Free Research Report as Dominion Energy Posted Q3 FY17 Results Beating Top- and Bottom-line Expectations
Stock Monitor: Azure Power Global Post Earnings Reporting
LONDON, UK / ACCESSWIRE / December 04, 2017 / Active-Investors free earnings report on Dominion Energy, Inc. (NYSE: D) has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=D. Dominion Energy reported its third quarter fiscal 2017 results on October 30, 2017. The Richmond-based larger producer and transporter of energy saw revenue grow on a y-o-y basis. The Company also provided guidance for the fiscal year and upcoming quarter. Register today and get free access to our complimentary member's area where many more reports are available:
www.active-investors.com/registration-sg
Active-Investors.com is currently working on the research report for Azure Power Global Limited (NYSE: AZRE), which also belongs to the Utilities sector as the Company Dominion Energy. Do not miss out and become a member today for free to access this upcoming report at:
www.active-investors.com/registration-sg/?symbol=AZRE
Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Dominion Energy most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:
www.active-investors.com/registration-sg/?symbol=D
Earnings Highlights and Summary
During Q3 FY17, Dominion Energy reported sales of $3.18 billion compared to $3.13 billion, resulting in a 1.50% increase on a y-o-y basis. Revenue numbers topped analysts' numbers of $3.31 billion. Operating expenses amounted to $1.98 billion in Q3 FY17 compared to $1.99 billion in Q3 FY16, declining by 0.40% y-o-y.
Dominion Energy's net income was $665.00 million in Q3 FY17 compared to $690.00 million in Q3 FY16, declining by 3.62% y-o-y, due to milder weather in the regulated service territory, step down in solar investment tax credits, and reduction of cove point import contract revenues.
The Company's diluted EPS was $1.03 in the current quarter compared to $1.10 in Q3 FY16, due to continued mild weather in the Company's regulated service territory. Dominion Energy's operating earnings for the three months ended September 30, 2017, were $672 million, or $1.04 per share, compared to operating earnings of $716 million, or $1.14 per share, for Q3 2016. Earnings numbers beat analysts' estimates of $1.02.
Segment Details
The Company operates in two business segments: Electric Sales and Gas Sales. The Electric Sales' segment reported revenues of $2.49 billion in Q3 FY17 compared to $2.55 billion in Q3 FY16, declining by 2.28% on a y-o-y basis. The Gas Sales' segment posted revenue of $691.00 million in the current quarter compared to $586.00 million in Q3 FY16, increasing by 17.92% on a y-o-y basis.
The Company's operating segments are mainly: Power Delivery; Power Generation; and Gas Infrastructure. The Power Delivery segment reported operating earnings of $138.00 million compared to $139.00 million in the year earlier same quarter. The Power Generation segment reported operating earnings of $369.00 million in Q3 FY17 compared to $650.00 million in Q3 FY16, declining by 43.23% on a y-o-y basis. The Gas Infrastructure segment reported operating earnings of $187.00 in Q3 FY17 compared to $135.00 million; increasing by 38.52% on a y-o-y basis.
Cash Matters
Dominion Energy posted cash and cash equivalents of $13.00 million for nine months ending September 30, 2017, compared to $8.00 million for the same period ending fiscal 2016.
The Company's net income amounted to $302.00 million for nine months ending September 30, 2017, compared to $286.00 million for the same period in fiscal 2016.
Outlook
Dominion Energy expects operating earnings per share for fiscal 2017 to be in the range of $3.40 to $3.90, while for the fourth quarter of 2017, the Company expects earnings to be in the band of $0.80 to $1.00 per share. The Company aims to grow by at least 10% for operating earnings per share.
Stock Performance Snapshot
December 01, 2017 - At Friday's closing bell, Dominion Energy's stock marginally declined 0.67%, ending the trading session at $83.57.
Volume traded for the day: 2.57 million shares, which was above the 3-month average volume of 2.21 million shares.
Stock performance in the last month – up 3.83%; previous three-month period – up 6.69%; past twelve-month period – up 14.87%; and year-to-date – up 9.11%
After last Friday's close, Dominion Energy's market cap was at $53.70 billion.
Price to Earnings (P/E) ratio was at 24.64.
The stock has a dividend yield of 3.69%.
The stock is part of the Utilities sector, categorized under the Electric Utilities industry.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors
