Dominion Energy, Inc. Q4 2025 Earnings Call Summary

Management attributed 2025 outperformance to high-quality earnings and robust credit results, achieving the highest CFO pre-working-capital to debt metric since 2012. The 30% increase in the five-year capital plan to $65 billion is driven primarily by Dominion Energy Virginia, home to the world's largest data center market. Data center demand is characterized as 'high quality' and 'low risk' because forecasts are based on 20-plus gigawatts of signed Electrical Service Agreements (ESAs) rather than pre ...