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Mar 31

Dominion Energy Q1 2025 Earnings Report

Dominion Energy reported strong earnings growth and increased revenue in Q1 2025.

Key Takeaways

Dominion Energy delivered solid results for Q1 2025 with higher operating and net income driven by strong performance in its Virginia and South Carolina segments.

Total Revenue
$4.08B
Previous year: $3.56B
+14.6%
EPS
$0.93
Previous year: $0.55
+69.1%
Operating Expenses
$2.85B
Previous year: $2.8B
+1.9%
Fuel & Energy Purchases
$962M
Previous year: $959M
+0.3%
Purchased Gas
$147M
Previous year: $120M
+22.5%
Gross Profit
$2.38B
Previous year: $1.69B
+41.0%
Free Cash Flow
-$2.03B
Previous year: -$948M
+114.2%

Dominion Energy

Dominion Energy

Forward Guidance

Dominion Energy reaffirmed its full-year 2025 operating earnings guidance, signaling confidence in its earnings, credit, and dividend outlook.

Positive Outlook

  • Full-year 2025 operating EPS guidance affirmed at $3.28 to $3.52
  • Improved earnings from Dominion Virginia and South Carolina segments
  • Positive impact from favorable weather and rider equity returns
  • Improved cost control and lower interest expense in Corporate segment
  • Strong execution of strategic initiatives and clean energy investments

Challenges Ahead

  • Market losses from nuclear decommissioning trusts
  • Storm-related costs and outage impacts in the Virginia segment
  • Lower margins and outages at Millstone impacted Contracted Energy
  • Discontinued operations recorded slight net loss
  • Continued exposure to economic hedging volatility and asset retirement charges