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)
12/01/201515:10:00IEA Chief Reiterates Forecast for $80 Oil
11/30/201518:37:00Dominion Resources & Dominion Charity Classic name Virginia Values...
11/28/201509:37:04Where Renewable Energy is Beating Fossil Fuels
11/24/201511:37:00Dominion Virginia Power Urges Customers to Stay Alert to Scams...
11/23/201510:00:035 Things Dominion Resources Inc. Wants You to Know
11/23/201508:00:00Dominion Gives $1 Million to Community Organizations That Provide...
11/17/201508:00:00Dominion Construction Projects to Produce $10 Billion in Economic...
11/16/201507:55:00Dominion Acquires Solar Energy Project on Virginia's Eastern...
11/10/201514:29:00Dominion Virginia Power Marks Veteran's Day by Helping Local...
11/07/201509:00:19Dominion Resources Inc. Generates Solid Earnings
11/06/201510:00:00Dominion Informs NRC of Intent to Seek Second License Renewal...
11/06/201509:00:00Dominion takes steps to protect eagles, other large birds
11/05/201516:05:00Dominion To Present At The 50th EEI Financial Conference
11/04/201515:26:00Millstone Power Station Terminates Alert Caused by Fire
11/04/201513:31:00Dominion Generation Declares Alert At Millstone Power Station
11/02/201509:26:00Dominion Reports Profit Increase Thanks to Weather, Transactions
11/02/201507:30:00Dominion Announces Third-Quarter 2015 Earnings
11/01/201518:50:34My Defensive Stock Want To Add To Buy List With Mini-Evaluation...
11/01/201518:39:25Getting Defensive: My 30 Portfolio Stocks That Qualify With Evaluation...
11/01/201517:30:31Notable earnings before Monday’s open

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