Welcome to our dedicated page for Dominion Energy news (Ticker: D), a resource for investors and traders seeking the latest updates and insights on Dominion Energy stock.
Dominion Energy, Inc. (NYSE: D) is a regulated utility headquartered in Richmond, Virginia that provides electricity to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to approximately 500,000 customers in South Carolina. The company’s news flow reflects its role in regulated power and gas distribution, large-scale clean energy projects, and ongoing engagement with regulators, investors, and customers.
On this page, readers can follow Dominion Energy news related to quarterly and annual earnings announcements, dividend declarations, and guidance updates, as described in the company’s press releases and Form 8-K filings. These items often include discussions of GAAP and non-GAAP operating earnings, segment performance for Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy, and commentary on factors affecting results.
Dominion Energy’s news also covers project and regulatory developments, such as updates on the Coastal Virginia Offshore Wind (CVOW) project and actions by the U.S. Department of the Interior’s Bureau of Ocean Energy Management. Statements from the company describe how CVOW and other projects relate to Virginia’s growing energy demand, national security considerations, and the expansion of offshore wind and solar power.
Customer-focused announcements highlight energy-saving programs, bill management tools, and assistance options, including Peak Time Rebates, virtual energy audits, home energy evaluations, Energy Usage Alerts, Budget Billing, and bill payment assistance programs. Dominion Energy also issues seasonal reminders on topics such as utility scam awareness.
By reviewing the news feed for D, investors and observers can see how Dominion Energy communicates about its financial performance, regulatory environment, major capital projects, customer programs, and risk factors that may influence its long-term utility operations.
Dominion Energy's board of directors has approved a 2023 dividend rate of $2.67 per share, which is subject to quarterly determination. Additionally, the company declared a quarterly dividend of 66.75 cents per share of common stock, payable on March 20, 2023, to shareholders of record by the close of business on March 3, 2023. This marks the 380th consecutive dividend paid to shareholders, showcasing the company's commitment to maintaining reliable returns. Dominion Energy services approximately 7 million customers across 16 states, focusing on sustainability and achieving Net Zero emissions by 2050.
Dominion Energy (NYSE: D) reported a fourth-quarter 2022 net loss of $42 million ($0.07 per share), a significant decline from $1.3 billion ($1.63 per share) in Q4 2021. For the full year 2022, the company achieved a net income of $994 million ($1.09 per share), compared to $3.3 billion ($3.98 per share) in 2021. However, operating earnings rose to $903 million ($1.06 per share) for Q4 2022, up from $752 million ($0.90 per share) in Q4 2021. The guidance for first-quarter operating earnings is projected between $0.97 and $1.12 per share. A live earnings call will be held on February 8, 2023, to discuss these results.
The Dominion Energy Charitable Foundation has awarded $1.3 million in grants to 97 environmental organizations across eight states, with over $400,000 designated for 35 organizations in Virginia. This funding supports initiatives focused on environmental education and stewardship. Projects funded include ecological restoration, the creation of parks, and educational programs aimed at promoting biodiversity and sustainability. Over the past 17 years, the Foundation has contributed $40 million to similar environmental projects, reinforcing Dominion Energy's commitment to sustainability in the communities it serves.
Dominion Energy (NYSE: D) will host its fourth-quarter 2022 earnings call on Feb. 8, 2023, at 10 a.m. ET. The management will discuss financial results and topics of interest to stakeholders. Investors can access a live webcast and accompanying slides on the company's investor information page. For those preferring to join via phone, domestic callers can dial 1-800-420-1271, while international callers should use 1-785-424-1634. A replay of the call will be available on the investor page later on the same day.
Dominion Energy is urging customers in Virginia and North Carolina to conserve energy due to extremely cold weather causing high demand on the electric grid. The company is experiencing elevated energy usage that is expected to persist over the coming days. To assist, customers are advised to set thermostats to 68 degrees or lower, turn off non-essential lights, unplug appliances, limit major equipment use, and ensure HVAC vents are unobstructed. Dominion Energy is also addressing weather-related outages and encourages reporting through their mobile app or website.
Dominion Energy (NYSE: D) has released an updated Climate Report outlining paths to achieve Net Zero carbon dioxide and methane emissions by 2050. This report aligns with the Paris Agreement and includes detailed scenario analyses for Scopes 1, 2, and material categories of Scope 3 emissions. New features include a comprehensive inventory of emissions, expanded physical risk analyses based on warming pathways, and discussions on equity and environmental justice. The report underscores Dominion's commitment to becoming the most sustainable energy company in America.
The Bureau of Ocean Energy Management has released a draft Environmental Impact Statement (EIS) for Dominion Energy's Coastal Virginia Offshore Wind (CVOW) project, a 2.6-gigawatt initiative capable of powering 660,000 homes. A public comment period will last 60 days from December 16, 2022. The project is on schedule for offshore construction in 2024, with completion expected by late 2026. The $9.8 billion investment is projected to save Virginia customers up to $6 billion over the first decade. CVOW aims to create hundreds of jobs and plays a key role in the state’s clean energy goals.
Williams (NYSE: WMB) has announced a groundbreaking natural gas certification process in partnership with Coterra Energy and Dominion Energy Virginia. This program aims to provide verified, low-carbon natural gas with a focus on reducing methane emissions. Utilizing Context Labs’ Decarbonization-as-a-Service™ (DaaS™) platform, the certification tracks emissions across the entire value chain. The project is expected to prevent 120,000 metric tons of CO2e emissions over one year, aligning with sustainability goals.
The 39th annual Dominion Energy Christmas Parade in Richmond, VA, is set to take place on December 3, 2022, starting at 10 a.m. Grand Marshals Nutzy and Nutasha will lead a festive procession featuring themed floats, dance troupes, and marching bands along a 2.2-mile route. This year’s theme is "A Very RVA Christmas", celebrating Richmond's holiday spirit. Sponsored by the Dominion Energy Charitable Foundation, the parade showcases regional talent and is free for all spectators. For details, visit www.richmondparade.org.
On Utility Scam Awareness Day, Dominion Energy emphasizes customer vigilance against utility scams. The company highlights key warning signs, such as threats of immediate payment and service disconnection, which are not typical of their practices. Customers are reminded that Dominion Energy never demands payment via credit/debit cards or wire transfers. The advisory also notes that scammers often target small businesses, instilling urgency during peak hours. Dominion Energy encourages customers to hang up on suspicious calls, verify account information, and seek assistance for financial concerns.