FirstEnergy Enhances Leadership Team with Appointment of Hannah Turner as Vice President, Transmission Finance [Accessibility Statement] Skip NavigationIndustry veteran to guide financial strategy for FirstEnergy TransmissionAKRON, Ohio, Feb. 26, 2026 /PRNewswire/ -- FirstEnergy Corp. (NYSE: FE) has named Hannah Turner as Vice President, Transmission Finance, where she will oversee financial operations and regulatory support for FirstEnergy Transmission LLC (FET), Keystone Appalachian Transmission Company ( ...

February 19, 2026 05:01 AM GMT AI Infrastructure Identifying Key Beneficiaries Across the Natural Gas Value Chain from AI/Data Center Development M Leveraging the insights of AlphaWise, we estimate that AI data center development will drive +4.8 Bcf/d of incremental domestic natural gas demand by 2030, concentrated in Appalachia/PJM. We identify key beneficiaries across the natural gas value chain. Key Takeaways We introduce a new geospatial analysis of AI-driven data center development that provides increm ...

Core Insights - Dominion Energy reported a revenue of $4.09 billion for the quarter ended December 2025, marking a 20.4% increase year-over-year and exceeding the Zacks Consensus Estimate by 14.9% [1] - The company's EPS for the quarter was $0.68, up from $0.58 in the same quarter last year, surpassing the consensus estimate of $0.64 by 5.59% [1] Revenue Performance - Total operating revenue for Dominion Energy Virginia was $3.02 billion, exceeding the average estimate of $2.5 billion by analysts, representing a year-over-year increase of 23.5% [4] - Total operating revenue for Contracted Energy reached $330 million, surpassing the average estimate of $255.25 million, with a year-over-year change of 28.4% [4] - Total operating revenue for Dominion Energy South Carolina was $846 million, compared to the average estimate of $790.89 million, reflecting a year-over-year increase of 5.6% [4] Stock Performance - Dominion Energy's shares have returned +10.7% over the past month, outperforming the Zacks S&P 500 composite's +1.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]

Core Viewpoint - Dominion Energy is a significant player in the utility sector, focusing on electric power and natural gas, with a strong presence in the U.S. energy market [1] Financial Performance - Dominion Energy reported an EPS of $0.68 for the quarter ending December 2025, surpassing the estimated EPS of $0.66, consistent with its trend of exceeding expectations [2][6] - The company's revenue for the same quarter was approximately $4.09 billion, exceeding the estimated $3.64 billion, representing a 14.90% increase over the Zacks Consensus Estimate and a rise from $3.4 billion in the previous year [3][6] Strategic Outlook - Despite strong quarterly results, Dominion Energy has projected its annual profit to fall short of Wall Street expectations, but it plans a nearly 30% increase in its five-year capital spending to meet rising electricity demand, particularly from AI infrastructure [4][6] Market Position - The company has a P/E ratio of approximately 23.53, a price-to-sales ratio of about 3.48, and a debt-to-equity ratio of 1.75, indicating financial leverage [5] - A current ratio of 0.84 suggests the company's ability to cover short-term liabilities [5]

U.S. stocks traded lower midway through trading, with the Dow Jones index dipping more than 700 points on Monday.The Dow traded down 1.46% to 48,901.83 while the NASDAQ fell 1.03% to 22,650.14. The S&P 500 also fell, dropping, 0.95% to 6,843.89.Check This Out: How To Earn $500 A Month From Goldman Sachs Stock Ahead Of Q4 EarningsLeading and Lagging SectorsConsumer staples shares gained by 1.2% on Monday.In trading on Monday, financials stocks fell by 3.2%.Top HeadlineThe company posted operating earnings, a ...

For 2026, Dominion Energy guided to operating earnings per share (excluding RNG 45Z credit income) of $3.40 to $3.60 , with a midpoint of $3.50 . Ridge said the midpoint implies a 6.1% increase versus the comparable 2025 guidance midpoint of $3.30, despite 2026 being a “double outage year” at Millstone. Including RNG 45Z income, total operating earnings guidance midpoint was presented as $3.57 per share .Ridge also pointed to credit performance, saying the company’s estimate of Moody’s CFO pre-working capit ...

Key Takeaways Dominion Energy's Q4 EPS rose 17.2% to 68 cents, surpassing estimates by 6.3%.D's Q4 revenue of $4.09B topped estimates by 14.9%, up 20.4% YoY.Dominion Energy connected 11 new data centers in Virginia in 2025, with 13 planned for 2026.Dominion Energy Inc. (D) delivered fourth-quarter 2025 operating earnings of 68 cents per share, which beat the Zacks Consensus Estimate of 64 cents by 6.3%. The bottom line increased 17.2% from the year-ago quarter's level. GAAP earnings were 65 cents per share ...

