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Dominion Sees 1Q EPS Near Bottom Of Guidance On Mild Weather

DOW JONES NEWSWIRES Dominion Resources Inc. (D) expects its first-quarter earnings will come in near the bottom of its December guidance, the latest power company to report that milder-than-usual temperatures have compounded challenges facing the industry. The Virginia electricity and natural gas company estimated the impact of the mild weather at 10 cents to 11 cents a share. The company in December had projected per-share profit of 85 cents to $1. Dominion, which affirmed its guidance for the full year, expects to report its first-quarter results on April 26. The company in January posted lower fourth-quarter profit on weakness in its wholesale power business, though it also said it sees growth in natural gas, particularly exports. Shares recently fell 1.4% to $50.80 premarket. The stock is down roughly 3% this year. -By Tess Stynes, Dow Jones Newswires; 212-416-2481; Tess.Stynes@dowjones.com

Stock News for Dominion (D)
DateTimeHeadline
05/27/201612:50:00Dominion Virginia Power Considers Options for Offshore Wind Demonstration...
05/23/201616:40:00Dominion Announces Remarketing of 2.962% Junior Subordinated...
05/23/201616:17:00Fluor Completes Dominion’s Brunswick County Power Station
05/17/201610:00:002,000 Vehicle Accidents Involved Utility Poles Last Year in Virginia
05/12/201610:39:00Questar Corporation Shareholders Approve Combination with Dominion...
05/11/201613:00:00Dominion Declares Quarterly Dividend of 70 Cents
05/04/201612:00:00Dominion Reports Profit Decline, Issues Downbeat Guidance
05/04/201607:30:00Dominion Announces First-Quarter Earnings
04/27/201609:08:00Longtime Questar Executives Chosen to Head Dominion Questar
04/27/201609:00:00Questar Chairman, President and CEO Ron Jibson to Retire upon...
04/26/201610:00:00Brunswick Power Station Producing Electricity for Customers
04/26/201608:00:00Dominion to Honor 18 Volunteers of the Year for Selfless Service...
04/25/201614:30:00One Call Can Help Keep You Safer This Spring
04/22/201612:30:00Dominion's Project Plant It! Branches Out for 10th Anniversary
04/21/201609:30:00Dominion Continues Tradition by Awarding $1 Million in Environmental...
04/20/201605:40:00Dutch Court Quashes Award to Former Yukos Owners
04/13/201610:45:00Dominion's Support for Military Receives More Accolades
04/11/201609:00:00Dominion Transmission Office Designated West Virginia's First...
04/07/201616:05:00Dominion And Dominion Midstream Schedule First-Quarter Earnings...
04/05/201609:40:00U.S. Hot Stocks: Hot Stocks to Watch

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