D SEC Filings
DOMINION ENERGY, INC - 570 total filings
DOMINION 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.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Jun 5, 2026)
Dominion Energy, Inc. (D) has announced the issuance of $825 million in 5.35% Senior Notes due 2036. This offering, facilitated by an underwriting agreement with several prominent financial institutions, marks a significant debt financing event for the company. The notes were registered under a shelf registration statement filed in October 2025, indicating that this issuance was anticipated as part of Dominion Energy's ongoing capital management strategy. Investors should note that this issuance increases the company's outstanding debt. The specific use of proceeds is not detailed in this 8-K filing, but such debt issuances are typically used to fund capital expenditures, refinance existing debt, or for general corporate purposes. The 5.35% coupon rate provides a clear indication of the cost of this new debt, which will impact the company's future interest expense and profitability. Investors should review the full terms of the underwriting agreement and supplemental indenture for further details.
DOMINION ENERGY, INC 8-K Report, Corporate Update (May 22, 2026)
This 8-K filing from Dominion Energy, Inc. (D) provides an update on its previously announced merger agreement with NextEra Energy, Inc. The report reiterates that the merger is subject to numerous closing conditions, including shareholder approvals from both companies, expiration of antitrust waiting periods, and crucial regulatory consents from various federal and state bodies. Importantly, these approvals may come with "burdensome conditions" that could materially impact the combined company or even prevent the merger from closing. Dominion Energy is also highlighting the significant risks associated with the potential failure to complete the merger, including negative market reactions, reputational harm, employee retention issues, substantial transaction costs, and potential litigation. The filing also emphasizes that Dominion Energy is restricted from pursuing alternative acquisition proposals and is limited in its ability to conduct business outside the ordinary course during the pendency of the merger. This "no-shop" provision and business restrictions could discourage competing offers and limit strategic flexibility. Furthermore, the ongoing uncertainty surrounding the merger could disrupt business relationships, affect regulatory interactions, and impact employee morale. If completed, there is no guarantee the merger will achieve its anticipated benefits due to integration challenges and potential regulatory impositions.
DOMINION ENERGY, INC 8-K Report, Material Agreement (May 18, 2026)
Dominion Energy, Inc. (D) has entered into a definitive agreement to be acquired by NextEra Energy, Inc. in a two-step merger transaction. This significant development, announced on May 18, 2026, represents a transformative event for Dominion Energy shareholders, who will receive a combination of cash and NextEra Energy common stock for their shares. The transaction is subject to customary closing conditions, including shareholder approvals from both companies, regulatory clearances, and the absence of any material adverse effects. Key terms of the merger include the appointment of a Dominion Energy executive to NextEra Energy's board, the maintenance of Dominion Energy's current headquarters, and specific provisions for the conversion of equity awards. The deal is expected to be a complex regulatory process, with extensive conditions for closing. Investors should closely monitor the regulatory approval process and any potential impacts on the transaction's timeline and terms.
DOMINION ENERGY, INC 8-K Report, Shareholder Vote Results (May 7, 2026)
Dominion Energy, Inc. (D) filed an 8-K on May 7, 2026, detailing the results of its 2026 Annual Meeting of Security Holders held on May 5, 2026. The primary focus of this filing is the outcome of various shareholder votes. Importantly, all 11 director nominees were overwhelmingly elected to the Board of Directors, indicating strong shareholder confidence in the current leadership and governance structure. Additionally, shareholders approved, on an advisory basis, the executive compensation package, commonly referred to as "Say on Pay," demonstrating support for the company's compensation policies. The meeting also saw the ratification of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026, a standard but crucial vote of confidence in the company's financial oversight. However, several shareholder proposals, including those requesting an independent board chair, a report on ESG and DEI metrics in executive compensation, and additional shareholder engagement channels, did not receive majority support and were therefore not approved. This suggests a preference by a significant portion of the shareholders for the current operational and governance approaches over the proposed changes.
DOMINION ENERGY, INC 8-K Report, Financial Results (May 1, 2026)
Dominion Energy, Inc. (D) has filed an 8-K report on May 1, 2026, to disclose preliminary unaudited financial results for the first quarter ended March 31, 2026. The report primarily serves to furnish the company's earnings press release, which contains the key financial performance indicators for the period. Investors should refer to the accompanying press release and earnings tables, furnished as Exhibit 99, for detailed insights into the company's operational and financial condition during the first three months of 2026. This filing does not contain significant new operational updates or strategic announcements beyond the preliminary financial data. The focus for investors will be on the specific figures released, such as revenue, earnings per share, and any commentary provided by management on the company's performance and outlook. The lack of extensive detail in the 8-K itself underscores the importance of reviewing the furnished press release for a comprehensive understanding of Dominion Energy's quarterly performance.
DOMINION ENERGY, INC Quarterly Report for Q1 Ended Mar 31, 2026
Dominion Energy (D) reported a decrease in net income attributable to the company to $621 million for the first quarter of 2026, down from $665 million in the same period of 2025. This decline was primarily driven by increased interest expenses on long-term debt and unrealized losses on economic hedging activities, alongside an impairment charge related to non-regulated solar generation facilities. However, these impacts were partially offset by higher rider equity returns, reflecting capital investments at Virginia Power, and the benefits from Virginia Power's 2025 Biennial Review. Operating revenue saw a significant increase of 23% year-over-year, largely due to higher fuel-related revenue and increased recovery of costs associated with Virginia Power's non-fuel riders and the 2025 Biennial Review. The company continues to advance its major projects, notably the CVOW Commercial Project, with significant onshore and offshore construction activities progressing. The estimated total project cost for CVOW is approximately $11.4 billion, with the majority of turbines expected to be in service by the end of 2026. Management anticipates issuing between $6.0 billion and $9.5 billion in long-term debt during 2026 to fund capital expenditures and maturing debt.
