Some investors were energized by Dominion Energy's (D 0.79%) latest earnings report, which was published before market open on Thursday. The lightly positive reaction to the gas and electric utility company's performance boosted its stock price, which closed the day nearly 1% higher. That was lofty enough to beat the 0.6% increase of the S&P 500 index.Double-digit bouncesIn Dominion's first quarter, the company earned just under $4.08 billion in revenue for a satisfying 12% improvement year over year. The c ...

Dominion Energy Inc. (D) delivered first-quarter 2025 operating earnings of 93 cents per share, which surpassed the Zacks Consensus Estimate of 77 cents by 20.8%. The metric increased 69.1% from the year-ago quarter. (See the Zacks Earnings Calendar to stay ahead of market-making news.)GAAP earnings were 75 cents per share compared with 50 cents in the year-ago quarter.Revenues of Dominion EnergyRevenues of $4.07 billion surpassed the Zacks Consensus Estimate of $3.81 billion by 6.8%. The top line also incr ...

People walk through the hallways at Equinix Data Center in Ashburn, Virginia, on May 9, 2024.Data center demand is not slowing down in the world's largest market centered in northern Virginia, executives at Dominion Energy said Thursday.Dominion provides electricity in Loudoun County, nicknamed "Data Center Alley" because it hosts the largest cluster of data centers in the world. The utility works closely with the Big Tech companies that are investing tens of billions of dollars in data centers as they trai ...

Financial Performance - Net income for the three months ended March 31, 2025, was $692 million, compared to $441 million for the same period in 2024, representing a 57% increase [16]. - Comprehensive income attributable to Dominion Energy increased to $650 million in Q1 2025 from $434 million in Q1 2024, a growth of 50% [16]. - Dominion Energy reported a net income of $692 million for the three months ended March 31, 2025, compared to $441 million for the same period in 2024, representing a 57% increase [27]. - Operating revenue for Virginia Electric and Power Company increased to $2,765 million in Q1 2025, up from $2,489 million in Q1 2024, reflecting an 11% growth [30]. - The company reported a comprehensive income of $523 million for the three months ended March 31, 2025, compared to $468 million for the same period in 2024, an increase of 11.7% [33]. - Dominion Energy's net income attributable from continuing operations was $647 million for the three months ended March 31, 2025, compared to $323 million in 2024, representing a 100% increase [80]. - The effective tax rate for Dominion Energy was 7.4% for the three months ended March 31, 2025, down from 14.5% in 2024 [77]. - Dominion Energy's basic EPS from continuing operations increased to $0.75 for the three months ended March 31, 2025, compared to $0.36 in 2024, a 108% increase [80]. Assets and Liabilities - Total assets as of March 31, 2025, reached $104.555 billion, up from $102.415 billion at the end of 2024, indicating a 2.1% increase [19]. - Cash and cash equivalents increased to $355 million in Q1 2025 from $310 million in Q4 2024, a rise of 14.5% [19]. - Customer receivables decreased to $2.045 billion in Q1 2025 from $2.169 billion in Q4 2024, a decline of 5.7% [19]. - Property, plant, and equipment net value rose to $71.169 billion in Q1 2025 from $68.862 billion in Q4 2024, an increase of 3.8% [19]. - Total current liabilities decreased from $9,289 million as of December 31, 2024, to $8,778 million as of March 31, 2025, a reduction of approximately 5.5% [22]. - Long-term debt rose to $39,949 million as of March 31, 2025, compared to $37,525 million at the end of 2024, indicating a 6.4% increase [22]. - Dominion Energy's total liabilities increased to $73,833 million as of March 31, 2025, from $72,223 million at the end of 2024, marking a 2.2% rise [22]. - Shareholders' equity increased to $30,722 million as of March 31, 2025, from $30,192 million at the end of 2024, a growth of 1.8% [22]. Cash Flow and Operating Activities - Cash provided by operating activities was $1,183 million for the three months ended March 31, 2025, down from $1,982 million in the same period of 2024, a decline of 40% [27]. - Net cash provided by operating activities for the three months ended March 31, 2025, was $1,142 million, down from $1,475 million in 2024, a decrease of 22.6% [42]. - Cash, restricted cash, and equivalents at the end of the period increased to $294 million, up from $125 million, marking a growth of 135.2% [42]. - Dominion Energy's total cash, restricted cash, and equivalents amounted to $477 million in Q1 2025, compared to $336 million in Q1 2024, a 42% increase [54]. Investments and Expenditures - Accrued capital expenditures for Dominion Energy reached $1,037 million in Q1 2025, compared to $753 million in Q1 2024, indicating a 37.7% increase [58]. - Total investments decreased to $4,204 million as of March 31, 2025, from $4,290 million at the end of 2024, a decline of 2.01% [38]. Regulatory and Strategic Initiatives - The company is actively pursuing market expansion and strategic acquisitions, including the sale of its membership interests in various subsidiaries to Enbridge, expected to be completed by September 2024 [11]. - Virginia Power proposed a base rate increase of $822 million effective January 2026, with an incremental increase of $345 million effective January 2027 [145]. - Virginia Power filed its annual fuel factor to recover an estimated $2.6 billion in projected fuel expenses for the rate year beginning July 1, 2025 [146]. - Virginia Power's renewable generation projects are expected to cost approximately $605 million and be operational between 2026 and 2028 [149]. - The Chesterfield Energy Reliability Center project is expected to cost approximately $1.5 billion and have a generating capacity of 944 MW, pending approval [150]. Debt and Financing Activities - The company issued $3,200 million in long-term debt during Q1 2025, compared to $1,000 million in the same period of 2024, reflecting a significant increase in financing activities [27]. - Dominion Energy's joint revolving credit facility was increased from $6.0 billion to $7.0 billion, with letters of credit support raised from $2.0 billion to $3.0 billion [172]. - At March 31, 2025, Dominion Energy's commercial paper outstanding was $1.638 billion, with available capacity under the credit facility at $4.355 billion [173]. - Virginia Power requested approval to issue and sell up to $3.5 billion of common stock to maintain credit metrics and fund capital expenditures [147]. Environmental and Regulatory Compliance - The company is evaluating the need for entrainment controls under the final rule of Section 316(b) of the CWA, which could materially impact financial condition and cash flows [199]. - Dominion Energy expects that existing regulatory frameworks in Virginia and South Carolina will mitigate potential impacts from compliance costs associated with environmental regulations [202]. Miscellaneous - Dominion Energy recorded dividends of $11 million on Series C Preferred Stock for both Q1 2025 and Q1 2024 [185]. - The company has $0.9 billion available for stock repurchase as of March 31, 2025, from an authorized $1.0 billion program [190]. - Dominion Energy has $56 million in reserves recorded for remediation work associated with former manufactured gas plant sites as of March 31, 2025 [205]. - Virginia Power recorded $50 million in reserves for remediation activities as of March 31, 2025 [205].

