EarningsDominion Energy reported Q2’24 operating EPS of $0.65/share vs. $0.35/share in the prior year quarter and BofA/consensus estimates of $0.58/$0.57/share, respectively.
Financial PerformanceDominion continues to execute on asset sales to shore up its balance sheet and progresses with offshore wind construction, reaching 33% project completion.
Project ProgressDominion Energy is making significant headway on the Coastal Virginia Offshore Wind project, with 42 monopiles installed since May 22 and on track to install 70-100 monopiles.