DOMINION ENERGY, INC 8-K Report, Material Agreement (Apr 8, 2026)
Dominion Energy, Inc. (D) has announced a significant update to its credit facilities through an 8-K filing on April 8, 2026. The company has amended its Sustainability Revolving Credit Agreement, originally dated June 9, 2021, extending the maturity date to April 7, 2029. Importantly, the amendment allows for the possibility of two additional one-year extensions, providing further flexibility and longer-term access to these funds subject to certain conditions. In addition to the sustainability-focused credit line, Dominion Energy, along with its subsidiaries Virginia Electric and Power Company and Dominion Energy South Carolina, Inc., has successfully secured an extension for their Core Revolving Credit Agreement. This agreement, originally amended and restated on April 8, 2025, will now mature on April 8, 2031, following lender consent. These credit facility extensions are crucial for maintaining the company's liquidity and financial flexibility to support its ongoing operations and strategic initiatives.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2025
Dominion Energy, Inc. (D) reported strong financial performance for the fiscal year ending December 31, 2025, with net income attributable to Dominion Energy increasing by 47% to $2,998 million, or $3.45 per diluted share. This growth was driven by several factors including higher market-related impacts on pension and other postretirement plans, increased rider equity returns reflecting significant capital investments at Virginia Power, and favorable rate case settlements in South Carolina. The company continued its strategic focus on expanding and improving its regulated electric utilities and long-term contracted businesses while transitioning to cleaner energy. Key investments are being made in zero-carbon and renewable generation, grid transformation, and transmission and distribution resiliency, supported by an approximately $65 billion capital expenditure plan for 2026 through 2030. The significant progress on the CVOW Commercial Project, despite some cost impacts from tariffs and network upgrades, remains a cornerstone of their clean energy strategy. Divestitures of gas distribution operations were completed in 2024, aligning the company with its core regulated electric utility and long-term contracted businesses.
DOMINION ENERGY, INC 8-K Report, Financial Results (Feb 23, 2026)
Dominion Energy, Inc. (D) has filed a Form 8-K on February 23, 2026, to report preliminary unaudited financial results for the fourth quarter and full fiscal year ended December 31, 2025. While the filing itself does not contain detailed financial figures, it indicates that a press release containing these preliminary earnings has been issued and is furnished as an exhibit. Investors should refer to this accompanying press release (Exhibit 99) for the specific financial performance details, including revenue, earnings per share, and any commentary on operational performance for the period.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Feb 3, 2026)
Dominion Energy, Inc. (D) has filed a Current Report on Form 8-K detailing the approval of its 2026 Annual Incentive Plan (AIP) by the Compensation and Talent Development Committee. This plan outlines a performance-based cash award program for the company's officers, with target incentives tied to a percentage of their base salary. The ultimate payout will hinge on the achievement of specific performance goals, to be set by the committee and drawn from the measures established in the 2024 Incentive Compensation Plan.
DOMINION ENERGY, INC 8-K Report, Regulation FD Disclosure (Jan 30, 2026)
Dominion Energy, Inc. (D) has filed an 8-K report on January 30, 2026, to disclose important updates regarding its Coastal Virginia Offshore Wind (CVOW) project. The filing includes a presentation offering further details on project progress and potential impacts. Investors should note that the company is providing these updates via its investor relations website, with the information not considered formally "filed" under Section 18 of the Exchange Act unless specifically incorporated into other filings. The primary driver for the update appears to be the impact of a temporary work suspension ordered by the U.S. Department of the Interior's Bureau of Ocean Energy Management in December 2025, followed by a preliminary injunction in January 2026. This, along with additional estimated costs related to tariffs, has led to an upward revision in the project's total cost and a slight delay in its completion timeline. These factors are critical for understanding the project's financial trajectory and the company's execution capabilities.
DOMINION ENERGY, INC 8-K Report, Regulation FD Disclosure (Jan 20, 2026)
Dominion Energy, Inc. (D) has filed an 8-K report detailing a significant development regarding its Coastal Virginia Offshore Wind (CVOW) project. A U.S. District Court has granted a preliminary injunction, allowing Virginia Electric and Power Company (Virginia Power) to resume work on the CVOW project. This injunction is in response to a December 22, 2025, Director's Order from the U.S. Department of Interior's Bureau of Ocean Energy Management (BOEM) that had suspended project work for 90 days. This development is crucial for investors as it allows for the continuation of the CVOW project, which is a key component of Dominion Energy's future growth strategy. While the legal challenge against the BOEM's order proceeds, the preliminary injunction provides immediate relief, enabling Dominion Energy to maintain momentum on this significant renewable energy initiative. The company's subsidiary, Virginia Power, holds a 50% stake in OSW Project LLC, the entity directly impacted by the BOEM order and now benefiting from the court's injunction.
