Dominion Energy Q4 Earnings: Revenue Miss, Higher Costs, Weather Challenges And More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
0mins
Should l Buy D?
Source: Benzinga
Fourth Quarter Financial Performance: Dominion Energy reported fourth-quarter revenue of $3.4 billion, falling short of the expected $3.941 billion, while adjusted operating earnings increased to $504 million and adjusted EPS rose to $0.58, surpassing the consensus of $0.56.
Future Outlook and Dividends: The company revised its 2025 operating earnings guidance to a range of $3.28 – $3.52 per share and reaffirmed its long-term growth target of 5%–7% through 2029, alongside declaring a quarterly dividend of 66.75 cents per share.
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Analyst Views on D
Wall Street analysts forecast D stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for D is 64.36 USD with a low forecast of 59.00 USD and a high forecast of 70.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 64.650
Low
59.00
Averages
64.36
High
70.00
Current: 64.650
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. It is a developer and operator of regulated offshore wind and solar power and the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment is composed of Virginia Power’s regulated electric transmission, distribution, and generation operations, which serve homes and businesses in Virginia and North Carolina. Its Dominion Energy South Carolina segment consists of DESC’s generation, transmission, and distribution of electricity to customers in the central, southern and southwestern portions of South Carolina and the distribution of natural gas to residential, commercial and industrial customers in South Carolina. Its Contracted Energy segment includes non-regulated electric generation fleet and renewable natural gas operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
2026 Strong Men & Women in Virginia History Honorees Announced
- Honoree Recognition: The 2026 Strong Men & Women in Virginia History honorees include Corporate Attorney Sharon Bowen, posthumous U.S. Army Officer William Hughes Dillard, Civil Rights Pioneer Sheary Ann Darcus Johnson, and Public Health Advocate Florence Neal Cooper Smith, highlighting their significant contributions and impact in their respective fields.
- Student Creative Contest: Virginia high school students participated in a creative contest to honor outstanding African Americans, with winner Vrinda Shah designing a website to celebrate the legacy of Dr. Gladys Mae West, showcasing the younger generation's commitment to history and innovation.
- Exhibition Activities: The Library of Virginia will host a traveling exhibition featuring the honorees' biographies, aimed at educating the public about these remarkable leaders and enhancing community awareness and respect for history.
- Project Origins: Launched in 2013 by Dominion Energy and the Library of Virginia, this initiative merges two significant Black History Month programs, aiming to elevate awareness and respect for African American history through education.
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- Court Rulings Overturned: U.S. judges have overturned five orders from President Trump aimed at halting multi-billion-dollar offshore wind projects, with the most recent ruling involving a project off Long Island developed by Ørsted, indicating judicial support for wind energy initiatives.
- Project Resumption Progress: The same D.C.-based district judge previously allowed Ørsted to resume work on its Revolution Wind project off Rhode Island, reflecting a supportive judicial stance that may bolster investment confidence in offshore wind projects.
- Optimistic Industry Outlook: Other projects by Dominion Energy, Equinor, and Iberdrola have also prevailed in court, demonstrating the resilience of the offshore wind industry in the face of regulatory pressures, suggesting a positive outlook for future developments in this sector.
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- Surging Power Demand: The company serves over 3.6 million homes and businesses in Virginia and North Carolina, experiencing a spike in electricity demand that is expected to drive annual revenue growth exceeding 25%, solidifying its leadership position in the utility sector.
- Dividends and Financial Health: While Dominion's dividend yield stands at approximately 4.3%, its high payout ratio of 87% raises concerns; however, its record of 392 consecutive quarters of dividends reflects stable cash flows, bolstering investor confidence.
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Comparative Analysis of Enbridge and Dominion Energy's Green Strategies
- Dominion's Market Advantage: Dominion Energy serves over 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, with renewable projects generating over 2,500 megawatts of power, enough for 625,000 homes, highlighting its strong growth potential in the green energy sector amid surging data center demand.
