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Dominion Energy
(NYSE:D)
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Rating:58Neutral
Price Target:
$67.00
▲(0.10% Upside)
Action:Reiterated
Date:09/15/26
The score is primarily held back by weak financial flexibility from persistently negative free cash flow and near-term bearish technical momentum. Offsetting those risks, the earnings call commentary was constructive with reaffirmed guidance, solid credit metrics, and strong demand/data center contracting progress, while valuation is supported by a ~4.14% dividend yield but constrained by a ~22.3 P/E.
Positive Factors
Regulated Utility Base
Dominated by regulated electric and gas operations, the business provides essential services with revenue supported by approved rate structures. This framework can improve earnings visibility, enable recovery of prudent infrastructure investment, and support durable cash flows over the medium term.
Negative Factors
Persistent Negative Free Cash Flow
Persistent negative free cash flow shows that operating cash generation has not covered investment needs, reducing financial flexibility for a capital-intensive utility. Continued funding gaps can increase dependence on debt or external capital and constrain the company’s ability to absorb execution setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated Utility Base
Dominated by regulated electric and gas operations, the business provides essential services with revenue supported by approved rate structures. This framework can improve earnings visibility, enable recovery of prudent infrastructure investment, and support durable cash flows over the medium term.
Read all positive factors
Dominion Energy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Breaks down revenue by different business units, highlighting which segments drive growth and profitability, and where there may be challenges or opportunities for expansion.
Breaks down revenue by different business units, highlighting which segments drive growth and profitability, and where there may be challenges or opportunities for expansion.
Data provided by:
The Fly
The FlyDominion Energy (D) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$55.86B
Dividend Yield4.15%
Average Volume (3M)4.03M
Price to Earnings (P/E)22.2
Beta (1Y)0.13
Revenue Growth21.98%
EPS Growth-0.39%
CountryUS
Employees15,200
SectorUtilities
Sector Strength65
IndustryRegulated Electric
Share Statistics
EPS (TTM)2.89
Shares Outstanding879,525,940
10 Day Avg. Volume4,309,132
30 Day Avg. Volume4,032,238
Financial Highlights & Ratios
PEG Ratio0.41
Price to Book (P/B)1.72
Price to Sales (P/S)3.03
P/FCF Ratio-6.87
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$71.00Price Target Upside6.08% Upside
Rating ConsensusHold
Number of Analyst Covering9
EPS Forecast (FY)3.59
Revenue Forecast (FY)$18.24B
Dominion Energy Business Overview & Revenue Model
Company Description
Dominion Energy, Inc. is an American energy company that provides regulated electricity and natural gas services. It generates, transmits, and distributes electricity to customers in Virginia and the Carolinas, and distributes natural gas to custo...
How the Company Makes Money
Dominion Energy primarily makes money through regulated utility operations, where it earns revenue by providing essential electric and natural gas service under state-approved rate structures. The company’s key revenue streams include: (1) Retail ...
Dominion Energy Earnings Call Summary
Earnings Call Date:Jul 31, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 30, 2026
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.Positive Updates
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.
Negative Updates
CVOW Final Turbine Schedule Delayed Six Months
Dominion adjusted the expected installation timing for CVOW's final turbine by six months, to year-end 2027. The revised schedule reflects added weather and vessel-maintenance contingency, additional time required for loadouts at Portsmouth Marine Terminal based on observed performance, and longer expected jacking operations at certain remaining turbine locations.
Read all updates
Q2-2026 Updates
Positive
Negative
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.
