Dominion Resources (D) Tops Q2 EPS by 2c; Guides Q3 EPS Below Views

Dominion Midstream Partners Announces Second-Quarter 2016 Earnings

RICHMOND, Va., Aug. 3, 2016 /PRNewswire/ -- Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $22.5 million, or $0.28 per common limited partner unit for the three months ended June 30, 2016.  Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) was $27.2 million, and distributable cash flow was $23.8 million for the quarter.

Dominion Midstream uses Adjusted EBITDA and distributable cash flow as the primary performance measurement of its earnings and results for public communications with analysts and investors.  Dominion Midstream also uses Adjusted EBITDA and distributable cash... More

Dominion Announces Second-Quarter Earnings

RICHMOND, Va., Aug. 3, 2016 /PRNewswire/ -- Dominion Resources (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended June 30, 2016, of $452 million ($0.73 per share) compared with earnings of $413 million ($0.70 per share) for the same period in 2015. 

Operating earnings for the three months ended June 30, 2016, amounted to $441 million ($0.71 per share), compared to operating earnings of $429 million ($0.73 per share) for the same period in 2015.  Operating earnings are defined as reported earnings adjusted for certain items.   

The principal difference between reported... More