- Stable Financial Performance: Dominion's earnings per share (EPS) rose 6% year-over-year to $1.16, with operating earnings increasing 10% to $921 million, and management expects annual EPS growth of 5% to 7% over the next five years, supporting its ongoing dividend payments.
- Enbridge's Transition Challenges: While Enbridge still relies heavily on fossil fuel operations for about 60% of its revenue, its renewable energy segment saw EBITDA rise 16% year-over-year to $100 million, indicating potential in its green energy transition efforts.
- Dividend Appeal: Enbridge offers a dividend yield of approximately 5.4%, and despite a payout ratio exceeding 100%, management is committed to increasing dividends, making it an attractive option for income-focused investors.
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Dominion Energy: An Investment Opportunity in AI Infrastructure
- Growing Power Demand: As AI infrastructure rapidly expands, Dominion Energy plays a crucial role in Virginia's data center market, supplying power to over 35% of the world's hyperscale data centers, which drives sustained revenue growth for the company.
- Strong Customer Demand: CEO Robert Blue noted that there is a continued appetite for additional power supply from data center customers, with 450 data centers already connected, which is expected to further boost sales and enhance market competitiveness.
- Improved Profitability: In the third quarter, Dominion Energy's operating earnings rose 10.2% year-over-year to $921 million, with earnings per share increasing by 8% to $1.06, and management projects annualized EPS growth of 5% to 7% through 2029, indicating robust profitability.
- Attractive for Investors: With a current dividend yield of 4.4% and a price-to-earnings ratio of 19.9, which is lower than the Nasdaq-100 and S&P 500, Dominion Energy's stock appears undervalued, making it appealing to income-focused investors.
See More
2026 Strong Men & Women in Virginia History Honorees Announced
- Honoree Recognition: The 2026 Strong Men & Women in Virginia History honorees include Corporate Attorney Sharon Bowen, posthumous U.S. Army Officer William Hughes Dillard, Civil Rights Pioneer Sheary Ann Darcus Johnson, and Public Health Advocate Florence Neal Cooper Smith, highlighting their significant contributions and impact in their respective fields.
- Student Creative Contest: Virginia high school students participated in a creative contest to honor outstanding African Americans, with winner Vrinda Shah designing a website to celebrate the legacy of Dr. Gladys Mae West, showcasing the younger generation's commitment to history and innovation.
- Exhibition Activities: The Library of Virginia will host a traveling exhibition featuring the honorees' biographies, aimed at educating the public about these remarkable leaders and enhancing community awareness and respect for history.
- Project Origins: Launched in 2013 by Dominion Energy and the Library of Virginia, this initiative merges two significant Black History Month programs, aiming to elevate awareness and respect for African American history through education.
See More
Trump Administration to Appeal Rulings Blocking Offshore Wind Farms
- National Security Concerns: U.S. Secretary of the Interior Doug Burgum stated that the Trump administration's crackdown on the offshore wind industry is not an ideological attack but a genuine concern regarding national security risks, claiming that offshore wind farms could interfere with radar systems, making the U.S. more vulnerable to drone attacks.
- Court Rulings Overturned: U.S. judges have overturned five orders from President Trump aimed at halting multi-billion-dollar offshore wind projects, with the most recent ruling involving a project off Long Island developed by Ørsted, indicating judicial support for wind energy initiatives.
- Project Resumption Progress: The same D.C.-based district judge previously allowed Ørsted to resume work on its Revolution Wind project off Rhode Island, reflecting a supportive judicial stance that may bolster investment confidence in offshore wind projects.
- Optimistic Industry Outlook: Other projects by Dominion Energy, Equinor, and Iberdrola have also prevailed in court, demonstrating the resilience of the offshore wind industry in the face of regulatory pressures, suggesting a positive outlook for future developments in this sector.
See More
Dominion Energy and Enbridge's Green Energy Strategies
- Renewable Energy Investment: Dominion Energy plans to invest $50 billion over the next five years, with over 80% allocated for zero-carbon power generation and grid modernization, aiming to meet the surging demand from data centers and enhance its competitive edge in the green energy market.