Dominion Energy (D) Q1 2025 Earnings Call May 01, 2025 11:00 AM ET Speaker0 At the conclusion of today's presentation, we will open the floor for questions. Instructions will be given for the procedure to follow if you would like to ask a question at that time. I would now like to turn the call over to David McFarland, Vice President, Investor Relations and Treasurer. Speaker1 Good morning, and thank you for joining Dominion Energy's first quarter twenty twenty five earnings call. Earnings materials, includ ...

Dominion Energy (D) came out with quarterly earnings of $0.93 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.55 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.78%. A quarter ago, it was expected that this energy company would post earnings of $0.54 per share when it actually produced earnings of $0.58, delivering a surprise of 7.41%.Over the last four quarters, the compa ...

Q1 2025 earnings call May 1, 2025 2 Financial results and guidance Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the business and operations of Dominion Energy. We have used the words "path", "anticipate", "believe", "could", "estimate", "expect", "intend", "may", "pl ...

Exhibit 99 Dominion Energy Announces First-Quarter 2025 Earnings Results RICHMOND, Va. – Dominion Energy, Inc. (NYSE: D), today announced unaudited net income determined in accordance with Generally Accepted Accounting Principles (GAAP or reported earnings) for the three months ended March 31, 2025, of $646 million ($0.75 per share) compared with net income of $441 million ($0.50 per share) for the same period in 2024. Operating earnings (non-GAAP) for the three months ended March 31, 2025, were $803 millio ...

Dominion Energy (D 0.11%) has a number of very attractive features to offer dividend investors. But there's one fact about the company that will likely cause investors some concern. Here's why it could be the smartest investment you can make today if you can look past management's broken promise.What did Dominion Energy do that was so bad?Dominion Energy was projecting continued dividend growth leading up to its sale of pipeline assets to Berkshire Hathaway. The cash flow lost from this decision was materia ...

Dominion Energy Inc. (D) is expected to report an improvement in the bottom line when it reports first-quarter 2025 results on May 1, before market open. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for D’s first-quarter revenues is pegged at $3.85 billion, indicating a 6.02% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at 77 cents per share. The Zacks Consensus Estimate for D’s first-quarter earnings indicates ...