Dominion Energy Sees Top Half of Unchanged 2026 Range

The Tip Desk · October 30, 2026 · 3 min read

Third-quarter operating earnings were $1.28 a share, and the company now expects the top half of its $3.45 to $3.69 range.

Dominion Energy (D) said it expects to be in the top half of its 2026 operating earnings guidance range of $3.45 to $3.69 a share, after reaffirming that range in both the first and second quarters. The company also reaffirmed existing operating earnings, credit, dividend, and long-term growth guidance.

Operating earnings (non-GAAP) for the three months ended Sept. 30, 2026, were $1.14 billion, or $1.28 a share, compared with $921 million, or $1.06 a share, a year earlier. GAAP net income attributable to Dominion Energy was $1.16 billion, or $1.30 a share.

The sequential step-up was the quarter’s defining move. Operating earnings per share were $1.28 after $0.79 in the second quarter and $0.95 in the first quarter. GAAP net income per share was $1.30 after $0.37 and $0.69.

Operating revenue was $5.62 billion versus $4.53 billion a year earlier. Income from operations was $1.84 billion versus $1.34 billion.

Dominion Energy Virginia, the largest reportable segment, posted operating earnings of $862 million, or $0.98 a share, versus $679 million, or $0.79 a share, a year earlier. The company attributed the $183 million, or $0.19 a share, increase to 2025 Biennial Review impacts of $137 million, including a $112 million rider equity return, weather of $55 million, and customer usage of $19 million, partly offset by electric capacity expense of $48 million, salaries of $33 million, and other items.

Dominion Energy South Carolina operating earnings were $230 million, or $0.26 a share, versus $168 million, or $0.20 a share, a year earlier. The company attributed the $62 million, or $0.06 a share, increase to base and RSA rate-case impacts of $46 million, weather of $36 million, and customer usage of $19 million, partly offset by depreciation of $16 million and other items.

Contracted Energy operating earnings fell to $134 million, or $0.15 a share, from $165 million, or $0.19 a share, a year earlier. The company attributed the $31 million, or $0.04 a share, decline to a $43 million reduction in renewable energy investment tax credits and $27 million of other items, partly offset by a $36 million increase in renewable energy production tax credits, including $37 million from renewable natural gas facilities, and $22 million of margin.

Corporate and Other operating earnings were an $87 million loss, or $0.11 a share, versus a $91 million loss, or $0.12 a share, a year earlier.

Differences between GAAP and operating earnings for the quarter included gains and losses on nuclear decommissioning trust funds, mark-to-market impact of economic hedging activities, nonregulated asset impairments, and other adjustments.

The company said it expects to be in the top half of the 2026 operating earnings guidance range of $3.45 to $3.69 a share and reaffirmed existing operating earnings, credit, dividend, and long-term growth guidance.