DOMINION ENERGY, INC 8-K Report, Regulation FD Disclosure (Dec 23, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report disclosing a significant development concerning its Coastal Virginia Offshore Wind (CVOW) project. The U.S. Department of the Interior's Bureau of Ocean Energy Management (BOEM) has issued a Director's Order suspending all work on the project for 90 days, effective immediately as of December 22, 2025. This suspension impacts OSW Project LLC, in which Virginia Electric and Power Company, a Dominion Energy subsidiary, holds a 50% membership interest.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Oct 31, 2025)
Dominion Energy, Inc. (D) has announced an expansion of its at-the-market (ATM) equity program, significantly increasing the potential capital raise to $1.8 billion. This strategic move involves extending and entering into new sales agency agreements with a broad array of major financial institutions, including notable additions like CIBC World Markets, MUFG Securities Americas, and TD Securities. These agreements facilitate the potential sale of Dominion Energy common stock over time through various market mechanisms. The primary objective appears to be the generation of capital, likely to support ongoing operational needs, strategic investments, or debt management. The structure of the transactions involves forward sale agreements, which may result in Dominion Energy receiving proceeds upon future settlement. Investors should note the flexibility in settlement options (physical, cash, or net share) which could impact the ultimate cash proceeds or potential future obligations for the company. The company has also filed a registration statement on Form S-3 and a prospectus supplement, indicating preparedness for these equity issuances.
DOMINION ENERGY, INC Quarterly Report for Q3 Ended Sep 30, 2025
Dominion Energy, Inc. reported a strong third quarter and year-to-date performance for 2025, with net income attributable to Dominion Energy increasing by 8% in the third quarter to $1,006 million and by 28% year-to-date to $2,431 million. This growth was primarily driven by higher rider equity returns from capital investments in Virginia Power, increased net investment earnings on nuclear decommissioning trust funds, and favorable rate case settlements. The company also benefited from the absence of certain market-related impacts on pension plans and prior period charges. For the nine months ended September 30, 2025, Dominion Energy's operating revenue increased by 12% to $12,413 million. The company successfully managed operating expenses, although electric fuel and other energy-related purchases rose significantly due to higher commodity costs. Capital expenditures were substantial, reflecting ongoing investments in property, plant, and equipment, particularly in Virginia Power's regulated operations. The company also strengthened its liquidity position, with total cash, restricted cash, and equivalents reaching $1,066 million at the end of the period. Dominion Energy continues to navigate regulatory environments and manage its substantial project pipeline, including the significant offshore wind project.
DOMINION ENERGY, INC 8-K Report, Financial Results (Oct 31, 2025)
Dominion Energy, Inc. (D) filed a Form 8-K on October 31, 2025, to report preliminary unaudited earnings for the third quarter ended September 30, 2025. This filing serves to furnish the related press release and preliminary earnings tables as an exhibit. While specific financial figures are not detailed within the 8-K itself, the release of this information indicates the company's adherence to its financial reporting schedule and provides investors with early insight into the company's operational and financial performance for the most recently completed quarter.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Oct 1, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report detailing the underwriting agreement for the issuance of an additional $1.25 billion in junior subordinated notes. Specifically, the company is issuing $625 million of 2025 Series A Junior Subordinated Notes due 2056 and $625 million of 2025 Series B Junior Subordinated Notes due 2056. These new notes are fungible with previously issued notes of the same series from August 2025, effectively increasing the outstanding principal for each series to $1.45 billion and $1.325 billion, respectively. This move represents a significant capital raise for Dominion Energy, likely intended to fund its ongoing operations, capital expenditures, or refinance existing debt. Investors should note that these are junior subordinated notes, which carry a higher risk profile compared to senior debt but typically offer a higher yield. The company has utilized its effective S-3 registration statement to facilitate this issuance, indicating a planned and registered approach to capital markets activity.
DOMINION ENERGY, INC 8-K/A Report, Corporate Update (Aug 25, 2025)
Dominion Energy, Inc. (D) filed an 8-K/A (Amendment to Current Report) on August 25, 2025, primarily to update the description of its capital stock. This filing is significant for investors as it replaces and supersedes the previously filed description of Dominion Energy's capital stock found in Amendment No. 8 to Form 8-K dated December 17, 2024. The updated description is intended for incorporation by reference into future SEC filings, ensuring that regulatory disclosures accurately reflect the current structure and terms of the company's capital stock. While this filing does not introduce new financial performance data or material operational changes, it is crucial for maintaining the accuracy and completeness of the company's public disclosures concerning its equity structure.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Aug 6, 2025)
Dominion Energy, Inc. has announced a significant debt offering, raising a total of $1.525 billion through the sale of two series of junior subordinated notes. Specifically, the company issued $825 million of 2025 Series A Junior Subordinated Notes due 2056 and $700 million of 2025 Series B Junior Subordinated Notes due 2056. This offering, detailed in an underwriting agreement with prominent financial institutions, was conducted under a previously effective shelf registration statement. This capital raise is a crucial event for investors, as it impacts the company's leverage and financial structure. The issuance of junior subordinated debt suggests Dominion Energy is seeking to fund its operations, capital expenditures, or refinance existing debt. Investors should scrutinize the terms of these notes, including interest rates, maturity dates, and subordination provisions, to understand the associated risks and potential returns, as well as how this new debt aligns with the company's overall capital management strategy and credit profile.
DOMINION ENERGY, INC Quarterly Report for Q2 Ended Jun 30, 2025
Dominion Energy, Inc. reported a strong financial performance for the quarter ending June 30, 2025, with net income attributable to the company increasing by 35% to $760 million, or $0.88 per diluted share, compared to the prior year's second quarter. This growth was primarily driven by increased net investment earnings on nuclear decommissioning trust funds and higher rider equity returns at Virginia Power, reflecting significant capital investments. The year-to-date results also showed substantial improvement, with net income up 48% to $1.425 billion, or $1.65 per diluted share, benefiting from the absence of certain pension-related charges and positive contributions from tax credits. These positive trends were partially tempered by the ongoing impact of divestitures, as the company continues to refine its business portfolio. On the balance sheet, Dominion Energy maintained a solid financial position. Total assets grew to $107.4 billion at June 30, 2025, supported by ongoing investments in property, plant, and equipment. Total liabilities also increased, primarily due to higher long-term debt, reflecting the financing of capital expenditures. The company successfully amended and extended its joint revolving credit facility, increasing its capacity to $7.0 billion, enhancing its liquidity position. The company reiterated its 2025 outlook, signaling confidence in its operational performance and strategic initiatives. Investors should note the significant capital expenditures underway, particularly related to the CVOW Commercial Project, which continues to represent a substantial investment and potential source of future regulated growth, though subject to certain tariff impacts and regulatory approvals. The company's focus remains on executing its capital plan while managing operational and regulatory risks.
DOMINION ENERGY, INC 8-K Report, Financial Results (Aug 1, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report on August 1, 2025, to announce preliminary unaudited financial results for the second quarter ended June 30, 2025. The filing primarily consists of a press release furnished as Exhibit 99, which contains these preliminary earnings figures. Investors should review this press release for the most up-to-date operational and financial performance details for the period. While the 8-K itself does not provide specific financial numbers, it directs investors to the accompanying press release for critical information regarding the company's financial condition and results of operations during the second quarter. This includes any preliminary revenue, earnings per share, and other key performance indicators that Dominion Energy has chosen to disclose at this early stage. Investors are advised to consult the furnished Exhibit 99 for a comprehensive understanding of these preliminary results.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Jul 1, 2025)
Dominion Energy, Inc. has announced a significant leadership change within its finance department. Ms. Michele L. Cardiff, the current Senior Vice President, Controller, and Chief Accounting Officer, has informed the company of her intention to retire effective October 1, 2025. This marks the end of her tenure in a critical financial oversight role. Following Ms. Cardiff's retirement, the Board of Directors has elected Gary G. Ratliff, Jr. to assume the position of Vice President, Controller, and Chief Accounting Officer, also effective October 1, 2025. Mr. Ratliff, a seasoned executive within Dominion Energy with a strong background in accounting and a CPA certification, has been promoted from his recent role as Vice President – Accounting. His compensation will be adjusted to an annual base salary of $290,035 in his new capacity.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Jun 27, 2025)
Dominion Energy, Inc. (D) filed an 8-K on June 26, 2025, detailing two key corporate governance events. First, Mr. Paul M. Dabbar resigned from the Board of Directors effective June 25, 2025, following his confirmation as Deputy Secretary of Commerce. His departure was not attributed to any disagreements with the Company, indicating a smooth transition. Second, on June 26, 2025, Dominion Energy amended and restated its Bylaws. This update aims to provide greater clarity and a formalized process for the Board in designating successor officers should any existing officer position become vacant for any reason. These changes are primarily procedural and do not appear to signal immediate operational or financial shifts, but rather a strengthening of internal governance protocols.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Jun 25, 2025)
Dominion Energy, Inc. (D) announced a change to its Board of Directors with the election of Mr. Jeffrey J. Lyash as an independent director, effective June 25, 2025. Mr. Lyash brings extensive experience in the energy sector, having previously served as President and CEO of the Tennessee Valley Authority (TVA) and holding various senior leadership positions at other prominent energy companies, including Ontario Power Generation and Duke Energy. His background also includes service at the U.S. Nuclear Regulatory Commission. Mr. Lyash's appointment to the Board also includes a position on the Safety, Technology, Nuclear and Operations Committee. As an independent director, he will be compensated according to the company's Non-Employees Directors Compensation Plan, receiving annual retainers in both cash and stock. This addition to the Board signifies a strategic move to leverage Mr. Lyash's significant operational and regulatory expertise, particularly in areas critical to Dominion Energy's business, such as nuclear operations and safety.
DOMINION ENERGY, INC 8-K Report, Corporate Update (May 13, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report detailing a significant financing transaction. On May 6, 2025, the company entered into an underwriting agreement to issue $1,000,000,000 in aggregate principal amount of its 2025 Series C 4.60% Senior Notes due 2028. This issuance was previously registered under a Form S-3 filing effective February 21, 2023, indicating it was part of an at-the-market or shelf registration strategy. The primary purpose of this filing is to formally announce the terms of this debt issuance and provide the associated legal documentation. This move suggests Dominion Energy is actively managing its capital structure, potentially to fund ongoing operations, capital expenditures, or refinance existing debt. Investors should note the fixed interest rate of 4.60% for these senior notes, which will mature in 2028.
