Dominion Energy tops Q3 profit estimates, reaffirms 2026 outlook

Dominion Energy (D) reported third-quarter operating earnings of $1.28 per share, topping the $1.24 consensus estimate compiled by Finnhub. The company said in a press release issued Oct. 30 that its results beat the prior-year period.

Shares rose 1.4% in regular trading as of 9:41 a.m. ET, from a regular-session close of $65.12.

Reported net income for the quarter was $1.2 billion, or $1.30 per share, the company said.

Here's how the company did:

• Operating EPS: $1.28 vs. $1.06 a year earlier and $1.24 expected, according to Finnhub
• Reported EPS: $1.30 vs. $1.16 a year earlier
• Operating earnings: $1.1 billion vs. $921 million a year earlier
• Revenue: $5.62 billion vs. $4.53 billion a year earlier and $5 billion expected, according to Finnhub

Revenue rose from $4.53 billion a year earlier, the press release shows.

2026 guidance

The company expects to be in the top half of its 2026 operating earnings guidance range of $3.45 to $3.69 per share.

It reaffirmed its existing operating earnings, credit, dividend and long-term growth guidance. The operating earnings range is the same one it gave on July 31.

Segment results

Dominion Energy Virginia produced operating earnings of $862 million, or 98 cents per share, up from $679 million, or 79 cents, a year earlier.

Dominion Energy South Carolina earned $230 million, or 26 cents per share, compared with $168 million, or 20 cents, in the prior-year quarter.

Contracted Energy earned $134 million, or 15 cents per share, down from $165 million a year earlier.

Corporate and Other posted a loss of $87 million, compared with a loss of $91 million a year earlier.

Charges and nine-month results

For the nine months ended Sept. 30, reported results included an $820 million charge tied to nonregulated renewable natural gas facilities, the company said. Operating earnings for the same period were $3.02 per share, against $2.74 a year earlier.

The quarter also carried $26 million of merger related costs tied to the proposed merger with NextEra Energy.

The company will discuss the results on its earnings call at 11 a.m. ET on Oct. 30.