Companies /Utilities

Dominion Energy Inc

NYSE: D Utilities - Regulated Electric
$66.65
▼ $0.27 (−0.40%) today
Markets open · 4:00pm ET

Q3 2025 Earnings

Reported Oct 31, 2025, 7:31am ET · SEC source
$1.06
Beat +11.84%
EPS · est. $0.95
$4.5B
Beat +6.52%
Revenue · est. $4.3B
+2.0%
Beating market
D vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−1.6%−0.8%0Oct 31Oct 31report 7:31am ETearnings−0.5%−1.6%
−1.6%−0.8%0Oct 31Oct 31earnings−0.5%−1.6%
D −1.6%S&P 500 −0.5%
−1.6%−0.8%0Oct 31Oct 31report 7:31am ETearnings−0.8%−1.6%
−1.6%−0.8%0Oct 31Oct 31earnings−0.8%−1.6%
D −1.6%NASDAQ −0.8%
−3%0+3%Oct 30Nov 7report 7:31am ETearnings−2.0%+3.3%
−3%0+3%Oct 30Nov 7earnings−2.0%+3.3%
D +3.3%S&P 500 −2.0%
−6%−3%0+3%Oct 30Nov 7report 7:31am ETearnings−3.7%+3.3%
−6%−3%0+3%Oct 30Nov 7earnings−3.7%+3.3%
D +3.3%NASDAQ −3.7%
−1.39%
Day of report
−0.34%
Next session
+4.92%
One week
+2.28%
30 days

S&P 500 over the same 30 days: +0.27%.

Did D Beat Earnings? Q3 2025 Results

Dominion Energy delivered a decisive beat in the third quarter of 2025, posting operating earnings of $1.06 per share against a consensus estimate of $0.95, a gap of 11.84%, while revenue of $4.53 billion cleared expectations by 6.52% and grew 14.9% from $3.94 billion a year ago. The standout driver behind the upside was Dominion's Contracted Energy segment, which nearly doubled its operating earnings to $165 million from $83 million, powered by renewable energy investment and production tax credits tied to the company's expanding clean energy portfolio. Virginia and South Carolina utility operations also contributed, with South Carolina benefiting from $40 million in rate case impacts and steady customer usage growth. GAAP net income climbed to $1.01 billion, or $1.16 per share, compared to $934 million, or $1.09 per share, in the prior-year period. Looking ahead, Dominion narrowed its full-year 2025 operating earnings guidance to $3.33 to $3.48 per share, preserving the $3.40 midpoint, and reaffirmed long-term EPS growth of 5% to 7% through 2029, even as analysts maintain a cautious consensus stance on the stock.

Key Takeaways
  • Rider equity return increase of $135 million in Dominion Energy Virginia
  • Customer usage and other factors contributed $54 million in Dominion Energy Virginia
  • Base and RSA rate case impacts of $40 million in Dominion Energy South Carolina
  • Renewable energy investment tax credits of $41 million in Contracted Energy
  • Renewable energy production tax credits of $29 million in Contracted Energy, including $25 million from renewable natural gas facilities
  • Sale of noncontrolling interest reduced Dominion Energy Virginia contribution by $86 million
  • Weather impact was a $40 million headwind at Dominion Energy Virginia

Forward Guidance & Outlook

Dominion narrowed its full-year 2025 operating earnings guidance range to $3.33 to $3.48 per share (inclusive of estimated RNG 45Z income), preserving the original midpoint of $3.40 per share, and expects to be at or above the midpoint assuming normal weather for the remainder of the year. The company reaffirmed its long-term operating EPS growth guidance of 5% to 7% through 2029 off a 2025 operating earnings per share midpoint of $3.30 (excluding RNG 45Z). Existing credit and dividend guidance was also reaffirmed.

D YoY Financials

Q3 2025 vs Q3 2024 · SEC filings Q3 2024 Q3 2025
$0$2.0B$4.0B$3.9B$4.5BRevenue$1.2B$1.3BOperating Income$954.0M$1.0BNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.