Dominion Energy Q3 Earnings & Revenues Beat, '25 EPS Guidance Narrowed

Core Insights - Dominion Energy Inc. reported third-quarter 2025 operating earnings of $1.06 per share, exceeding the Zacks Consensus Estimate of 93 cents by nearly 14% and reflecting an 8.16% increase from the previous year [1] - The company's revenues reached $4.52 billion, surpassing the Zacks Consensus Estimate of $4.19 billion by 8.03% and showing a 14.8% increase from $3.94 billion in the same quarter last year [3] Financial Performance - GAAP earnings were reported at $1.16 per share, compared to $1.09 in the year-ago quarter, with differences attributed to various adjustments including nuclear decommissioning trust funds and economic hedging activities [2] - Total operating expenses rose 17.1% year over year to $3.18 billion, driven by increased electric fuel and energy-related purchases [4] - Operating net earnings for the quarter were $921 million, marking a 10.2% year-over-year increase [5] Segment Performance - Dominion Energy Virginia reported net income of $679 million, up 2.6% year over year [6] - Dominion Energy South Carolina's net income increased by 14.3% to $168 million [6] - Contracted Energy segment saw a significant increase in net income by 98.8%, reaching $165 million [6] - The Corporate and Other segment reported a net loss of $91 million, wider than the previous year's loss of $56 million [6] Balance Sheet and Cash Flow - Current assets as of September 30, 2025, were $932 million, a significant increase from $310 million as of December 31, 2024 [7] - Total long-term debt increased to $37.17 billion from $33.03 billion over the same period [7] - Cash provided from operating activities for the first nine months of 2025 was $4.37 billion, consistent with the previous year [7] Guidance and Future Outlook - Dominion Energy narrowed its 2025 operating earnings guidance to a range of $3.33 to $3.48 per share, with the Zacks Consensus Estimate at $3.40 per share [8] - The company maintains a long-term annual operating earnings growth guidance of 5-7% from 2025 operating earnings per share [8] - Planned investments for the period of 2025-2029 are projected at $50 billion [8]