Dominion Energy (D)
Market Price (12/27/2025): $59.25 | Market Cap: $50.5 BilSector: Utilities | Industry: Multi-Utilities
Dominion Energy (D)
Market Price (12/27/2025): $59.25Market Cap: $50.5 BilSector: UtilitiesIndustry: Multi-Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8% | Weak multi-year price returns2Y Excs Rtn is -6.6%, 3Y Excs Rtn is -66% | Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 91% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% | Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% | |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, CFO LTM is 4.6 Bil | Key risksD key risks include [1] managing a substantial debt burden while funding massive capital projects, Show more. | |
| Low stock price volatilityVol 12M is 23% | ||
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, Offshore Wind Development, and Electrification of Everything. Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 9.0%, Dividend Yield is 4.5%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 4.8% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 30% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 30%, CFO LTM is 4.6 Bil |
| Low stock price volatilityVol 12M is 23% |
| Megatrend and thematic driversMegatrends include Renewable Energy Transition, Sustainable Infrastructure, Offshore Wind Development, and Electrification of Everything. Show more. |
| Weak multi-year price returns2Y Excs Rtn is -6.6%, 3Y Excs Rtn is -66% |
| Debt is significantNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 91% |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -53% |
| Key risksD key risks include [1] managing a substantial debt burden while funding massive capital projects, Show more. |
Why The Stock Moved
Qualitative Assessment
AI Analysis | Feedback
Here are the key points explaining Dominion Energy's (symbol: D) stock movement, which saw a decrease of approximately 1.17% from August 29, 2025, to December 26, 2025.
<b>1. Q3 2025 Earnings Report:</b> Dominion Energy reported its Q3 2025 earnings on October 31, 2025, with an EPS of $1.06, which surpassed analysts' consensus estimates by $0.04. However, quarterly revenue, while rising 14.9% year-over-year to $4.53 billion, fell below analyst expectations. This mixed financial performance, particularly the revenue miss, could have introduced investor caution.
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<b>2. Pause in Coastal Virginia Offshore Wind (CVOW) Project:</b> In December 2025, the U.S. Interior Department paused five offshore wind projects on the East Coast, including Dominion Energy's significant Coastal Virginia Offshore Wind (CVOW) project, due to a national security review. Dominion Energy acknowledged compliance but warned that extended delays could impact grid reliability and employment. This unexpected regulatory hurdle for a major clean energy initiative likely created uncertainty and negatively impacted investor sentiment.
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<b>3. Continuous Growth from Data Center Demand:</b> Virginia's booming data center market continued to be a strong growth driver for Dominion Energy throughout 2025. The company anticipated connecting 16 new data centers in 2024, exceeding initial expectations, and was actively studying significant new data center demand requiring substantial investments in its electrical infrastructure. This robust demand for electricity from data centers provided a positive underlying factor for future growth, partially offsetting other negative pressures.
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<b>4. Rising Longer-Term Bond Rates:</b> The utility sector is generally sensitive to interest rate changes. Persistent or rising longer-term bond rates can make the dividend yields of utility stocks less attractive compared to fixed-income investments, and can also increase borrowing costs for capital-intensive projects. This factor, highlighted as impacting the industry in late 2024, likely continued to exert downward pressure on Dominion Energy's stock into late 2025.
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<b>5. Mixed Analyst Sentiment and Price Targets:</b> While some analysts initiated positive ratings for Dominion Energy in October 2025, such as Wells Fargo's Overweight rating with a $67 price target, other views were more cautious. For example, J.P. Morgan had previously downgraded D to Underweight with a $52 price target in April 2025. This mixed analytical outlook, coupled with an overall average price target that suggested potential upside but without strong consensus, likely contributed to the stock's modest decline in the period.
