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DOMINION ENERGY (D)

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Earnings summaries and quarterly performance for DOMINION ENERGY.

Recent press releases and 8-K filings for D.

Dominion Energy offshore wind project suspended by BOEM
D
New Projects/Investments
  • On December 22, 2025, the U.S. Department of Interior’s BOEM issued a 90-day suspension of all activities on the Coastal Virginia Offshore Wind project, effective immediately.
  • Virginia Electric and Power Company, a Dominion subsidiary, holds 50% membership interests in OSW Project LLC, which owns the CVOW project.
  • In its response, Dominion Energy emphasized CVOW’s role in supporting national security, Virginia’s rapidly growing energy demand, and providing 2,600 MW of clean power for war-fighting installations, AI data centers, and jobs.
  • Dominion warned the suspension could threaten grid reliability, lead to energy inflation, and jeopardize thousands of jobs.
Dec 23, 2025, 1:46 AM
Dominion Energy responds to DOI suspension of Coastal Virginia Offshore Wind
D
New Projects/Investments
  • Dominion Energy addresses a 90-day suspension by the U.S. Department of Interior for the Coastal Virginia Offshore Wind project, calling it essential for national security and Virginia’s fastest growing energy demand.
  • The company warns the work stoppage will threaten grid reliability, drive energy inflation, and jeopardize thousands of jobs.
  • CVOW is American-owned, approved by Virginia regulators in 2022, and its two pilot turbines have operated for five years without impacting national security.
  • The project enjoys bipartisan support and is within months of generating 2,600 MW of carbon-free electricity to serve critical infrastructure.
  • Dominion stands ready to resume work immediately to deliver vital electrons that power data centers, military installations, and warship manufacturing.
Dec 22, 2025, 4:05 PM
Dominion Energy expands $1.8B at-the-market equity program
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  • On October 28, 2025, Dominion Energy delivered notice to increase its at-the-market equity program capacity to $1.8 billion via existing sales agency agreements dated February 27, 2025.
  • On October 31, 2025, the company entered new agency agreements with CIBC World Markets, MUFG Securities Americas and TD Securities (USA) and amended its Goldman Sachs agreement to support collared forward transactions.
  • Under the Form S-3 shelf registration effective October 31, 2025, Dominion may issue and sell up to $1.8 billion of common stock through at-the-market offerings, including ordinary brokers’ transactions, market makers, NYSE trades, alternative trading systems and block trades.
  • The program encompasses initially priced and collared forward transactions, with proceeds upon settlement and options for cash or share settlement, hedged through borrowed shares.
Oct 31, 2025, 8:55 PM
Dominion Energy reports Q3 2025 results
D
Earnings
Guidance Update
New Projects/Investments
  • Dominion reported Q3 2025 operating EPS of $1.06, reflecting RNG income and weather impacts; reaffirmed 2025 guidance of $3.33–$3.48 per share with a midpoint of $3.402 (non-GAAP).
  • The Coastal Virginia Offshore Wind project is ~66% complete, on track for first electricity delivery in Q1 2026, with $8.2 B invested to date against an $11.2 B capital budget (including contingency).
  • YTD through Q3, Dominion issued $8.7 B of fixed-income securities, exceeding the $5.5–$8.0 B guidance range, and raised $1.0 B of common equity via ATM for 2025.
  • Data center contracted capacity in Dominion Energy Virginia reached 47.1 GW, up 7 GW (17%) year-over-year, driven by SELOA, CLOA, and ESA agreements.
Oct 31, 2025, 3:00 PM
Dominion Energy reports Q3 2025 results
D
Earnings
Guidance Update
New Projects/Investments
  • Q3 operating EPS of $1.06 (GAAP EPS $1.16) and narrowed full-year 2025 guidance to $3.33–$3.48, midpoint $3.40; year-to-date weather is a $0.02 drag.
  • Completed 2025 financing plan with credit targets unchanged; will provide a capital investment forecast update through 2030 on the Q4 call, expecting incremental regulated capital deployments.
