Dominion Energy, Inc.'s Stock Analysis

Dominion Energy Increases Authorized Share Sales to $1.8 Billion

Dominion Energy, Inc. has announced an increase in the maximum authorized amount for its existing sales agency agreements to allow for the sale of up to $1.8 billion in common stock. This adjustment was communicated on October 28, 2025, and involves multiple financial institutions acting as sales agents and forward purchasers. The company may sell shares through an at-the-market program, which enables the issuance of shares over time through various trading methods, including direct sales on the New York Stock Exchange.

Additionally, on October 31, 2025, Dominion Energy entered into new sales agency agreements with additional financial institutions and amended its agreement with Goldman Sachs to include collared forward transactions. While the company will not initially receive proceeds from the sale of borrowed shares, it expects to receive funds upon the physical settlement of forward sale agreements. The overall structure allows for flexibility in how shares are sold and proceeds are managed, which could impact the company's financial position and stock performance.

Oct 31, 2025 16:55:37

Dominion Energy Reports Third-Quarter 2025 Financial Results

Dominion Energy, Inc. reported a GAAP net income of $1.0 billion, or $1.16 per share, for the third quarter of 2025, an increase from $934 million, or $1.09 per share, in the same quarter of 2024. The company also reported operating earnings of $921 million, or $1.06 per share, compared to $836 million, or $0.98 per share, in the prior year quarter. The company has narrowed its full-year operating earnings guidance to a range of $3.33 to $3.48 per share, maintaining the original midpoint of $3.40 per share, and expects to meet or exceed this midpoint assuming normal weather conditions for the remainder of the year.

Dominion Energy serves 3.6 million electricity customers and 500,000 natural gas customers across Virginia, North Carolina, and South Carolina. The company is a leader in developing regulated offshore wind and solar power, and it is the largest producer of carbon-free electricity in New England. The management emphasized the use of operating earnings as a primary performance metric, which excludes certain items that may affect reported earnings. The company reaffirmed its long-term operating earnings growth guidance of 5% to 7% through 2029.

Oct 31, 2025 07:31:13

Dominion Energy Announces $1.25 Billion in Junior Subordinated Notes

Dominion Energy, Inc. has entered into an underwriting agreement for the sale of $625 million of its 2025 Series A Junior Subordinated Notes and $625 million of its 2025 Series B Junior Subordinated Notes, both due in 2056. This issuance adds to the company's previously outstanding notes from August 2025, bringing the total amounts of Series A and Series B notes to $1.45 billion and $1.325 billion, respectively.

The new notes are registered under the Securities Act of 1933 and will be issued under supplemental indentures related to the company's existing subordinated debt framework. The underwriting agreement involves BofA Securities, J.P. Morgan Securities, and Truist Securities as representatives for the underwriters. This transaction is part of Dominion Energy's ongoing financing strategy.

Oct 01, 2025 09:23:21

Dominion Energy Announces Sale of $1.525 Billion in Notes

Dominion Energy, Inc. has entered into an underwriting agreement for the sale of $825 million in 2025 Series A Junior Subordinated Notes and $700 million in 2025 Series B Junior Subordinated Notes, both due in 2056. These notes are registered under Rule 415 of the Securities Act of 1933 and were previously registered under a registration statement that became effective on February 21, 2023.

The Junior Subordinated Notes will be issued under the Nineteenth and Twentieth Supplemental Indentures to the Company’s existing subordinated indenture. Relevant documents, including the underwriting agreement and supplemental indentures, have been filed as exhibits to the Form 8-K. This issuance may impact the company's financial structure and liquidity position.

Aug 06, 2025 09:42:41

Dominion Energy Reports Second-Quarter Earnings and Guidance

Dominion Energy announced its preliminary unaudited earnings for the second quarter of 2025, reporting a GAAP net income of $760 million, or $0.88 per share, an increase from $563 million, or $0.64 per share, in the same quarter of 2024. The company also reported operating earnings of $649 million, or $0.75 per share, compared to $567 million, or $0.65 per share, in the prior year. The earnings reflect adjustments related to nuclear decommissioning trust funds and economic hedging activities.

