Dominion Energy (NYSE:D) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Dominion Energy (NYSE:D) released its quarterly earnings results on Friday. The utilities provider reported $0.95 EPS for the quarter, topping the consensus estimate of $0.90 by $0.05, Briefing.com reports. The firm had revenue of $5.02 billion during the quarter, compared to analyst estimates of $4.43 billion. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.93 EPS. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.

Here are the key takeaways from Dominion Energy’s conference call:

• Management reaffirmed full-year financial guidance, reported Q1 operating EPS of $0.95 (GAAP $0.69), said FFO-to-debt metrics remain above 15%, and noted ~$1.2B of ATM equity issued year-to-date.
• The Coastal Virginia Offshore Wind (CVOW) project is over 75% complete, achieved first power in March, and the company expects the majority of turbines placed in service by end-2026 with remaining units by mid-2027.
• CVOW budget is now $11.4B (≈$100M lower than prior update) with $123M of unused contingency, and Dominion estimates about $5B of fuel savings for customers in the project’s first 10 years.
• Cost risks remain for CVOW — potential Section 232 steel/aluminum tariffs could add roughly $200M, while PJM transmission-cost reallocations are pending and could shift allocations, creating near-term uncertainty.
• Long-term growth catalysts include Virginia’s new storage mandate (petition for 20 GW by 2045) and a data-center pipeline of over 50 GW (≈10.4 GW contracted), which the company says could accelerate regulated capital deployment and extend growth.

Dominion Energy Stock Performance

Shares of Dominion Energy stock opened at $63.93 on Friday. The company has a market cap of $56.19 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.36 and a beta of 0.65. Dominion Energy has a 52 week low of $52.53 and a 52 week high of $67.57. The business has a 50 day moving average price of $62.56 and a 200-day moving average price of $61.27. The company has a quick ratio of 0.59, a current ratio of 0.77 and a debt-to-equity ratio of 1.36.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors have recently modified their holdings of the business. Compound Planning Inc. grew its holdings in shares of Dominion Energy by 2.1% in the fourth quarter. Compound Planning Inc. now owns 11,710 shares of the utilities provider’s stock valued at $686,000 after acquiring an additional 245 shares in the last quarter. Corient Private Wealth LLC grew its holdings in shares of Dominion Energy by 16.0% in the fourth quarter. Corient Private Wealth LLC now owns 288,090 shares of the utilities provider’s stock valued at $16,185,000 after acquiring an additional 39,812 shares in the last quarter. CrossGen Wealth LLC bought a new position in shares of Dominion Energy in the fourth quarter valued at approximately $45,000. Mercer Global Advisors Inc. ADV grew its holdings in shares of Dominion Energy by 27.8% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 107,262 shares of the utilities provider’s stock valued at $6,284,000 after acquiring an additional 23,348 shares in the last quarter. Finally, Beacon Pointe Advisors LLC grew its holdings in shares of Dominion Energy by 5.9% in the fourth quarter. Beacon Pointe Advisors LLC now owns 17,881 shares of the utilities provider’s stock valued at $1,048,000 after acquiring an additional 993 shares in the last quarter. 73.04% of the stock is owned by institutional investors.

Trending Headlines about Dominion Energy

Here are the key news stories impacting Dominion Energy this week:

• Positive Sentiment: Q1 operating EPS and revenue beat estimates — operating EPS $0.95 vs. $0.89 expected (+6.95%); revenue $5.02B vs. ~$4.43B expected (+~17%). Strong top-line growth (Y/Y +23%) supports earnings outlook and shows demand strength. Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
• Positive Sentiment: Operational drivers: higher Virginia power demand, favorable weather and RNG tax credits helped results; Coastal Virginia Offshore Wind (CVOW) progress noted on the call, supporting the company’s transition/renewables thesis. Dominion beats quarterly profit estimates on higher Virginia power demand
• Neutral Sentiment: FY2026 operating EPS guidance reaffirmed at $3.450–$3.690 (company midpoint ≈ $3.57 vs. street ≈ $3.59). Reaffirmation reduces surprise risk but the lower bound sits below consensus, leaving limited upside from guidance alone. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: GAAP net income declined Y/Y (Q1 GAAP $0.69/shr vs. $0.77/shr prior year) even though operating (non‑GAAP) EPS beat — the GAAP miss and mix differences can pressure sentiment among more conservative investors. Dominion Energy Announces First-Quarter 2026 Results
• Negative Sentiment: Regulatory/reputational risk: a new state law mandates review of Dominion’s load forecasting amid data center growth — potential for regulatory scrutiny or changes to planning assumptions. New state law mandates review of Dominion’s load forecasting, as data centers raise concerns
• Negative Sentiment: Customer impact headlines: local reports of electric-bill increases (e.g., Culpeper) could attract negative publicity and political pressure around rates. That can influence regulatory outcomes and near-term sentiment. Culpeper residents to see increase in electric bill driven by higher power costs

Analyst Ratings Changes

D has been the subject of several recent research reports. Weiss Ratings raised Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Jefferies Financial Group upped their target price on Dominion Energy from $60.00 to $65.00 and gave the company a “hold” rating in a research report on Friday, April 10th. TD Cowen started coverage on Dominion Energy in a research report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Barclays upped their target price on Dominion Energy from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Wednesday, April 8th. Finally, Bank of America upped their target price on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $65.69.

About Dominion Energy

Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.

Dominion’s electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind.