Dominion Energy Announces Fourth-Quarter and Full-Year 2019 Earnings

11Feb - by Editor - 0 - In STL.News

– Fourth-quarter 2019 GAAP (reported) earnings of $1.32 per share; operating earnings of $1.18 per share

– Full-year 2019 reported earnings of $1.73 per share; operating earnings of $4.24 per share

– Company initiates 2020 operating earnings guidance of $4.25 to $4.60 per share

RICHMOND, VA (STL.News) Dominion Energy (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2019, of $1.1 billion ($1.32 per share) compared with net income of $641 million ($0.97 per share) for the same period in 2018.  Reported earnings for the twelve months ended Dec. 31, 2019, were $1.4 billion ($1.73 per share) compared with earnings of $2.4 billion ($3.74 per share) for the same period in 2018.

Operating earnings for the three months ended Dec. 31, 2019, were $988 million ($1.18 per share), compared with operating earnings of $592 million ($0.89 per share) for the same period in 2018.  Operating earnings for the twelve months ended Dec. 31, 2019, were $3.4 billion ($4.24 per share) compared with operating earnings of $2.7 billion ($4.05 per share) for the same period in 2018.

Operating earnings are defined as reported earnings adjusted for certain items.  Details of operating earnings as compared to prior periods, business segment results and detailed descriptions of items included in reported earnings but excluded from operating earnings can be found on Schedules 1, 2, 3 and 4 of this release.

NOTE: this is NOT the complete release.

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