Show moreStock Movement Drivers
Fundamental Drivers
The -0.8% change in D stock from 9/26/2025 to 12/26/2025 was primarily driven by a -0.8% change in the company's P/E Multiple.| 9262025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 59.66 | 59.20 | -0.77% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 15227.00 | 15227.00 | 0.00% |
| Net Income Margin (%) | 15.00% | 15.00% | 0.00% |
| P/E Multiple | 22.28 | 22.11 | -0.77% |
| Shares Outstanding (Mil) | 852.90 | 852.90 | 0.00% |
| Cumulative Contribution | -0.77% |
Market Drivers
9/26/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| D | -0.8% | |
| Market (SPY) | 4.3% | -17.0% |
| Sector (XLU) | -1.4% | 52.7% |
Fundamental Drivers
The 8.4% change in D stock from 6/27/2025 to 12/26/2025 was primarily driven by a 7.1% change in the company's Net Income Margin (%).| 6272025 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 54.62 | 59.20 | 8.39% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 14903.00 | 15227.00 | 2.17% |
| Net Income Margin (%) | 14.00% | 15.00% | 7.11% |
| P/E Multiple | 22.30 | 22.11 | -0.88% |
| Shares Outstanding (Mil) | 852.20 | 852.90 | -0.08% |
| Cumulative Contribution | 8.39% |
Market Drivers
6/27/2025 to 12/26/2025| Return | Correlation | |
|---|---|---|
| D | 8.4% | |
| Market (SPY) | 12.6% | -7.0% |
| Sector (XLU) | 5.9% | 57.8% |
Fundamental Drivers
The 15.5% change in D stock from 12/26/2024 to 12/26/2025 was primarily driven by a 16.6% change in the company's P/E Multiple.| 12262024 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 51.27 | 59.20 | 15.47% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 14593.00 | 15227.00 | 4.34% |
| Net Income Margin (%) | 15.54% | 15.00% | -3.49% |
| P/E Multiple | 18.97 | 22.11 | 16.56% |
| Shares Outstanding (Mil) | 839.00 | 852.90 | -1.66% |
| Cumulative Contribution | 15.44% |
Market Drivers
12/26/2024 to 12/26/2025| Return | Correlation | |
|---|---|---|
| D | 15.5% | |
| Market (SPY) | 15.8% | 25.6% |
| Sector (XLU) | 14.5% | 68.4% |
Fundamental Drivers
The 11.3% change in D stock from 12/27/2022 to 12/26/2025 was primarily driven by a 24.2% change in the company's P/E Multiple.| 12272022 | 12262025 | Change | |
|---|---|---|---|
| Stock Price ($) | 53.18 | 59.20 | 11.31% |
| Change Contribution By | LTM | LTM | |
| Total Revenues ($ Mil) | 13173.00 | 15227.00 | 15.59% |
| Net Income Margin (%) | 18.89% | 15.00% | -20.58% |
| P/E Multiple | 17.80 | 22.11 | 24.21% |
| Shares Outstanding (Mil) | 832.60 | 852.90 | -2.44% |
| Cumulative Contribution | 11.24% |
Market Drivers
12/27/2023 to 12/26/2025| Return | Correlation | |
|---|---|---|
| D | 40.1% | |
| Market (SPY) | 48.0% | 14.8% |
| Sector (XLU) | 43.1% | 73.9% |
Price Returns Compared
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| D Return | -5% | 8% | -19% | -19% | 20% | 15% | -7% |
| Peers Return | 16% | 38% | -12% | 21% | 26% | 16% | 150% |
| S&P 500 Return | 16% | 27% | -19% | 24% | 23% | 18% | 114% |
Monthly Win Rates [3] | |||||||
| D Win Rate | 42% | 50% | 50% | 58% | 67% | 58% | |
| Peers Win Rate | 52% | 65% | 42% | 68% | 57% | 52% | |
| S&P 500 Win Rate | 58% | 75% | 42% | 67% | 75% | 73% | |
Max Drawdowns [4] | |||||||
| D Max Drawdown | -28% | -9% | -24% | -33% | -6% | -7% | |
| Peers Max Drawdown | -34% | -5% | -26% | -7% | -9% | -23% | |
| S&P 500 Max Drawdown | -31% | -1% | -25% | -1% | -2% | -15% | |
[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL. See D Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)
How Low Can It Go
| Event | D | S&P 500 |
|---|---|---|
| 2022 Inflation Shock | ||
| % Loss | -55.3% | -25.4% |
| % Gain to Breakeven | 123.6% | 34.1% |
| Time to Breakeven | Not Fully Recovered days | 464 days |
| 2020 Covid Pandemic | ||
| % Loss | -33.3% | -33.9% |
| % Gain to Breakeven | 49.9% | 51.3% |
| Time to Breakeven | Not Fully Recovered days | 148 days |
| 2018 Correction | ||
| % Loss | -27.3% | -19.8% |
| % Gain to Breakeven | 37.5% | 24.7% |
| Time to Breakeven | 602 days | 120 days |
| 2008 Global Financial Crisis | ||
| % Loss | -44.3% | -56.8% |
| % Gain to Breakeven | 79.5% | 131.3% |
| Time to Breakeven | 844 days | 1,480 days |
Compare to HPQ, HPE, IBM, CSCO, AAPL
In The Past
Dominion Energy's stock fell -55.3% during the 2022 Inflation Shock from a high on 4/8/2022. A -55.3% loss requires a 123.6% gain to breakeven.
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AI Analysis | Feedback
Here are 1-2 brief analogies to describe Dominion Energy:
- Verizon for electricity and natural gas: Like Verizon provides essential communication services over a vast, regulated network, Dominion Energy delivers indispensable power and gas across several states.
- Comcast for your home's power and heating: Think of them as a major provider of critical household utilities, similar to how Comcast delivers internet and cable, but for electricity and natural gas.
AI Analysis | Feedback
- Electricity Supply: Providing electricity to residential, commercial, and industrial customers through generation, transmission, and distribution networks.
- Natural Gas Supply: Delivering natural gas to residential, commercial, and industrial customers through transmission and distribution pipelines.
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Dominion Energy (Symbol: D) - Major Customers
Dominion Energy (D) is a public utility company that primarily generates, transmits, and distributes electricity and natural gas directly to end-users within its service territories. Therefore, it does not sell primarily to other companies for resale, but rather serves a broad base of direct consumers. Dominion Energy's customers can be categorized into the following groups:- Residential Customers: Individual households and single-family or multi-family residences that use electricity and/or natural gas for personal consumption.
- Commercial Customers: Small to medium-sized businesses, offices, retail establishments, restaurants, and other non-industrial enterprises that consume electricity and/or natural gas for their operations.
- Industrial Customers: Large manufacturing facilities, factories, processing plants, data centers, and other industrial operations that require significant amounts of electricity and/or natural gas for their production and operational needs.
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Robert M. Blue, Chair, President and Chief Executive Officer
Robert M. Blue became CEO in October 2020 and Chair in April 2021. He joined Dominion Energy in 2005 and has held various leadership roles, including executive vice president and co-chief operating officer, and president of Dominion Energy Virginia. Prior to joining Dominion Energy, he served as counselor and director of policy for Virginia Governor Mark Warner and as an attorney at Hogan & Hartson. Blue holds a law degree from Yale Law School and an MBA from the University of Virginia's Darden School of Business.
Steven D. Ridge, Executive Vice President and Chief Financial Officer
Steven D. Ridge assumed the role of Chief Financial Officer in November 2022 and was promoted to Executive Vice President in January 2024. He joined Dominion Energy in 2014 and has held leadership positions in mergers and acquisitions, investor relations, corporate strategy, financial management, and operations. Before joining Dominion Energy, Ridge spent nearly a decade in the Energy Investment Banking Group at J.P. Morgan in New York City, where he worked with public and private clients on strategic and financing transactions in the power and natural gas sectors.
Corynne S. Arnett, Executive Vice President and Chief Regulatory and Customer Officer
Corynne S. Arnett joined Dominion Energy in 1997 as a tax professional. She has since held numerous financial management and leadership positions across accounting, tax, and investor relations. She was promoted to Executive Vice President and Chief Regulatory and Customer Officer in January 2024.
Carlos M. Brown, Executive Vice President, Chief Administrative and Projects Officer and Corporate Secretary, and President--Dominion Energy Services
Carlos M. Brown joined Dominion Energy in 2007. He has held various business, operational, legal, and executive roles within the company. Effective June 1, 2025, his role was updated to include oversight of the company's project construction group. He previously served as Executive Vice President, General Counsel and Chief Legal Officer.
