ADVFN - Advanced Financial Network.
HOME» NYSE » D » D Stock Price » D Stock News

Dominion Share News

 Dominion Resources Stock Price
D Stock Price
 Dominion Resources Stock Chart
D Stock Chart
 Dominion Resources Stock News
D Stock News
 Dominion Resources Company Information
D Company Information
 Dominion Resources Stock Trades
D Stock Trades

Dominion 1Q Net Rises 3.1% On Lower Costs, Virginia Power

DOW JONES NEWSWIRES Dominion Resources Inc.'s (D) first-quarter earnings rose 3.1% as the energy company reported lower overhead and a boost from its Virginia power business. For the current quarter, the company sees per-share earnings of 55 cents to 65 cents, shy of estimates from analysts polled by Thomson Reuters, who recently saw earnings of around 67 cents a share. Dominion's performance has stumbled in recent quarters, largely due to slides in its merchant generation business. Merchant generators sell power on the open market as opposed to at regulated rates. They have recently struggled with weak prices on the wholesale market, as natural gas prices have dropped. Dominion posted a profit of $494 million, or 86 cents a share, up from $479 million, or 82 cents a share, a year earlier. Excluding write-downs of utility and merchant stations and other items, earnings fell to 86 cents from 93 cents a share. In January, the company predicted adjusted earnings of 85 cents to $1 a share. The company said the decrease in adjusted earnings was largely due to warmer-than-normal weather in the regulated electric service territory and lower merchant generation margins, despite lower operations and maintenance expenses, higher contributions from unregulated energy marketing operations and a lower tax rate. At its merchant generation operations, profit dropped 15%. The Virginia power business, which operates utilities in Virginia and North Carolina, posted an 11% profit jump. Shares of the company, which affirmed its full-year guidance, were up 1.5% in premarket trading to $52. -By Kristin Jones; Dow Jones Newswires; 212-416-2208;

Stock News for Dominion (D)
01/21/201511:10:10OPEC El-Badri: Oil Prices Will Return to Normal 'Very Soon'
01/16/201505:10:06IEA Slashes Growth Forecast in Non-OPEC Supply
01/14/201503:20:38Premier Oil to Write Down $300 Million of Assets
01/07/201513:30:14Venezuelan President to Visit Saudi Arabia
01/06/201521:30:19Asian Shares Extend Losses
01/06/201512:50:00Oil-Related Stocks, Currencies Get a Fresh Pummeling
01/05/201507:30:06KazMunaiGaz Pulls Offer for Exploration Unit
12/30/201417:40:49BP Examined Its Own Foreign-Exchange Trading
12/30/201406:50:26Oil Prices Continue to Slide on Oversupply Concerns
12/29/201420:21:33U.S. Onshore Oil-Drilling Rig Count Down in Week
12/29/201418:07:31Libya Puts Out Some Oil-Tank Fires
12/23/201421:30:12Brazil's President Names 13 New Cabinet Members
12/22/201406:20:22Oil Prices Stage New Rally
12/18/201412:00:14Norway Central Bank to Decide Oil Fund Exclusions
12/18/201409:20:06Gulf Oil Ministers Defend OPEC Output Stance
12/18/201407:10:14Saudi Oil Minister: Difficult For OPEC to Cut Output
12/16/201409:38:20Scana to Sell Wholesale Businesses for $650 Million
12/15/201413:16:59Cameroon Expects Crude-Oil Output to Jump in 2015
12/11/201409:10:10Iraq State Oil Marketing Company Denies OPEC Price War
12/11/201407:20:32Oil Sees Slight Recovery as Markets Catch Breath

Dominion Res and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations