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 announced the installation of the first monopile foundation for the Coastal Virginia Offshore Wind (CVOW) project. The 2.6-gigawatt wind farm, expected to be completed by late 2026, aims to provide clean energy to 660,000 homes and generate $3 billion in fuel savings over the first decade. The installation was carried out by DEME Group's Orion vessel, which employs advanced Vibro Hammer technology. The project has engaged over 800 Virginia-based workers and will create over 1,000 jobs for ongoing operations. Environmental precautions include seasonal installation pauses and bubble curtains to protect marine life.
Dominion Energy (NYSE: D) has declared a quarterly dividend of 66.75 cents per share of common stock, payable on June 20, 2024, to shareholders of record as of May 31, 2024. This marks the 385th consecutive dividend payment to common stockholders. The company's last quarterly dividend was declared on Jan. 26, 2024.
Dominion Energy, Inc. has announced a tender offer to purchase any and all of its outstanding 4.65% Series B Preferred Stock at a purchase price of $997.50 per share. The company plans to use the proceeds from a recent junior subordinated notes offering to fund the tender offer. The offer expires on June 4, 2024, with the Settlement Date expected to be on June 6, 2024.
Dominion Energy, Inc. announced first-quarter 2024 GAAP net income of $0.78 per share and operating earnings of $0.55 per share. The company affirms its full-year 2024 and 2025 operating earnings guidance. Dominion Energy will host a webcast to discuss recent financial results.
Dominion Energy, Inc. refutes claims of delay in the Coastal Virginia Offshore Wind (CVOW) project, stating they are false and misrepresentative. The company asserts that the project remains on track and within budget, dismissing the plaintiffs' petition as lacking merit.
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