Regina J. Elbert, Senior Vice President and Chief Legal and Human Resources Officer
Regina J. Elbert joined Dominion Energy in 2011. Effective June 1, 2025, she will become Senior Vice President and Chief Legal and Human Resources Officer, responsible for the company's law and human resources functions.
AI Analysis | Feedback
The key risks to Dominion Energy (D) primarily revolve around its substantial capital investment plans, regulatory hurdles, and the evolving dynamics of energy demand and supply.
- High Debt Burden and Capital Expenditure Challenges: Dominion Energy faces a significant risk due to its substantial debt burden, reported between $43 billion and $46.8 billion. This is exacerbated by its ambitious capital expenditure plans, which are projected to be $50.1 billion from 2025 to 2029. A major component of this includes the Coastal Virginia Offshore Wind (CVOW) project, whose costs have already risen to $10.7 billion, raising concerns about its impact on the company's financial performance. The reliance on debt financing for these large-scale infrastructure investments necessitates prudent debt management to avoid potential financial distress.
- Regulatory and Legal Scrutiny: The company is subject to considerable regulatory and legal risks. Several law firms have initiated investigations into Dominion Energy concerning potential securities fraud violations related to the disclosures, progress, costs, or expected performance of the CVOW project. Furthermore, there's a risk that state commissions might not allow timely recovery of costs incurred for new projects, including expensive fossil fuel facilities, potentially shifting the financial burden from ratepayers to shareholders. Compliance with evolving environmental regulations, such as the Virginia Clean Economy Act (VCEA) which mandates 100% carbon-free electricity by 2045, also poses a challenge, as meeting this goal might not be viable given the company's current energy mix and surging demand from data centers.
- Uncertainty in Data Center Demand and Infrastructure Overbuild: While the surge in data center demand, particularly in Northern Virginia, presents a significant revenue opportunity, it also introduces the risk of overbuilding infrastructure for potentially speculative or uncertain demand. Dominion Energy has contracted a substantial amount of power for data centers, but many of these requests are based on preliminary engineering paperwork and lack firm take-or-pay obligations, meaning customers could delay, downsize, or cancel projects with minimal consequences. If this forecasted demand does not materialize, residential ratepayers and/or shareholders could be burdened with the costs of underutilized or uneconomic infrastructure.
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The accelerating adoption of distributed energy resources (DERs) like rooftop solar and battery storage, often bundled and managed by third-party energy-as-a-service providers, poses a clear emerging threat. This trend directly erodes the demand for grid-supplied electricity from Dominion Energy's centralized generation and transmission infrastructure, impacting traditional revenue streams based on volumetric sales. Evidence includes the sustained decline in the cost of solar and battery technology, the increasing rate of residential and commercial installations in many markets, and the proliferation of companies offering comprehensive home energy solutions that bypass the traditional utility relationship.
AI Analysis | Feedback
Dominion Energy (symbol: D) operates primarily in regulated electric and natural gas utility services across various regions of the United States. Its main products and services include electric generation, transmission, and distribution, as well as natural gas transmission and distribution and storage.
The addressable markets for Dominion Energy's main products and services within the U.S. are as follows:
- Regulated Electric Services (Electric Generation, Transmission, and Distribution): The U.S. electric distribution utility market was valued at approximately $379.1 billion in 2023. This market is projected to grow to about $686.7 billion by 2032, with a compound annual growth rate (CAGR) of 6.7% from 2024 to 2032. Another estimate for the U.S. electricity transmission and distribution market indicated a value of $89.9 billion in 2024, with a projected increase to $110.4 billion by 2032 at a CAGR of 2.7% from 2025 to 2032. The entire U.S. electricity sector generated $491 billion in revenue in 2023. Dominion Energy provides regulated electricity service to approximately 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and is a significant producer of carbon-free electricity in New England.
