Dominion Energy Inc. (NYSE:D) reported third-quarter revenue of $3.941 billion, missing the consensus of $4.179 billion.

Operating expenses decreased to $2.72 billion from $2.78 billion a year ago.

Adjusted operating profit increased to $835 million, compared to $651 million for the same period in 2023. Adjusted EPS was $0.98, compared to $0.75 a year ago. beating the consensus by $0.93.

As of September 30, the company had cash and species the equivalent of $1.78 billion.

Dividend: The company declared a quarterly dividend of 66.75 cents per share, payable on December 20 to shareholders of record as of November 29.

Outlook: The company reduced FY24 operating EPS to $2.68 – $2.83 (from $2.62 – $2.87 earlier)versus consensus of $2.77.

The company also maintained FY25 operating EPS of $3.25 to $3.54 from $3.54. $3.39 consensus.

Investors can gain exposure to the stock via BNY Mellon ETF Trust BNY Mellon Global Infrastructure Income ETF (BATS:BKGI) And WBI Power Factor High Dividend ETF (NYSE:WBIY).

Price action: Dominion Energy shares are up 0.76% at $59.98 pre-market at last check Friday.

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This item Dominion Energy Q3 Results: Shortfall, Higher Profits and Updated FY24 Guidance originally appeared on Benzinga.com

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