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Dominion Energy (NYSE: D): Q3 2019 Earnings Snapshot

By Staff Correspondent |
Earnings Update by AlphaStreet

— Dominion Energy (NYSE: D) reported its third-quarter 2019 operating earnings of $1.18 per share versus $1.14 per share expected.

— The results were driven by strong performance across its business units, combined with favorable weather.

Dominion Energy (NYSE: D) Q3 2019 Earnings Snapshot

— Operating revenue soared by 24% to $4.27 billion versus $4.51 billion expected.

— Looking ahead into the fourth quarter, the company expects operating earnings in the range of $1.10 to $1.25 per share versus the consensus estimates of $1.17 per share.

— The company expects negative drivers for the fourth quarter to include the impact of 2018 asset sales, share issuances and a return to normal weather.

— For the full year 2019, operating earnings are anticipated to be in the range of $4.15 to $4.30 per share. This is compared to the Street’s view of $4.19 per share.

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