with questionable track record.
