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Dominion Energy beats Q3 profit approximates on lower expenses and constant demand

Dominion Energy beat Wall Street price quotes for thirdquarter revenue on Friday, as the electrical utilities business gained from lower expenses and constant electrical power need during hot weather.

Energies are set to gain from growing electrical energy demand, driven primarily by AI technology and data centers, alongside increased power use in homes and businesses in the middle of record temperature levels.

The U.S. Energy Info Administration (EIA). forecasts power intake to hit record peaks in 2024 and. 2025.

The Richmond, Virginia-based company's overall operating. revenue increased to $3.94 billion in the third quarter from $3.81. billion in 2015, while total operating costs fell 2% to $2.72. billion.

Last month, Dominion signed an arrangement with e-commerce. giant Amazon to check out establishing a nuclear task. near the energy's existing power station in Virginia.

Rule's Virginia energy services the world's largest. information center market, which goes beyond the combined capability of the. next five biggest information center markets in the United States,. according to the company.

The company narrowed its full-year operating incomes. projection to $2.68-$ 2.83 per share, preserving a $2.75 midpoint,. somewhat listed below analysts' expectations of $2.77 per share,. according to LSEG information.

It reported operating incomes of 98 cents per share in the. July-September quarter, ahead of analysts' price quotes of 93 cents. per share.

(source: Reuters)