Dominion Energy reported second-quarter 2026 GAAP net income attributable to Dominion Energy of $340 million, equal to $0.37 per diluted share, and operating (non-GAAP) earnings of $712 million, or $0.79 per diluted share. Revenue for the quarter was $4.48 billion and the company reiterated full-year 2026 operating earnings guidance of $3.45 to $3.69 per share (midpoint $3.57). Management will host a webcast and telephonic earnings call on July 31, 2026 to discuss results.

Financial Highlights

  • Operating revenue: $4,480 million for the three months ended June 30, 2026.
  • Operating expenses (total): $4,151 million for the quarter (as presented on consolidated statements).
  • Operating earnings (non-GAAP): $712 million, or $0.79 per diluted share, for Q2 2026 (up from $649 million / $0.75 in Q2 2025).
  • Reported (GAAP) net income attributable to Dominion Energy: $340 million, or $0.37 per diluted share, for Q2 2026 (compared with $760 million / $0.88 in Q2 2025).
  • Company reaffirms full-year 2026 operating earnings guidance of $3.45 to $3.69 per share (midpoint $3.57) and all previously provided financial guidance from its Q4 2025 earnings call.

Business Highlights

  • Segment performance: Dominion Energy Virginia contributed $670 million to operating earnings for the quarter, an increase of $121 million year-over-year; Dominion Energy South Carolina contributed $105 million.
  • Contracted Energy segment contributed $31 million to operating earnings in Q2 2026 and $150 million year-to-date, reflecting contracted operations and energy margin activity.
  • Adjustments excluded from operating earnings included mark-to-market and market-related items such as nuclear decommissioning trust fund gains/losses and economic hedging impacts, regulated asset retirement charges related to the Coastal Virginia Offshore Wind commercial project, and nonregulated asset impairments (notably charges associated with certain nonregulated renewable natural gas and solar assets).
  • Notable operational items affecting comparatives: impacts from the 2025 Biennial Review, rider equity returns, and weather-related effects influenced Dominion Energy Virginia results; Millstone planned and unplanned outages affected Contracted Energy margins and operations.
  • Corporate and other items included interest and related charges (interest expense of $555 million for the quarter) and adjustments associated with equity method investments and pension/OPEB mark-to-market effects that were excluded from operating earnings.

Original SEC Filing:

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