The company reaffirmed its full-year 2025 operating earnings guidance, expecting a range between $3.28 and $3.52 per share, consistent with previous financial guidance provided in its fourth quarter 2024 earnings call. Dominion Energy serves 3.6 million electricity customers and 500,000 natural gas customers across Virginia, North Carolina, and South Carolina, and is a major developer of offshore wind and solar power, aiming to provide reliable and increasingly clean energy.

Aug 01, 2025 07:31:29

Dominion Energy Reports $2.44 Earnings Per Share for 2024

Dominion Energy reported a GAAP net income of $2.44 per share for the full year 2024, an increase from $2.33 per share in 2023. The company's operating earnings also rose, reaching $2.77 per share, compared to $1.95 per share the previous year. The fourth quarter of 2024 saw a decline in GAAP net income to $0.15 per share from $0.37 per share in the same quarter of 2023, but operating earnings improved significantly to $0.58 per share from $0.29 per share. The company highlighted its ability to deliver reliable and clean energy despite facing adverse weather conditions and achieved nearly record employee safety performance during the year.

On the negative side, the fourth quarter's reported net income dropped sharply from the previous year, reflecting a decrease in overall profitability. Additionally, the company faced significant pre-tax losses in adjustments to reported earnings, totaling $410 million, primarily due to various operational challenges and economic conditions. Despite narrowing its guidance for 2025 operating earnings to a range of $3.28 to $3.52 per share, Dominion Energy is still navigating uncertainties related to market conditions and regulatory factors that could impact future earnings.

Feb 12, 2025 07:36:27

Dominion Energy Updates Coastal Virginia Offshore Wind Project Costs

Dominion Energy reported that the Coastal Virginia Offshore Wind (CVOW) project is approximately 50% complete and remains on track for completion by the end of 2026. The project has achieved significant construction milestones, including the installation of the first 16 transition pieces, and is expected to create 2,000 jobs and generate $2 billion in economic activity. The average impact on residential customer bills is projected to be an increase of 43 cents per month, with cost-sharing mechanisms in place to protect customers and shareholders.

However, the estimated total project costs have risen from $9.8 billion to $10.7 billion, primarily due to higher network upgrade costs assigned by the regional electric grid operator, PJM. This marks a 9% increase, the first since the project's original budget submission in November 2021. Although costs for other project components have remained stable, Dominion Energy anticipates a $100 million charge in Q4 2024 as part of a financing agreement with Stonepeak, which will share in the increased costs that are not recoverable from customers.

Feb 03, 2025 16:29:24

Dominion Energy Reports $954 Million Net Income in Q3 2024

Dominion Energy announced a notable increase in its third-quarter 2024 net income, reporting $954 million or $1.12 per share, compared to $157 million or $0.16 per share in the same quarter of 2023. The operating earnings for the same period also rose to $835 million or $0.98 per share, up from $651 million or $0.75 per share in the previous year. The company has narrowed its full-year 2024 operating earnings guidance to a range of $2.68 to $2.83 per share, maintaining the midpoint at $2.75 per share.

On the downside, while the overall financial performance improved, there were significant adjustments impacting the reported earnings, including losses from nuclear decommissioning trust funds and economic hedging activities. Additionally, the company faced a net loss from discontinued operations, further complicating the financial picture. Dominion Energy's operating expenses remained substantial, and the company continues to navigate regulatory and market challenges, which could affect future performance.

Nov 01, 2024 07:32:47

Dominion Energy Reports Stable Earnings for Q2 2024

Dominion Energy announced a second-quarter net income of $0.65 per share, slightly down from $0.67 in 2023. However, operating earnings improved significantly from $0.35 to $0.65 per share. The company reaffirmed its financial guidance for 2024 and 2025, indicating stability in earnings and dividends. Overall, the results suggest a positive outlook despite the slight dip in net income.

Aug 01, 2024 07:32:18

Company Report Signature

Steven D. Ridge, Executive VP and CFO, signs the report as required by the Securities Exchange Act of 1934 on behalf of the registrant on June 3, 2024.

Jun 03, 2024 16:15:31