Dominion Energy beats by $0.02, misses on revs; guides Q1 EPS in-line; guides FY18 EPS in-line (75.50)
- Reports Q4 (Dec) earnings of $0.91 per share (GAAP EPS $2.25 including tax benefit), excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.89; revenues rose 4.0% year/year to $3.21 bln vs the $3.47 bln Capital IQ Consensus.
- Co issues in-line guidance for Q1, sees EPS of $0.95-1.15, excluding non-recurring items, vs. $1.10 Capital IQ Consensus Estimate.
- Co issues in-line guidance for FY18, sees EPS of $3.80-4.25, excluding non-recurring items, vs. $4.04 Capital IQ Consensus Estimate.
- "Construction of the 1,588-megawatt Greensville County combined cycle power station continues on time and on budget. The project is approximately 73 percent complete and is expected to begin commercial operations in late 2018. We recently received a Limited Notice to Proceed from FERC for the Atlantic Coast Pipeline and the Supply Header Project which allows us to remain on schedule for completion of the projects in the second half of 2019. Cove Point Liquefaction construction is complete and we are in the final stages of commissioning."