Dominion Energy
Regulated electric utility serving Virginia and the Carolinas, with contracted nuclear generation.
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Profile
Generates, transmits, and distributes regulated electricity across Virginia, northeastern North Carolina, and South Carolina, with gas distribution in South Carolina and contracted nuclear and solar generation elsewhere. State-approved rates drive the utility businesses, while a pending NextEra Energy combination remains subject to shareholder and regulatory approval.
Supplies regulated electricity through Dominion Energy Virginia and Dominion Energy South Carolina, serving homes and businesses across Virginia, northeastern North Carolina, and South Carolina. The Virginia business generates, transmits, and distributes power; the South Carolina business also distributes natural gas.
Contracted Energy adds long-term-contracted generation outside the core utilities, led by Connecticut’s Millstone nuclear station and solar assets. The portfolio also includes the 2.6-gigawatt Coastal Virginia Offshore Wind project under construction off Virginia Beach, alongside nuclear, natural gas, solar, and other regulated generation.
Utility revenue depends on rates approved by state commissions, while Millstone sells into New England’s wholesale power market under contracts and market arrangements. A pending combination with NextEra Energy requires shareholder and state and federal regulatory approvals; if completed, the common shares would be converted into NextEra shares and cash.
Company facts
Key statistics
Year to date +10.6% · Average volume (30d) 3.4M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 19, 2026 | Cowen & Co. | Upgrade | Hold | Buy | ||
| Aug 19, 2026 | UBS | Target | $64 | $80 | ||
| Aug 19, 2026 | TD Cowen | Upgrade | Hold | Buy | ||
| Aug 17, 2026 | Evercore ISI | Reiterate | Positive | $67 | $70 | |
| Aug 13, 2026 | Truist Financial | Target | $67 | $66 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 31, 2026Q2 FY26 | $0.68 | $0.79 | +16.0% | $4.04B | $4.48B | +10.8% | −0.80% |
| May 1, 2026Q1 FY26 | $0.90 | $0.95 | +5.3% | $4.43B | $5.02B | +13.3% | −1.55% |
| Feb 23, 2026Q4 FY25 | $0.67 | $0.68 | +1.9% | $3.65B | $4.09B | +12.1% | −0.76% |
| Oct 31, 2025Q3 FY25 | $0.96 | $1.06 | +11.0% | $4.26B | $4.53B | +6.2% | −0.34% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $4.08B | $3.81B | $4.53B | $4.09B | $5.14B | $4.56B | |
| Gross profit | $2.06B | $1.92B | $2.27B | $1.84B | $2.65B | $2.26B | |
| Operating income | $1.22B | $1.10B | $1.34B | $756.0M | $1.44B | $1.07B | |
| Net income | $646.0M | $760.0M | $1.01B | $586.0M | $621.0M | $340.0M | |
| Diluted EPS | $0.75 | $0.88 | $1.18 | $0.64 | $0.69 | $0.37 | |
| Gross margin | 50.5% | 50.4% | 50.2% | 44.9% | 51.6% | 49.7% | |
| Operating margin | 30.0% | 28.8% | 29.6% | 18.5% | 28.0% | 23.5% |
Fiscal years (4-quarter sums)FY21 $13.96B · FY22 $16.75B · FY23 $14.39B · FY24 $14.46B · FY25 $16.51B
Revenue by product · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $296.0M · Total debt $53.42B · Total assets $121.89B · Shareholders' equity $28.92B
Dividends
Raised for 4 straight years — most recently to $0.668 from $0.63 in Mar 2022. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 29, 2026 | May 29 | Jun 20 | $0.6675 | |
| Feb 27, 2026 | Feb 27 | Mar 20 | $0.6675 | |
| Dec 5, 2025 | Dec 5 | Dec 20 | $0.6675 | |
| Sep 5, 2025 | Sep 5 | Sep 20 | $0.6675 | |
| May 29, 2025 | May 29 | Jun 20 | $0.6675 | |
| Feb 28, 2025 | Feb 28 | Mar 20 | $0.6675 | |
| Nov 29, 2024 | Nov 29 | Dec 20 | $0.6675 | |
| Aug 30, 2024 | Aug 30 | Sep 20 | $0.6675 |
Ownership
Shares outstanding 879.53M · Float 878.31M · 99.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Capital Research Global Investors | 73.86M | 8.40% | 13F | Aug 12, 2026 |
| BlackRock, Inc. | 73.02M | 8.30% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 57.40M | 6.53% | 13F | Aug 13, 2026 |
| State Street Corp | 50.92M | 5.79% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 45.07M | 5.12% | 13F | Aug 13, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
View detailsPeers
- Duke Energy
Adjacent NC/SC regulated electric peer; co-cancelled ACP; shared Carolinas footprint.
- Southern Company
SE regulated utility benchmark; Vogtle nuclear peer; data-center load growth rival.
- American Electric Power
Only other IOU in Virginia via APCo; PJM transmission co-developer; FERC Order 1000 rival.
- Constellation Energy
Merchant nuclear PPA rival for data-center power in PJM; Microsoft TMI restart deal.
- Exelon
Nation's largest T&D utility; PJM Mid-Atlantic peer; Pepco adjacent to Northern Virginia.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dominion Energy | $65.52 | −0.02% | $57.63B | 22.8 | 17.1 | 3.1 | +17.6% |
| Duke Energy | $120.20 | −0.02% | $93.75B | 18.1 | 17.7 | 2.8 | +1.1% |
| Southern Company | $92.05 | +4.32% | $101.52B | 21.3 | 18.9 | 3.4 | +0.1% |
| American Electric Power | $125.76 | +2.84% | $66.59B | 21.2 | 18.4 | 3.0 | +7.0% |
| Constellation Energy | $277.11 | +0.13% | $99.38B | 26.9 | 22.4 | 3.2 | +23.0% |
| Exelon | $44.08 | +0.38% | $45.26B | 16.0 | 14.9 | 1.8 | +10.0% |
| Median | 21.2 | 18.4 | 3.0 | +7.0% |