Dominion Energy Sees 2026 Earnings in Top Half of Range After Strong Third Quarter
Dominion Energy said it expects 2026 earnings to land in the top half of its forecast range after third-quarter operating earnings rose 20.8% per share, the Virginia utility reported Friday.
Operating earnings, Dominion's non-GAAP measure, were $1.1 billion, or $1.28 a share, up from $921 million, or $1.06 a share, in the third quarter of 2025, according to the earnings release filed with an 8-K. Net income under generally accepted accounting principles was $1.2 billion, or $1.30 a share, compared with $1.0 billion, or $1.16 a share, a year earlier.
The differences between the two measures include gains and losses on nuclear decommissioning trust funds, mark-to-market effects of economic hedges and impairments of nonregulated assets, according to the release.
Guidance
Dominion's 2026 operating earnings guidance is $3.45 to $3.69 a share. The company said it now expects to finish in the top half of that range. It reaffirmed its existing operating earnings, credit, dividend and long-term growth guidance.
Why it matters
Dominion serves fast-growing electricity demand in Virginia, home to one of the world's largest concentrations of data centers. A forecast leaning toward the high end of its range signals that its regulated utility operations are tracking ahead of plan, while the reaffirmed dividend guidance matters to income-focused shareholders.
Management planned to discuss the results on a conference call at 11 a.m. ET on Friday.
By the numbers
- $1.28: third-quarter operating EPS, up from $1.06
- $1.30: GAAP EPS, up from $1.16
- $1.1 billion: operating earnings
- $3.45 to $3.69: 2026 operating EPS guidance range
- Top half: where Dominion now expects to land
Sources
- Dominion Energy Form 8-K with third-quarter 2026 earnings release (Exhibit 99.1), filed Oct. 30, 2026 (accession 0001193125-26-439883)
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