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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;

Stock News for Dominion (D)
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11/25/201613:50:00Saudi Arabia to Skip Meeting With Non-OPEC Producers
11/21/201617:14:00Executives Promoted to Head Dominion Energy, Dominion Virginia...
11/21/201610:15:00Dominion Gives More Than $1 Million to Charitable Groups Meeting...
11/17/201617:22:00Dominion Announces Significant Expansion of Solar Energy in Virginia...
11/15/201613:06:00Dominion East Ohio Recognizes November 16, 2016, As Utilities...
11/14/201609:36:00Dominion Reminds Customers to be Aware of and Fight Back against...
11/11/201607:30:00OPEC's Oil Production Cut in Doubt as Output Flows
11/10/201608:45:00New Web-Based Resource For Virginia Veterans And Families Launches...
11/07/201615:34:00Dominion Memorial Scholarship Fund Accepting Applications
11/01/201609:00:002019 Commemoration Receives $1.2 Million Gift from Dominion Resources
10/31/201609:18:00Dominion Midstream Partners Announces Upsizing, Pricing of Limited...
10/31/201607:53:00Dominion Midstream to Acquire Questar From Dominion Resources
10/31/201606:03:00Dominion Midstream to Acquire Questar Pipeline
10/31/201606:02:00Dominion Midstream Partners to Offer Limited Partnership Units
10/31/201606:00:00Dominion Announces Third-Quarter Earnings
10/28/201616:40:00Dominion Declares Quarterly Dividend of 70 Cents
10/28/201614:14:00Dominion East Ohio Extends $25 Energy Assessment Promotion to...
10/25/201609:52:00More Solar Generation on Tap for Dominion Virginia Power Customers

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