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 is expanding its Solar for Students program to solicit new sites in Virginia, North Carolina, and South Carolina. The initiative, funded by a grant from the Dominion Energy Charitable Foundation to the NEED Project, aims to provide K-12 students with hands-on solar energy education through photovoltaic systems. Applications are open until January 30, 2022, for schools within Dominion's service area, with at least 10 sites set to receive solar installations in 2022. Dominion is committed to achieving net zero carbon and methane emissions by 2050.
The board of directors of Dominion Energy (NYSE: D) has announced a 2022 dividend of $2.67 per share, reflecting a 6% increase from the 2021 rate of $2.52 per share. The first quarterly dividend of 66.75 cents per share is set to be paid in March 2022, pending board approval in January. The company serves about 7 million customers across 13 states and is committed to achieving net-zero emissions by 2050.
Dominion Energy Virginia is enhancing energy efficiency for customers this winter with over 20 energy conservation programs. These initiatives include rebates for smart thermostats and energy-efficient lighting. Notable achievements include supporting 58,000 low-income customers and issuing over $240 million in rebates. Upcoming programs include a smart home initiative and proposals for nine additional programs to further reduce energy consumption and costs. The company is committed to achieving net-zero emissions by 2050, aligning with Virginia’s clean energy goals.
Dominion Energy is allocating $500,000 in scholarships for 60 students through its Educational Equity Scholarship Program in 2022. This initiative, part of a $10 million commitment over six years, aims to support underrepresented minority students with their undergraduate education expenses. Eligible students must be high school seniors or graduates, or current college undergraduates from specific states, with a minimum GPA of 3.0. Applications are open from Nov. 30, 2021 to Jan. 25, 2022.
Dominion Energy's Project Plant It! program is open for enrollment for the 2021-2022 academic year, with the initiative encouraging environmental education and tree planting. Participants, including educators and youth leaders, can receive free seedlings and wildflower seed packets to support pollinator gardens. The upcoming Arbor Day on April 29, 2022 and National Wildflower Week from May 1-7, 2022 will coincide with this initiative. Since its inception in 2007, over 730,000 seedlings and seed packets have been distributed, with 102,000 expected in April 2022.
Southwest Gas Holdings has announced the expiration of the Hart-Scott-Rodino Antitrust Improvements Act waiting period, which allows the company to proceed with its acquisition of Dominion Energy Questar Pipeline and its affiliates. This acquisition is expected to close on or before December 31, 2021, pending other customary closing conditions. The transaction will enhance Southwest Gas's capabilities in natural gas distribution and infrastructure services across North America, and is anticipated to provide significant operational synergies.
Dominion Energy is raising awareness about utility scams during Utility Scam Awareness Week (Nov. 15-20). Customers are warned about scam calls, particularly around the holidays. The company advises customers to recognize signs of scams, such as threats of service disconnection and demands for immediate payments. Key tips include slowing down, stopping payments via prepaid cards, hanging up on suspicious calls, and verifying claims through official channels. Additionally, Dominion Energy emphasizes its support for customers facing financial hardships.
Dominion Energy has filed plans with the Virginia State Corporation Commission for the 2.6-gigawatt Coastal Virginia Offshore Wind (CVOW) project, the largest offshore wind initiative in the U.S. This project aims to provide clean energy for up to 660,000 homes and represents a $9.8 billion investment. Expected benefits include approximately 900 jobs during construction and 1,100 jobs post-operation, along with significant tax revenues and economic benefits. Customer costs are projected to be around $4 per month, influenced by federal tax credits and operational savings.
Dominion Energy reported a net income of $654 million ($0.79 per share) for Q3 2021, doubling from $356 million ($0.41 per share) in Q3 2020. Operating earnings slightly increased to $918 million ($1.11 per share) from $916 million ($1.08 per share) year-over-year. The company has narrowed its full-year 2021 operating earnings guidance to $3.80 to $3.90 per share, anticipating results above the midpoint if weather remains normal. A third-quarter earnings call is scheduled for Nov. 5, 2021.
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