EarningsQ2 2026 Earnings Report
CH:DOD Q2 2026 EPS Results
Actual EPSCHF0.66
Consensus EPSCHF0.56
Beat/MissBeat by +CHF0.09
One Year Ago EPSCHF0.62
CH:DOD Q2 2026 Revenue Results
Actual RevenueCHF3.78B
Expected RevenueCHF3.35B
Beat/MissBeat by +CHF426.26M
YoY Revenue Growth+20.36%
Earnings Announcement Details
QuarterQ2 2026
Date07/31/2026
TimeBefore Open
Conference CallFriday, July 31, 2026
CH:DOD Upcoming Earnings
Dominion Energy's next earnings date is estimated for October 30, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
CH:DOD Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was predominantly positive, with strong earnings, reaffirmed financial guidance, demand growth, robust data center contracting, solid safety and regulatory results, and substantial CVOW construction and operating progress. The principal challenges were the six-month CVOW schedule adjustment, the approximately 2% project cost increase and a transmission fault that caused some data centers to use backup power.Company Guidance
Strong Second-Quarter Earnings and Reaffirmed Guidance
Second-quarter operating earnings were $0.79 per share, including $0.03 of RNG 45Z credits, while GAAP earnings were $0.37 per share. Management described the first half as strong and reaffirmed all financial guidance from the fourth-quarter earnings call, including operating earnings, credit, dividend and long-term growth guidance.
Completed 2026 Equity Program and Maintained Credit Metrics
Dominion completed its common equity program for 2026, consistent with its previously provided ATM guidance. Full-year 2025 and second-quarter LTM FFO-to-debt metrics were both above 15%, demonstrating continued commitment to communicated credit targets.
Record Demand and System Reliability
Sales continued to be strong in Dominion's service areas, driven by continued economic growth and data center expansion. Nine of the DOM Zones' top 10 all-time peak days occurred in 2026, including the eight highest summer peak days, all within the last two months. Employees maintained system reliability during record-setting demand and difficult weather conditions.
Expanding Data Center Contract Pipeline
Dominion now has over 53 gigawatts of data center capacity in various stages of contracting, including approximately 12 gigawatts contracted under electric service agreements. The company added over 5 gigawatts of contracts, or roughly 11%, since the end of last year. Management reported robust and durable demand from data center customers and said its large load framework is designed to ensure those customers pay their fair share of required investments while protecting existing customers from cost shifts and mitigating stranded cost risk.
Strong Employee Safety Performance
The employee OSHA injury recordable rate for the first half of the year was 0.36, which management said remains well below the industry average.
Proposed NextEra Combination Offers Customer Bill Credits
Management described the proposed combination with NextEra Energy as a transformational opportunity involving two utilities with 238 years of collective industry experience serving millions of regulated customers across four states. Under the proposed merger terms, Dominion customers would receive $2.25 billion in shareholder-funded bill credits.
Merger Regulatory and Shareholder Process Progressed
Dominion filed its joint proxy statement on Form S-4 and state and federal regulatory applications with the Virginia State Corporation Commission, the North Carolina Utilities Commission, the Public Service Commission of South Carolina, FERC and the NRC. Virginia set evidentiary hearings beginning November 17. In South Carolina, the proposed schedule would set a hearing for December 8 and a final order by January 29, 2027.
CVOW Reached 81% Completion and Continued Installation Progress
The Coastal Virginia Offshore Wind project reached 81% completion. Fabrication progress stood at 100% of nacelles, 99% of towers and 85% of blades. Dominion had successfully installed 31 turbines, with installation of the 32nd in progress, averaging approximately two days of operations per installation from jack-up to jack-down. The installed turbines represent more than 450 megawatts of capacity.
CVOW Demonstrated Technical Feasibility and Began Delivering Power
Dominion said every major fabrication, construction, commissioning and operation evolution for CVOW had been completed multiple times. Turbines, inter-array cables, substations, export cables and onshore transmission and distribution infrastructure were functioning as expected, with the project already generating electricity for customers. The company expects the third and final offshore substation to be energized by year-end, placing approximately half of project investment, adjusted for network upgrade costs, into service.
CVOW Cost Sharing and Customer Savings
Management said CVOW's cost-sharing and risk-sharing arrangements continue to protect customers and shareholders, with minimal changes to LCOE or customer bill impacts. Approximately one-third of the most recent cost increase is expected to be shared with the financing partner. The project is expected to generate approximately $5 billion in fuel savings for customers during its first 10 years of operation.
CVOW Installation Execution Continued to Improve
Management reported that the most recent reload of towers, nacelles and blades at Portsmouth Marine Terminal was the fastest to date. The company is continuing to refine jack-up times, sequencing and installation execution, with management stating that repeated iterations have generally become faster and more efficient.
Regulatory Revenue Request Approved in Full
Dominion received a final order in its 2025 rider filing proceeding on July 29 approving 100% of its revenue requests.
Progress on Nearly 5 Gigawatts of New Gas Generation
Dominion filed air permits for two new natural gas-fired combined-cycle plants at Canadys Station in South Carolina and Mount Storm in West Virginia, representing nearly 5 gigawatts of new capacity. Management said the projects would generate thousands of new jobs, billions of dollars of economic investment and meaningful local tax revenue. The Mount Storm project is not incremental to the current capital plan and reflects an acceleration of capital toward natural gas investments.
Successful South Carolina Rate Case Settlements
Comprehensive settlement agreements in DESC's electric rate case were unanimously approved by the Public Service Commission of South Carolina, with rates becoming effective at the beginning of July. Dominion has now achieved successful settlements in each of its last four South Carolina base rate cases across its electric and gas businesses.
Millstone PPA Delivering Significant Customer Savings
Dominion said Millstone's existing power purchase agreement is expected to save Connecticut customers over $300 million in 2026, including $190 million year-to-date, in addition to $200 million of savings last year. Based on current forward curves, the contract is expected to save Connecticut customers over $900 million over its 10-year life.
Battery Storage Deployment Planning Accelerated
Following legislation accelerating and increasing the battery storage target, Dominion is ramping up its plans. The company has $2 billion of battery investment in its current five-year forecast, representing about 3% of the total five-year capital plan. A technical conference is planned for this fall, and the upcoming IRP will incorporate updated views on accelerating battery deployment, including development expertise, supply-chain capacity and a developer pipeline.
CH:DOD Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed