Dominion Energy Inc

Dominion Energy posted a mixed fourth quarter, beating earnings expectations while falling short on revenue as the utility navigated softer top-line results with stronger operational performance beneath the surface. The company reported adjusted EPS of $0.58, clearing the $0.55 consensus estimate by 4.60%, even as revenue of $3.40 billion declined 3.8% year over year and missed expectations by 13.73%. The earnings outperformance was largely driven by Dominion Energy Virginia, where rider equity returns contributed $112 million in incremental earnings and helped push the segment's operating income to $440 million from $369 million a year earlier. The Contracted Energy segment also swung from a $19 million loss to $54 million in operating earnings, aided by improved Millstone nuclear margins. Looking ahead, management narrowed its 2025 operating EPS guidance range to $3.28 to $3.52, preserving a $3.40 midpoint, and reaffirmed a 5% to 7% long-term growth target through 2029, supported by a newly expanded $50.10 billion five-year capital plan aimed at meeting surging data center power demand across its service territories.