Dominion Energy Q2 EPS Beats by 16%, Revenue Tops Estimates on Virginia Growth
D sits 25% above its 52-week low of $55.854.
Summary
Dominion Energy reported Q2 operating EPS of $0.79, beating the $0.68 consensus by 16%, while revenue of $4.48B exceeded estimates by $440M. Growth was driven by the Virginia segment, benefiting from the 2025 Biennial Review, higher rider equity returns, and increased customer usage. The company reaffirmed its full-year 2026 operating earnings guidance of $3.45-$3.69 per share. This follows a period of significant corporate activity, including the pending $66.8B NextEra Energy acquisition and recent grid disruption in northern Virginia. The beat and reaffirmation provide near-term clarity amid merger uncertainty.
Updates
· Wiseek News — Q2 GAAP net income was $340 million, or $0.37 per share, including a previously disclosed $820 million impairment charge.
· Reuters — Contracted data center capacity in Virginia reached 53.8 GW as of July, up 5.3 GW from December.
At the time of this announcement, D was trading at $69.73 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $61.3B. 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 8 out of 10. Source: Reuters.