Dominion Energy Inc (NYSE:D) shares traded higher premarket on Thursday after the company reported first-quarter revenue of $4.076 billion, beating the consensus of $3.97 billion.
Operating expenses rose to $2.85 billion from $2.80 billion a year ago.
Adjusted operating earnings rose to $803 million from $485 million in the same period in the prior year quarter.
Adjusted operating earnings in Dominion Energy Virginia rose to $561 million from $424 million a year ago.
Also, Dominion Energy South Carolina’s adjusted operating earnings rose significantly to $152 million from $80 million in the first quarter of 2024.
Meanwhile, adjusted operating earnings in the Contracted Energy segment declined to $109 million from $122 million in the prior year quarter.
Adjusted EPS was $0.93, up from $0.55 a year ago, beating the consensus of $0.75.
Outlook: The company reaffirms its 2025 operating earnings guidance range to $3.28 – $3.52 per share (consensus $3.39).
Investors can gain exposure to the stock via BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) and SPDR Select Sector Fund – Utilities (NYSE:XLU).
Price Action: Dominion Energy shares are up 2.54% at $55.76 at the last check Thursday.
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