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), headquartered in Richmond, VA, is a leading provider of electricity and natural gas, servicing approximately 7 million customers across 13 states. The company's mission is to deliver sustainable, reliable, affordable, and safe energy.
Dominion Energy is committed to achieving net zero emissions of carbon dioxide and methane from its power generation and gas infrastructure operations by 2050. One of the company's most significant recent achievements includes the launch of Charybdis, the United States' first Jones Act-compliant offshore wind turbine installation vessel. This vessel marks a crucial step in the company's Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind farm under construction in the U.S., aimed to generate enough renewable energy to power 660,000 homes by 2026.
Financially, Dominion Energy recently reported a net income of $674 million for the first quarter of 2024. The company continues to provide robust financial guidance, affirming its full-year 2024 operating earnings range of $2.62 to $2.87 per share. Dominion Energy also conducted a tender offer for its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, reflecting its strategic financial maneuvers to optimize its capital structure.
The company is actively involved in various partnerships and community engagements. It has more than 800 Virginia-based workers engaged in the CVOW project, creating significant local job opportunities and driving economic development.
For the latest updates and detailed information about Dominion Energy, please visit DominionEnergy.com.
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.
Dominion Energy (NYSE: D) provided updates on its Coastal Virginia Offshore Wind (CVOW) project, which remains on schedule for completion by end of 2026. The 2.6 GW project is approximately 50% complete, having installed the first 16 transition pieces and received its first offshore substation.
The total project cost has increased ~9% from $9.8B to $10.7B, primarily due to higher network upgrade costs assigned by PJM and increased onshore electrical interconnection costs. The project maintains a $222M contingency. Under cost-sharing mechanisms, 50% of costs above $10.3B will be borne by project owners, not customers.
The expected average impact on typical residential customers (1,000 kWh/month) is 43 cents per month. The project's updated levelized cost of energy is ~$62. Stonepeak, a non-controlling equity partner, will fund 50% of project costs up to $11.3B. Dominion Energy expects a Q4 2024 charge of ~$100M but reaffirms its 2025 operating EPS guidance and 5-7% long-term growth through 2029.
Dominion Energy (NYSE: D) has announced its board of directors declared a quarterly dividend of 66.75 cents per share of common stock. The dividend will be paid on March 20, 2025, to shareholders of record as of the close of business on February 28, 2025.
This marks the 388th consecutive dividend payment by Dominion Energy or its predecessor company to common stock holders. The company's previous quarterly dividend was declared on October 31, 2024.
Dominion Energy (NYSE: D) has announced its preparedness for expected winter weather impacts in South Carolina this weekend. The company is anticipating a wintry mix of precipitation across parts of its service territory on Friday and has positioned crews to respond to potential power outages.
The company has established contact with neighboring utilities and contract companies to secure additional resources if needed. Dominion Energy South Carolina President Keller Kissam emphasized the unpredictable nature of winter weather and the company's readiness to respond.
The announcement includes safety recommendations for customers, including creating emergency kits, avoiding downed power lines, and utilizing the Dominion Energy app for outage reporting. The company serves 3.6 million homes and businesses with electricity in Virginia, North Carolina, and South Carolina, and provides natural gas service to 500,000 customers in South Carolina.
Dominion Energy (NYSE: D) has announced its fourth-quarter 2024 earnings conference call, scheduled for February 12, 2025, at 10 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 the conference ID 'DOMINION' (domestic: 1-800-445-7795, international: 1-785-424-1699).
The company serves 3.6 million electricity customers across Virginia, North Carolina, and South Carolina, plus 500,000 natural gas customers in South Carolina. Dominion Energy is a leading developer of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England.
Dominion Energy Virginia announces winter energy-saving initiatives and assistance programs. The company provides tips for energy conservation, including setting thermostats to 68°, regular air filter maintenance, and proper insulation measures. Key programs include:
- Virtual Energy Audits with free energy savings kits
- Budget Billing to avoid seasonal bill fluctuations
- Energy Usage Alerts for consumption monitoring
- Percentage of Income Payment Plan (PIPP) for income-challenged customers
- EnergyShare program offering up to $600 in bill assistance from October to May
The company serves 3.6 million homes and businesses across Virginia, North Carolina, and South Carolina, with additional natural gas service to 500,000 South Carolina customers.
Dominion Energy (NYSE: D) announced that Diane Leopold, Executive Vice President and Chief Operating Officer, will retire on June 1, 2025, after a 36-year career in energy, including 30 years at Dominion. During the transition, Ed Baine will become President-Utility Operations and Dominion Energy Virginia, while Eric Carr will become Chief Nuclear Officer and President-Nuclear Operations and Contracted Energy. Leopold will maintain oversight of major construction projects including the Coastal Virginia Offshore Wind project and Charybdis. She joined Dominion in 1995, became an officer in 2004, and has held various executive roles before assuming her current position in 2020.
Dominion Energy (NYSE: D) announced the redemption of all outstanding shares of its 4.65% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock, effective December 15, 2024. The redemption price is set at $1,000 per share, with 360,410 shares outstanding representing approximately $360 million in total liquidation preference. A semi-annual dividend of $23.25 per share will be paid separately on December 16, 2024. This redemption aligns with the company's plans to utilize proceeds from its May 2024 $2 billion enhanced junior subordinated notes issuance.
Dominion Energy has successfully completed its first monopile installation season for the Coastal Virginia Offshore Wind (CVOW) project, installing 78 monopile foundations and 4 offshore substation foundations. The 2.6-gigawatt project, located 27 miles off Virginia Beach, is 43% complete and remains on-budget and on schedule for completion in late 2026. The project will include 176 turbines capable of powering 660,000 homes and is expected to generate $3 billion in fuel savings over its first decade. The next installation season begins May 2025, with current focus on substation installation and cable laying. Nearly 1,000 Virginia-based workers are currently engaged in the project.
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