Financial Data and Key Metrics Changes - The company reported first quarter operating earnings of $0.93 per share, which includes $0.03 from better than normal weather, $0.02 from RNG 45Z income, and $0.02 from better than expected sales [6][7] - GAAP results for the first quarter were $0.75 per share, and the company affirmed its financial guidance for 2025 operating earnings per share of $3.28 to $3.52, with a midpoint of $3.40 [6][7] - Approximately $1 billion of forward settled common equity was sold under the existing ATM program at a weighted average price of about $57 [7] Business Line Data and Key Metrics Changes - The Coastal Virginia offshore wind project is 55% complete and is on schedule for first electricity delivery in early 2026 and full completion by the end of next year [10][11] - The project has created approximately 2,000 direct and indirect jobs and generated $2 billion in economic activity [11] - The project’s updated cost is $10.8 billion, which is expected to increase residential customer bills by an average of $0.04 per month over the life of the project [15] Market Data and Key Metrics Changes - The company has approximately 40 gigawatts of data center capacity in various stages of contracting, with about 10 gigawatts contracted under electric service agreements [8] - There has been no observed evidence of slowing demand from data center customers across the service area [8] Company Strategy and Development Direction - The company focuses on achieving financial commitments, timely construction milestones for the Coastal Virginia offshore wind project, and constructive regulatory outcomes [5][22] - The company aims to provide reliable, affordable, and increasingly clean energy to its customers [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the ability to deliver on the financial plan and noted that the financial guidance is conservatively built to weather unforeseen challenges [8][9] - The regulatory landscape is supportive, with a proposed new rate class for high energy users, including data centers, to ensure they pay their fair share [17][75] Other Important Information - The company experienced a tragedy with the loss of a colleague, emphasizing its commitment to safety as a core value [9][10] - Diane Leopold, Executive VP & COO, announced her retirement effective June 1, marking her last earnings call [21] Q&A Session Summary Question: Can you provide insights on the Coastal Virginia offshore wind project and tariff impacts? - Management confirmed that suppliers are performing well, and there are no changes to delivery schedules due to tariffs [29][30] Question: What is the current status of monopile installations? - The monopile installation season has begun, with an expected pace of about 25 installations per month [32] Question: Any updates on permitting and regulatory interactions? - Management stated that they are fully permitted and have ongoing constructive conversations with regulatory agencies [40] Question: How is data center demand looking? - Demand remains high, with customers planning expansions well into the 2030s [66][67] Question: Can you elaborate on the new tariff structure for high energy users? - The new rate class focuses on minimum demand charges and aims to ensure that high energy users pay their fair share [73][75] Question: What are the expectations regarding PJM network cost upgrades? - Management does not expect significant changes in costs and will have final numbers in July [102] Question: How is the company managing tariff impacts across its business? - The company has diversified its supply chain and placed orders ahead of tariff effective dates to mitigate cost increases [46][48]

Core Insights - Dominion Energy reported quarterly earnings of $0.93 per share, exceeding the Zacks Consensus Estimate of $0.77 per share, and showing an increase from $0.55 per share a year ago, resulting in an earnings surprise of 20.78% [1] - The company generated revenues of $4.08 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 6.76%, compared to $3.63 billion in the same quarter last year [2] - The stock has added about 1% since the beginning of the year, while the S&P 500 has declined by 5.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.77 on revenues of $3.68 billion, and for the current fiscal year, it is $3.38 on revenues of $15.28 billion [7] - The estimate revisions trend for Dominion Energy is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Dominion Energy belongs, is currently ranked in the top 14% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Fortis, another company in the same industry, is expected to report quarterly earnings of $0.69 per share, with revenues anticipated to be $2.38 billion, reflecting a 2.9% increase from the previous year [9][10]

Financial Performance & Guidance - Q1 2025 operating earnings per share was $0.93, which includes $0.03 of favorable weather impact and $0.02 of RNG 45Z income[8] - The company reaffirmed its 2025 guidance midpoint of $3.40 per share, with a range of $3.28 to $3.52 per share, including approximately $0.10 per share from RNG 45Z income[8] - Long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS excluding RNG 45Z income ($3.30)[8] - The 2025 dividend is expected to be $2.67 per share[8] - The capital investment plan for 2025-2029 is approximately $50 billion[8] Capital Raising Activities - Dominion Energy Virginia is expected to issue $2.0-$2.5 billion in fixed income, with $1.3 billion already issued YTD and $0.7-$1.2 billion remaining[10] - Dominion Energy South Carolina has issued $0.5 billion in fixed income, completing its guidance[10] - DEI hybrid fixed income issuance is guided at $1.0-$2.0 billion, with none issued YTD[10] - DEI other fixed income issuance is guided at $2.0-$3.0 billion, with $1.5 billion issued YTD and $0.5-$1.5 billion remaining[10] - At-the-market ("ATM") common equity activities have resulted in $1.03 billion issued YTD, completing the $1.0 billion guidance[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 55% complete and remains on schedule for full completion by the end of 2026[13, 14] - The project has created approximately 2,000 direct and indirect American jobs and generated approximately $2 billion in American economic activity[13] - The total project costs, including contingency, are now estimated at $10.8 billion, which includes $123 million of estimated tariffs[27, 30] - Dominion Energy's remaining amount to be funded for CVOW is approximately $2.0 billion[30]

