Dominion Energy (D) Tops Q1 EPS by 8c

Dominion Energy (NYSE: D) reported Q1 EPS of $1.14, $0.08 better than the analyst estimate of $1.06. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.52 billion.

• Company expects to produce results that are above the midpoint of the reaffirmed full-year 2018 operating earnings guidance of $3.80 to $4.25 per share - Company affirms intention to increase dividends per share by 10% per year through 2019 and 6%--10% in 2020

• Dominion Energy expects second-quarter 2018 operating earnings in the range of $0.70-$0.80 per share, compared to second-quarter 2017 operating earnings of $0.67 per share. Positive drivers include earnings contributions from Cove Point, a return to normal weather and the absence of a refueling outage at Millstone Power Station. The company expects negative drivers for the quarter to include lower investment tax credits, higher financing costs and a higher share count.

For earnings history and earnings-related data on Dominion Energy (D) click here.

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