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 released its second annual Diversity, Equity, and Inclusion (DE&I) Report, highlighting significant progress in 2021. Diverse hiring rose from 50.7% to 57.5%, and workforce representation increased to 35.5%. The company aims to achieve 40% diverse workforce representation by 2026. In 2021, Dominion spent $1 billion with diverse suppliers, a 24.5% increase from 2020, and contributed $11.4 million to DE&I organizations. The firm has been recognized as one of the Best Employers for Diversity by Forbes and received accolades for supporting LGBTQ+ equality.
Summary not available.
Summary not available.
On Sept. 19, 2022, Dominion Energy Utah announced that its CarbonRight program has enrolled its 1,000th customer in under six months. For just $5 monthly, customers can offset 100% of their carbon emissions from natural gas usage. Each 1,000 participants equate to removing roughly 900 cars from the road or planting 7,000 trees. The program is voluntary and supports sustainability by sourcing verified carbon offsets from local landfill and reforestation projects. Dominion Energy ensures no profit from this initiative, aiming to help customers reduce their carbon footprint.
Summary not available.
Dominion Energy (NYSE: D) announced the closure of its sale of Hope Gas, Inc., its West Virginia natural gas utility, to a subsidiary of Hearthstone Holdings, Inc. for $690 million. The sale, which has been adjusted for customary closing items, was initially announced on Feb. 11, 2022. Hope Gas serves 111,000 customers and operates over 5,200 miles of pipelines in West Virginia. The transaction received all necessary regulatory approvals and allows Dominion to focus on its remaining assets, including the Mt. Storm Power Station.
Hearthstone Holdings, Inc. has successfully acquired 100% of Hope Gas, Inc., a regulated gas distribution company in West Virginia, from Dominion Energy. As part of this strategic move, Hearthstone plans to relocate its headquarters to Morgantown and hire approximately 100 additional employees. The acquisition aims to enhance local energy services and collaborate with local natural gas producers. Hope Gas serves over 111,000 customers across 35 counties in West Virginia, boasting a significant pipeline infrastructure of 3,200 miles of main and 2,000 miles of gathering pipes.
Dominion Energy has announced a total of $1 million in environmental grants available to nonprofit and educational organizations. The deadline for applications is September 30 at 5 p.m. EST. Since 2003, Dominion has contributed nearly $39 million to environmental initiatives. Grants of up to $50,000 are available for specific projects that yield measurable environmental improvements, while K-12 schools can apply for $5,000 classroom grants. The foundation aims to educate communities and enhance environmental stewardship across its service areas.
On August 11, Dominion Energy highlights National 811 Day, urging homeowners to contact 811 before any digging projects. This free, legally required service helps prevent accidents by marking underground utility lines. A recent study indicates that nearly half of U.S. homeowners planning to dig may do so without contacting 811, risking outages and safety issues. State law mandates contacting 811 three business days prior to a project. Dominion Energy emphasizes the importance of this service to protect public safety and utility reliability.
Dominion Energy (NYSE: D) reported a second-quarter 2022 net loss of $0.58 per share, totaling $453 million, contrasting with a net income of $285 million or $0.33 per share in Q2 2021. However, the company's operating earnings rose to $0.77 per share ($658 million), up from $0.76 per share ($628 million) year-on-year. For Q3 2022, Dominion anticipates operating earnings between $0.98 and $1.13 per share, affirming its full-year guidance of $3.95 to $4.25 per share. The firm emphasizes operating earnings as a key performance measure, accounting for certain adjustments.