Dominion Energy, Inc. (D) Earnings Call Transcripts

Dominion Energy, Inc.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Dominion Energy reported operating earnings of $0.95 per share, exceeding expectations, while GAAP earnings were $0.69 per share. The company reaffirmed its annual earnings growth guidance of 5% to 7%, with a bias towards the upper half starting in 2028. Notably, Dominion highlighted significant progress on the Coastal Virginia Offshore Wind Project and new legislation in Virginia that could enhance its regulated capital deployment opportunities, which may positively impact future growth prospects.

Reported metrics

Guidance from management

Dominion reaffirmed its annual earnings growth guidance of 5% to 7%, with a bias towards the upper half starting in 2028. They indicated confidence in their financial management and ability to execute on growth opportunities.

What management said

Yes, Paul, we probably don't have great guidance on how to model exactly what that cadence will look like. we'll take steps to start accelerating that spend, which we recover via rider mechanism in Virginia as quickly as we possibly can. So I think there'll be some upward bias in our 5-year capital plan associated with that. And then you'll likely see in the 30s, you'll start seeing a higher run rate associated with ...

Yes. The answer to the second question is yes. We'd be willing to contract more than 55%. Other states don't have a formal process in place the way Connecticut does but we've certainly been talking to them. And I think they've expressed interest.

What analysts pressed on

Analysts expressed concerns regarding the potential impact of PJM transmission upgrade costs on the CVOW project and the uncertainties surrounding the 232 steel tariffs. There were also inquiries about the pace of data center load development amidst broader regulatory uncertainties.

Main topics on the call

• Coastal Virginia Offshore Wind Project Progress — The project is over 75% complete, with significant milestones achieved, including the delivery of power to customers. Management stated, "We expect the majority of turbines to be placed in service by the end of 2026 and ...
• Battery Storage Legislation Impact — New legislation in Virginia mandates an increase in battery storage targets from 3 gigawatts to 20 gigawatts by 2045, providing a substantial growth opportunity. Management noted, "This gives us an opportunity to potenti...
• Financial Guidance Affirmation — Dominion reaffirmed its financial guidance from the previous quarter, maintaining a long-term earnings growth outlook of 5% to 7%. Management expressed confidence in their financial management and business fundamentals.
• Data Center Capacity Expansion — The company has over 50 gigawatts of data center capacity in various stages of contracting, indicating strong demand. Management highlighted that "large load provisions ensure those customers will fund the infrastructure...

Read the full Dominion Energy, Inc. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 29 Dominion Energy, Inc. earnings call transcripts on record, spanning February 11, 2020 to May 1, 2026. Based on this history, Dominion Energy, Inc. reports quarterly. The most recent call on file is dated May 1, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

D

Exchange

NYSE

Country

US

Sector

Utilities

Industry

Multi-Utilities

Calls on record

29

First call

February 11, 2020

Most recent

May 1, 2026

Reporting cadence

quarterly