Dominion Energy, Inc. Reports Financial Results for the Fourth Quarter and Full Year of 2017; Provides Financial Guidance for the First Quarter and Full Year of Fiscal 2018
For the full year, the company reported, the company reported operating revenue was $12,586 million against $11,737 million a year ago. Income from operations was $4,130 million against $3,627 million a year ago. Income from continuing operations including non-controlling interests before income taxes was $3,090 million against $2,867 million a year ago. Income from continuing operations including non-controlling interests was $3,257 million against $2,212 million a year ago. Net Income attributable to the company $3,136 million or $4.93 diluted per share against $2,123 million $3.44 diluted per share a year ago. Operating earnings were $2,289 million or $3.60 per share compared to operating earnings of $2,347 million or $3.80 per share for the same period in 2016.
The company provided earnings guidance for the first quarter and full year of 2018. First-quarter 2018 operating earnings are expected to be in the range of $0.95-$1.15 per share.
For the full year, the company expects full-year 2018 operating earnings in the range of $3.80-$4.25 per share, compared to full-year 2017 operating earnings of $3.60 per share. Positive factors include a return to normal weather in the regulated service territories, one fewer Millstone refueling outage, revenues from Cove Point export contracts, and the benefit of a lower tax rate due to tax reform.