Dominion Energy (D) Q2 2026 earnings summary

Executive summary

• Q2 2026 operating earnings were $0.79 per share, including $0.03 from RNG 45Z credits, while GAAP earnings were $0.37 per share, with strong first-half positioning for robust full-year results.

• Operating revenue for Q2 2026 increased 18% year-over-year to $4.48 billion, driven by higher fuel-related revenue, rider returns, and the 2025 Biennial Review.

• Net income attributable to shareholders for Q2 2026 was $340 million, down 55% from the prior year, primarily due to impairment charges on nonregulated renewable natural gas facilities and higher interest expense.

• Reaffirmed all financial guidance, including operating earnings, credit, dividend, and long-term growth targets.

• Announced transformational merger with NextEra Energy, offering $2.25 billion in bill credits to customers, with regulatory filings and approvals progressing on schedule and expected to close in the second half of 2027.

Financial highlights

• Q2 2026 operating EPS was $0.79; GAAP EPS was $0.37; 2026 guidance midpoint is $3.57 per share.

• Operating revenue for Q2 2026 was $4.48 billion, up from $3.81 billion in Q2 2025.

• 2026 dividend guidance is $2.67 per share.

• 2026-2030 capital investment plan totals ~$65 billion.

• Project-to-date CVOW investment is ~$9.8 billion, with remaining project costs of ~$1.9 billion.

Outlook and guidance

• Full-year 2026 operating earnings guidance reaffirmed at $3.45 to $3.69 per share, with no change to long-term EPS growth rate or capital investment plan.

• Continued focus on execution, regulatory outcomes, and investment opportunities.

• The proposed merger with NextEra Energy is expected to close in the second half of 2027, subject to regulatory and shareholder approvals.