Dominion Energy (D)
NYSE:D
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Earnings Data
Report Date
Jul 31, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.83Last Year’s EPS
0.75Same Quarter Last Year
Based on 15 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial picture: strong Q1 adjusted earnings, reaffirmed guidance, robust balance sheet metrics (FFO-to-debt >15%), accelerating data center demand, and major execution progress on the CVOW project (first power, >75% complete, fabrication and installation cadence improving). Key risks are acknowledged and limited in scope today — notably potential steel/aluminum tariff impacts (~$200M estimate), transmission allocation uncertainties, modest remaining contingency ($123M) versus potential cost exposures, schedule risk if turbine installation extends beyond July 2027 (estimated $150–$200M per quarter), and regulatory/rate-case timing in SC, NC and the open outcome for Millstone recontracting. Overall, the highlights materially outweigh the lowlights, with management signaling confidence in execution, capital plan discipline, and supportive regulatory/policy tailwinds (e.g., VA storage legislation).Company Guidance
Strong First Quarter Earnings
Operating earnings of $0.95 per share in Q1 2026 versus GAAP earnings of $0.69 per share, indicating solid adjusted performance and management reaffirmed prior guidance.
Affirmed Growth Guidance and Strategic Outlook
Company reaffirmed full-year guidance (operating earnings, credit, dividend, long-term growth) and continues to guide annual earnings growth in a 5%–7% range with a bias toward the upper half starting in 2028.
Coastal Virginia Offshore Wind (CVOW) Major Milestones
Project is >75% complete with first power delivered in March; all 176 transition pieces installed; all three substations installed; deepwater export cables installed; majority of remaining cabling fabricated and landed in Virginia.
Turbine Fabrication and Installation Progress
Turbine fabrication progress: ~86% of towers, ~69% of nacelles, ~45% of blades fabricated. Nine turbines completed to date and recent installation cadence averaged ~2 days per turbine for the last four turbines, supporting on-schedule in‑service timing (majority in 2026, remainder early 2027).
CVOW Project Budget and Cost Discipline
Updated project budget of $11.4 billion (≈$100 million lower than prior update) with unused contingency of $123 million; management reports cost- and risk-sharing structures that maintain levelized cost and customer bill impacts as expected.
Material Customer Benefit from CVOW
Updated analysis projects approximately $5 billion of fuel savings for customers during the project's first ten years of operations.
Robust Data Center Pipeline
Over 50 gigawatts of data center capacity in various stages of contracting, including ~10.4 GW contracted under electrical service agreements, with demand described as accelerating and durable.
Balance Sheet and Credit Strength
Full-year 2025 and Q1 LTM FFO-to-debt metrics are both above 15%; year-to-date issuance of approximately $1.2 billion of common equity under the ATM with $400–600 million remaining for the year; financing plan designed to maintain credit targets.
State Policy Boost for Energy Storage
Virginia legislation (HB 895 & SB 448) requires petition for 20 GW of short- and long-term storage by 2045 (up from 3 GW by 2035). Five-year capital plan already includes about $2 billion (~3%) for battery storage; management estimates $2.5–$3.0 billion overnight cost per GW (including transmission/network upgrades).
Operational Safety and Digital Initiatives
Employee OSHA recordable rate of 0.42 in Q1 (well below industry average). Company deploying AI and other digital tools (e.g., contact center AI) to improve customer service and operational efficiency.
D Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
D Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 01, 2026 | $64.50 | $63.94 | -0.87% |
Feb 23, 2026 | $65.27 | $63.55 | -2.62% |
Oct 31, 2025 | $58.23 | $57.42 | -1.39% |
Aug 01, 2025 | $56.54 | $58.44 | +3.35% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Dominion Energy (D) report earnings?
Dominion Energy (D) is schdueled to report earning on Jul 31, 2026, Before Open (Confirmed).
What is Dominion Energy (D) earnings time?
Dominion Energy (D) earnings time is at Jul 31, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is D EPS forecast?
D EPS forecast for the fiscal quarter 2026 (Q2) is 0.83.