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 provides regulated electric and natural gas utility service and reports recurring developments tied to earnings, dividends, rate proceedings, generation projects, and customer operations. The company serves electric customers in Virginia, North Carolina, and South Carolina, provides regulated natural gas service in South Carolina, and develops and operates regulated offshore wind and solar power.
Company news commonly covers GAAP and operating earnings, guidance, board dividend actions, Public Service Commission matters involving Dominion Energy South Carolina, utility-safety programs such as 811 reminders, vegetation management agreements, and community initiatives in its service territories.
Dominion Energy (NYSE: D) has received FAA approval to conduct advanced drone operations beyond visual line of sight (BVLOS) across 40+ power facilities in seven states. This approval, achieved in collaboration with Skydio, allows plant engineers to operate drones with enhanced safety and efficiency without needing additional crew for proximity detection. The Skydio X2 drones will facilitate inspections and data collection, ultimately reducing operational costs and improving safety outcomes. Dominion's drone program, initiated in 2014, now includes approximately 50 drones for various operational tasks.
Dominion Energy (NYSE: D) is set to host its second-quarter 2022 earnings call on August 5, 2022, at 10 a.m. ET. During the call, management will discuss financial results and other stakeholder interests. Investors can access the live webcast on the company's investor pages, with a replay available later in the day. Dominion Energy serves around 7 million customers across 14 states, focusing on sustainable and reliable energy solutions. The company's goal is to achieve net zero emissions by 2050.
SecZetta reported strong business growth for Q1 FY2023, emphasizing its leadership in third-party identity risk solutions. Increased diligence from global organizations for compliance has driven demand for SecZetta's offerings, which facilitate efficient onboarding and management of third-party identities, especially during mergers and acquisitions. New customer wins included Dominion Energy and Mohegan Gaming, alongside significant partnerships with firms like Wipro and Talus Solutions. SecZetta received recognition from industry analysts, including mentions in Gartner and KuppingerCole reports, highlighting its innovative contributions to the identity management landscape.
BrightSuite, a Dominion Energy company, has introduced a rooftop solar program for Virginia homeowners, aiming to simplify the adoption of solar energy. The service includes direct consultations to assess home suitability for solar and potential energy savings. Key benefits include trustworthy feasibility assessments, full-service project management, partnerships with top local installers, and flexible financing options. BrightSuite emphasizes its commitment to helping both residential and commercial clients achieve their renewable energy goals, enhancing sustainability across Virginia.
Dominion Energy (NYSE: D) announced the successful remarketing of its Series A Cumulative Perpetual Convertible Preferred Stock, originally issued in June 2019. The remarketing is expected to close on June 1, 2022, with proceeds allocated for the purchase contracts of the company's 2019 Series A Equity Units. Dividends will reset to 1.75% until September 1, 2022, after which they will rise to 6.75%. The company plans to redeem all outstanding shares of Series A Preferred Stock on September 1, 2022, subject to board approval.
Dominion Energy (NYSE: D) has declared a quarterly dividend of 66.75 cents per share. This dividend will be payable on June 20, 2022, to shareholders of record on June 3, 2022. This marks the 377th consecutive dividend payment from Dominion Energy or its predecessors. The previous dividend was declared on January 28, 2022.
For the first quarter of 2022, Dominion Energy (NYSE: D) reported a GAAP net income of $711 million, or $0.83 per share, down from $1.0 billion, or $1.23 per share, in the prior year. However, operating earnings rose to $1.0 billion, or $1.18 per share, compared to $893 million, or $1.09 per share, in Q1 2021. The company initiated second-quarter operating earnings guidance between $0.70 and $0.80 per share and reaffirmed its full-year guidance of $3.95 to $4.25 per share, emphasizing their commitment to long-term earnings and dividend growth.
Dominion Energy's Project Plant It! program is celebrating its 16th year by providing 51,000 students across the U.S. with free tree seedlings and wildflower seed packets. Since 2007, the initiative has distributed over 832,000 planting materials, emphasizing the importance of trees and pollinators for ecosystem health. This year coincides with the 150th anniversary of Arbor Day. The program promotes planting pollinator gardens to support bee populations, engaging various educational entities for hands-on experiences.
Dominion Energy (NYSE: D) will hold its first-quarter 2022 earnings call on May 5, 2022, at 10 a.m. ET. The call will cover recent financial results and matters of interest for stakeholders. Investors can join via a live webcast available on the company’s investor information page, or by telephone using designated dial-in numbers. A replay of the call will be accessible later in the day. Dominion Energy serves around 7 million customers across 13 states and aims for net-zero carbon emissions by 2050.
Dominion Energy Virginia has received approval from the Virginia State Corporation Commission for a substantial expansion of solar and energy storage projects, totaling nearly 1,000 megawatts, enough to power 250,000 homes. This initiative includes 15 company-owned projects and 24 third-party projects, generating approximately $880 million in economic activity and supporting 4,200 jobs. The projects aim to further Dominion's commitment to achieving net zero greenhouse gas emissions by 2050, with construction set to complete by 2022 and 2023, resulting in a modest increase of $1.13 to monthly residential bills.