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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
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02/04/201612:17:00SHAREHOLDER ALERT: The Law Offices of Vincent Wong Launches an...
02/04/201610:10:00Dominion Resources and the Library of Virginia Honor Eight African-American...
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02/03/201612:29:00Milberg LLP Announces Investigation of Proposed Sale of Questar...
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02/02/201610:00:00Dominion to Award $1 Million in Environmental Grants
02/02/201603:02:00Gas Distributors Agree To Combine
02/01/201608:30:00Dominion Resources Agrees to Buy Questar
02/01/201608:24:00Dominion Resources Agrees to Buy Questar for $4.4 Billion...
02/01/201608:21:00Dominion Resources Agrees to Buy Questar for $4.4 Billion
02/01/201607:05:00Dominion Announces Fourth-Quarter and Full-Year 2015 Earnings
02/01/201607:00:00Dominion Resources, Questar Corporation to Combine
01/27/201614:05:00Dominion's Project Plant It! Now Online and Open for Registration
01/21/201614:30:00Dominion Declares Quarterly Dividend of 70 Cents
01/21/201609:20:00Dominion Virginia Power Is Prepared For Heavy Snowfall, High...

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