Dominion Energy

D Q1 2025 Earnings

Reported May 1, 2025 at 7:31 AM ET · SEC Source

Q1 25 EPS

$0.93

BEAT +23.16%

Est. $0.76

Q1 25 Revenue

$4.08B

BEAT +7.96%

Est. $3.78B

vs S&P Since Q1 25

+0.4%

BEATING MARKET

D +31.7% vs S&P +31.3%

Market Reaction

Did D Beat Earnings? Q1 2025 Results

Dominion Energy delivered a standout first quarter in 2025, posting adjusted earnings of $0.93 per share against a Wall Street consensus of $0.76, a beat of 23.16%, while revenue climbed 12.2% year over year to $4.08 billion, topping estimates by nea… Read more Dominion Energy delivered a standout first quarter in 2025, posting adjusted earnings of $0.93 per share against a Wall Street consensus of $0.76, a beat of 23.16%, while revenue climbed 12.2% year over year to $4.08 billion, topping estimates by nearly 7.96%. The primary engine behind the outperformance was the Dominion Energy Virginia segment, which contributed $561 million in operating earnings versus $424 million a year earlier, lifted by favorable weather impacts, a significant rider equity return benefit, and steady customer usage gains. GAAP net income also rose sharply to $646 million, or $0.75 per share, compared with $441 million, or $0.50 per share, in the prior-year period. A notable headwind looms, however, as the company has flagged that current U.S. Tariff policy could add up to $500 million to the cost of its Coastal Virginia Offshore Wind project. Despite that uncertainty, Dominion affirmed its full-year 2025 operating earnings guidance of $3.28 to $3.52 per share, signaling confidence in its broader financial trajectory.

Key Takeaways

  • Favorable weather contributing $54 million at Dominion Energy Virginia and $20 million at Dominion Energy South Carolina
  • Rider equity return contributing $133 million increase at Dominion Energy Virginia
  • Customer usage and other factors contributing $25 million at Dominion Energy Virginia
  • Base & RSA rate case impacts contributing $44 million at Dominion Energy South Carolina
  • Lower net interest expense at Corporate and Other improving by $71 million
  • Nuclear production tax credit contributing $17 million at Dominion Energy Virginia
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D YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings