D Dominion Energy Inc

By Aisha Al-Muslim

Dominion Energy Inc. (D) said its businesses was hurt by unusually mild weather in Virginia and South Carolina in its latest quarter.

The Richmond, Va.-based company reported Friday a net loss for the first quarter of $680 million, or 86 cents a share, compared with a profit of $503 million, or 77 cents a share, a year earlier.

Adjusted earnings were $1.10 a share, slightly below the $1.11 a share analysts polled by Refinitiv were looking for.

The weather reduced utility earnings by about six cents a share. Adjusted for normal weather, its quarterly results were above the midpoint of its quarterly guidance range, the company said.

Operating revenue for the energy company rose 11% to $3.86 billion, below the consensus forecast of $4.86 billion.

For 2019, the company backed it operating earnings per share guidance of $4.05 to $4.40. For the second quarter, the company forecast operating earnings per share of 70 cents a share to 80 cents.

Write to Aisha Al-Muslim at aisha.al-muslim@wsj.com

(END) Dow Jones Newswires

May 03, 2019 08:12 ET (12:12 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.