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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Dominion Energy Inc | NYSE:D | NYSE | Common Stock |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.80 | 1.53% | 53.24 | 53.40 | 52.455 | 52.65 | 3,402,673 | 20:46:10 |
From May 2022 to May 2024
By Will Feuer
Dominion Energy Inc. posted higher profit for the third quarter as revenue gains outpaced higher costs, which were largely driven by energy-related expenses.
The Richmond, Va.-based energy company reported earnings of $778 million, or 91 cents a share, compared with $654 million, or 79 cents a share, in the same period a year earlier.
Adjusted earnings came to $1.11 a share. Analysts surveyed by FactSet were expecting adjusted earnings of $1.08 a share.
Operating revenue for the three months ended Sept. 30 rose to $4.39 billion from $3.18 billion a year earlier. Analysts were expecting revenue of $3.99 billion, according to FactSet.
Total operating expenses increased to $3.31 billion, up from $2.34 billion in the previous year, largely driven by energy-related purchases.
"Like everyone, we are seeing inflation, supply chain limitations and higher fuel prices--all having an impact on customer rates and our balance sheet strength," Chief Executive Bob Blue said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
November 04, 2022 08:01 ET (12:01 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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