Dominion Energy (NYSE: D): Q4 2019 Earnings Snapshot

— Dominion Energy (NYSE: D) reported operating earnings of $988 million or $1.18 per share for the fourth quarter of 2019, on an adjusted basis, compared to $592 million or $0.89 per share last year, vs. $1.16 per share expected.

— Unadjusted profit was $1.1 billion or $1.32 per share, up from $641 million or $0.97 per share reported for the same period in 2018

— The results benefitted from strong performance across all the key business units

– Operating revenue advanced to $4.48 billion from $3.36 billion last year, vs. $5.04 billion expected

— Expects full-year 2020 operating earnings to be in the range of $4.25 per share to $4.60 per share, compared to $4.24 per share reported for 2019

— Expects certain negative drivers for 2020, including increased minority interest expense associated with the equity recapitalization of Cove Point and share dilution

— For the first quarter of 2020, expects operating earnings to be in the range of $1.05 per share to $1.25 per share

Get
access to timely and accurate verbatim transcripts that are published
within hours of the event.