Dominion Energy Initiates in Line 2018 Guidance; Tax Reform Benefits Offset Cove Point Delay
We are reaffirming our $87 per share fair value estimate, and wide moat and stable moat trend ratings after Dominion Energy reported in line 2017 operating earnings and initiated a 2018 earnings guidance range that placed our estimate and the consensus estimate near its midpoint. Operating earnings in 2017 were $3.60 per share, $0.02 higher than consensus and equal to our estimate.Dominion established a 2018 operating earnings guidance range of $3.80-$4.25 per share. Our $4.00 per share estima...
Dominion Energy is a holding company. Through its subsidiaries , the company is engaged in producing and transporting energy. The company's operations are conducted through its subsidiaries: Virginia Electric and Power Company, which is a regulated public utility that generates, transmits and distributes electricity for sale in Virginia and North Carolina; and Dominion Energy Gas Holdings, LLC, which serves as the intermediate parent company for the company's Federal Energy Regulatory Commission-regulated interstate natural gas transmission pipeline and underground storage systems in the eastern and Rocky Mountain regions, as well as for the liquefied natural gas import/export and storage facility.
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