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

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

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

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