Financial Data and Key Metrics Changes - Dominion Energy reported full year 2025 operating earnings of $3.42 per share, exceeding the midpoint of guidance, with GAAP earnings at $3.45 per share [6][8] - The company expects 2026 operating earnings per share, excluding RNG 45Z credit income, to be between $3.40 and $3.60, representing a 6.1% increase from the 2025 guidance midpoint of $3.30 [9][14] - The estimated CFO pre-working capital to debt ratio is nearly 100 basis points above the downgrade threshold, marking the highest result since 2012 [8] Business Line Data and Key Metrics Changes - The Coastal Virginia Offshore Wind project is over 70% complete, with first power expected by the end of March 2026 [20][21] - The project budget stands at $11.5 billion, including a contingency of $155 million [22] - The data center pipeline has grown to over 48 GW, an increase of approximately 1.4 GW or 3% since September 2025 [30] Market Data and Key Metrics Changes - Weather-normal sales in Dominion Energy Virginia increased by 5.4% in 2025, with all top 20 peak demand days occurring in the last 14 months [10] - Customer rates at Dominion Energy Virginia and South Carolina remain lower than the national average, with expected increases of around 2.6% and 2.8% respectively [26] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, major construction milestones for the Coastal Virginia Offshore Wind project, and constructive regulatory outcomes [5] - A significant increase in the 5-year capital investment forecast from $50 billion to approximately $65 billion, primarily at Dominion Energy Virginia, is aimed at meeting growing customer demand [11][12] - The company aims for a long-term operating earnings per share growth rate of 5%-7% annually, with a bias towards the upper half of that range starting in 2028 [14][15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the execution of their plan, despite facing both tailwinds and headwinds [17] - The company is committed to maintaining competitive rates while improving operational efficiency and customer service [28] - Management highlighted the importance of regulatory and construction execution, stable financing markets, and customer affordability in achieving future growth [16] Other Important Information - The company achieved record-setting safety performance in 2025, with an OSHA recordable rate of 0.26 [20] - The Virginia State Corporation Commission approved the Certificate of Public Convenience and Necessity for the Chesterfield Energy Reliability Center, expected to cost approximately $1.5 billion [35] Q&A Session Summary Question: EPS growth and CapEx increase - Management noted that the EPS growth guidance reflects a conservative approach, with adjustments made for Section 45Z credits and the impact of Millstone's pricing post-PPA expiration [44][47] Question: Data center ramp and CapEx outlook - Management confirmed that data center expectations are based on historical performance and existing contracts, with a focus on deploying capital to support long-term financial performance [50][53] Question: CVOW turbine installation cadence - Management indicated that the majority of turbine installations are expected in 2026, with a target of approximately 2.25 days per installation [63] Question: Utility capital plan and PJM transmission - Management confirmed that the PJM transmission projects are included in the capital plan, with a portfolio approach extending beyond 2030 [72][76] Question: Dividend payout considerations - Management acknowledged the trend of peers reducing payout ratios and indicated that this will be considered when making future decisions on dividend growth [77] Question: New nuclear technology evaluation - Management is still evaluating new nuclear technology and does not currently have capital allocated for small modular reactors in the 5-year plan [78]

Financial Data and Key Metrics Changes - For the full year 2025, operating earnings were reported at $3.42 per share, exceeding the midpoint of guidance, while GAAP earnings were $3.45 per share, higher than operating EPS [6][8] - The company expects 2026 operating earnings per share, excluding RNG 45Z credit income, to be between $3.40 and $3.60, with a midpoint of $3.50, representing a 6.1% increase from the 2025 guidance midpoint of $3.30 [9][14] Business Line Data and Key Metrics Changes - The Coastal Virginia Offshore Wind (CVOW) project is over 70% complete, with first power expected to be delivered by the end of March 2026 [20][21] - The project budget stands at $11.5 billion, including unused contingency of $155 million [22] Market Data and Key Metrics Changes - In 2025, weather-normal sales in the Dominion Energy Virginia LSE increased by 5.4%, indicating strong demand growth [10] - The company has over 48 GW in various stages of contracting for data center customers, reflecting a 3% increase from the previous quarter [30] Company Strategy and Development Direction - The company is focused on three principal priorities: achieving financial commitments, completing major construction milestones for CVOW, and achieving favorable regulatory outcomes [5] - A significant increase in the 5-year capital investment forecast from $50 billion to approximately $65 billion has been announced, with over 90% of this increase occurring at Dominion Energy Virginia [11][12] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on commitments and highlighted the importance of regulatory cooperation and customer affordability [5][39] - The company anticipates achieving upper half growth rates of 5%-7% starting in 2028, despite headwinds such as lower RNG production and higher financing costs [15][39] Other Important Information - The company achieved record-setting safety performance in 2025, with an OSHA recordable rate of 0.26 [20] - The Virginia State Corporation Commission approved the Certificate of Public Convenience and Necessity for the Chesterfield Energy Reliability Center, expected to cost approximately $1.5 billion [35] Q&A Session Summary Question: EPS growth and CapEx increase - Management explained that the EPS growth rate of 6% is influenced by the biennial rate increase in Virginia and a half-year impact from the South Carolina rate case, with a catch-up effect expected in 2026 [84] Question: Data center ramp and minimum taker pays - Management confirmed that data center expectations are based on historical performance and existing contracts, with a focus on deploying capital to support sales growth [51][53] Question: CVOW turbine installation cadence - Management indicated that the majority of turbine installations are expected in 2026, with a target of approximately 2.25 days per installation [63] Question: Dividend payout and growth timing - Management acknowledged the trend of peers reducing payout ratios and indicated that a final decision on dividend growth will be made considering current EPS growth rates [77] Question: New nuclear technology evaluation - Management stated that they are still evaluating new nuclear technology and do not have capital allocated for small modular reactors in the current 5-year plan [78]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | | | I.R.S. Employer | | --- | --- | --- | | Commission File Number | Exact name of registrants as specified in their charters | Identification Number | | | 001-0 ...