Q4 24 EPS
$0.58
Q4 24 Revenue
$3.40B
vs S&P Since Q4 24
+2.5%
BEATING MARKET
D +20.7% vs S&P +18.2%
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 closed out 2024 on a strong note, reporting Q4 operating earnings of $0.58 per share on revenue of $3.40 billion, doubling the $0.29 per share it posted in the year-ago quarter and landing full-year operating EPS at $2.77, comfortably… Read more Dominion Energy closed out 2024 on a strong note, reporting Q4 operating earnings of $0.58 per share on revenue of $3.40 billion, doubling the $0.29 per share it posted in the year-ago quarter and landing full-year operating EPS at $2.77, comfortably in the top half of its guidance range despite unfavorable weather across regulated service areas. The standout driver was Dominion Energy Virginia, which contributed $440 million in Q4 operating earnings, up from $369 million a year earlier, fueled by rider equity returns tied to the utility's rapidly expanding infrastructure footprint. On a GAAP basis, results were weighed down by $276 million in regulated asset retirements and charges, including costs tied to the Coastal Virginia Offshore Wind project. Looking ahead, the company narrowed its 2025 operating EPS guidance to $3.28–$3.52, maintaining a midpoint of $3.40, while reaffirming 5%–7% annual growth through 2029, a target increasingly anchored by surging data center demand, which has also prompted the company to lift its five-year capital plan to $50.1 billion.
Key Takeaways
- • Rider equity returns drove higher Dominion Energy Virginia earnings
- • Customer-elected rate impacts contributed to Virginia segment growth
- • Base and RSA rate case impacts benefited Dominion Energy South Carolina
- • Improved margins and favorable outage comparisons at Millstone boosted Contracted Energy
- • Nuclear production tax credits contributed $36 million quarter-over-quarter improvement
- • Operating earnings delivered in top half of guidance range despite worse-than-normal weather
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
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $0.95 | — | $5.02B | +13.45% |
| 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 FY | — | $0.58 | — | $3.40B | — |
| FY Full Year | — | $2.77 | — | $14.46B | — |