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.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

May 04, 2021 08:10 ET (12:10 GMT)

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