Dominion Energy sign on building

Dominion Energy Expands Spending Plan To Fuel Explosive Data Center Growth

Earnings Snapshot

The company posted operating earnings, a non-GAAP measure, of 68 cents per share, exceeding the consensus estimate of 67 cents and up from 58 cents per share in the year-earlier quarter.

Total operating revenue rose to $4.093 billion, surpassing the analyst estimate of $3.653 billion and increasing 20.38% from a year earlier.

By segment, Dominion Energy Virginia posted operating earnings of $536 million, up from $440 million a year earlier.

Dominion Energy South Carolina generated $106 million in operating earnings, compared with $102 million in the prior-year quarter.

The Contracted Energy segment delivered a sharper increase, with operating earnings rising to $117 million from $54 million a year ago.

Outlook

Dominion Energy said it expects 2026 operating earnings of $3.45 to $3.69 per share, compared with the analyst estimate of $3.60 per share. The outlook includes 7 cents per share of RNG 45Z income.

The company extended its long-term operating earnings per share growth guidance of 5% to 7% through 2030, based on a $3.30 per share base, defined as the 2025 operating earnings per share midpoint excluding RNG 45Z income. It maintained its existing credit and dividend guidance.

The utility raised its five-year capital plan for 2026–2030 to $64.7 billion, up from the prior $50.1 billion target, an increase of roughly 30% (about $15 billion), underscoring an accelerated growth strategy aimed at delivering reliable, affordable, and increasingly clean energy to customers every day.

D Price Action: Dominion Energy shares were down 2.24% at $64.48 at the time of publication on Monday, according to Benzinga Pro data.

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