Dominion Energy beats by $0.02, misses on revs; guides Q4 EPS in-line
- Reports Q3 (Sep) operating earnings of $1.04 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $1.02; revenues rose 1.5% year/year to $3.18 bln vs the $3.31 bln Capital IQ Consensus.
- Co issues in-line guidancefor Q4, sees EPS of $0.80-1.00 vs. $0.91 Capital IQ Consensus Estimate.
- "The Cove Point Liquefaction construction is effectively complete and the facility is going through its advanced-commissioning phase. The work continues on-time and on-budget and we expect to be in-service by the end of the year...Our 1,588 megawatt Greensville County combined cycle power station is approximately 60 percent complete and is expected to begin commercial operations in late 2018. Since our last earnings call we've made exciting announcements around our investment in solar-powered generation for a $1 billion Facebook facility in Virginia, steps toward the development of a large pumped storage power generation facility, and progress on our off-shore wind project."
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