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Dominion Energy (D) FY2024 results: revenue $14.5 billion, up 0.5% on the year

Dominion Energy, Inc. (D) reported revenue of $14.5 billion for fiscal 2024, the year ended 31 December 2024, up 0.5% on the year before. Net income was $2.0 billion, up 3.7%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.

Revenue
$14.5 billion
+0.5% on the year
FY2017FY2024
Operating margin
22.5%
23.7% a year earlier
FY2017FY2024
Net income
$2.0 billion
+3.7% on the year
FY2017FY2024
Diluted EPS
$2.33
+3.6% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue14,45914,39313,938+0.5%
Operating income3,2473,4141,447-4.9%
Operating margin22.5%23.7%10.4%
Pre-tax income2,1952,732328-19.7%
Income tax41164459.0-36.2%
Effective tax rate18.7%23.6%18.0%
Net income2,0341,9621,191+3.7%
Net margin14.1%13.6%8.5%
Diluted EPS$2.33$2.25$1.09+3.6%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow5,0186,5723,700-23.6%
Capital expenditure12,42710,2357,758+21.4%
Free cash flow-7,409-3,663-4,058
Free cash flow margin-51.2%-25.4%-29.1%
Cash from investing-3,183-7,207-6,746
Cash from financing-1,7715952,979
Depreciation and amortisation2,3452,5802,442-9.1%
Share-based compensation53.044.036.0+20.5%
Dividends paid2,2392,2332,209+0.3%
Dividend per share$2.67$2.67$2.670.0%
Diluted shares, weighted839m836m825m+0.3%
Shares outstanding at period end852m838m835m+1.7%

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity26,86327,52927,659-2.4%
Non-controlling interest2,9390.00.0
Redeemable equityn/an/a0.0
Short-term borrowings2,5003,956n/a-36.8%
Debt39,32040,20645,678-2.2%
Operating lease liabilities644627514+2.7%
Finance lease liabilities214203104+5.4%
Other liabilities29,93536,51130,840-18.0%
Total liabilities and equity102,415109,032104,795-6.1%
Fixed assets68,86258,78052,312+17.2%
Goodwill4,1434,1434,1430.0%
Intangible assets1,136945813+20.2%
Investments8,5507,5386,577+13.4%
Cash and equivalents310184119+68.5%
Receivables2,1692,2512,157-3.6%
Inventory1,7641,6981,528+3.9%
Other assets15,48133,49337,146-53.8%
Total assets102,415109,032104,795-6.1%

10-K for the year ended 31 December 2024, filed 27 February 2025: the filing.