  • Coastal Virginia Offshore Wind vessel set to begin turbine loading in November, with first power targeted in late Q1 2026; project costs remain at $715 million.
  • Data center demand remains strong with 47 GW in various contracting stages (+17% vs Dec 2024), including 28 GW substation LOAs, 9 GW construction LOAs, and 10 GW ESAs.
Oct 31, 2025, 3:00 PM
Dominion Energy reports Q3 2025 earnings and project updates
D
Earnings
Guidance Update
New Projects/Investments
  • Delivered $1.06 operating EPS (GAAP $1.16) in Q3 2025 and narrowed full-year guidance to $3.33–$3.48, reaffirming confidence in achieving at or above the $3.40 midpoint.
  • Coastal Virginia Offshore Wind is two-thirds complete with $8.2 billion invested of $11.2 billion total cost; expects first turbine installation in late November and first power in late Q1 2026.
  • First U.S. Jones Act-compliant turbine installation vessel, Charybdis (cost $715 million), faces punch-list delays but is slated to begin turbine loadout in November with no impact on first power timing.
  • Data center demand surged to 47 GW of contracted capacity as of September 2025 (up from 40 GW in Dec 2024), including 28 GW in engineering LOAs and 10 GW in electric service agreements.
Oct 31, 2025, 3:00 PM
Dominion Energy reports Q3 2025 results
D
Earnings
New Projects/Investments
  • Q3 operating EPS of $1.06 (GAAP $1.16), with full-year guidance narrowed to $3.33–$3.48 (midpoint $3.40), assuming normal weather.
  • Coastal Virginia Offshore Wind two-thirds complete; first turbine installation in late November and first power in late Q1 2026; project cost of $11.2 B including $206 M contingency; $8.2 B invested to date, $1.5 B remaining.
  • Charybdis, the first Jones Act-compliant turbine installation vessel, delayed by punch-list items; expected to clear for turbine loadout in November; vessel cost $715 M, with no impact to first power timing.
  • Data center demand surging: 47 GW in contracts (+17%), 9 GW under construction LOAs (+73%), and 10 GW in ESAs (+12%) vs. Dec 2024.
Oct 31, 2025, 3:00 PM
Dominion Energy announces Q3 2025 earnings and updates guidance
D
Earnings
Guidance Update
  • GAAP net income for Q3 2025 was $1.0 billion ($1.16/share), up from $934 million ($1.09/share) in Q3 2024; operating earnings (non-GAAP) were $921 million ($1.06/share) versus $836 million ($0.98/share) year-over-year.
  • Narrowed full-year 2025 operating earnings guidance to $3.33–$3.48 per share, preserving the $3.40 midpoint, with expectations to meet or exceed this level assuming normal weather.
  • Reaffirmed long-term operating EPS growth of 5–7% through 2029 off the 2025 midpoint (excluding RNG 45Z of $3.30), and maintained current credit and dividend targets.
Oct 31, 2025, 11:31 AM
Dominion Energy announces Q3 2025 results
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Earnings
Guidance Update
  • Dominion Energy reported GAAP net income of $1.0 billion ( $1.16 per share, up from $934 million, $1.09 per share in Q3 2024).
  • Operating earnings (non-GAAP) were $921 million ( $1.06 per share, vs. $836 million, $0.98 per share in Q3 2024).
  • Full-year 2025 operating earnings guidance was narrowed to $3.33–$3.48 per share, preserving the midpoint of $3.40 and expecting to meet or exceed it assuming normal weather.
  • The company reaffirmed its long-term operating EPS growth target of 5%–7% through 2029 off the 2025 midpoint (excluding RNG 45Z at $3.30) and maintained its credit and dividend guidance.
Oct 31, 2025, 11:30 AM
Dominion Energy agrees to $1.25B offering of 2056 junior subordinated notes
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Debt Issuance
  • On September 29, 2025, Dominion Energy entered into an underwriting agreement with BofA Securities, J.P. Morgan and Truist as representatives to sell $625 million of 2025 Series A and $625 million of 2025 Series B junior subordinated notes due 2056.
  • The new Series A and Series B notes will form a single series with the company’s existing $825 million Series A and $700 million Series B junior subordinated notes issued August 6, 2025.
  • The notes are registered under Rule 415 of the Securities Act via a Form S-3 effective February 21, 2023, and will be issued under the Nineteenth and Twentieth Supplemental Indentures to the June 1, 2006 Subordinated Indenture II.
Oct 1, 2025, 1:23 PM