DOMINION ENERGY, INC 8-K Report, Shareholder Vote Results (May 9, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report detailing the results of its 2025 Annual Meeting of Shareholders held on May 7, 2025. The report indicates strong shareholder support for the company's director nominees, with all 11 candidates being elected to the Board of Directors. This demonstrates confidence in the current leadership and governance structure of the company. Furthermore, shareholders provided an advisory "Say on Pay" approval for the compensation of named executive officers, signaling general agreement with the company's executive compensation practices. The appointment of Deloitte & Touche LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was also overwhelmingly ratified, reinforcing trust in the company's financial oversight. A shareholder proposal to remove non-carbon emitting generation goals from executive pay incentives was, however, not approved, indicating a divergence in opinion on specific compensation policy elements.
DOMINION ENERGY, INC 8-K Report, Financial Results (May 1, 2025)
Dominion Energy, Inc. (D) filed an 8-K on May 1, 2025, to report preliminary unaudited financial results for the three months ended March 31, 2025. While the filing itself is brief, it signifies the release of key performance indicators for the first quarter of the year. Investors should refer to the furnished press release (Exhibit 99) for the specific earnings figures and detailed financial condition information.
DOMINION ENERGY, INC Quarterly Report for Q1 Ended Mar 31, 2025
Dominion Energy (D) reported strong first-quarter 2025 financial results, with net income attributable to Dominion Energy increasing by 46% to $646 million ($0.75 diluted EPS) compared to $441 million ($0.50 diluted EPS) in the prior year's quarter. This substantial improvement was driven by a combination of factors, including higher rider equity returns from increased capital investments at Virginia Power, favorable weather conditions impacting electric utility sales, and reduced unrealized losses on economic hedging activities. The company also benefited from the absence of certain prior-year charges and market-related impacts on pension plans. Operationally, the company saw a 12% increase in total operating revenue, largely due to higher recovery of costs through non-fuel riders, increased electric utility retail sales, and contributions from recent settlements. While expenses saw increases in other operations and maintenance, notably due to severe weather events, these were largely offset by reductions in depreciation and amortization and lower interest expenses. The company continues to advance its significant capital projects, including the CVOW Commercial Project, which is on track for completion by the end of 2026, though subject to potential tariff impacts. Dominion Energy's liquidity remains solid, supported by its credit facilities and a strong operating cash flow.
DOMINION ENERGY, INC 8-K Report, Material Agreement (Apr 9, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report detailing significant updates to its credit facilities. The company, along with its subsidiaries Virginia Electric and Power Company and Dominion Energy South Carolina, Inc., has entered into a Sixth Amended and Restated Revolving Credit Agreement (Core Credit Facility) totaling $7 billion. This facility, maturing in April 2030, is a key financial tool designed to support various borrowing needs, including bank borrowings, commercial paper issuance, and letters of credit. This substantial credit line indicates the company's proactive approach to maintaining robust liquidity and financial flexibility.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Mar 11, 2025)
Dominion Energy, Inc. (D) announced on March 10, 2025, the execution of an underwriting agreement to issue a significant amount of senior notes. The company is raising a total of $1.5 billion through the sale of two tranches of debt: $800 million in 5.00% Senior Notes due 2030 and $700 million in 5.45% Senior Notes due 2035. This offering is part of a shelf registration statement previously filed with the SEC, indicating a strategic move to secure long-term financing. Investors should note that this issuance represents an increase in the company's outstanding debt. The stated interest rates for these notes, 5.00% and 5.45%, provide context for the cost of this new capital. The primary purpose of this filing is to disclose the underwriting agreement and the supplemental indentures related to these new senior notes, offering transparency on Dominion Energy's capital structure and financing activities.
DOMINION ENERGY, INC Annual Report, Year Ended Dec 31, 2024
Dominion Energy, Inc. (D) reported its 2024 fiscal year results, highlighting strategic progress and ongoing investments in clean energy infrastructure. The company has continued its divestiture of non-core gas distribution assets, with the sale to Enbridge progressing as planned throughout 2024. This strategic shift focuses Dominion Energy on its core regulated electric utility operations in Virginia, North Carolina, and South Carolina, which are expected to contribute approximately 90% of earnings. Significant capital expenditure is planned through 2029, totaling around $50 billion, to support grid modernization, renewable generation development (including the significant Coastal Virginia Offshore Wind - CVOW Commercial Project), and transmission/distribution resiliency. The company also received license extensions for its nuclear power stations in Virginia and plans to seek extensions for Millstone. Financially, Dominion Energy's net income attributable to the company saw an increase, primarily driven by the absence of certain charges and impairments from prior periods, alongside an increase in net investment earnings on nuclear decommissioning trust funds. Revenue remained stable, with increases from higher rider equity returns and favorable weather patterns partially offset by lower market-related impacts on Millstone and changes related to commodity costs. The company also repurchased a portion of its common stock in 2024, demonstrating a commitment to shareholder returns while managing its capital structure. Looking ahead, Dominion Energy anticipates growth in its earnings per share for 2025, supported by the absence of certain charges and continued investment in growth projects.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Feb 27, 2025)
Dominion Energy, Inc. (D) has entered into twelve separate sales agency agreements with various financial institutions, establishing an "at-the-market" (ATM) program. This program allows the company to issue and sell shares of its common stock from time to time through these sales agents. The aggregate offering amount under this program is capped at $1.2 billion. This ATM program is designed to provide Dominion Energy with flexibility in raising capital by allowing it to sell shares opportunistically in the open market. The structure involves forward sale agreements, where a forward purchaser borrows shares to sell them initially, and Dominion Energy receives proceeds later upon settlement. While the company expects physical settlement, alternative settlement methods (cash or net share) exist, which could result in no proceeds or even an obligation for Dominion Energy to pay cash or deliver shares.
