Dominion Energy Q2 operating EPS beats on growth in Virginia segment

Dominion Energy

31/07/2026 12:43

Overview
US regulated utility's Q2 operating revenue and operating EPS beat analyst expectations
GAAP net income fell yr/yr, while non-GAAP operating EPS rose to $0.79 from $0.75
Company reaffirmed full-year 2026 operating earnings guidance

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

Result Drivers
VIRGINIA SEGMENT DRIVERS - Operating earnings growth in Dominion Energy Virginia was supported by the 2025 Biennial Review impacts, higher rider equity returns, and increased customer usage
COST PRESSURES - Higher electric capacity expense, storm damage and service restoration costs, and increased salaries and administrative expenses negatively affected results
CORPORATE EXPENSES - Higher interest expense in Corporate and Other segment reduced consolidated operating earnings

Company press release: ID:nBw92lP0ma

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
Beat
$4.48 bln
$4.04 bln (6 Analysts)
Q2 Operating EPS
Beat
$0.79
$0.68 (14 Analysts)
Q2 EPS
 
$0.37
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 15 "hold" and no "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 $69.00, about 1% below its July 30 closing price of $69.73
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
July 30 - American Electric Power Q2 revenue beats estimates, raises FY outlook
July 28 - FirstEnergy Corp beats Q2 revenue estimates, reaffirms 2026 outlook
July 30 - Southern Co Q2 adjusted EPS beats expectations on customer growth

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.)