USA: Dominion Earnings Drop

Dominion Earnings Drop

Dominion said its earnings  for the three months ended June 30, 2013, were $202 million, compared to $258 million for the same period in 2012.  

Operating earnings for the three months ended June 30, 2013, amounted to $355 million, compared to originally reported operating earnings of $337 million for the same period in 2012.

Thomas F. Farrell II, chairman, president and chief executive officer, said:

Our second-quarter results came in below the midpoint of our guidance range of $0.60 to $0.70 per share reflecting the impact of lower than expected sales and lower contributions from Producer Services. Despite the challenging quarter, we remain focused on delivering 5 percent to 6 percent earnings per share growth this year.

[mappress]
LNG World News Staff, August 6, 2013