Strong Financial Performance
Dominion Energy reported first-quarter operating earnings of $0.93 per share, outperforming expectations due to $0.03 of better-than-normal weather, $0.02 of RNG 45Z income, and $0.02 of better-than-expected sales. GAAP results were $0.75 per share, and the company affirmed its financial guidance for 2025 operating earnings per share of $3.28 to $3.52.
Coastal Virginia Offshore Wind Project Progress
The Coastal Virginia Offshore Wind project is 55% complete, on track for first delivery of electricity in early 2026, with full completion by the end of next year. The project has created approximately 2,000 jobs and generated $2 billion in economic activity.
Data Center Capacity and Demand
Dominion Energy has approximately 40 gigawatts of data center capacity in various stages of contracting, with no evidence of slowing demand from data center customers across its service area.
Regulatory and Legislative Support
The Coastal Virginia Offshore Wind project has robust bipartisan support from Virginia government and congressional leaders, and is consistent with American energy dominance goals.