D is expected to benefit from the rising demand for clean energy in its service territories. The company is planning to invest more to strengthen operations.
For almost 2.5 years, we have watched the market take off on a ride we haven't seen since the dot-com era of the mid-to-late 1990s.
Dominion Energy NYSE: D is a major player in the United States energy sector. The company recently released its fourth-quarter earnings report for 2024.
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Dominion Energy's Q4 results showed a mixed performance. EPS beat expectations slightly, but sales declined 3.7% yearly to $3.4B. The company targets 5%- 7% EPS growth from 2025 to 2029, driven by $50B in capital investments, including the Coastal Virginia Offshore Wind project. Concerns include potential cost overruns on CVOW, inflationary pressures, and reduced government support, leading to a neutral rating on Dominion.
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While the top- and bottom-line numbers for Dominion Energy (D) give a sense of how the business performed in the quarter ended December 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Dominion Energy, Inc. (NYSE:D ) Q4 2024 Earnings Call Transcript February 12, 2025 10:00 AM ET Company Participants David McFarland - Investor Relations Bob Blue - President, CEO & Chairman of the Board Steven Ridge - Executive VP & CFO Diane Leopold - Executive VP & Chief Operating Officer Conference Call Participants Shar Pourreza - Guggenheim Partners Nick Campanella - Barclays Jeremy Tonet - JPMorgan David Arcaro - Morgan Stanley Anthony Crowdell - Mizuho David Paz - Wolfe Operator Welcome to the Dominion Energy Fourth Quarter 2024 Earnings Conference Call. At this time, each of your line is in listen-only mode.
D's fourth-quarter earnings are better than expected. The company continues to enjoy strong demand from data centers in its service territories.
Dominion Energy (D) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.29 per share a year ago.
Dominion Energy raised its five-year capital expenditure plan on Wednesday as the utility firm sought to cash in on the potential growth in power demand from a rise in data centers across the U.S.
D's fourth-quarter results are expected to benefit from regulated investments and higher sales volume.