Companies /Utilities

Dominion Energy Inc

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

Q4 2025 Earnings

Reported Feb 23, 2026, 7:31am ET · SEC source
$0.68
Beat +1.40%
EPS · est. $0.67
$4.1B
Beat +9.97%
Revenue · est. $3.7B
−1.8%
Trailing market
D vs S&P since report
7 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−2%0Feb 23Feb 24report 7:31am ETearnings+0.3%−2.2%
−2%0Feb 23Feb 24earnings+0.3%−2.2%
D −2.2%S&P 500 +0.3%
−2%0Feb 23Feb 24report 7:31am ETearnings+0.6%−2.2%
−2%0Feb 23Feb 24earnings+0.6%−2.2%
D −2.2%NASDAQ +0.6%
−2%0+2%Feb 23Mar 3report 7:31am ETearnings−1.6%−2.8%
−2%0+2%Feb 23Mar 3earnings−1.6%−2.8%
D −2.8%S&P 500 −1.6%
−2%0+2%Feb 23Mar 3report 7:31am ETearnings−1.5%−2.8%
−2%0+2%Feb 23Mar 3earnings−1.5%−2.8%
D −2.8%NASDAQ −1.5%
−2.62%
Day of report
−0.76%
Next session
−1.84%
One week
−5.56%
30 days

S&P 500 over the same 30 days: −3.75%.

Did D Beat Earnings? Q4 2025 Results

Dominion Energy closed out 2025 with a fourth-quarter earnings beat that extended its winning streak to four consecutive quarters, posting adjusted EPS of $0.68 against a consensus estimate of $0.67 and revenue of $4.09 billion that ran nearly 10% ahead of the $3.72 billion analysts had expected. Revenue surged 20.4% from the year-ago period's $3.40 billion, reflecting broad-based growth across the company's regulated utility platform. A standout contributor to the quarter's strength was Dominion Energy Virginia, where rider equity returns added $96 million to operating earnings, complemented by customer usage growth and favorable weather. Full-year 2025 operating earnings reached $2.97 billion, or $3.42 per share, compared to $2.39 billion, or $2.77 per share, in 2024. Looking ahead, management issued 2026 operating EPS guidance of $3.45 to $3.69, with a midpoint of $3.57, and extended its 5% to 7% annual EPS growth target through 2030, with a bias toward the upper half of that range for 2028 through 2030, underpinned by a substantially expanded $64.7 billion five-year capital spending plan targeting surging electricity demand from data centers.

Key Takeaways
  • Rider equity return contributed $96M increase in Q4 for Dominion Energy Virginia
  • Customer usage and other factors added $42M in Q4 for Dominion Energy Virginia
  • Planned Millstone outage timing benefit of $53M in Q4 for Contracted Energy
  • Renewable energy production tax credits contributed $44M in Q4 for Contracted Energy
  • Renewable energy investment tax credits contributed $21M in Q4 for Contracted Energy
  • Margin improvement of $27M in Contracted Energy
  • Weather contributed $16M positive impact for Dominion Energy Virginia in Q4
  • Base & RSA rate case impacts of $3M for Dominion Energy South Carolina in Q4
  • Full-year rider equity return increased $507M for Dominion Energy Virginia

Forward Guidance & Outlook

Dominion Energy announced full-year 2026 operating earnings guidance of $3.45 to $3.69 per share with a midpoint of $3.57 per share, which includes $0.07 per share from RNG 45Z income. The company extended its long-term annual operating EPS growth guidance of 5% to 7% through 2030, off the original 2025 operating EPS guidance midpoint of $3.30 per share (excluding RNG 45Z), with a bias to the upper half of the growth rate range for 2028 through 2030. The company also reaffirmed its existing credit and dividend guidance.

D YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$2.0B$4.0B$3.4B$4.1BRevenue$391.0M$756.0MOperating Income$59.9M$567.0MNet Income
$0$2.0B$4.0BRevenueOperating IncomeNet Income

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