Coastal Virginia Offshore Wind (CVOW) Project
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Dominion Energy(D) - 2025 Q2 - Earnings Call Presentation
2025-08-01 14:00
Financial Performance and Guidance - Q2 2025 operating earnings per share was $075, which includes $002 from RNG 45Z income and $001 from favorable weather impact[8] - The company reaffirmed its 2025 guidance midpoint of $340 per share, including approximately $010 per share from RNG 45Z income[8] - The long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS, excluding RNG 45Z income ($330)[8] - The 2025 dividend is expected to be $267 per share[8] Capital Activities - Dominion Energy Virginia is expected to issue $20-$25 billion in fixed income, with $13 billion already issued YTD[10] - Dominion Energy South Carolina has issued $05 billion in fixed income YTD, completing its guidance[10] - The company plans to issue $10 billion in 2025 and $06 billion in 2026 through At-The-Market (ATM) common equity offerings, with both amounts already issued YTD[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 60% complete and remains on schedule for full completion by the end of 2026[16, 18] - The project is expected to deliver nearly 3 GW to Virginia's grid[16] - The total project costs, including financing, are estimated at $715 million[25] - The current capital budget for CVOW is $109 billion, which includes $193 million of estimated tariffs[30]
Dominion Energy(D) - 2025 Q1 - Earnings Call Presentation
2025-05-01 11:41
Financial Performance & Guidance - Q1 2025 operating earnings per share was $0.93, which includes $0.03 of favorable weather impact and $0.02 of RNG 45Z income[8] - The company reaffirmed its 2025 guidance midpoint of $3.40 per share, with a range of $3.28 to $3.52 per share, including approximately $0.10 per share from RNG 45Z income[8] - Long-term operating EPS growth rate is projected at 5%-7% off 2025 operating EPS excluding RNG 45Z income ($3.30)[8] - The 2025 dividend is expected to be $2.67 per share[8] - The capital investment plan for 2025-2029 is approximately $50 billion[8] Capital Raising Activities - Dominion Energy Virginia is expected to issue $2.0-$2.5 billion in fixed income, with $1.3 billion already issued YTD and $0.7-$1.2 billion remaining[10] - Dominion Energy South Carolina has issued $0.5 billion in fixed income, completing its guidance[10] - DEI hybrid fixed income issuance is guided at $1.0-$2.0 billion, with none issued YTD[10] - DEI other fixed income issuance is guided at $2.0-$3.0 billion, with $1.5 billion issued YTD and $0.5-$1.5 billion remaining[10] - At-the-market ("ATM") common equity activities have resulted in $1.03 billion issued YTD, completing the $1.0 billion guidance[11] Coastal Virginia Offshore Wind (CVOW) Project - The CVOW project is approximately 55% complete and remains on schedule for full completion by the end of 2026[13, 14] - The project has created approximately 2,000 direct and indirect American jobs and generated approximately $2 billion in American economic activity[13] - The total project costs, including contingency, are now estimated at $10.8 billion, which includes $123 million of estimated tariffs[27, 30] - Dominion Energy's remaining amount to be funded for CVOW is approximately $2.0 billion[30]