D
Dominion Energy, Inc.59.34
-0.50-0.84%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
CVOW details, EPS conservatism unpacked
Q&A drilled into CVOW turbine installation, eyeing 2.25 days per turbine for majority in 2026, with $150-200M added per extra quarter past July 2027—costs shared with Stonepeak. Management unpacked 2026's 6% base EPS growth via rate case catch-up, but flagged back-loaded tailwinds, Millstone RFP conservatism post-2029, and equity dilution drag. No SMR capex yet; PJM transmission fits the $65B plan. Data centers won't crowd other loads. Answers largely reaffirmed prepared guidance. Execution watchpoint.
Key Stats
Market Cap
50.67BP/E (TTM)
19.39Basic EPS (TTM)
3.06Dividend Yield
0.04%Recent Filings
8-K
2025 EPS beats, 2026 guidance
Dominion Energy reported 2025 GAAP net income of $3.45 per share, up from $2.33, with operating earnings (non-GAAP) of $3.42 per share versus $2.77 last year. Q4 operating earnings hit $0.68 per share, beating $0.58. Guidance targets 2026 operating EPS of $3.45-$3.69; growth holds at 5%-7% through 2030. CVOW charges linger.
10-K
FY2025 results
Dominion Energy posted FY2025 net income of $3.0B, up 47% y/y, buoyed by higher rider equity returns on Virginia Power's capital investments and strong electric sales growth from data centers, yet Q4 momentum slowed with $258M ($192M after-tax) charges for CVOW wind project cost overruns to $11.5B amid tariffs and delays. Q4 accelerated nuclear trust gains but lagged on storm costs; margins held firm via regulated recoveries. Year-end liquidity swelled with $65B capex plan through 2030 funding solar, offshore wind, and grid upgrades, bolstered by $8.7B debt issuances. Q4 drove $314M EPS lift from riders and usage. Regulatory risks loom from biennial ROE scrutiny.
8-K
Approves 2026 incentive plan
Dominion Energy's Compensation and Talent Development Committee approved the 2026 Annual Incentive Plan on January 30, 2026. Officers qualify for performance-based cash awards at target levels tied to base salary percentages. Payouts hinge on CTD-set goals from the 2024 Incentive Compensation Plan, funding 0% to 200% of targets. Incentives align executives with performance metrics.
8-K
CVOW costs up to $11.5B
Dominion Energy updated its Coastal Virginia Offshore Wind project costs to $11.5B, up from $11.2B, due to a $228M BOEM suspension delay and $580M in tariffs. First electricity arrives Q1 2026; full completion slips to early 2027. Costs rise, yet LCOE holds at $84/MWh. Cost-sharing shields customers.
8-K
Court lifts CVOW suspension
Dominion Energy scored a preliminary injunction from the U.S. District Court for the Eastern District of Virginia on January 16, 2026, letting its subsidiary resume work on the 2.6-gigawatt Coastal Virginia Offshore Wind project after BOEM's 90-day suspension order. Construction restarts now, eyeing energy delivery in weeks amid the ongoing lawsuit. Court victory lifts key hurdle.
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