Dominion Energy Q2 operating EPS beats on growth in Virginia segment
D•Q2 operating revenue and EPS beat estimates
Dominion Energy said second-quarter operating revenue and operating EPS beat analyst expectations. Operating revenue rose to $4.48 billion, compared with the consensus estimate of $4.04 billion from six analysts. Operating EPS came in at $0.79, above the $0.68 estimate from 14 analysts and up from $0.75 a year earlier.
GAAP net income fell year over year, while non-GAAP operating EPS rose.
Virginia segment growth offset higher costs
Operating earnings growth in Dominion Energy Virginia was supported by the 2025 Biennial Review impacts, higher rider equity returns, and increased customer usage.
Higher electric capacity expense, storm damage and service restoration costs, and increased salaries and administrative expenses negatively affected results. Higher interest expense in the Corporate and Other segment also reduced consolidated operating earnings.
2026 outlook reaffirmed
Dominion reaffirmed full-year 2026 operating earnings guidance of $3.45 to $3.69 per share.
The company's current average analyst rating on the shares is hold, with 2 strong buy or ratings, 15 ratings and no or ratings. The median 12-month price target is , about 1% below the July 30 closing price of .