Read all positive updates
Company Guidance
Dominion Energy reaffirmed all financial guidance provided on its fourth quarter earnings call, including operating earnings, credit, dividend and long-term growth guidance, and its 2026 operating EPS and credit targets; for CVOW, it is adjusting final turbine installation by 6 months and expects completion by the end of 2027, the third and final offshore substation to be energized by year-end, and approximately half of project investment adjusted for network upgrade costs to be in service by the end of the year, while updating the project cost estimate by approximately 2% to $11.65 billion, including $123 million of unused contingency, after about $288 million for the incremental 2 quarters, or about $144 million per additional quarter versus prior rule of thumb guidance of $150 million to $200 million per quarter; approximately 1/3 of the most recent cost increase is expected to be shared with the financing partner, and the project is expected to generate fuel savings of approximately $5 billion during its first 10 years of operation.Dominion Energy Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
61
Positive
Cash Flow
38
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 18.32B | 16.51B | 14.46B | 14.39B | 13.94B | 11.42B |
| Gross Profit | 9.03B | 8.09B | 6.92B | 6.96B | 6.38B | 5.41B |
| EBITDA | 7.35B | 8.02B | 6.71B | 7.53B | 4.44B | 5.39B |
| Net Income | 2.55B | 3.00B | 2.12B | 2.03B | 1.19B | 3.40B |
Balance Sheet | ||||||
| Total Assets | 121.89B | 115.86B | 102.42B | 109.03B | 104.80B | 99.59B |
| Cash, Cash Equivalents and Short-Term Investments | 296.00M | 250.00M | 310.00M | 184.00M | 119.00M | 283.00M |
| Total Debt | 53.42B | 48.94B | 41.75B | 44.24B | 41.20B | 40.58B |
| Total Liabilities | 88.28B | 82.44B | 72.22B | 81.51B | 77.14B | 72.28B |
| Stockholders Equity | 28.92B | 29.08B | 27.25B | 27.53B | 27.66B | 27.31B |
Cash Flow | ||||||
| Free Cash Flow | -6.83B | -7.28B | -7.41B | -3.66B | -4.06B | -2.02B |
| Operating Cash Flow | 5.39B | 5.36B | 5.02B | 6.57B | 3.70B | 4.04B |
| Investing Cash Flow | -12.57B | -12.97B | -3.18B | -7.21B | -6.75B | -6.25B |
| Financing Cash Flow | 7.14B | 7.59B | -1.77B | 595.00M | 2.98B | 2.37B |
Dominion Energy Technical Analysis
Neutral
66.93
Price Trends
67.45
Negative
66.38
Negative
63.05
Positive
Market Momentum
-0.89
Positive
38.46
Neutral
10.64
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For D, the sentiment is Neutral. The current price of 66.93 is above the 20-day moving average (MA) of 65.36, below the 50-day MA of 67.45, and above the 200-day MA of 63.05, indicating a neutral trend. The MACD of -0.89 indicates Positive momentum. The RSI at 38.46 is Neutral, neither overbought nor oversold. The STOCH value of 10.64 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for D.
Dominion Energy Risk Analysis
Dominion Energy disclosed 29 risk factors in its most recent earnings report. Dominion Energy reported the most risks in the "Legal & Regulatory" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dominion Energy Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | $65.70B | 20.90 | 10.01% | 3.12% | 8.63% | -14.89% | |
74 Outperform | $167.65B | 18.18 | 16.82% | 3.00% | 11.83% | 55.48% | |
68 Neutral | $91.82B | 17.80 | 9.88% | 3.61% | 6.33% | 8.98% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
63 Neutral | $43.81B | 15.56 | 9.61% | 3.89% | 6.56% | 3.72% | |
62 Neutral | $99.20B | 20.79 | 12.61% | 3.46% | 6.40% | 6.90% | |
58 Neutral | $55.86B | 22.25 | 8.89% | 4.15% | 21.98% | -0.39% |
* Utilities Sector Average
D
Dominion Energy
64.29
6.89
12.01%
AEP
American Electric Power
121.62
17.78
17.12%
DUK
Duke Energy
118.54
1.57
1.34%
EXC
Exelon
42.64
0.77
1.83%
NEE
NextEra Energy
81.28
12.19
17.64%
SO
Southern Co
86.76
-2.10
-2.37%
Dominion Energy Corporate Events
Business Operations and StrategyM&A Transactions
Dominion Energy touts Virginia benefits in NextEra merger
Positive
Sep 14, 2026
On Sept. 14, 2026, NextEra Energy and Dominion Energy unveiled an expanded Virginia benefits package tied to their proposed combination, promising four years of $10-per-month residential bill credits, a $100 million boost to Dominion’s Energ...
M&A TransactionsShareholder Meetings
Dominion Shareholders Approve Merger With NextEra Energy
Positive
Sep 3, 2026
On September 3, 2026, Dominion Energy shareholders approved all proposals at a special meeting tied to the company’s planned merger with NextEra Energy, including the core merger agreement and first plan of merger. Investors also backed, on ...
Legal ProceedingsM&A TransactionsShareholder Meetings
Dominion Energy Addresses Merger-Related Shareholder Lawsuits
Neutral
Aug 25, 2026
On May 15, 2026, Dominion Energy agreed to merge with NextEra Energy in a two-step transaction that would ultimately make Dominion a wholly owned subsidiary of NextEra through successive mergers with dedicated NextEra entities. Dominion has called...
Private Placements and FinancingRegulatory Filings and Compliance
Dominion Energy Issues $1.5 Billion Junior Subordinated Notes
Neutral
Jun 16, 2026
On June 8, 2026, Dominion Energy entered into an underwriting agreement with a syndicate of major investment banks to issue $1.5 billion in junior subordinated notes split between a $1 billion 2026 Series A and a $500 million 2026 Series B, both d...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.