Dominion Energy Cuts 2Q23 Operating Earnings Guidance Hit By Weather And Unplanned Outages
Portfolio Pulse from Akanksha Bakshi
Dominion Energy has updated its Q2 2023 operating earnings guidance due to the impact of mild weather and unplanned outages at the Millstone Power Station. The company has reduced its earnings guidance to $0.44-$0.50 per share, down from the previous estimate of $0.58-$0.68. The company's shares are currently trading higher by 0.15% at $51.90.
June 30, 2023 | 2:17 pm
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Dominion Energy's Q2 2023 earnings guidance has been reduced due to mild weather and unplanned outages, potentially impacting investor sentiment.
The reduction in Dominion Energy's earnings guidance for Q2 2023 is a significant event that could negatively impact investor sentiment and the company's stock price in the short term. Despite this, the company's shares are currently trading higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100