Financial Performance - First-quarter 2025 GAAP net income was $646 million, or $0.75 per share, compared to $441 million, or $0.50 per share, in the same period of 2024, representing a 46.5% increase in net income[1][9][16]. - Operating earnings (non-GAAP) for the first quarter of 2025 were $803 million, or $0.93 per share, up from $485 million, or $0.55 per share, in the prior year, indicating a 65.3% increase[2][18]. - Operating revenue for the first quarter of 2025 was $4.076 billion, compared to $3.632 billion in the same period of 2024, reflecting an increase of 12.2%[16]. - Total operating expenses for the first quarter of 2025 were $2.853 billion, slightly up from $2.799 billion in the prior year, resulting in a 1.9% increase[16]. - Income from operations for the first quarter of 2025 was $1.223 billion, compared to $833 million in the same period of 2024, marking a significant increase of 47%[16]. - Reported earnings for Q1 2025 were $646 million, with operating earnings (non-GAAP) at $803 million[22]. - Reported earnings per share (EPS) for Q1 2025 was $0.75, while operating EPS (non-GAAP) was $0.93[22]. - Year-to-date (YTD) 2025 reported earnings reflect a significant increase of $205 million compared to the same period in 2024[30]. Segment Performance - The Dominion Energy Virginia segment reported operating earnings of $561 million, up from $424 million in the previous year, a growth of 32.5%[18]. - The Dominion Energy South Carolina segment saw operating earnings rise to $152 million from $80 million, representing a 90% increase[18]. - The Corporate and Other segment improved its performance, reporting a loss of $19 million compared to a loss of $141 million in the prior year, a positive change of $122 million[18]. Adjustments and Losses - The company reported a pre-tax net loss of $216 million in adjustments included in reported earnings, primarily due to a $110 million net market loss related to nuclear decommissioning trusts[21]. - Adjustments to reported earnings included a pre-tax loss of $216 million, primarily due to severe weather impacts and regulated asset retirements[22]. - The company reported a $5 million net market loss primarily associated with pension and OPEB plans[29]. - Adjustments to reported earnings for 2024 included a pre-tax net loss of $410 million, primarily related to various operational impacts[24]. - Regulated asset retirements and other charges totaled $276 million, impacting the financial results significantly[29]. Future Outlook - The company affirms its full-year 2025 operating earnings guidance range of $3.28 to $3.52 per share, maintaining all financial guidance provided in the fourth quarter 2024 earnings call[4][9]. - The company anticipates continued focus on market expansion and new technology development in future quarters[30].

Core Viewpoint - Dominion Energy presents attractive features for dividend investors despite concerns over past management decisions and dividend cuts [1][5] Group 1: Dividend Performance - Dominion Energy projected continued dividend growth before selling pipeline assets to Berkshire Hathaway, leading to a material cash flow loss and a subsequent dividend reset [2] - The company made a single dividend increase before conducting a year-long business review, resulting in further asset sales without cutting the dividend, but indicating a need to strengthen the balance sheet before resuming dividend growth [4][5] - The 2025 dividend guidance is set at $2.67 per share, the same as in 2024, indicating that the company's revamp is still ongoing despite reasonable overall business performance [5] Group 2: Investment Appeal - Dominion Energy offers a dividend yield of 5%, significantly higher than the average utility yield of around 2.9%, enhancing income for dividend investors [7] - The company projects 5% to 7% earnings growth supported by a $50 billion capital investment plan, which is a 16% increase from the previous year [8] - Key components of the capital investment plan include renewable energy projects and assets for data centers and AI, with a notable 88% increase in demand from data centers in Virginia between July and December 2024 [9] Group 3: Future Outlook - Long-term dividend investors may find it wise to invest in Dominion Energy now, as the company has streamlined its operations and is focused on executing its growth plan [10] - The elevated yield provides a generous return while waiting for the anticipated return of dividend growth, which could lead to a higher valuation from Wall Street once it occurs [10]

Dominion Energy Inc. (D) is expected to report an improvement in the bottom line when it reports first-quarter 2025 results on May 1, before market open. (See the Zacks Earnings Calendar to stay ahead of market-making news.)The Zacks Consensus Estimate for D’s first-quarter revenues is pegged at $3.85 billion, indicating a 6.02% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at 77 cents per share. The Zacks Consensus Estimate for D’s first-quarter earnings indicates ...

