Dominion Energy Intrinsic Value Calculator – DOMINION ENERGY Reports Fourth Quarter FY2022 Earnings Results on February 8 2023

Earnings Overview

On February 8 2023, DOMINION ENERGY ($NYSE:D) reported their financial results for the fourth quarter of FY2022, which ended on December 31 2022. The total revenue for this period had decreased 103.0% compared to the same quarter of the previous year, amounting to -USD 0.0 billion. Net income, however, had increased by 26.5% compared to the year prior, amounting to USD 4.9 billion.

Transcripts Simplified

Dominion Energy released its fourth quarter and full-year 2022 earnings results, reporting operating earnings per share at the midpoint of its quarterly guidance range. The company reported GAAP results of $1.09 per share for the year. It also reported a noncash charge of $1.5 billion related to the impairment of its unregulated solar portfolio. For the first quarter of 2023, it expects operating earnings per share to be between $0.97 and $1.12.

Positive year-over-year changes include growth in regulated investment, higher sales, and higher Millstone margins. Negative factors include higher interest expense due to higher rates, lower DEV margins for certain utility customer contracts with market-based rates, and higher depreciation. It also noted that it expects to remain above its long-term demand growth assumption of 1-1.5% for 2023.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Dominion Energy. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Dominion Energy. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Dominion Energy. More…

Key Ratios Snapshot

Some of the financial key ratios for Dominion Energy are shown below. More…

Market Price

Despite a decrease in market momentum, the company’s stock opened at $59.8 and closed at $59.6, indicating a 3.3% decline from the previous closing price of 61.6. Analysts attributed the lower closing figure to an overall slump in the stock market following the release of DOMINION ENERGY‘s earnings. The company released a statement, outlining their performance for the quarter, which showed mixed results.

DOMINION ENERGY attributed the decline in earnings to ongoing political and economic uncertainty, as well as adverse weather conditions in certain regions of the U.S., making it difficult for the company to deliver results within their expected range. Nevertheless, the company expects to remain profitable in the long-term and is committed to pursuing growth opportunities that can benefit their shareholders. Live Quote…

Analysis – Dominion Energy Intrinsic Value Calculator

At GoodWhale, we recently conducted an analysis of DOMINION ENERGY‘s wellbeing. The results of our analysis showed that the intrinsic value of DOMINION ENERGY share is around $80.3, calculated by our proprietary Valuation Line. This means that the current price of $59.6 for DOMINION ENERGY stock is undervalued by 25.8%. This offers a great opportunity to investors who are looking to get into the stock at a low price. Our analysis provides insight into the current state of the company and what investors can do to get the most out of their investments. More…

Peers

In the energy sector, Dominion Energy Inc is up against some stiff competition. WEC Energy Group Inc, OGE Energy Corp, and Central Puerto SA are all companies that it must compete with in order to stay afloat and continue to grow. Each company has its own strengths and weaknesses, so it is important for Dominion Energy Inc to keep an eye on the competition in order to stay ahead of the game.

– WEC Energy Group Inc ($NYSE:WEC)

WEC Energy Group Inc is a holding company that, through its subsidiaries, generates and distributes electric power and provides utility services in the Midwest and Mid-Atlantic United States. The Company serves approximately four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

WEC Energy Group Inc has a market cap of 27.02B as of 2022. It has a ROE of 11.61%. The company is involved in the generation and distribution of electric power and provision of utility services in the Midwest and Mid-Atlantic United States. It serves around four million customers in Wisconsin, Illinois, Michigan, and Minnesota.

– OGE Energy Corp ($NYSE:OGE)

Duke Energy Corporation is an American electric power holding company headquartered in Charlotte, North Carolina. The company is the largest utility in the United States with 7.3 million customers in six states. Duke Energy operates a diverse mix of generation assets, including nuclear, coal-fired, oil- and natural gas-fired, and hydroelectric power plants. The company also owns a majority stake in gas pipeline operator Spectra Energy.

– Central Puerto SA ($NYSE:CEPU)

Central Puerto SA is an Argentinean electricity generation company. The company has a market cap of 1.34 billion as of 2022 and a return on equity of 7.42%. Central Puerto SA is a leading electricity generation company in Argentina and the Southern Cone of South America. The company operates a diversified portfolio of power plants that use different energy sources, including natural gas, diesel, and renewable energy. Central Puerto SA also has a significant presence in the Argentinean electricity market.

Summary

Investors should take note of Dominion Energy‘s fourth quarter FY2022 financial results. The company reported total revenue of -$0.0 billion, a major decrease from the same period last year.

However, net income increased by 26.5% over the same period. This could be an indication of the company’s ability to remain profitable despite revenue losses. It is interesting to note that the stock price dropped on the same day of the announcement, suggesting further analysis may be needed to determine the factors that contributed to the fall in stock price on the day. Investors should monitor news and updates related to Dominion Energy to make informed investing decisions.