Dominion Energy Inc Stock Price, News & Analysis

Dominion Energy (NYSE: D) has announced its quarterly dividend declaration of $0.6675 per share of common stock. The dividend will be paid on June 20, 2025, to shareholders of record as of May 29, 2025. This marks the company's 389th consecutive dividend payment, highlighting Dominion Energy's long-standing commitment to providing shareholder returns. The company's previous quarterly dividend was declared on January 24, 2025.

Dominion Energy (NYSE: D) has announced executive leadership changes effective June 1, 2025, following the retirement of Diane Leopold, Executive Vice President and Chief Operating Officer. The reorganization includes new responsibilities for several senior executives:

- Edward H. Baine will oversee utility operations in Virginia, North Carolina, and South Carolina
- Eric S. Carr will lead the seven-reactor nuclear fleet and Contracted Energy segment
- Carlos M. Brown will assume oversight of Project Construction and become Executive VP, Chief Administrative and Projects Officer
- Mark D. Mitchell will be promoted to President-Project Construction
- Regina J. Elbert will become Senior VP and Chief Legal and Human Resources Officer

Dominion Energy serves 3.6 million electricity customers across three states and provides natural gas service to 500,000 customers in South Carolina. The company is a leading developer of regulated offshore wind and solar power, and the largest producer of carbon-free electricity in New England.

Dominion Energy (NYSE: D) has announced its first-quarter 2025 earnings conference call, scheduled for Thursday, May 1, 2025, at 11 a.m. ET. The company will present financial results and discuss matters relevant to stakeholders through a live webcast available at investors.dominionenergy.com.

Participants can join via telephone using 1-800-245-3047 (domestic) or 1-203-518-9765 (international) with conference ID 'DOMINION'. A replay will be available online and via phone (1-800-839-9886 domestic, 1-402-220-2191 international) with passcode 17292.

Dominion Energy serves 3.6 million electricity customers across Virginia, North Carolina, and South Carolina, plus 500,000 natural gas customers in South Carolina. The company is a leading developer of regulated offshore wind and solar power, and the largest carbon-free electricity producer in New England.

Dominion Energy Virginia (NYSE: D) has filed proposals with the Virginia State Commission for new base and fuel rates. The company requests its first base rate increase since 1992, proposing increases of $8.51 per month in 2026 and $2.00 per month in 2027 for typical residential customers.

The rate adjustments reflect rising costs in labor, materials, and equipment, as well as power capacity and fuel costs. A separate fuel rate increase of $10.92 monthly for typical residential customers is proposed to take effect July 1, 2025, which includes the expiration of a $3.99 fuel credit.

The company's residential rates have increased approximately 40% lower than inflation over the past decade. Additionally, Dominion Energy is proposing a new rate class for high energy users, including data centers, requiring a 14-year commitment to pay for requested power capacity.

PJM Interconnection has selected multiple electric transmission projects to be jointly developed by Dominion Energy (D), American Electric Power, and FirstEnergy through their newly formed Valley Link Transmission Company joint venture. The projects will span across Virginia, West Virginia, and Maryland.

The key developments include:

• A 260-mile 765-kilovolt transmission line with two substations between Putnam County, WV and Frederick County, MD
• A 155-mile 765-kV transmission line with a substation between Campbell County, VA and Fauquier County, VA
• A new substation in Caroline County, VA

These infrastructure investments aim to address the region's growing power demands, enhance grid reliability, and support economic development. The projects are in early development stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.

PJM Interconnection has selected multiple electric transmission projects to be jointly developed by FirstEnergy Transmission, Dominion Energy, and American Electric Power through its Transource Energy affiliate. The companies will collaborate through the newly formed Valley Link Transmission Company joint venture.

The selected projects include:

• A 260-mile 765-kilovolt transmission line and two substations between Putnam County, WV, and Frederick County, MD
• A 155-mile 765-kV transmission line and substation between Campbell County, VA, and Fauquier County, VA
• A new substation in Caroline County, VA

The projects, proposed through PJM's Regional Transmission Expansion Plan Open Window process in September 2024, aim to address reliability needs, support economic development, and meet growing power demands across Virginia, West Virginia, and Maryland. The development is in early stages, with detailed plans for permitting, regulatory approvals, and public participation expected in the coming months.

Dominion Energy (NYSE: D) reported full-year 2024 GAAP net income of $2.44 per share and operating earnings of $2.77 per share, compared to $2.33 and $1.95 per share respectively in 2023. Fourth-quarter 2024 GAAP net income was $0.15 per share with operating earnings of $0.58 per share.

The company narrowed its 2025 operating earnings guidance range to $3.28 to $3.52 per share, maintaining the original midpoint of $3.40 per share. Dominion Energy reaffirmed its long-term operating earnings per share growth guidance of 5% to 7% through 2029, based on the 2025 operating earnings per share midpoint of $3.30 (excluding RNG 45Z).

Despite worse-than-normal weather conditions in regulated service areas, the company delivered 2024 operating earnings per share in the top half of its guidance range while maintaining reliable service and achieving near-record employee safety performance.

Dominion Energy (NYSE: D) and the Library of Virginia announced their 2025 Strong Men & Women in Virginia History honorees, marking the 13th year of this program celebrating African American leaders. The honorees include Lieutenant Governor Winsome Earle-Sears, House Speaker Don Scott, composer Damien Geter, forensic scientist Kelly L. Knight, and librarian Virginia Young Lee (posthumously).

The program, which merged two Black History Month initiatives in 2013, includes a traveling exhibition featuring the honorees' biographical information. Additionally, high school students participated in a creative contest, with Matthew Peng from Meridian High School winning the competition. The program showcases the achievements of African American business and community leaders who have made significant contributions to Virginia.