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DOMINION ENERGY, INCD

Sector
Energy
Industry
Electric Services
Exchange
NYSE

Stock Price $D

Latest filings

You are here#6 of 21 in Utilities by market cap

Filing record · 2016–202610-K1110-Q328-K223

D filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 223 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jan ’17Jan ’17
  2. Material agreement8-K · Mar ’19Mar ’19
  3. Material agreement8-K · Jul ’21Jul ’21
  4. Leadership change8-K · Jul ’25Jul ’25

01—Key figures

Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025
Source: 10-KFY2025

Revenue Trend

Year-over-year comparison from 10-K annual reports

  19. $16.51B
YoY changeLargest recent move+28.6%in FY19Latest +14.2%

Latest bar from 10-KFY2025Click a bar to open its SEC filing

View full history →
All D Financial Metrics56 metrics

Income Statement11

Balance Sheet25

Cash Flow15

Per Share5

02—Overview

DOMINION ENERGY, INC Financial Overview 2021–2025

Updated Jul 10, 2026

Dominion Energy's $65 billiona capital expenditure plan for 2026 through 2030 underscores a radical transformation into a pure-play, clean-energy utility—a shift that culminated in a May 2026 agreement to be acquired by NextEra Energy. Over the past five years, the company divested non-core gas operations, including the $2.0 billion sale of PSNC in Q3 2024, to ensure 90% of expected earnings stem from state-regulated monopolies. This narrowing focus funded a decarbonization push anchored by the $11.5 billion Coastal Virginia Offshore Wind (CVOW) project.

This multi-year restructuring generated significant volatility as the company shed assets and absorbed impairment charges. Consequently, reported diluted earnings per share contracted from $4.12 in FY2021 to $3.45b in FY2025. Despite this overarching contraction, core operations strengthened considerably at the end of the period. Total net income surged 47% year-over-year to $2,998 million in FY2025, driven by higher rider equity returns in Virginia and favorable rate case settlements. Investors ultimately rewarded this clearer, more predictable operational profile; at the close of FY2025, the market valued Dominion Energy at 17.0x earnings, with the stock trading at $58.59 per share.

Recent Developments (Q4 2025 and Q1 2026)

Operating revenue jumped 23% year-over-year to $5.019 billionc in Q1 2026, propelled by higher fuel-related recoveries. Despite this top-line surge, net income fell 7% to $621 million, dropping diluted EPS to $0.69. This profitability squeeze stemmed from rising interest charges and a $78 million impairment on non-regulated solar facilities. Meanwhile, a temporary federal work suspension pushed the offshore wind project's completion target to early 2027. To fortify liquidity, the company extended its core credit maturity to April 2031 and priced $1.5 billion in junior subordinated notes in June 2026.

Bulls highlight strong revenue momentum from rider recoveries as a buffer against ongoing capital demands. Conversely, bears warn that escalating debt costs and strict interim operating restrictions ahead of the pending acquisition could strain near-term cash flows. Trading at 26.2x earnings as of the May 1, 2026 reporting date, shares appear richly valued given the latest bottom-line contraction.

What to watch: state and federal agency approvals for the pending merger; offshore wind construction progress toward the early 2027 timeline.

