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Dominion Energy, Inc.
S&P 500
🏹 Trader: 🎯 Near 52W High | BRS 63 Forming View all →
$55.0B
Market Cap
17.0
P/E
2.32
PEG
4.9%
ROCE
9.7%
ROE
1.50
D/E
26.7%
OPM
-9.2%
% from 52W High
52
α RS
🔍 D is showing a high-conviction setup because it matches 4 of 39 tracked screener presets, Sector RRG has Utilities in the Improving quadrant with the trail still strengthening, and an ECS of 58.5 last quarter. Net: Broad signal stack, not a recommendation. ? Conviction RRG ECS
Sources
Conviction 4/39 · Utilities in Improving quadrant · ECS 58.5
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📈 Price History
Ratio Health
Excellent
Good
Average
Poor
By Category
📊 Sector Averages
About

Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.5 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation fleet and renewable natural gas facilities. As of December 31, 2025, the company’s portfolio of assets included approximately 30.7 GW of electric generating capacity, 10,800 miles of electric transmission lines, and 80,400 miles of electric distribution lines. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.

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Mixed quarter Investor Presentation One-Pager? Q2 2026
Net Income
$0.34B
-55% YoY
GAAP EPS
$0.37
-58% YoY
Operating Earnings
$0.712B
+10% YoY
Operating EPS
$0.79
+5% YoY
What Went Right
  • Q2 operating earnings of $0.79/share beat the prior-year $0.75, with management reaffirming full-year guidance.
  • Data center pipeline grew to over 53 GW, adding ~5 GW (roughly 11%) since year-end, with 12 GW contracted.
  • CVOW is 81% complete; 31 turbines generating 450+ MW are installed and ~half of project investment is expected to be in service by year-end.
What to Watch
  • CVOW final turbine installation slipped six months to end-2027; cost estimate increased ~2% to $11.65B, including $288M for the extra two quarters.
  • Certain remaining turbine locations are expected to require longer jacking operations based on geotechnical data, adding schedule risk.
  • Merger review timeline in Virginia faces some political pressure for extension, though management believes the current schedule is sufficient.
Management Guidance
  • Full-year 2026 operating EPS guidance: $3.45-$3.69, midpoint $3.57 — reaffirmed.
  • Credit, dividend and long-term growth guidance from Q4 2025 — all reaffirmed.
  • CVOW project cost estimate updated to $11.65B; final turbine installation expected by end-2027.
Investor Lens
The investment thesis is mixed after this call: core utility earnings and data center demand remain strong, but the six-month CVOW delay and ~$250M cost increase create an execution overhang. Management argues the project is already de-risked because 450+ MW are generating and roughly half of investment reaches in-service status by year-end. The NextEra merger is progressing through filings and hearings, which could provide long-term upside if approvals land. Overall, the quarter supports the earnings guidance, but investors should monitor CVOW completion and merger regulatory timelines closely.
From investor presentation · AI-generated analysis · Not investment advice
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📊 MIXED Strong operating earnings overshadowed by CVOW timeline and cost increase
Revenue
Not discussed.
Profitability
Q2 GAAP net income was $340M, or $0.37 per share, versus $760M, or $0.88 per share, in the prior-year quarter. Operating earnings rose to $712M, or $0.79 per share, from $649M, or $0.75 per share, helped by RNG 45Z credits of $0.03 per share.
Margins
Not discussed.
Balance Sheet
Full-year 2025 and last-twelve-months FFO/D debt metrics were both above 15%, and the 2026 common equity program has been completed. No absolute debt or cash totals were provided.
Key Risks
CVOW final turbine installation delayed to end-2027 and project cost raised to $11.65B; certain turbine locations require longer jacking times. A transmission fault in Virginia caused some data centers to switch to backup power, though management said no significant incremental investment is expected. Merger regulatory approvals remain subject to state and federal schedules.
Outlook
The company reaffirmed full-year 2026 operating EPS guidance of $3.45-$3.69 and all prior financial guidance. Management expects CVOW's final turbine to be installed by end-2027 and merger hearings to begin in Virginia on November 17, 2026.
Generated by AI · Q2 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-31
Second quarter operating EPS reached $0.79, with robust sales driven by data center growth and reaffirmed financial guidance. The CVOW project is 81% complete, with over 450 MW in service and a revised completion timeline, while the NextEra merger and new generation investments advance regulatory and customer value.
Q1 2026 Q1 2026 2026-05-01
First quarter operating earnings reached $0.95 per share, with strong progress on the CVOW project and robust demand from data centers. Financial guidance and credit targets were affirmed, and new Virginia legislation expands battery storage opportunities.
Q4 2025 Q4 2025 2026-02-23
2025 operating EPS exceeded guidance, with strong credit metrics and a 30% increase in the 5-year capital plan to $65B, driven by data center demand. 2026 EPS guidance midpoint is $3.50, and long-term EPS growth is reaffirmed at 5%-7% annually, with a bias to the upper half from 2028.
Q3 2025 Q3 2025 2025-10-31
Q3 2025 operating EPS was $1.06, with strong sales and data center demand offsetting weather headwinds. The Coastal Virginia Offshore Wind Project remains on track for first power in Q1 2026, despite minor cost increases and vessel delays. Full-year EPS guidance is reaffirmed at $3.33–$3.48.
Q2 2025 Q2 2025 2025-08-01
Q2 2025 saw strong financial and operational performance, with operating EPS of $0.75 and reaffirmed 2025 guidance. The Coastal Virginia Offshore Wind project is 60% complete and on track, while tariff and network upgrade risks are being managed. Robust sales growth is driven by data center demand.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Information Sources:
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