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Dominion (D) Meets Q2 Earnings Estimates, Misses Revenues

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Dominion Resources (D - Free Report) is one of the largest producers and transporters of energy, with a portfolio of nearly 25,700 megawatts of generation assets, 12,200 miles of natural gas transmission, gathering and storage pipeline and 6,500 miles of electric transmission lines.

Dominion is among the nation's largest natural gas storage systems with 933 billion cubic feet of storage capacity and serves utility and retail energy customers in 14 states. Dominion is gradually building up its renewable assets through organic and inorganic routes.

Estimate Trend & Surprise History

Investors should note that the second quarter Zacks Consensus Estimate for earnings of 71 cents per share has remained unchnaged over the last 90 days.

Coming to the earnings surprise, Dominion Resources has surpassed the Zacks Consensus Estimate in one of the last four quarters, resulting in an overall negative average surprise of 5.25%.

DOMINION RES VA Price and EPS Surprise

DOMINION RES VA Price and EPS Surprise | DOMINION RES VA Quote

Zacks Rank: Currently, Dominion Resources has a Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. We have mentioned below some of the vital information from this just-revealed announcement:

Earnings: Dominion Resources’ second quarter 2016 EPS of 71 cents were in line with the Zacks Consensus Estimate.

Revenue: Dominion’s total revenues came in at $2.59 billion, which lagged the Zacks Consensus Estimate of $2.74 billion by 5.5%.

Key Stats: At the end of the second quarter the company was serving 24,273 additional electric delivery customers compared with the year-ago level.

Stock Price: It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on this Dominion Resources earnings report later!

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