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Dominion Energy unaudited GAAP net loss $680 million

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Christian Fernsby ▼ | May 3, 2019
Dominion Energy announced an unaudited GAAP net loss for the three months ended March 31, 2019 of $680 million ($0.86 per share) compared with net income of $503 million ($0.77 per share) for the same period in 2018.
Dominion Energy
Dominion Energy   $680 million
Operating earnings for the three months ended March 31, 2019, were $873 million ($1.10 per share), compared with operating earnings of $741 million ($1.14 per share) for the same period in 2018.

The difference between GAAP and operating earnings was primarily attributable to charges related to the SCANA merger commitments and the early retirement of certain cold-reserve Virginia utility generating units.

Operating earnings are defined as reported earnings adjusted for certain items.


 

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