By Micah Maidenberg
Dominion Energy Inc. swung to a profit in the first quarter.
The utility with 7 million customers who tap its electricity or natural gas said on Tuesday it earned $1.01 billion in net income attributable to the company, compared with a loss of $270 million for the year-earlier period.
Profit amounted to $1.23 a share in the latest period, compared with a loss of 34 cents a share. The company's adjusted profit of $1.09 a share was ahead of the 87 cents a share that analysts predicted for that metric.
Operating revenue slipped to $3.87 billion from $3.94 billion year over year.
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(END) Dow Jones Newswires
May 04, 2021 08:10 ET (12:10 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.