- Surging Power Demand: The company serves over 3.6 million homes and businesses in Virginia and North Carolina, experiencing a spike in electricity demand that is expected to drive annual revenue growth exceeding 25%, solidifying its leadership position in the utility sector.
- Dividends and Financial Health: While Dominion's dividend yield stands at approximately 4.3%, its high payout ratio of 87% raises concerns; however, its record of 392 consecutive quarters of dividends reflects stable cash flows, bolstering investor confidence.
- Enbridge's Growth Potential: Enbridge's renewable energy segment saw a 16% year-over-year increase in EBITDA to $100 million, and although its fossil fuel operations account for 60% of total revenue, investments in renewable projects indicate significant future growth potential.
See More
Comparative Analysis of Enbridge and Dominion Energy's Green Strategies
- Dominion's Market Advantage: Dominion Energy serves over 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, with renewable projects generating over 2,500 megawatts of power, enough for 625,000 homes, highlighting its strong growth potential in the green energy sector amid surging data center demand.
- Stable Financial Performance: Dominion's earnings per share (EPS) rose 6% year-over-year to $1.16, with operating earnings increasing 10% to $921 million, and management expects annual EPS growth of 5% to 7% over the next five years, supporting its ongoing dividend payments.
- Enbridge's Transition Challenges: While Enbridge still relies heavily on fossil fuel operations for about 60% of its revenue, its renewable energy segment saw EBITDA rise 16% year-over-year to $100 million, indicating potential in its green energy transition efforts.
- Dividend Appeal: Enbridge offers a dividend yield of approximately 5.4%, and despite a payout ratio exceeding 100%, management is committed to increasing dividends, making it an attractive option for income-focused investors.
See More
OpenAI Commits $1.4 Trillion to AI Infrastructure Development
- Massive Investment Plan: OpenAI CEO Sam Altman announced a commitment of $1.4 trillion to develop 30 gigawatts of computing power, aiming to add 1 gigawatt weekly, which will significantly enhance AI infrastructure and attract more investor interest in related sectors.
- Nvidia Market Dominance: Nvidia controls approximately 85% of the AI chip market, with Q3 2025 quarterly revenue soaring 62% year-over-year to exceed $57 billion, resulting in a market cap of $4.58 trillion, showcasing its strong competitive edge in AI hardware and expected to continue leading the market.
- Micron Technology Growth: Micron Technology reported a 57% year-over-year revenue increase to $13.6 billion in Q1 of fiscal 2026, with free cash flow surging 7,852%, indicating robust performance in the AI market, and plans to expand market share through new factory constructions.
- Dominion Energy Benefits: Dominion Energy achieved an 8.36% revenue growth in Q3 2025, and as one of the largest power companies in the U.S., its strategic location positions it to benefit from the increasing demand from data centers, making it a key beneficiary of AI infrastructure investments.
See More
Dominion Energy: An Investment Opportunity in AI Infrastructure
- Growing Power Demand: As AI infrastructure rapidly expands, Dominion Energy plays a crucial role in Virginia's data center market, supplying power to over 35% of the world's hyperscale data centers, which drives sustained revenue growth for the company.
- Strong Customer Demand: CEO Robert Blue noted that there is a continued appetite for additional power supply from data center customers, with 450 data centers already connected, which is expected to further boost sales and enhance market competitiveness.
- Improved Profitability: In the third quarter, Dominion Energy's operating earnings rose 10.2% year-over-year to $921 million, with earnings per share increasing by 8% to $1.06, and management projects annualized EPS growth of 5% to 7% through 2029, indicating robust profitability.
- Attractive for Investors: With a current dividend yield of 4.4% and a price-to-earnings ratio of 19.9, which is lower than the Nasdaq-100 and S&P 500, Dominion Energy's stock appears undervalued, making it appealing to income-focused investors.
See More
