Dominion Energy (NYSE:D) Announces Earnings Results

Dominion Energy (NYSE:D) issued its earnings results on Monday. The utilities provider reported $0.68 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.01, FiscalAI reports. Dominion Energy had a return on equity of 9.86% and a net margin of 18.05%.The company had revenue of $4.09 billion for the quarter, compared to analyst estimates of $3.65 billion. During the same period in the prior year, the firm posted $0.58 EPS. The business’s revenue was up 20.4% compared to the same quarter last year. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.

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

• 2025 results beat guidance — operating EPS of $3.42 ($3.33 ex‑45Z) and GAAP EPS of $3.45 were above midpoints, and Moody’s‑style CFO pre‑working capital to debt finished nearly 100 bps above the downgrade threshold, marking the strongest metric since 2012.
• 2026 guidance and long‑term outlook reaffirmed — 2026 operating EPS ex‑45Z guidance of $3.40–$3.60 (midpoint $3.50, +6.1% vs prior midpoint) and a reaffirmed 5%–7% long‑term growth target with a bias to the upper half beginning 2028 signal management confidence despite Millstone outages.
• Capital plan scaled up to ~$65 billion — a ~30% increase over the prior 5‑year plan, concentrated at Dominion Energy Virginia, will require steady equity issuance (~2.5% of market cap annually), more parent interest expense, and is expected to exert roughly a 250 bps drag versus rate‑base growth, creating dilution and financing pressure risks.
• Coastal Virginia Offshore Wind (CVOW) advancing toward first power — CVOW is >70% complete with first power targeted by end of March and a project budget of $11.5 billion (including $155M unused contingency), though early turbine installation iterations and tariff/legal developments add execution watch points.
• Millstone and generation outlook carry timing/price uncertainty — Millstone performed well in 2025 (>91% capacity factor) but its PPA expires in 2029 and outcomes from the Connecticut RFP and future pricing remain uncertain, which management says could influence later years of the plan.

Dominion Energy Stock Down 0.7%

Shares of D opened at $63.76 on Wednesday. Dominion Energy has a 52 week low of $48.07 and a 52 week high of $67.57. The firm has a market capitalization of $54.45 billion, a P/E ratio of 18.54, a P/E/G ratio of 1.74 and a beta of 0.71. The company has a 50-day simple moving average of $60.96 and a 200-day simple moving average of $60.60. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.65 and a current ratio of 0.84.

Dominion Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, February 27th will be paid a dividend of $0.6675 per share. This represents a $2.67 annualized dividend and a yield of 4.2%. The ex-dividend date is Friday, February 27th. Dominion Energy’s dividend payout ratio is presently 90.82%.

Hedge Funds Weigh In On Dominion Energy

Hedge funds and other institutional investors have recently made changes to their positions in the business. Motiv8 Investments LLC bought a new stake in Dominion Energy in the fourth quarter valued at about $25,000. Triumph Capital Management acquired a new stake in shares of Dominion Energy in the 3rd quarter valued at $28,000. Advocate Investing Services LLC acquired a new stake in shares of Dominion Energy during the 4th quarter worth about $29,000. JPL Wealth Management LLC bought a new position in Dominion Energy during the 3rd quarter valued at about $30,000. Finally, Scarborough Advisors LLC grew its stake in Dominion Energy by 1,038.0% during the fourth quarter. Scarborough Advisors LLC now owns 569 shares of the utilities provider’s stock worth $33,000 after buying an additional 519 shares during the last quarter. 73.04% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the stock. BMO Capital Markets cut their price target on shares of Dominion Energy from $67.00 to $65.00 and set a “market perform” rating on the stock in a report on Monday, November 3rd. TD Cowen began coverage on Dominion Energy in a report on Friday, January 9th. They set a “hold” rating and a $65.00 target price on the stock. Barclays reduced their price target on Dominion Energy from $64.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, February 9th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $70.00 price target on shares of Dominion Energy in a report on Tuesday, October 28th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $64.50.

Dominion Energy News Summary

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

• Positive Sentiment: Q4 results beat expectations and revenue surged ~20% year-over-year, driven by heavy data-center load in Northern Virginia — evidence of near-term earnings strength and proof that new demand is materializing. Dominion Energy Q4 Earnings and Revenues Surpass Estimates
• Positive Sentiment: Management raised its five‑year capital plan to roughly $65 billion (about +30%), explicitly citing explosive data‑center power demand and nearing completion of the Coastal Virginia Offshore Wind project — a growth driver that could expand regulated earnings over time. Dominion Energy details its $65B, 5-year spending plan
• Positive Sentiment: An analyst at Mizuho nudged the price target up to $66 (neutral rating), showing some street support for the upside from the capex-driven growth thesis. Benzinga
• Neutral Sentiment: Dominion provided FY2026 EPS guidance of $3.450–3.690 and related investor materials; the range frames expectations for the year but leaves room for interpretation versus consensus. Dominion FY2026 Guidance / Press Release
• Neutral Sentiment: Company commentary emphasized affordability and reliability as priorities — a reminder capex must balance customer bills and regulatory scrutiny. Dominion Energy CEO: ‘Affordability is essential’
• Negative Sentiment: Despite the operational beats, Dominion signaled full‑year profit guidance below some Wall Street estimates — a caution that the jump in capex and timing of earnings recognition could pressure near‑term outlook. Dominion Energy forecasts annual profit below estimates, raises spending plan (Reuters)
• Negative Sentiment: Environmental and community groups are challenging regulator approval of a proposed gas plant, introducing potential permitting delays, legal risk and reputational/ regulatory scrutiny. Environmental, Community Groups to Challenge Regulators’ Approval of Dominion’s Gas Plant
• Negative Sentiment: Third‑party commentary (TipRanks) flags a demand‑pattern risk: surging data‑center loads versus slowing broader retail load growth — a structural exposure investors should monitor as it affects long‑term regulated revenue mix. Dominion Energy Confronts Dual Threats From Surging Data Center Demand and Slowing Load Growth

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.