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; kristin.jones@dowjones.com

Stock News for Dominion (D)
DateTimeHeadline
07/03/201509:30:15BP Turns Page on a Dark Chapter
07/03/201506:50:04Oil Prices Fall on Strong Shale Supply
07/02/201509:50:07BP to Pay $18.7 Billion to Settle Oil Spill Claims
07/02/201508:50:04Brazil Federal Police Arrest Another Former Petrobras Executive
07/01/201519:30:38Former Petrobras Executive Seeking Plea Deal With Prosecutors
07/01/201515:30:00Dominion Asks SCC to Approve Greensville Power Station
07/01/201506:20:08Oil Declines on Bearish U.S. Inventory Data
07/01/201504:40:09Ukraine Suspends Russian Natural Gas Purchases
06/30/201516:30:39Russia, Ukraine 'Still Far Apart' on Gas Deal
06/30/201508:10:05Cenovus to Sell Royalty Business
06/29/201511:00:08Brazil's President Seeks Investment During U.S. Visit
06/29/201509:50:07Brazil's Petrobras Slashes 5-Year Investment Budget
06/29/201508:20:13Rebels Recapture South Sudan's Oil Hub Malakal
06/29/201508:10:11U.K. County Rejects Fracking Applications
06/26/201516:40:27Exxon Mobil, BP Suspend Canadian Arctic Exploratory Drilling...
06/26/201508:20:20Oil Prices Fall as Greek and Iran Deal Deadlines Loom
06/24/201508:20:07Oil Prices Under Pressure
06/23/201521:10:40Exxon Stops Pumping Oil off Coast of Santa Barbara
06/22/201506:00:04Oil Prices Rise on Greek Debt Talk Hopes
06/21/201521:00:42Brazil 'Carwash' Shrugs Off Scandal

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

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad