Dominion Energy (NYSE:D) Issues Earnings Results

Dominion Energy (NYSE:D) issued its quarterly earnings data on Friday. The utilities provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.68 by $0.11, FiscalAI reports. Dominion Energy had a net margin of 16.93% and a return on equity of 9.63%. The business had revenue of $4.48 billion during the quarter, compared to analyst estimates of $4.04 billion. During the same period in the prior year, the business earned $0.75 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.

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

• Dominion reaffirmed its 2026 financial guidance, citing strong first-half results, completed common-equity financing, and FFO-to-debt metrics above 15%.
• Electricity demand remains robust, with data-center contracts increasing by more than 5 gigawatts since year-end 2025 and record peak-demand days in Dominion’s service territory.
• The Coastal Virginia Offshore Wind project’s final turbine installation target was pushed back six months to year-end 2027, while the cost estimate rose approximately 2% to $11.65 billion, although management said the project is 81% complete and substantially de-risked.
• Dominion reported constructive regulatory progress, including approval of 100% of its 2025 rider revenue request and settlements in South Carolina, while its proposed NextEra combination proceeds through shareholder and regulatory reviews.
• Dominion is advancing nearly 5 gigawatts of new gas-fired generation at Kennedy Station and Mount Storm and expects to accelerate battery-storage development to meet rising demand and new legislative requirements.

Dominion Energy Stock Down 0.6%

NYSE:D traded down $0.41 during mid-day trading on Friday, hitting $69.32. 3,524,079 shares of the company’s stock were exchanged, compared to its average volume of 5,972,776. Dominion Energy has a one year low of $55.85 and a one year high of $72.99. The company has a debt-to-equity ratio of 1.38, a current ratio of 0.78 and a quick ratio of 0.61. The business has a fifty day moving average price of $68.77 and a 200 day moving average price of $64.77. The company has a market cap of $60.96 billion, a PE ratio of 20.51 and a beta of 0.65.

Dominion Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 20th. Investors of record on Friday, September 4th will be paid a dividend of $0.6675 per share. The ex-dividend date of this dividend is Friday, September 4th. This represents a $2.67 annualized dividend and a yield of 3.9%. Dominion Energy’s payout ratio is presently 78.99%.

Dominion Energy News Summary

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

• Positive Sentiment: Dominion reported second-quarter operating earnings of $0.79 per share, above the $0.68 analyst consensus, while revenue rose 17.6% year over year to $4.48 billion, exceeding expectations of $4.04 billion. Dominion Energy Q2 Earnings and Revenues Beat Estimates
• Positive Sentiment: Virginia utility performance and growing electricity demand from data centers supported the quarter. Dominion said demand from server facilities in its service territory has surpassed 50 gigawatts, strengthening the long-term case for power-load growth. Top US Data Center-Serving Utility Dominion Tops Profit Estimates
• Positive Sentiment: The company plans to build a natural-gas power plant at Mount Storm, potentially adding generation capacity to serve rising electricity demand. Dominion to Build Natural Gas Power Plant at Mount Storm
• Neutral Sentiment: Dominion reaffirmed fiscal 2026 operating EPS guidance of $3.45 to $3.69, with the midpoint of $3.57 slightly below the $3.59 consensus estimate. Dominion Energy Announces Second-Quarter 2026 Results
• Negative Sentiment: GAAP net income fell to $340 million, or $0.37 per share, from $760 million, or $0.88 per share, a year earlier. Rising operating expenses and weaker performance in some segments reduced the quality of the headline earnings beat.
• Negative Sentiment: A reported analyst downgrade recommended taking profits ahead of a potential NextEra Energy merger, while Virginia lawmakers’ consideration of a special session adds uncertainty around the transaction. Dominion Energy: Take Profits Ahead of the Potential NextEra Merger
• Negative Sentiment: Residents are protesting a Dominion power-line project and demanding that the line be buried, creating potential permitting, cost and execution risks. Concerns about aging grid infrastructure and customer complaints over high summer bills add to the company’s reputational and regulatory pressure.

Hedge Funds Weigh In On Dominion Energy

Several large investors have recently made changes to their positions in D. Wellington Management Group LLP grew its stake in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock worth $2,633,253,000 after buying an additional 14,197,581 shares during the last quarter. Adage Capital Partners GP L.L.C. purchased a new position in Dominion Energy during the fourth quarter valued at $125,495,000. State Street Corp raised its stake in Dominion Energy by 3.6% during the fourth quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares during the last quarter. Invesco Ltd. boosted its holdings in Dominion Energy by 10.8% in the third quarter. Invesco Ltd. now owns 11,545,003 shares of the utilities provider’s stock worth $706,208,000 after acquiring an additional 1,129,130 shares in the last quarter. Finally, Morgan Stanley grew its stake in shares of Dominion Energy by 8.5% in the fourth quarter. Morgan Stanley now owns 11,910,925 shares of the utilities provider’s stock worth $697,861,000 after acquiring an additional 929,668 shares during the last quarter. 73.04% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on D. Royal Bank Of Canada boosted their price target on shares of Dominion Energy from $66.00 to $72.00 and gave the company a “sector perform” rating in a research report on Tuesday, May 19th. Bank of America lifted their price objective on Dominion Energy from $63.00 to $65.00 and gave the company a “neutral” rating in a research report on Wednesday, April 15th. Mizuho increased their target price on Dominion Energy from $66.00 to $72.00 and gave the stock a “neutral” rating in a research report on Tuesday, May 26th. Seaport Research Partners cut Dominion Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Morgan Stanley dropped their price target on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 21st. Four equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $68.00.

Dominion Energy Company Profile

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.