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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; [email protected]

Stock News for Dominion (D)
DateTimeHeadline
01/19/201711:14:00Dominion's Project Plant It!® Now Open for Online Registration
01/18/201714:00:00Dominion Promotes Five to Its Executive Ranks
01/18/201709:30:00Dominion to Award $1 Million in Environmental Education and Stewardship...
01/11/201712:00:00Sun at Work in Virginia
01/10/201716:05:00Dominion, Dominion Midstream Schedule Fourth-Quarter Earnings...
01/09/201711:58:00Nuclear Plants Fall Victim to Economic Pressures -- 2nd Update
01/09/201710:14:00Nuclear Plants Fall Victim to Economic Pressures -- Update
01/09/201705:59:00Nuclear Plants Fall Victim to Economic Pressures
01/06/201709:55:00Better reliability, environmental improvements benefit Dominion...
12/28/201616:42:46Westmoreland Amends ROVA Contracts, Creates Cash Savings Through...
12/20/201612:32:00Dominion Listed Among America's Best Corporate Citizens in 2016...
12/16/201612:30:00Dominion Board of Directors Increases Dividend Rate by 8 Percent
12/14/201615:45:00Brunswick County Power Station named "Project of the Year"
12/08/201610:50:00Dominion Provides $1 Million for Youth Educational Enrichment
12/02/201610:34:00Dominion East Ohio Ready for Colder Winter Temperatures: Customers...
12/01/201616:30:00Dominion Midstream Partners Completes Acquisition of Questar...
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...

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