Earnings Releases·Oct 30, 2026, 7:31 AM ET

Dominion Energy — Third-Quarter 2026 Earnings Summary

GAAP net income rose to $1.2 billion ($1.30/share) in Q3 2026 from $1.0 billion ($1.16/share) in 2025, while operating earnings (non-GAAP) increased to $1.1 billion ($1.28/share) from $921 million ($1.06/share); however, nine-month GAAP net income fell to $2.12 billion ($2.37/share) from $2.43 billion ($2.81/share) due to $719 million in nonregulated asset impairments.
Management reaffirmed existing guidance for operating earnings, credit, dividend, and long-term growth, expecting to finish the 2026 operating earnings range of $3.45 to $3.69 per share in the top half.
Business segment performance showed operating earnings growth in Dominion Energy Virginia (+$183 million) and South Carolina (+$62 million) for the quarter, offset by a $31 million decline in Contracted Energy earnings.
Significant risks remain regarding the proposed merger with NextEra Energy, including regulatory approval and potential termination, alongside construction delays and cost overruns for the Coastal Virginia Offshore Wind project.
Nine-month adjustments included $39 million in merger-related costs and $11 million per quarter in preferred dividends, while management noted an inability to provide a GAAP equivalent for future operating earnings guidance due to volatile items like hedging and weather impacts.