Dominion Energy's Q1 revenue and operating EPS beat estimates on Virginia gains

Dominion Energy

01/05/2026 12:40

Overview

US regulated utility's Q1 operating revenue and EPS beat analyst expectations

Company reaffirmed full-year 2026 operating earnings guidance

GAAP net income fell yr/yr, while operating EPS rose slightly

Outlook

Dominion affirms full-year 2026 operating earnings guidance of $3.45 to $3.69 per share

Result Drivers

VIRGINIA SEGMENT GAINS - Higher operating earnings in Dominion Energy Virginia driven by favorable weather, biennial review impacts, and increased rider equity returns

CONTRACTED ENERGY MARGINS - Contracted Energy segment benefited from higher margins and increased renewable energy tax credits, partly offset by higher depreciation and interest expense

HIGHER CORPORATE COSTS - Increased interest expense and other corporate costs weighed on consolidated operating earnings

Company press release: ID:nBw9NxtPda

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Operating Revenue
Beat
$5.02 bln
$4.51 bln (8 Analysts)
Q1 Operating EPS
Beat
$0.95
$0.91 (16 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy", 18 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy."

Wall Street's median 12-month price target for Dominion Energy Inc is $67.00, about 3.9% above its April 30 closing price of $64.50

The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)