Dominion Energy Inc
dominionenergy.comWhat Do They Do?
Provides regulated electricity to residential, commercial, industrial and government customers in Virginia, North Carolina and South Carolina, and sells electricity under long-term contracts.
10-K for FY2025, filed Feb 23, 2026Dominion Energy, headquartered in Richmond, Virginia and incorporated in Virginia in 1983, provides service to approximately 4.1 million…View ↗
Dominion Energy currently expects approximately 95% of earnings to come from state-regulated utility operations in Virginia, North Carolina…View ↗
Dominion Energy Virginia is composed of Virginia Power’s regulated electric transmission, distribution and generation (regulated electric…View ↗
How Do They Make Money?
Utility customers are charged for electricity and gas as delivered; other product and service sales are generally billed when delivered, with payment typically due within a month after billing.
10-K for FY2025, filed Feb 23, 2026Revenues from electric and gas sales are recognized over time, as the customers of the Companies consume gas and electricity as it is…View ↗
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10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service (Operating revenue from contracts with customers) ↗
$16.5B
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10-K for FY2025, filed Feb 23, 2026
$16.5B ↗
| Segment | Share | Revenue |
|---|---|---|
|
Nonregulated Electric Sales
|
7.5%
FY2022: 8.6%
|
Nonregulated Electric Sales, FY2025
$1.2B Sources
|
|
Regulated Gas Transportation and Storage
|
0.2%
FY2022: 0.3%
|
Regulated Gas Transportation and Storage, FY2025
$36M Sources
|
|
Other Regulated Revenues
|
1.9%
FY2022: 2.0%
|
Other Regulated Revenues, FY2025
$309M Sources
|
|
Other Nonregulated Revenues
|
1.6%
FY2022: 1.2%
|
Other Nonregulated Revenues, FY2025
$266M Sources
|
Who Are Their Customers?
Its utilities serve residential, commercial, industrial and government customers; wholesale electricity also goes to rural electric cooperatives, municipalities and wholesale markets.
10-K for FY2025, filed Feb 23, 2026
Do Revenues Turn Into Profits?
Yes. It kept 18 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Feb 23, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Jul 31, 2026
Open tableView ↗
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Sep 14, 2026
Merger partners expand the proposed Virginia benefits package
The package extends residential bill credits and adds shareholder-funded assistance for low-income customers.
Sources
8-K, filed Sep 14, 2026
In connection with the previously disclosed combination with NextEra Energy, Inc., on September 14, 2026, Dominion Energy, Inc. (Dominion…View ↗
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Jul 31, 2026
Reaffirmed 2026 operating earnings guidance
The company reaffirmed its full-year range of $3.45 to $3.69 per share.
Sources
8-K, filed Jul 31, 2026
Company reaffirms its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share, midpoint of $3.57 per share, and all…View ↗
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May 18, 2026
Agreed to combine with NextEra Energy
Dominion Energy would become a wholly owned subsidiary of NextEra Energy under the merger agreement.
Sources
8-K, filed May 18, 2026
On May 15, 2026, Dominion Energy, Inc. (Dominion Energy) entered into an Agreement and Plan of Merger (the Merger Agreement) with NextEra…View ↗
Growing. Revenue grew 45% in 4 years, from $11.4B in FY2021 to $16.5B in FY2025, about 10% a year.
Gas distribution sales
The older report described regulated natural gas and electric utility businesses; the latest report says Dominion sold all regulated gas distribution operations except DESC and focuses on regulated electric utilities and long-term contracted businesses.
10-K for FY2022, filed Feb 21, 2023 10-K for FY2025, filed Feb 23, 2026Dominion Energy has commenced a comprehensive business review as discussed in Future Issues and Other Matters in Item 7. MD&A. Pending the…View ↗
Cove Point interest
The earlier report included an investment in Cove Point among nonregulated operations; Dominion later sold its remaining Cove Point partnership interest, while the latest report describes nonregulated operations primarily as long-term contracted electric generation.
10-K for FY2022, filed Feb 21, 2023 10-K for FY2025, filed Feb 23, 2026Dominion Energy currently expects approximately 90% of earnings from its primary operating segments to come from state-regulated electric…View ↗
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