DOMINION ENERGY, INC 8-K Report, Financial Results (Feb 12, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report on February 12, 2025, primarily to announce its preliminary unaudited financial results for the fourth quarter and full year ended December 31, 2024. This filing serves as the primary vehicle for disseminating these key performance metrics to the investing public ahead of more detailed financial statements. Investors should note that these results are preliminary and unaudited, meaning they are subject to change upon further review and audit procedures. The press release furnished with this 8-K contains the core financial information investors will be looking for, including earnings per share and revenue figures for both the recent quarter and the full fiscal year. While the 8-K itself doesn't provide the detailed narratives typically found in a 10-Q or 10-K, it signals the company's readiness to share its operational and financial performance for the concluded period. Investors are advised to review the accompanying press release (Exhibit 99) for the specific figures and any initial commentary provided by Dominion Energy.
DOMINION ENERGY, INC 8-K Report, Regulation FD Disclosure (Feb 3, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report on February 3, 2025, providing an update on its Coastal Virginia Offshore Wind (CVOW) project. The primary focus of the filing is a revised cost estimate for the project, which has increased from approximately $9.8 billion to $10.7 billion. This escalation is attributed to higher projected onshore electrical interconnection costs and network upgrade costs allocated by PJM, reflecting PJM's December 2024 publication of potential transmission network upgrades and their associated cost allocations. Despite the increased total project cost, Dominion Energy affirms that the project's expected on-time completion at the end of 2026 remains unchanged. The company also highlighted a more favorable projected levelized cost of energy (LCOE) of approximately $62/MWh, down from the initial $80-90/MWh estimate, inclusive of renewable energy credits. Furthermore, the filing notes that the revised total project cost is still within the threshold for the partnership with Stonepeak Partners, LLC, which will contribute 50% of the remaining capital as long as the total project cost, excluding financing, remains below $11.3 billion.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Jan 27, 2025)
Dominion Energy, Inc. (D) has filed an 8-K report detailing the approval of its 2025 Annual Incentive Plan (AIP) by its Compensation and Talent Development Committee (CTD Committee). This plan provides eligible officers with performance-based cash awards, with potential payouts ranging from 0% to 200% of their target incentive, which is set as a percentage of base salary. The specific performance goals for the AIP will be determined by the CTD Committee from measures outlined in the 2024 Incentive Compensation Plan. The report also outlines compensation adjustments for key executives, notably Edward H. Baine, whose role was expanded to President – Utility Operations and Dominion Energy Virginia. Effective January 1, 2025, Mr. Baine's annual base salary was set at $643,537, with an 80% AIP target and a long-term incentive target of $1,250,000. Additionally, the CTD Committee approved special cash and restricted stock awards for Mr. Baine, Carlos M. Brown (President – Dominion Energy Services and Executive Vice President, Chief Legal Officer and Corporate Secretary), and Steven D. Ridge (Executive Vice President and Chief Financial Officer) as recognition for their key contributions in 2025. These awards include clawback provisions and, for cash awards, repayment requirements upon voluntary resignation within one year.
DOMINION ENERGY, INC 8-K/A Report, Corporate Update (Dec 17, 2024)
Dominion Energy, Inc. (D) has filed an 8-K/A filing on December 17, 2024, primarily to amend and update the description of its capital stock. This filing is an amendment to a previous 8-K filed on February 21, 2023. The company is incorporating by reference an updated description of its capital stock found in Exhibit 99.1 to comply with SEC requirements for forms that allow for such incorporation. This is a procedural update and does not appear to signal any immediate operational or financial changes for investors to be concerned about. Investors should review Exhibit 99.1 for the precise details of the updated capital stock description.
DOMINION ENERGY, INC 8-K Report, Bylaw Amendment (Dec 17, 2024)
Dominion Energy, Inc. (D) filed an 8-K on December 17, 2024, announcing the formal removal of Article IIIB from its articles of incorporation. This amendment is a direct consequence of the company's redemption of all outstanding shares of its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock (Series B Preferred Stock). The redemption was effective as of December 15, 2024, and the subsequent amendment reflects the completion of this capital structure change. For investors, this filing signals the finalization of the Series B Preferred Stock redemption. This action simplifies the company's capital structure by eliminating a specific class of preferred stock. Investors holding or previously holding the Series B Preferred Stock should note that their rights and claims related to this stock are now fully extinguished as per the redemption. The amendment to the articles of incorporation is a procedural step to align the company's governing documents with its completed capital actions.
