Dominion Energy (D) Revenue — Quarter Ended Mar 31, 2024
Revenue increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement contrasted with the year-over-year decrease.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue increased compared to the immediately preceding quarter but declined relative to the same quarter one year earlier. The sequential improvement contrasted with the year-over-year decrease.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$3.6B
Revenue reported for this quarter.
Quarter-over-quarter
+2.8%
Change from the immediately preceding quarter.
Year-over-year
-6.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$13.6B
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 |
|---|---|---|
| Jun 30, 2023 | $2.6B | -49.3% |
| Sep 30, 2023 | $3.8B | +43.1% |
| Dec 31, 2023 | $3.5B | -7.2% |
| Mar 31, 2024 | $3.6B | -6.5% |
Revenue performance
The reported revenue direction was positive on a sequential basis, indicating a recovery from the prior quarter's level. However, the year-over-year comparison showed a decline.
Quarterly comparison
When compared with the preceding quarter, revenue rose. In contrast, when compared with the same quarter a year ago, revenue was lower.
What to watch
The company's board set the annual dividend rate for the current year consistent with the prior year's rate.