Dominion Energy Posts $1.2B Third-Quarter Net Income
D sits 18% above its 52-week low of $55.854.
Summary
Dominion reported $1.2 billion of third-quarter net income, a sharp swing from the prior quarter, when an $820 million impairment on nonregulated renewable natural gas facilities drove a 55% year-over-year drop in Q2 net income. Third-quarter EPS was $1.30 and adjusted EPS was $1.28, on revenue of $5.62 billion. The company sees top-half FY26 results and reaffirmed its operating earnings, credit, dividend and long-term growth guidance. The bigger story remains the pending $67 billion all-stock merger with NextEra Energy, which shareholders approved September 3rd and which faces Virginia regulatory hearings that began in November.
At the time of this announcement, D was trading at $65.72 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $57.3B. The 52-week trading range was $55.85 to $72.99. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.