Dominion Energy(US:D)2025-10-31 11:31Financial Performance - Third-quarter 2025 GAAP net income was $1.0 billion ($1.16 per share), an increase from $934 million ($1.09 per share) in Q3 2024, representing a 7.1% year-over-year growth in net income [2][9]. - Operating earnings (non-GAAP) for Q3 2025 were $921 million ($1.06 per share), up from $836 million ($0.98 per share) in Q3 2024, reflecting a 10.2% increase [3][9]. - Operating revenue for Q3 2025 was $4.527 billion, compared to $3.941 billion in Q3 2024, marking a 14.9% increase [16]. - Total operating expenses for Q3 2025 were $3.188 billion, up from $2.723 billion in Q3 2024, indicating a 17.1% increase [16]. - Income from operations for Q3 2025 was $1.339 billion, compared to $1.218 billion in Q3 2024, reflecting a 9.9% increase [16]. - Net income attributable to Dominion Energy for Q3 2025 was $1.006 billion, compared to $934 million in Q3 2024, a 7.7% increase [16]. - Reported earnings for Q3 2025 were $1,006 million, an increase of $72 million (7.7%) compared to Q3 2024's $934 million [18]. - Operating earnings (non-GAAP) for Q3 2025 reached $921 million, up $85 million (10.2%) from $836 million in Q3 2024 [18]. - Earnings per share (EPS) for reported earnings in Q3 2025 was $1.16, a rise of $0.07 (6.4%) from $1.09 in Q3 2024 [18]. - Operating EPS for Q3 2025 was $1.06, an increase of $0.08 (8.2%) compared to $0.98 in Q3 2024 [18]. Segment Performance - Dominion Energy Virginia segment reported operating earnings of $679 million, up $17 million (2.6%) year-over-year [18]. - Dominion Energy South Carolina segment saw operating earnings increase by $21 million (14.3%) to $168 million in Q3 2025 [18]. - Contracted Energy segment reported a significant increase in operating earnings, rising by $82 million (98.8%) to $165 million [18]. Guidance and Future Outlook - The company narrowed its full-year 2025 operating earnings guidance to a range of $3.33 to $3.48 per share, maintaining the original midpoint of $3.40 per share [5][9]. - Dominion Energy expects to achieve or exceed the midpoint of its guidance range assuming normal weather conditions for the remainder of the year [5]. - Long-term operating earnings per share growth guidance is reaffirmed at 5% to 7% through 2029, based on a 2025 operating earnings per share midpoint of $3.30 [5]. - The company anticipates continued growth in operating earnings driven by strategic investments and market expansion initiatives [18]. Shareholder Information - Average shares outstanding, diluted, increased to 855.4 million in Q3 2025 from 839.3 million in Q3 2024 [16]. - Total common shares outstanding (average, diluted) increased to 855.4 million in Q3 2025 from 839.3 million in Q3 2024 [18]. Other Financial Metrics - The company reported a pre-tax loss of $146 million in Q3 2025, an improvement of $4 million from a loss of $150 million in Q3 2024 [18]. - Customer usage and other factors contributed an increase of $54 million, or $0.06 per share, for the three months ended September 30, 2025 [33]. - Rider equity return added $135 million, or $0.16 per share, for the three months ended September 30, 2025 [33]. - Change in contribution to operating earnings from Dominion Energy South Carolina was $21 million, or $0.02 per share, for the three months ended September 30, 2025 [33]. - Renewable energy investment tax credits contributed $41 million, or $0.05 per share, for the three months ended September 30, 2025 [33]. - Interest expense, net, decreased by $29 million, or $0.03 per share, for the three months ended September 30, 2025 [33]. - The overall change in consolidated operating earnings (non-GAAP) for the nine months ended September 30, 2025, was an increase of $485 million, or $0.55 per share, compared to the same period in 2024 [33]. - The company reported a total increase in consolidated reported earnings of $531 million, or $0.62 per share, for the nine months ended September 30, 2025 [33]. - The impact from renewable natural gas facilities was $25 million for the quarter and $36 million year-to-date [34].