DOMINION ENERGY, INC 8-K Report, Executive Changes (Dec 2, 2024)
Dominion Energy, Inc. (D) has announced a significant leadership transition involving the upcoming retirement of Executive Vice President, Chief Operating Officer, and President – Contracted Energy, Diane Leopold. Ms. Leopold intends to retire effective June 1, 2025, and will step down from her operational roles on January 1, 2025. She will remain with the company in a support capacity during the transition period. This transition will lead to a restructuring of key operational responsibilities. Effective January 1, 2025, Edward H. Baine will expand his role to oversee all utility operations, including Dominion Energy Virginia, under the new title of President – Utility Operations and Dominion Energy Virginia. Concurrently, Eric S. Carr will take on responsibility for the Contracted Energy operating segment, in addition to his existing nuclear operations duties, becoming Chief Nuclear Officer and President – Nuclear Operations and Contracted Energy. Investors should monitor how these leadership changes impact operational execution and strategic direction within these critical segments.
DOMINION ENERGY, INC 8-K Report, Corporate Update (Nov 18, 2024)
Dominion Energy, Inc. (D) announced on November 14, 2024, the execution of an underwriting agreement for the sale of $1.25 billion in aggregate principal amount of its 2024 Series C Enhanced Junior Subordinated Notes due 2055. These notes are junior subordinated debt and were registered under a previously effective Form S-3 registration statement. This issuance represents a significant capital-raising event for Dominion Energy, aiming to bolster its financial resources. The details of the notes and the underwriting agreement, including the role of BofA Securities, Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC as underwriters, are outlined in the filing. Investors should note the nature of these notes as junior subordinated debt, which implies a higher risk profile compared to senior debt but typically offers a higher yield. The specific terms and conditions are governed by the Eighteenth Supplemental Indenture to the Company's existing Subordinated Indenture II.
DOMINION ENERGY, INC Quarterly Report for Q3 Ended Sep 30, 2024
Dominion Energy reported a significant increase in net income attributable to the company for the third quarter and year-to-date periods ending September 30, 2024, compared to the prior year. This improvement was largely driven by the absence of substantial charges related to asset dispositions in the prior year, increased net investment earnings on nuclear decommissioning trust funds, and higher equity returns from Virginia Power's capital investments. The company also saw a reduction in interest expenses due to lower debt levels and a benefit from a nuclear production tax credit. However, operating revenue saw a modest increase primarily due to regulatory riders and market price impacts at Millstone, partially offset by lower fuel-related revenue and one-time customer credits. Overall, Dominion Energy demonstrated solid financial performance, benefiting from operational efficiencies and favorable investment returns. Key financial highlights include a robust increase in both quarterly and year-to-date net income, driven by the aforementioned factors. The company's strategic asset dispositions and ongoing capital investments in regulated operations, particularly at Virginia Power, contributed to improved financial results. Despite headwinds from fluctuating commodity costs and regulatory adjustments, Dominion Energy maintained a strong liquidity position and managed its debt effectively, underscoring its financial resilience and commitment to returning value to shareholders.
DOMINION ENERGY, INC 8-K Report, Financial Results (Nov 1, 2024)
Dominion Energy, Inc. (D) filed an 8-K on November 1, 2024, to report preliminary unaudited earnings for the third quarter ended September 30, 2024. The key financial information was released via a press release, which is furnished as an exhibit to this filing. Investors should review this press release for detailed operational and financial performance metrics that will inform the company's financial condition and future outlook. While the 8-K itself does not contain the detailed financial figures, it serves as the official notification of the release of these preliminary results. The furnished press release is the primary source for understanding the company's performance during the third quarter, including any significant trends, achievements, or challenges that may impact the company's stock price and investor sentiment. Investors are advised to access and analyze the contents of Exhibit 99 for a comprehensive understanding of these preliminary results.
DOMINION ENERGY, INC 8-K Report, Material Agreement (Oct 25, 2024)
Dominion Energy, Inc. (D) has filed an 8-K report detailing a significant development concerning its Coastal Virginia Offshore Wind (CVOW) project. Virginia Power, a subsidiary, has entered into a Limited Liability Company Agreement (LLC Agreement) with an unnamed 'Investor' for OSW Project LLC. This agreement outlines the framework for the project's funding, governance, and operational control, particularly concerning construction costs beyond the current budget. The key takeaway for investors is the shared responsibility and potential adjustments in ownership and financial contributions based on the CVOW project's final construction costs. While the initial budget is $9.8 billion, the LLC Agreement mandates contributions up to $11.3 billion, with the Investor having options for further contributions if costs rise between $11.3 billion and $13.7 billion. The agreement also clarifies Virginia Power's role in project management and its potential economic outcomes depending on cost overruns and the Investor's participation.
DOMINION ENERGY, INC 8-K Report, Acquisition Completed (Oct 1, 2024)
Dominion Energy, Inc. (D) has successfully completed the sale of its North Carolina natural gas utility subsidiary, Public Service Company of North Carolina, Incorporated (PSNC), to Enbridge Parrot Holdings, LLC (Enbridge). The transaction, finalized on September 30, 2024, generated approximately $2.0 billion in cash proceeds for Dominion Energy, with Enbridge also assuming about $1.2 billion in debt associated with PSNC. This divestiture aligns with Dominion Energy's strategic focus, allowing it to streamline operations and potentially reallocate capital towards its core business areas. For investors, this sale represents a significant step in Dominion Energy's portfolio transformation. The substantial cash infusion provides financial flexibility, which could be used for debt reduction, share repurchases, or funding future capital expenditures. The exclusion of PSNC's results as discontinued operations in prior filings simplifies the understanding of the company's ongoing business performance. Investors should monitor how Dominion Energy utilizes these proceeds and how this divestiture impacts its future earnings and strategic direction.
