Dominion Energy (D) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter rose substantially compared to both the prior quarter and the year-ago period. The filing notes legislative changes in Virginia that shifted certain revenue requirements into base rates and adjustments to return on equity parameters.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter rose substantially compared to both the prior quarter and the year-ago period. The filing notes legislative changes in Virginia that shifted certain revenue requirements into base rates and adjustments to return on equity parameters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.8B
Revenue reported for this quarter.
Quarter-over-quarter
+41.9%
Change from the immediately preceding quarter.
Year-over-year
+43.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$14.1B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $3.8B | +192.2% |
| Mar 31, 2023 | $3.9B | +24.8% |
| Jun 30, 2023 | $2.6B | -49.3% |
| Sep 30, 2023 | $3.8B | +43.1% |
Revenue performance
The reported revenue increased sharply versus the immediately preceding quarter, reversing a decline in that period. Year-over-year, revenue also showed a strong gain.
Quarterly comparison
Revenue was higher than both the prior quarter and the same quarter a year earlier. The trend shows a significant recovery from the prior quarter’s decrease.
What to watch
Monitor the impact of the Virginia legislation and the ongoing business review on future revenue trends.