Dominion Energy (NYSE:D) Issues Earnings Results

01 May 2026, 21:51 by Scott Moore · The Cerbat Gem

Dominion Energy (NYSE:D – Get Free Report) released its quarterly earnings data on Friday. The utilities provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06, Briefing.com reports. Dominion Energy had a return on equity of 9.67% and a net margin of 18.05%.The company had revenue of $5.02 billion for the quarter, compared to the consensus estimate of $4.43 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The company’s quarterly revenue was up 23.1% on a year-over-year basis. Dominion Energy updated its FY 2026 guidance to 3.450-3.690 EPS.

Here are the key takeaways from Dominion Energy’s conference call:

Management reaffirmed full-year financial guidance, reported Q1 operating EPS of $0.95 (GAAP $0.69), said FFO-to-debt metrics remain above 15%, and noted ~$1.2B of ATM equity issued year-to-date.
The Coastal Virginia Offshore Wind (CVOW) project is over 75% complete, achieved first power in March, and the company expects the majority of turbines placed in service by end-2026 with remaining units by mid-2027.
CVOW budget is now $11.4B (≈$100M lower than prior update) with $123M of unused contingency, and Dominion estimates about $5B of fuel savings for customers in the project’s first 10 years.
Cost risks remain for CVOW — potential Section 232 steel/aluminum tariffs could add roughly $200M, while PJM transmission-cost reallocations are pending and could shift allocations, creating near-term uncertainty.
Long-term growth catalysts include Virginia’s new storage mandate (petition for 20 GW by 2045) and a data-center pipeline of over 50 GW (≈10.4 GW contracted), which the company says could accelerate regulated capital deployment and extend growth.

Dominion Energy Trading Down 0.9%

Shares of D stock traded down $0.57 on Friday, hitting $63.93. The stock had a trading volume of 6,257,867 shares, compared to its average volume of 4,210,771. Dominion Energy has a twelve month low of $52.53 and a twelve month high of $67.57. The firm has a market cap of $56.19 billion, a P/E ratio of 18.58, a PEG ratio of 3.39 and a beta of 0.65. The company has a current ratio of 0.77, a quick ratio of 0.59 and a debt-to-equity ratio of 1.36. The company has a fifty day moving average price of $62.56 and a two-hundred day moving average price of $61.27.

Hedge Funds Weigh In On Dominion Energy

Several institutional investors and hedge funds have recently made changes to their positions in D. Wellington Management Group LLP grew its holdings in shares of Dominion Energy by 46.2% in the 4th quarter. Wellington Management Group LLP now owns 44,943,727 shares of the utilities provider’s stock valued at $2,633,253,000 after buying an additional 14,197,581 shares during the period. Adage Capital Partners GP L.L.C. acquired a new position in shares of Dominion Energy in the 4th quarter valued at $125,495,000. State Street Corp grew its holdings in shares of Dominion Energy by 3.6% in the 4th quarter. State Street Corp now owns 48,620,273 shares of the utilities provider’s stock valued at $2,848,662,000 after buying an additional 1,686,050 shares during the period. Invesco Ltd. grew its holdings in shares of Dominion Energy by 10.8% in the 3rd quarter. Invesco Ltd. now owns 11,545,003 shares of the utilities provider’s stock valued at $706,208,000 after buying an additional 1,129,130 shares during the period. Finally, Morgan Stanley grew its holdings in shares of Dominion Energy by 8.5% in the 4th quarter. Morgan Stanley now owns 11,910,925 shares of the utilities provider’s stock valued at $697,861,000 after buying an additional 929,668 shares during the period. Institutional investors and hedge funds own 73.04% of the company’s stock.

Analyst Upgrades and Downgrades

D has been the subject of a number of recent research reports. Truist Financial initiated coverage on Dominion Energy in a research report on Tuesday, April 21st. They set a “hold” rating and a $67.00 target price for the company. Wells Fargo & Company dropped their target price on Dominion Energy from $67.00 to $64.00 and set an “overweight” rating for the company in a research report on Tuesday, January 20th. Barclays boosted their target price on Dominion Energy from $63.00 to $66.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 8th. Weiss Ratings upgraded Dominion Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, February 9th. Finally, Morgan Stanley dropped their target price on Dominion Energy from $69.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. Three equities research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $65.69.

Check Out Our Latest Report on D

Dominion Energy News Roundup

Here are the key news stories impacting Dominion Energy this week:

Positive Sentiment: Q1 operating EPS and revenue beat estimates — operating EPS $0.95 vs. $0.89 expected (+6.95%); revenue $5.02B vs. ~$4.43B expected (+~17%). Strong top-line growth (Y/Y +23%) supports earnings outlook and shows demand strength. Dominion Energy (D) Beats Q1 Earnings and Revenue Estimates
Positive Sentiment: Operational drivers: higher Virginia power demand, favorable weather and RNG tax credits helped results; Coastal Virginia Offshore Wind (CVOW) progress noted on the call, supporting the company’s transition/renewables thesis. Dominion beats quarterly profit estimates on higher Virginia power demand
Neutral Sentiment: FY2026 operating EPS guidance reaffirmed at $3.450–$3.690 (company midpoint ≈ $3.57 vs. street ≈ $3.59). Reaffirmation reduces surprise risk but the lower bound sits below consensus, leaving limited upside from guidance alone. Dominion Energy Announces First-Quarter 2026 Results
Negative Sentiment: GAAP net income declined Y/Y (Q1 GAAP $0.69/shr vs. $0.77/shr prior year) even though operating (non‑GAAP) EPS beat — the GAAP miss and mix differences can pressure sentiment among more conservative investors. Dominion Energy Announces First-Quarter 2026 Results
Negative Sentiment: Regulatory/reputational risk: a new state law mandates review of Dominion’s load forecasting amid data center growth — potential for regulatory scrutiny or changes to planning assumptions. New state law mandates review of Dominion’s load forecasting, as data centers raise concerns
Negative Sentiment: Customer impact headlines: local reports of electric-bill increases (e.g., Culpeper) could attract negative publicity and political pressure around rates. That can influence regulatory outcomes and near-term sentiment. Culpeper residents to see increase in electric bill driven by higher power costs

About Dominion Energy

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Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company’s core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories.