Dominion Q3 Net Income Rises 15% to $1.16B; YTD Profit Down 13% on $820M RNG Impairment
D sits 19% above its 52-week low of $55.854 on light trading volume (0.2× avg).
Summary
Dominion earned $1,160 million ($1.30 per diluted share) in Q3 2026, up 15% from a year ago, but year-to-date net income fell 13% to $2,121 million as impairment charges reached $878 million, including an $820 million write-down on nonregulated renewable natural gas facilities.
Key Events · Earnings and Guidance · D
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Q3 Net Income Up 15%
Net income attributable to Dominion Energy was $1,160 million, or $1.30 diluted EPS, versus $1,006 million and $1.16 in Q3 2025, helped by higher rider equity returns and the 2025 Biennial Review.
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Year-to-Date Profit Down 13%
Nine-month net income fell to $2,121 million ($2.37 diluted EPS) from $2,431 million ($2.81), as impairment of assets and other charges rose to $878 million from $226 million.
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$820M Renewable Natural Gas Impairment
Dominion recorded an $820 million ($640 million after-tax) charge to write nonregulated renewable natural gas facilities down to an estimated $468 million fair value, reflecting an expectation the assets will be sold before end of useful life.
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Virginia Power Q3 Earnings Up 32%
Virginia Power net income rose to $880 million from $668 million, with no CVOW cost-recovery charge this quarter versus $128 million a year ago.
Analysis · D · Energy & Transportation
Higher rider equity returns on Virginia Power capital spending and the 2025 Biennial Review rate outcome drove third-quarter net income attributable to Dominion up 15% to $1,160 million ($1.30 diluted EPS) from $1,006 million ($1.16) a year ago. The year-to-date picture is weaker: net income fell 13% to $2,121 million ($2.37) from $2,431 million ($2.81), because impairment of assets and other charges jumped to $878 million from $226 million, led by an $820 million charge on nonregulated renewable natural gas facilities. That charge is a write-down of assets to fair value, not a cash outflow, but it is a real hit to book earnings and confirms the Contracted Energy segment is being marked down ahead of the pending NextEra merger. The quarter itself was clean, with no CVOW cost-recovery charge versus $128 million a year ago.
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At the time of this filing, D was trading at $66.41 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $58.4B. The 52-week trading range was $55.85 to $72.99. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.