DOMINION ENERGY, INC Quarterly Report for Q2 Ended Jun 30, 2024
Dominion Energy, Inc. (D) reported its financial results for the quarter ended June 30, 2024. The company saw a slight decrease in net income attributable to Dominion Energy for both the second quarter and year-to-date periods compared to the prior year. This decrease was primarily driven by the closing of the East Ohio Transaction and impacts from 2023 Virginia legislation, partially offset by improved operational performance at Millstone and favorable weather conditions for electric utility customers. Financially, the company's operating revenue increased due to the recovery of costs associated with non-fuel riders and growth in retail electric sales. However, higher interest expenses, increased impairment charges, and a decrease in other income impacted profitability. The company continues to manage its debt, with notable activity including term loan repayments and issuances of long-term debt. Investing activities were significantly influenced by proceeds from asset dispositions, while capital expenditures increased. The company's subsidiary, Virginia Power, also reported improved net income, benefiting from the absence of amortization related to a prior regulatory settlement and increased electric sales, though partially offset by legislative changes impacting riders.
DOMINION ENERGY, INC 8-K Report, Financial Results (Aug 1, 2024)
Dominion Energy, Inc. (D) has filed a Form 8-K on August 1, 2024, to announce preliminary, unaudited financial results for the second quarter ended June 30, 2024. While the filing itself is brief, it directs investors to a furnished press release (Exhibit 99) for the detailed earnings information. This release is critical for understanding the company's operational performance and financial condition during the reporting period. Investors should carefully review the August 1, 2024 press release to ascertain Dominion Energy's revenue, net income, earnings per share (EPS), and any other key financial metrics for Q2 2024. The filing indicates that the information is preliminary and unaudited, meaning it may be subject to adjustments as the company finalizes its financial statements. The focus of this 8-K is to provide timely updates on financial results as required by SEC regulations.
DOMINION ENERGY, INC 8-K Report, Material Agreement (Jun 7, 2024)
Dominion Energy, Inc. (D) has filed an 8-K to report an amendment to its Sustainability Revolving Credit Agreement. The key update is the extension of the maturity date for this credit facility from its original maturity to June 9, 2025. This amendment, entered into on June 7, 2024, with Sumitomo Mitsui Banking Corporation as Administrative Agent, ensures continued access to revolving credit under terms that are now extended by one year. For investors, this filing indicates Dominion Energy's proactive management of its liquidity and debt obligations. The extension of the credit agreement suggests confidence from lenders in the company's financial stability and its ability to meet future obligations. While this is a routine financial maneuver, it provides a degree of reassurance regarding the company's short-to-medium term financing flexibility.
DOMINION ENERGY, INC 8-K Report, Material Agreement (Jun 3, 2024)
Dominion Energy, Inc. (D) filed an 8-K on June 2, 2024, detailing the completion of its previously announced sale of Questar Gas and related entities to Enbridge Quail Holdings, LLC (Enbridge). The transaction, which closed on May 31, 2024, involved the sale of all membership interests in Fall West Holdco LLC, the intermediate holding company for Questar Gas, Wexpro Company, and other related entities. Investors should note that Dominion Energy received approximately $3.0 billion in cash and Enbridge assumed approximately $1.3 billion of indebtedness related to the sale. Questar Gas is a natural gas utility serving Utah, Wyoming, and Idaho, with Wexpro Company being a significant supplier. This divestiture is a key step in Dominion Energy's strategic repositioning, with pro forma financial information for this transaction not requiring immediate filing as the disposed business was already reported as discontinued operations.
DOMINION ENERGY, INC 8-K Report, Corporate Update (May 20, 2024)
Dominion Energy, Inc. (D) has filed an 8-K report detailing the successful offering of $2 billion in Enhanced Junior Subordinated Notes across two series. The company entered into an underwriting agreement on May 6, 2024, for the sale of $1 billion in 2024 Series A Enhanced Junior Subordinated Notes due 2055 and $1 billion in 2024 Series B Enhanced Junior Subordinated Notes due 2054. These notes are a form of subordinated debt registered under a previously effective shelf registration statement. The issuance under the Sixteenth and Seventeenth Supplemental Indentures represents a significant financing activity for the company. Investors should note that these are "Enhanced Junior Subordinated Notes," a classification that typically implies a higher risk profile than senior debt but offers potentially higher yields. This offering is part of Dominion Energy's ongoing capital management strategy, likely aimed at funding operations, capital expenditures, or refinancing existing debt.
DOMINION ENERGY, INC 8-K Report, Executive Changes (May 8, 2024)
Dominion Energy, Inc. (D) filed an 8-K report on May 7, 2024, detailing the outcomes of its 2024 Annual Meeting of Shareholders held on May 6, 2024. The primary focus for investors is the shareholder approval of the 2024 Incentive Compensation Plan, which governs executive and employee compensation. Additionally, the report confirms the election of all 11 director nominees to the Board of Directors, indicating continued confidence in the current leadership. Shareholder votes on key proposals, including advisory Say on Pay, ratification of the independent auditor, and various shareholder proposals, are also disclosed, providing insights into shareholder sentiment on corporate governance and compensation practices.