On Monday, Dominion Energy Inc. (NYSE:D) reported fourth-quarter 2025 results that topped Wall Street expectations on both earnings and revenue.
Earnings Snapshot
The company posted operating earnings, a non-GAAP measure, of 68 cents per share, exceeding the consensus estimate of 67 cents and up from 58 cents per share in the year-earlier quarter.
Total operating revenue rose to $4.093 billion, surpassing the analyst estimate of $3.653 billion and increasing 20.38% from a year earlier.
By segment, Dominion Energy Virginia posted operating earnings of $536 million, up from $440 million a year earlier.
Dominion Energy South Carolina generated $106 million in operating earnings, compared with $102 million in the prior-year quarter.
The Contracted Energy segment delivered a sharper increase, with operating earnings rising to $117 million from $54 million a year ago.
As of December 2025, Dominion had secured nearly 48.5 gigawatts of contracted data center capacity, with major customers including Alphabet Inc. (NASDAQ:GOOGL), Amazon.com Inc. (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT), and Meta Platforms Inc. (NASDAQ:META).
Outlook
Dominion Energy said it expects 2026 operating earnings of $3.45 to $3.69 per share, compared with the analyst estimate of $3.60 per share. The outlook includes 7 cents per share of RNG 45Z income.
The company extended its long-term operating earnings per share growth guidance of 5% to 7% through 2030, based on a $3.30 per share base, defined as the 2025 operating earnings per share midpoint excluding RNG 45Z income. It maintained its existing credit and dividend guidance.
The utility raised its five-year capital plan for 2026–2030 to $64.7 billion, up from the prior $50.1 billion target, an increase of roughly 30% (about $15 billion), underscoring an accelerated growth strategy aimed at delivering reliable, affordable, and increasingly clean energy to customers every day.
On the earnings call, Dominion Energy Chair, President, and CEO Bob Blue said the company sees a unique advantage in serving data center customers. He noted that its projected demand growth is high quality because capital investment plans are supported by more than a decade of meter-level historical data, long-standing relationships with some of the world's largest and most sophisticated technology companies, and validation from over 20 gigawatts of signed ESAs and CLOAs.
D Price Action: Dominion Energy shares were down 2.24% at $64.48 at the time of publication on Monday, according to Benzinga Pro data.
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