Dominion Energy Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag

Dominion Energy (NYSE:D) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$3.94b (up 3.4% from 3Q 2023).
• Net income: US$967.0m (up 39% from 3Q 2023).
• Profit margin: 25% (up from 18% in 3Q 2023). The increase in margin was primarily driven by lower expenses.
• EPS: US$1.15 (up from US$0.83 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Dominion Energy EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 5.7%. Earnings per share (EPS) exceeded analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 5.5% 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

We should say that we've discovered 2 warning signs for Dominion Energy (1 is a bit concerning!) that you should be aware of before investing here.

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