Dominion Energy Q4 Earnings: What the Results Mean for the AI Power Boom

Core Insights - Dominion Energy reported Q4 2025 revenue of $4.09 billion, a 20% increase year-over-year, driven by rising electricity demand from data centers in northern Virginia [1] - The company's net income rose significantly to $567 million from $59 million in Q4 2024, while operating income nearly doubled to $756 million [1] - The Virginia segment, which is the largest for Dominion, generated $536 million in operating earnings, with customer usage growth in Loudoun County being a key factor [1] Financial Performance - Q4 2025 revenue reached $4.09 billion, marking a 20% increase compared to the previous year [1] - Net income surged to $567 million, a substantial rise from $59 million in Q4 2024 [1] - Operating income nearly doubled to $756 million year-over-year [1] Future Guidance - Management provided guidance for 2026, projecting operating EPS between $3.45 and $3.69, with an expected long-term annual growth rate of 5% to 7% through 2030, leaning towards the upper half from 2028 onward [1] - The ex-dividend date is set for February 27, 2026, with a current yield of approximately 4.1% [1] Project Challenges - The Coastal Virginia Offshore Wind project incurred $258 million in unrecoverable cost charges [1] - Interest expenses increased to $509 million in Q4 from $444 million a year ago [1] - Analysts are closely monitoring data center load growth projections and cost recovery for the Coastal Virginia Offshore Wind project during the earnings call [1]