Business News: Dominion Energy Announces Second-Quarter Earnings

– Second-quarter 2019 GAAP reported earnings of $0.05 per share
– Second-quarter 2019 operating earnings of $0.77 per share
– Company affirms 2019 operating earnings guidance of $4.05 to $4.40 per share

RICHMOND, VA (STL.News) – Dominion Energy (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended June 30, 2019 of $54 million ($0.05 per share) compared with net income of $449 million ($0.69 per share) for the same period in 2018.

Operating earnings for the three months ended June 30, 2019, were $619 million ($0.77 per share), compared with operating earnings of $560 million ($0.86 per share) for the same period in 2018.  The difference between GAAP and operating earnings was primarily attributable to charges related to SCANA merger integration and a voluntary retirement program.

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