Dominion Energy

D Q1 2025 Earnings

Reported May 1, 2025 at 7:31 AM ET · SEC Source

Q1 25 EPS

$0.93

BEAT +23.16%

Est. $0.76

Q1 25 Revenue

$4.08B

BEAT +7.96%

Est. $3.78B

vs S&P Since Q1 25

-7.5%

TRAILING MARKET

D +21.6% vs S&P +29.0%

Market Reaction

Did D Beat Earnings? Q1 2025 Results

Dominion Energy delivered a standout first quarter for 2025, posting operating earnings of $0.93 per share against a Wall Street consensus of $0.76, a beat of 23.16%, while revenue climbed 12.2% year over year to $4.08 billion, clearing analyst expec… Read more Dominion Energy delivered a standout first quarter for 2025, posting operating earnings of $0.93 per share against a Wall Street consensus of $0.76, a beat of 23.16%, while revenue climbed 12.2% year over year to $4.08 billion, clearing analyst expectations by nearly 8%. The outperformance was anchored largely by the Dominion Energy Virginia segment, which contributed $561 million in operating earnings, up $137 million from the year-ago period, driven by favorable weather conditions, rider equity returns, and nuclear production tax credits. The South Carolina segment also punched well above prior-year levels, adding $152 million versus $80 million in Q1 2024, supported by rate case impacts and warmer-than-normal weather. On the GAAP basis, net income rose 46.5% to $646 million, or $0.75 per share. As the company's power demand outlook continues to attract investor attention, management reaffirmed its full-year 2025 operating earnings guidance of $3.28 to $3.52 per share, alongside all credit and dividend guidance issued in February.

Key Takeaways

  • Favorable weather contributed $54 million to Dominion Energy Virginia and $20 million to Dominion Energy South Carolina
  • Rider equity return added $133 million at Dominion Energy Virginia
  • Customer usage and other factors contributed $25 million at Dominion Energy Virginia
  • Base & RSA rate case impacts added $44 million at Dominion Energy South Carolina
  • Nuclear production tax credit added $17 million at Dominion Energy Virginia
  • Lower net interest expense of $71 million at Corporate and Other segment
  • Interest and related charges decreased to $480 million from $574 million year-over-year
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D YoY Financials

Q1 2025 vs Q1 2024, source: SEC Filings