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)
02/04/201612:17:00SHAREHOLDER ALERT: The Law Offices of Vincent Wong Launches an...
02/04/201610:10:00Dominion Resources and the Library of Virginia Honor Eight African-American...
02/04/201608:20:00Saudi Aramco Cuts Prices for Mediterranean Customers
02/03/201612:29:00Milberg LLP Announces Investigation of Proposed Sale of Questar...
02/02/201616:05:00INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of...
02/02/201610:00:00Dominion to Award $1 Million in Environmental Grants
02/02/201603:02:00Gas Distributors Agree To Combine
02/01/201608:30:00Dominion Resources Agrees to Buy Questar
02/01/201608:24:00Dominion Resources Agrees to Buy Questar for $4.4 Billion...
02/01/201608:21:00Dominion Resources Agrees to Buy Questar for $4.4 Billion
02/01/201607:05:00Dominion Announces Fourth-Quarter and Full-Year 2015 Earnings
02/01/201607:00:00Dominion Resources, Questar Corporation to Combine
01/27/201614:05:00Dominion's Project Plant It! Now Online and Open for Registration
01/21/201614:30:00Dominion Declares Quarterly Dividend of 70 Cents
01/21/201609:20:00Dominion Virginia Power Is Prepared For Heavy Snowfall, High...
01/19/201606:50:00SunEdison Closes On Second Phase Of Dominion Transaction, Terra...
01/19/201606:50:00Dominion Closes on Final Phase of Solar Sale to SunEdison
01/18/201610:10:00OPEC Says Weak Oil Prices to Curb Output
01/14/201616:45:00Dominion Resources, Inc., Recommends Shareholder Rejection of...

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 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations