Q4 24 EPS
$0.58
BEAT +4.60%
Est. $0.55
Q4 24 Revenue
$3.40B
MISS 13.73%
Est. $3.94B
vs S&P Since Q4 24
+10.5%
BEATING MARKET
D +30.8% vs S&P +20.3%
Full Year 2024 Results
FY 24 EPS
$2.77
FY 24 Revenue
$14.46B
Market Reaction
Did D Beat Earnings? Q4 2024 Results
Dominion Energy posted a mixed fourth quarter, beating earnings expectations while falling short on revenue as the utility navigated softer top-line results with stronger operational performance beneath the surface. The company reported adjusted EPS … Read more Dominion Energy posted a mixed fourth quarter, beating earnings expectations while falling short on revenue as the utility navigated softer top-line results with stronger operational performance beneath the surface. The company reported adjusted EPS of $0.58, clearing the $0.55 consensus estimate by 4.60%, even as revenue of $3.40 billion declined 3.8% year over year and missed expectations by 13.73%. The earnings outperformance was largely driven by Dominion Energy Virginia, where rider equity returns contributed $112 million in incremental earnings and helped push the segment's operating income to $440 million from $369 million a year earlier. The Contracted Energy segment also swung from a $19 million loss to $54 million in operating earnings, aided by improved Millstone nuclear margins. Looking ahead, management narrowed its 2025 operating EPS guidance range to $3.28 to $3.52, preserving a $3.40 midpoint, and reaffirmed a 5% to 7% long-term growth target through 2029, supported by a newly expanded $50.10 billion five-year capital plan aimed at meeting surging data center power demand across its service territories.
Key Takeaways
- • Rider equity returns contributed $112 million incremental operating earnings in Q4 for Virginia segment
- • Improved Contracted Energy margins and favorable Millstone outage comparisons
- • Customer-elected rate impacts in Virginia contributed $18 million in Q4
- • Base & RSA rate case impacts in South Carolina contributed $35 million in Q4
- • Lower net interest expense in Corporate and Other segment
D YoY Financials
Q4 2024 vs Q4 2023, source: SEC Filings
“We delivered 2024 operating earnings per share in the top half of our guidance range despite worse-than-normal weather in our regulated service areas. In addition, we continued to successfully provide the reliable, affordable, and increasingly clean energy that powers our customers every day while achieving near-record employee safety performance.”
— Bob Blue, Q4 2024 Earnings Press Release
D Earnings Trends
D vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
D EPS Trend
Earnings per share: estimate vs actual
D Revenue Trend
Quarterly revenue: estimate vs actual
D Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 BEAT | $0.91 | $0.95 | +4.37% | $5.02B | +13.45% |
| Q4 25 BEAT FY | $0.67 | $0.68 | +1.40% | $4.09B | +9.97% |
| FY Full Year | — | $3.42 | — | $16.51B | — |
| Q3 25 BEAT | $0.95 | $1.06 | +11.84% | $4.53B | +6.52% |
| Q2 25 BEAT | $0.68 | $0.75 | +10.68% | $3.81B | +4.32% |
| Q1 25 BEAT | $0.76 | $0.93 | +23.16% | $4.08B | +7.96% |
| Q4 24 BEAT FY | $0.55 | $0.58 | +4.60% | $3.40B | -13.73% |
| FY Full Year | — | $2.77 | — | $14.46B | — |