Dominion Energy, Inc.
- Open
- 71.67
- Day high
- 71.85
- Day low
- 70.80
- Prev close
- 71.44
- Volume
- 2.9M
- Mkt cap
- $62.5B
- P/E (TTM)
- 20.9
- EPS (TTM)
- $3.40
- P/B
- 2.1
- P/S
- 3.6
- Yield
- 3.76%
- Per share
- $2.67
Dominion Energy, Inc. (D) is a Utilities company listed on NYSE. The stock is up 21% over the past year. Drillr has 1 published research article covering D.
Dominion Energy, Inc. (D) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 8 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
D earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $0.90 | $0.95 | +5.3% | $5.0B | +13.3% |
| Feb 23, 2026 | $0.67 | $0.68 | +1.9% | $4.1B | +12.1% |
| Oct 31, 2025 | $0.95 | $1.06 | +11.0% | $4.5B | +6.2% |
| Aug 1, 2025 | $0.68 | $0.75 | +10.8% | $3.8B | +4.3% |
| May 1, 2025 | $0.75 | $0.93 | +23.5% | $4.1B | +2.9% |
| Feb 12, 2025 | $0.56 | $0.58 | +3.6% | $3.4B | -13.7% |
| Nov 1, 2024 | $0.93 | $0.98 | +5.4% | $3.9B | -5.7% |
| Aug 1, 2024 | $0.56 | $0.65 | +16.1% | $3.5B | -6.5% |
| May 2, 2024 | $0.55 | $0.55 | +0.0% | $3.6B | -16.4% |
| Feb 22, 2024 | $0.38 | $0.29 | -23.7% | $3.5B | -16.0% |
| Nov 3, 2023 | $0.78 | $0.77 | -1.3% | $3.8B | -18.4% |
| Aug 4, 2023 | $0.47 | $0.53 | +12.8% | $3.2B | -14.9% |
D insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| May 7, 2026 | BENNETT JAMES Adirector | Grant | 2,820 | $62.95 |
| May 7, 2026 | Sutherland Vanessa Allendirector | Grant | 4,687 | $62.95 |
| May 7, 2026 | Royal Pamela J.director | Grant | 2,820 | $62.95 |
| May 7, 2026 | HAGOOD D MAYBANKdirector | Grant | 2,820 | $62.95 |
| May 7, 2026 | Lovejoy Kristin Gdirector | Grant | 4,687 | $62.95 |
| May 7, 2026 | Kington Mark Jdirector | Grant | 5,005 | $62.95 |
| May 7, 2026 | STORY SUSAN Ndirector | Grant | 2,661 | $62.95 |
| May 7, 2026 | STORY SUSAN Ndirector | Grant | 2,820 | $62.95 |
| May 7, 2026 | Lyash Jeffrey J.director | Grant | 2,820 | $62.95 |
| May 7, 2026 | SPILMAN ROBERT H JRdirector | Grant | 5,084 | $62.95 |
| May 7, 2026 | RIGBY JOSEPH Mdirector | Grant | 3,273 | $62.95 |
| Feb 27, 2026 | Kissam William Kellerofficer: President - Dominion Energy SC | Grant | 2,360 | — |
| Feb 27, 2026 | Ratliff Gary Gofficer: VP, Controller and CAO | Grant | 1,227 | — |
| Feb 27, 2026 | Carr Ericofficer: CNO and Pres. Nuc. Ops. and CE | Grant | 6,607 | — |
| Feb 27, 2026 | Brown Carlos Mofficer: EVP, CAPO and Corporate Sec. | Grant | 9,439 | — |
Source: D SEC Form 4 filings, latest May 7, 2026. For informational purposes only — not investment advice.
See the full D insider & 13F page →Dominion Energy, Inc. company profile
Overview
Dominion Energy, Inc. (NYSE:D) is a major American utility company founded in 1983 and headquartered in Richmond, Virginia. The company has evolved from its origins as Dominion Resources, Inc. to become one of the largest regulated electric and gas utilities in the United States. Today, Dominion Energy serves approximately 7 million customers across multiple states, operating extensive electric generation, transmission, and distribution infrastructure alongside natural gas distribution networks. The company has positioned itself as a leader in the energy transition, undertaking one of the largest offshore wind projects in the United States while maintaining a strong focus on regulated utility operations that provide stable, predictable earnings.
Business
Dominion Energy operates as a regulated utility company primarily focused on electricity generation, transmission, and distribution, along with natural gas distribution services. The utility industry is characterized by government regulation of rates and service territories, providing companies with monopolistic service areas in exchange for regulatory oversight of pricing and service quality. The company operates through four main business segments. Dominion Energy Virginia represents the largest segment, generating, transmitting, and distributing regulated electricity to approximately 2.7 million customers in Virginia and North Carolina. This segment accounts for the majority of the company's operations and includes the company's ambitious Coastal Virginia Offshore Wind (CVOW) project. The Gas Distribution segment operates regulated natural gas sales, transportation, and distribution to approximately 3.1 million customers across Ohio, West Virginia, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho. Dominion Energy South Carolina serves approximately 772,000 electric customers and 419,000 gas customers in South Carolina. The Contracted Assets segment includes non-regulated renewable energy generation facilities and gas transportation infrastructure. The company's infrastructure portfolio includes approximately 30.2 gigawatts of electric generating capacity, over 10,700 miles of electric transmission lines, 78,000 miles of electric distribution lines, and 95,700 miles of gas distribution infrastructure. A significant growth driver has been the explosive expansion of data centers in Virginia, which now represent approximately 26% of Dominion Energy Virginia's total electricity sales, with contracted capacity reaching 40 gigawatts as of 2024.
Revenue model
Dominion Energy generates revenue primarily through regulated utility rate structures approved by state public utility commissions. For electric operations, the company earns returns on invested capital through rate base mechanisms, where regulators allow the company to recover costs plus an approved return on equity. Natural gas distribution follows similar regulatory frameworks. The company benefits from various regulatory recovery mechanisms called "riders" that allow for timely cost recovery of specific investments, with approximately 60% of capital expenditures eligible for such treatment. The company's business model centers on steady, predictable cash flows from essential utility services. Customers pay monthly bills for electricity and natural gas based on usage and connection fees. Major revenue drivers include residential, commercial, and industrial customers, with data centers becoming an increasingly important customer class representing high-load, high-revenue accounts. Several factors influence the company's profitability margins. Positive margin drivers include growing electricity demand from data centers, regulatory mechanisms that provide timely cost recovery, and the company's ability to earn returns on large capital investments like the offshore wind project. The regulated nature of operations provides protection from commodity price volatility and ensures cost recovery. Negative margin pressures come from rising interest rates that increase financing costs for capital-intensive projects, potential regulatory lag between investment and cost recovery, environmental compliance costs, and the need to maintain affordable rates for residential customers. Weather variations also impact demand, though normalized weather patterns are typically assumed in rate-setting processes.
Competitive moat
Dominion Energy possesses a strong economic moat derived from its regulated utility franchise, which grants exclusive service territories protected by regulatory barriers to entry. The company's monopolistic position in its service areas creates predictable cash flows and reduces competitive threats, as new entrants cannot simply enter the market due to regulatory oversight and the massive capital requirements for utility infrastructure. The company's moat is reinforced by several factors. The essential nature of electricity and natural gas services creates highly inelastic demand, ensuring steady revenue streams regardless of economic conditions. Regulatory frameworks provide reasonable assurance of cost recovery and approved returns on invested capital. The company's strategic location in Virginia, particularly in the data center capital of the world, provides significant competitive advantages and growth opportunities that would be difficult for competitors to replicate. However, the moat faces some challenges. Regulatory risk remains present, as public utility commissions can change rate structures or deny cost recovery requests. The energy transition toward renewable sources and distributed generation could potentially erode traditional utility models over time. Additionally, the company's heavy capital investment requirements, particularly the $10.7 billion offshore wind project, create execution risks that could impact returns if not managed properly. Despite these challenges, the regulated utility model with exclusive service territories continues to provide substantial protection from competition and ensures relatively stable long-term cash flows.
Risks & safety
The company presents moderate financial risk with significant capital investment requirements creating near-term cash flow pressures. • Liquidity and Solvency: Current ratio of 0.73 indicates tight short-term liquidity, though typical for utilities with access to credit facilities. Total debt-to-equity ratio of 1.61 shows elevated leverage. Free cash flow remains significantly negative at -$2.0 billion in Q1 2025 due to heavy capital investments. • Valuation Metrics: Trading at 18.5x earnings and 1.75x book value, representing reasonable valuations for a regulated utility. EV/EBITDA of 11.9x is within normal utility ranges. • Other Considerations: The company maintains investment-grade credit ratings and has committed to its $2.67 annual dividend. The regulated nature of operations provides cash flow predictability, though the $10.7 billion offshore wind project represents significant execution risk. Strong regulatory recovery mechanisms help mitigate capital investment risks.
Recent development
Over the past few years, Dominion Energy has undergone significant strategic transformation focused on becoming a pure-play regulated utility. The company completed a comprehensive business review that resulted in the sale of its gas transmission and storage assets to Enbridge for approximately $9 billion, allowing management to focus entirely on regulated electric and gas distribution operations. The most significant development has been the Coastal Virginia Offshore Wind (CVOW) project, a $10.7 billion investment representing one of the largest offshore wind developments in the United States. The project is approximately 55% complete and scheduled to deliver first electricity in early 2026. The company has successfully installed over 80% of monopiles and completed the first offshore substation, demonstrating strong execution capabilities. Data center growth has emerged as a transformative business driver, with contracted capacity expanding from 16 gigawatts to 40 gigawatts in just over a year. This growth has necessitated massive transmission infrastructure investments, with the company awarded over 150 transmission projects totaling $2.5 billion. The company has also proposed new rate structures specifically for high-energy users to ensure fair cost allocation. Recent strategic initiatives include exploring Small Modular Reactor (SMR) technology through partnerships with Amazon and other potential customers, positioning the company for next-generation nuclear power deployment around 2034. The company has also expanded its renewable energy footprint through additional offshore wind lease acquisitions and continues to invest in grid modernization and reliability improvements across its service territories.
D company profile · for informational purposes only — not investment advice.
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