Dominion Energy Q3 2026: Data Center Demand Lifts Results, Merger Hangs in the Balance
As seen on the 24/7 Wall St. homepage on October 30, 2026.
Data center demand in Virginia is now showing up in the numbers: the utility arm's operating earnings rose to $862 million, with guidance set to the top half of its range. The open question is the NextEra merger, with Virginia regulatory staff already recommending rejection as proposed.
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Dominion Energy posted Q3 2026 adjusted EPS of $1.28, beating expectations for the seventh consecutive quarter. Revenue grew about 24% from a year earlier.
Dominion Energy Virginia drove the quarter, with operating earnings climbing to $862 million on favorable 2025 Biennial Review rate case outcomes, rider equity returns, and warmer weather.
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Management now expects 2026 operating earnings in the top half of its $3.45 to $3.69 per share range. It also reaffirmed its credit, dividend, and long-term growth outlook.
The proposed merger with NextEra Energy remains the unresolved variable: Virginia regulatory staff have recommended rejection of the deal as currently structured. An evidentiary hearing before Virginia regulators in November is the most consequential near-term event for shareholders.