Dominion Energy Inc

Dominion Energy delivered a strong second quarter, posting operating earnings of $0.75 per share and beating the $0.68 consensus estimate by 10.68%, while revenue of $3.81 billion topped expectations by 4.32% and grew 9.3% year over year from $3.49 billion in Q2 2024. The primary engine behind the beat was Dominion Energy Virginia, which contributed $549 million in operating earnings, up $64 million from a year ago, lifted by stronger customer usage and rider equity returns that more than offset headwinds from higher interest expense. Dominion Energy South Carolina also impressed, adding $109 million in segment operating earnings, a $40 million improvement driven by favorable rate case outcomes. On a GAAP basis, net income attributable to shareholders reached $760 million, or $0.88 per share, boosted by a $289 million net gain on nuclear decommissioning trust funds. The company's 2.6-GW Coastal Virginia Offshore Wind project, which remains on schedule despite modest tariff-related cost increases, continues to underpin the long-term growth story. Management reaffirmed full-year 2025 operating EPS guidance of $3.28 to $3.52 per share, signaling confidence in sustained momentum.