Wall Street analysts expect Dominion Energy (D) to post quarterly earnings of $0.77 per share in its upcoming report, which indicates a year-over-year increase of 40%. Revenues are expected to be $3.85 billion, up 6% from the year-ago quarter. The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Before a company ...

Core Insights - Dominion Energy has undergone a significant transformation over the past decade, focusing on expanding its regulated utility operations while divesting from other energy businesses to fund these investments [1][2] Investment Strategy and Performance - Ten years ago, Dominion Energy had a diversified portfolio, which included power generation assets and natural gas infrastructure, positioning it for growth in earnings and dividends [2] - An initial investment of $10,000 would have decreased to approximately $7,300 today, but with reinvested dividends, the total return would be around $11,150, reflecting a modest annualized return of 1.1% [3] - The company made substantial acquisitions, including Quester in 2016 and SCANA in 2018, to accelerate its growth strategy [4] Strategic Challenges - Dominion Energy overextended itself financially, leading to asset sales to manage debt, including significant divestitures to Berkshire Hathaway in 2020 and other transactions in subsequent years [5] - The company cut its dividend by 33% in 2020 to conserve cash for debt reduction and to invest in its electric utility businesses, highlighting the impact of its strategic decisions on shareholder returns [5] - The overall performance indicates that aggressive growth strategies do not always yield positive results, emphasizing the need for careful expansion to enhance shareholder value [6]

Core Insights - The focus on artificial intelligence (AI) stocks has primarily been on semiconductor companies like Nvidia, which has experienced price volatility despite its strong position in AI chip design [1] - Conservative investors can consider alternative investments in companies that support AI growth without directly investing in AI stocks [2] Group 1: Challenges in AI - AI technology, while impressive, has limitations such as generating inaccurate information and difficulties in rendering certain images [3] - A significant challenge for AI is its high energy consumption, with electricity demand from data centers projected to increase by 300% over the next decade [5][6] Group 2: Investment Opportunities - Bloom Energy is positioned to meet the urgent power needs of AI and data centers, with a $2.5 billion product backlog and a $9 billion service backlog as of the end of 2024 [9] - Dominion Energy, a regulated utility, is experiencing a surge in demand for data center connections, with requests increasing by 88% in less than six months, which is likely to lead to earnings growth of 5% to 7% annually [11] - Brookfield Renewable focuses on clean energy solutions and has a multi-year, 10.5-gigawatt deal with Microsoft to support AI data centers, indicating strong growth potential in both clean energy and AI [13]

Core Insights - The article emphasizes the importance of generating extra dividend income, especially in the current economic climate with rising costs. It suggests that certain stocks can provide stable and robust returns despite market uncertainties. Group 1: Verizon Communications - Verizon offers a high dividend yield of 6.2%, significantly above the S&P 500 average of 1.5%, making it an attractive investment for dividend seekers [3][4] - The company reported nearly $19 billion in free cash flow last year, which comfortably covered its $11.2 billion dividend payout, indicating strong financial health [4] - Verizon's stock has appreciated by 11% over the past year, and its low beta suggests stability, making it a solid long-term investment for income-focused investors [5] Group 2: Toronto-Dominion Bank - Toronto-Dominion Bank provides a dividend yield of 5%, translating to $800 in annual dividends from a $16,000 investment, appealing primarily to dividend investors [6] - The bank faces growth limitations in the U.S. market due to a $3 billion fine related to money laundering violations, impacting its near-term earnings [7] - Despite challenges, TD Bank has a long history of dividend payments since 1857 and remains a stable investment option, with its stock rising by 7% in the past year [8] Group 3: Dominion Energy - Dominion Energy offers a dividend yield of around 5%, also generating $800 in annual dividends from a $16,000 investment, contributing to a total of $2,600 in annual dividends from the three stocks [9] - The utility company reported $14.5 billion in operating revenue last year, showing slight growth from the previous year, and maintains a stable income stream from its essential services [10] - Despite some impairment charges, Dominion's operating income was $3.2 billion, representing 22% of its revenue, highlighting its high-margin business model and stability [11]