Dominion Energy (D) Q4 2025 Financial Results Summary

Release Date: February 23, 2026

Dominion Energy, Inc. (NYSE: D) recently announced its financial results for the fourth quarter and full year 2025. The key figures show significant year-over-year growth in both net income and operating earnings. Below is a summary of the results:

Financial Performance Overview

Fourth Quarter 2025 Highlights

• GAAP Net Income:
  • $567 million, or $0.65 per share
  • Increase of 306% from $134 million, or $0.14 per share, for the same period in 2024
• Operating Earnings (non-GAAP):
  • $593 million, or $0.68 per share
  • Increase of 18% from $504 million, or $0.58 per share, in Q4 2024

Full Year 2025 Highlights

• GAAP Net Income:
  • $3.0 billion, or $3.45 per share
  • Increase of 47% from $2.0 billion, or $2.33 per share, in 2024
• Operating Earnings (non-GAAP):
  • $3.0 billion, or $3.42 per share
  • Increase of 27% from $2.4 billion, or $2.77 per share, in 2024

Earnings Guidance

• The company provided 2026 operating earnings guidance in the range of $3.45 to $3.69 per share, with a midpoint of $3.57 per share.
• Dominion Energy reaffirmed a long-term annual operating EPS growth rate guidance of 5% to 7%, with a bias toward the upper half for the years 2028 to 2030.

Key Metrics

• Differences Between GAAP and Non-GAAP Earnings:
  • The variances include adjustments for nuclear decommissioning trust funds, economic hedging activities, and other factors.
• Reported Earnings Concerns:
  • $112 million of pre-tax adjustments affecting reported earnings were primarily linked to nuclear decommissioning and regulated asset retirements.

Dividend and Share Repurchase Information

Dominion Energy reaffirmed its existing credit and dividend guidance. However, the report does not indicate any new quarterly dividends or share repurchases for the period covered.

Segment Performance Insights

• Dominion Energy Virginia:
  • Reported earnings of $536 million (up from $440 million YoY).
• Dominion Energy South Carolina:
  • Reported earnings were $106 million, a slight increase from $102 million YoY.
• Contracted Energy:
  • Increased to $117 million from $54 million YoY.
• Corporate and Other Segment:
  • Reported a loss of $166 million, improving from $92 million loss YoY.

Earnings Per Share Analysis

• Q4 2025 vs. Q4 2024:
  • Reported EPS increased by $0.51, reflecting a 306% increase YoY.
  • Operating EPS improved by $0.10, a 17% increase YoY.
• Full Year 2025 vs. 2024:
  • Reported EPS rose by $1.12, a 47% increase YoY.
  • Operating EPS showed a growth of $0.65, with an increase of 27% YoY.

Conclusion

Dominion Energy’s Q4 and full-year 2025 financial results demonstrate robust growth across both reported and operating earnings compared to the previous year. The maintained guidance for 2026 signals a stable outlook as the company continues its focus on regulated energy services and sustainable growth initiatives. Further financial details and insights into segment performance can be accessed through the company’s investor relations site following the earnings call.

Consolidated Statements of Income (GAAP)

(Note: Amounts in millions)

	Three Months Ended		Twelve Months Ended
	December 31, 2025	2024	December 31, 2025	2024
Operating Revenue	4,093	3,400	16,506	14,459
Operating Expenses
Electric fuel and other energy-related purchases
Purchased electric capacity
Purchased gas
Other operations and maintenance(1)
Depreciation and amortization
Other taxes
Total operating expenses
Income (loss) from operations
Other income (expense)
Interest and related charges
Income (loss) from continuing operations
including noncontrolling interests before income tax expense (benefit)
Income tax expense (benefit)
Net Income (loss) from continuing operations	1,244	827	4,489	3,614
Net Income (loss) from discontinued operations	19	17	82	74
Net Income (loss) including noncontrolling interests	1,207	1,374	4,064	4,188
Net Income (loss) attributable to Dominion Energy, Inc.	582	74	3,611	2,195
Reported Income (loss) per common share	$0.65	$0.14	$3.45	$2.33
Average shares outstanding, diluted	860.4	842.2	855.3	839.4

(1) Includes impairment of assets and other charges (benefits).

Condensed Consolidated Balance Sheets

(Note: Amounts in millions)

	December 31, 2025		December 31, 2024
Assets
Current Assets
Cash and cash equivalents
Accounts receivable
Other current assets
Total current assets
Property, plant and equipment, net
Other investments
Total assets
Liabilities and Shareholder’s Equity
Current liabilities
Long-term debt
Other long-term liabilities
Total liabilities
Total shareholders’ equity
Total liabilities and shareholders’ equity

(Note: Table content may be incomplete due to missing parts of the Balance Sheet.)