10-Q · May 1, 2025
Dominion Energy reported a stronger operating quarter with revenue of $4,076 million (up $444 million, +12.2% vs Q1 2024) and income from operations of $1,223 million (operating margin 30.0%). Reported diluted EPS from…
Earnings analysis · 10-Q
D earnings analysis
Filed May 1, 2026 · Our reading of the company's report
The latest report
Dominion Energy's Q1 2026 results showed a notable 23% increase in operating revenue to $5.02 billion compared to $4.08 billion in Q1 2025, driven largely by higher fuel-related revenue and non-fuel rider cost…
Read full summary
Dominion Energy's Q1 2026 results showed a notable 23% increase in operating revenue to $5.02 billion compared to $4.08 billion in Q1 2025, driven largely by higher fuel-related revenue and non-fuel rider cost recoveries. However, diluted EPS decreased to $0.69 from $0.77 in the prior year due to increased interest expenses and other charges, leading to a bearish sentiment on the overall performance despite revenue growth.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.69
- Segment
- Dominion Energy Virginia
- Segment
- Dominion Energy South Carolina
- Segment
- Contracted Energy
- Segment
- Corporate and Other
What stood out
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Revenue Growth
Operating revenue increased by 23% to $5.02 billion compared to $4.08 billion in Q1 2025.
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Segment Revenue Boost
Virginia Power's operating revenue surged 34% to $3.70 billion year-over-year.
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Improved Regulatory Returns
Higher rider equity returns reflecting capital investments contributed positively to revenue.
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Cost Reduction in Impairments
Impairment of assets and other charges decreased by $81 million compared to the previous year.
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EPS Stability
Although EPS decreased to $0.69 from $0.77, it indicates stability in earnings performance.
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Liquidity from Operations
Operating cash flows of $1.18 billion, providing liquidity for capital needs despite negative FCF.
What to watch
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Increased Debt Costs
Interest expenses rose by 17% primarily due to increased long-term debt by $96 million.
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Decreased EPS Impact
Diluted EPS fell to $0.69 from $0.77, primarily due to higher costs and impairments.
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Weather-Related Revenue Risks
A $57 million revenue loss attributed to adverse weather affecting Virginia Power's operations.
Management's outlook
Outlook consistent with previous 10-K, no new numerical guidance provided.
Earlier filings 4
10-K · February 27, 2025
Dominion Energy reported full-year 2024 operating revenue of $14,459 million (up from $14,393 million in 2023) and diluted EPS of $2.44 (up from $2.33 in 2023). The company continues large-scale capital programs—most…
10-Q · November 8, 2023
Dominion reported Q3 2023 operating revenue of $3,810 million, down from $3,963 million in Q3 2022, while income from operations rose to $1,035 million from $995 million. Net income attributable to Dominion fell to $163…
10-K · February 21, 2023
Dominion Energy reported revenue of $17.174B in 2022 (up from $13.964B in 2021) while EPS fell to $1.09 in 2022 from $3.98 in 2021 as the company recorded $2.063B of impairment and other charges and $888M of investment…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.