Dominion Energy beats Q1 estimates, reaffirms fiscal 2026 EPS outlook of $3.45 to $3.69
AI Market Summary
Dominion Energy reported a Q1 beat on adjusted EPS and revenue, aided by renewable natural gas 45Z tax credits, and reaffirmed its FY2026 EPS range. The company highlighted accelerating data-center power contracting and continued progress on its Coastal Virginia Offshore Wind project, though estimated project costs rose modestly. It also updated on a pending all-stock merger with NextEra that remains subject to multi-agency regulatory approvals.
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Dominion Energy reported first-quarter results that topped expectations, with adjusted EPS of 79 cents versus the 68 cents analysts had forecast. Revenue rose to $4.48 billion, above the Street estimate of $4.04 billion, and results included a 3 cents per share lift from renewable natural gas 45Z tax credits. The utility reaffirmed its fiscal 2026 adjusted earnings guidance of $3.45 to $3.69 per share, while it said it added more than 5 GW of new data center contracts since the end of 2025 and its Coastal Virginia Offshore Wind project reached 81% completion.