03—Filings

Recent SEC Filings

  1. 8-KDOMINION ENERGY, INC 8-K Report, Regulation FD Disclosure (Sep 14, 2026)On September 14, 2026, Dominion Energy (NYSE: D) furnished an 8-K under Item 7.01 (Regulation FD) disclosing an enhanced Virginia benefits package tied to its previously announced combination with NextEra Energy (NYSE: NEE). The package is designed to address feedback from Virginia policymakers and stakeholders and is contingent on approval and closing of the combination. Key customer commitments include doubling the $10 monthly residential bill credit from two years to four years (partly by redirecting credits that would otherwise go to data centers), a $100 million increase in the EnergyShare low-income assistance program through 2038, and continued hold-harmless protection from all merger costs. Economic commitments include 1,000 new direct jobs (600 NextEra and 400 supplier jobs), maintaining Virginia headcount for five years, a shareholder-funded co-headquarters tower in Richmond, a $100 million workforce development fund, and a Virginia Supplier Program of up to $1 billion annually for five years. For investors, the filing is primarily a regulatory-positioning document rather than a change in financial guidance. The companies did not disclose quantified financial impacts on earnings, synergies, or capital expenditures in this filing, and the shareholder-funded nature of several commitments (the tower, EnergyShare expansion, workforce fund, and increased charitable giving) implies potential cost absorbed by shareholders, though amounts beyond the stated figures are not quantified. The package also reaffirms the existing $1.78 billion in bill credits over two years and the separate regulatory structure of Dominion Energy Virginia, including its SCC oversight and biennial base rate reviews. The transaction remains subject to Virginia SCC and other regulatory approvals, the Hart-Scott-Rodino waiting period, and customary closing conditions. The companies continue to expect closing in the second half of 2027. The commitments will be governed by the terms ultimately approved by regulators, so investors should view them as subject to change during the review process.
  2. 8-KDOMINION ENERGY, INC 8-K Report, Shareholder Vote Results (Sep 3, 2026)Dominion Energy, Inc. (D) has filed an 8-K detailing the results of its special shareholder meeting held on September 3, 2026. The primary focus of this meeting was the proposed merger with NextEra Energy, Inc. Shareholders overwhelmingly approved the merger agreement and the associated plan of merger, indicating strong support for this significant transaction. This approval is a critical step forward in the process of Dominion Energy combining with NextEra Energy. In addition to the merger itself, shareholders also approved, on an advisory basis, the compensation related to named executive officers in connection with the merger. The proposal to adjourn the meeting for additional proxy solicitation was also approved, though ultimately not needed as sufficient votes were present for the merger. The absence of broker non-votes on any proposal suggests a high level of direct shareholder engagement on these important matters.
  3. 8-KDOMINION ENERGY, INC 8-K Report, Corporate Update (Aug 25, 2026)Dominion Energy, Inc. (D) has filed a Current Report on Form 8-K to provide supplemental disclosures related to its previously announced merger agreement with NextEra Energy, Inc. (NextEra Energy). This filing addresses ongoing litigation and demand letters from shareholders alleging disclosure deficiencies in the definitive proxy statement. While Dominion Energy believes these allegations are without merit, it is voluntarily providing additional information to avoid potential delays and minimize expenses associated with the litigation. The supplemental disclosures primarily update the financial analyses performed by NextEra Energy's financial advisors, Lazard Frères & Co. LLC and BofA Securities, Inc., as well as Dominion Energy's own financial advisors, Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC. These updates provide more granular details on valuation methodologies, comparable company analyses, precedent transactions, and discounted cash flow analyses for various business segments of both Dominion Energy and NextEra Energy. Investors should note that this 8-K filing does not change the core terms of the merger agreement but serves to provide further context and transparency regarding the transaction. The company reiterates its belief that the allegations in the shareholder actions are without merit and denies any wrongdoing. The special meeting of Dominion Energy shareholders to vote on the merger agreement is scheduled for September 3, 2026. The company cautions that additional similar demand letters or complaints may be received or filed.
  4. 8-KDOMINION ENERGY, INC 8-K Report, Financial Results (Jul 31, 2026)Dominion Energy reported preliminary unaudited second-quarter 2026 results with GAAP net income of $340 million ($0.37 per diluted share), down from $760 million ($0.88) a year earlier. Operating earnings (non-GAAP), the company's primary performance measure, rose to $712 million ($0.79 per share) from $649 million ($0.75), a 5% increase. The gap between the two measures reflects a $372 million after-tax adjustment, driven mainly by $626 million of pre-tax nonregulated asset impairments and other charges, a $153 million pre-tax charge for regulated asset retirements and other items tied largely to Virginia Power's share of CVOW costs not expected to be recovered from customers, and a $69 million mark-to-market loss on economic hedges. These were partly offset by a $495 million pre-tax gain on nuclear decommissioning trust funds. Revenue rose 18% to $4.48 billion, and operating expenses increased sharply, with other operations and maintenance roughly doubling to $1.88 billion, largely because of the impairments. Dominion Energy Virginia was the main driver of operating earnings growth, contributing $670 million versus $549 million, helped by 2025 Biennial Review impacts and rider equity returns. Dominion Energy South Carolina was roughly flat, and Contracted Energy declined. Corporate and Other losses widened to $94 million, largely from higher interest expense. Management reaffirmed full-year 2026 operating earnings guidance of $3.45 to $3.69 per share (midpoint $3.57) and all other financial guidance from the fourth-quarter 2025 call. Six-month operating EPS of $1.75 is consistent with that range. The filing also references a pending merger with NextEra Energy, which the forward-looking statements identify as a source of uncertainty, but the 8-K does not describe its terms or timing.
  5. 8-KDOMINION ENERGY, INC 8-K Report, Corporate Update (Jun 16, 2026)Dominion Energy, Inc. (D) has announced the successful underwriting of $1.5 billion in aggregate principal amount of Junior Subordinated Notes due 2056. This offering is split into two tranches: $1.0 billion of 2026 Series A Junior Subordinated Notes and $500 million of 2026 Series B Junior Subordinated Notes. These notes were registered under a previously effective Form S-3 registration statement and will be issued under specific supplemental indentures to the Company's existing Junior Subordinated Indenture II. The issuance of these junior subordinated notes represents a significant capital raise for Dominion Energy. Investors should note that these are junior subordinated notes, meaning they rank lower in priority of payment than senior debt, which carries higher risk but typically offers a higher yield. The proceeds from this offering are expected to be used for general corporate purposes, which may include funding capital expenditures and refinancing existing debt.
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04—See also

Related Companies

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