Dominion Energy (NYSE: D) reported Q4 EPS of $0.97, $0.03 better than the analyst estimate of $0.94. Revenue for the quarter came in at $3.36 billion versus the consensus estimate of $3.3 billion.

Thomas F. Farrell, II, chairman, president and chief executive officer, said:

"Our full-year 2018 operating earnings per share grew 12.5% compared to 2017 and exceeded our guidance range midpoint. During 2018 we completed several important initiatives that position us for success in 2019 including the commercial in-service of both the Cove Point liquefaction project and the Greensville Power Station, the sale of non-core assets, the reduction of approximately $8 billion of parent-level debt, and the improvement of our credit metrics. We also set a company record for safety for the second straight year with a recordable injury rate that is roughly half that of our peers.

"In addition we obtained all regulatory approvals necessary to complete our merger with SCANA which occurred on Jan. 1, 2019. As a result, we added several high-quality businesses to our existing best-in-class portfolio of state regulated businesses. We have created a new operating segment, known as the Southeast Energy Group, that comprises all former SCANA operations. We will continue to build trust with customers, employees, regulators, and elected representatives by being a responsible corporate citizen.

"In less than a year since the Grid Transformation and Security Act became law in Virginia, we have received approval from the Virginia State Corporation Commission for over $1 billion of capital investment. This bipartisan law provides a path to a sustainable and reliable energy future in the Commonwealth.

"Finally, on Jan. 28, 2019, we completed the merger of Dominion Energy Midstream Partners into Dominion Energy."

GUIDANCE:

Dominion Energy sees Q1 2019 EPS of $1.05-$1.25, versus the consensus of $1.11.

Dominion Energy sees FY2019 EPS of $4.05-$4.40, versus the consensus of $4.23.

For earnings history and earnings-related data on Dominion Energy (D) click here.