- Regulated Natural Gas Services (Natural Gas Transmission and Distribution): The U.S. natural gas distribution market was valued at $170.0 billion in 2024 and is expected to reach $186.0 billion by 2032, exhibiting a CAGR of 1.0% between 2025 and 2032. Another report states the U.S. natural gas distribution market size was $174.7 billion in 2024 and is expected to reach $222.5 billion in 2025. The broader U.S. natural gas market is estimated at $458.9 million in 2024, projected to grow to $569.3 million by 2031 with a CAGR of 3.1%. Dominion Energy provides regulated natural gas service to approximately 500,000 customers in South Carolina, and also serves parts of Utah, Idaho, Wyoming, West Virginia, Ohio, Pennsylvania, North Carolina, and Georgia.
AI Analysis | Feedback
Dominion Energy (D) is expected to experience future revenue growth over the next 2-3 years, driven by several key factors:
- Growing Data Center Demand: The increasing demand for electricity from data centers, particularly in Virginia, North Carolina, and South Carolina, is a significant driver of revenue growth. Virginia data centers alone have seen their contribution to Dominion's electricity sales rise, and the company continues to expand its contracted capacity for these energy-intensive facilities.
- Coastal Virginia Offshore Wind (CVOW) Project: This large-scale renewable energy project is a central component of Dominion's growth strategy. With the first electricity delivery expected in early 2026, the CVOW project is poised to expand the company's rate base and generate stable, regulated returns, positively impacting long-term earnings.
- Regulated Capital Investments: Dominion Energy plans to invest approximately $50 billion in its system between 2025 and 2029. These substantial capital expenditures are focused on distribution, transmission, and generation infrastructure to meet growing demand and enhance reliability within its service areas. Such regulated investments typically allow the company to earn a return on its expanded asset base, contributing to revenue growth.
- Customer Growth and Increased Sales: Beyond the specialized demand from data centers, Dominion Energy anticipates continued customer growth in its Virginia and South Carolina service areas, leading to increased electricity sales. This organic growth in its customer base contributes directly to higher revenue.
- Favorable Rate Case Settlements and Adjustments: Positive outcomes from rate case settlements and regulatory approvals for rate adjustments are expected to contribute to revenue. These adjustments help the company recover costs and earn an authorized return on its investments, offsetting rising capital costs and supporting profitability.
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Share Repurchases
- Dominion Energy completed a buyback program announced in November 2020, repurchasing 2,476,657 shares for $191.75 million by September 30, 2025.
- In September 2020, the company anticipated total share repurchases of at least $3 billion, which included over $500 million in open market repurchases and a $1.5 billion accelerated share repurchase program to be completed by December 2020.
- Quarterly stock buybacks for June 30, 2025, were -$671.00 million, indicating net issuance or other cash flow impacts rather than repurchases for that specific period.
Share Issuance
- As of October 31, 2025, Dominion Energy increased its at-the-market (ATM) equity offering program, authorizing up to $1.8 billion in common stock for sale.
- The ATM program provides flexibility to issue and sell shares and allows for forward sale agreements.
- Over the last decade, Dominion Energy's share count increased by 44%, partly due to the SCANA acquisition, reflecting a strategy to issue shares to support growth and raise capital.
Inbound Investments
- In 2024, Dominion Energy sold a 50% noncontrolling equity interest in its Coastal Virginia Offshore Wind (CVOW) project to the infrastructure investment firm Stonepeak Partners, LLC.
Outbound Investments
- In March 2020, Dominion Energy acquired a 100% stake in Pivotal LNG, a provider of LNG production, delivery, and transportation services.
- In August 2020, the company acquired the Madison Solar generating facility in Orange County, Virginia, from Cypress Creek Renewables.
- Dominion Energy formed Align RNG in November 2018 as an equal partnership with Smithfield Foods, Inc., with three projects under construction and an estimated total cost of approximately $125 million, expected to be in service in 2025 and 2026.
Capital Expenditures
- Dominion Energy's capital expenditures averaged $8.562 billion annually from fiscal years 2020 to 2024, with specific expenditures of $6.331 billion in 2020, $6.061 billion in 2021, $7.758 billion in 2022, $10.235 billion in 2023, and $12.427 billion in 2024.
- The company's updated five-year capital expenditure plan for 2025 through 2029 projects spending of $50.1 billion, an increase from a prior estimate of $43.2 billion. Approximately $12.1 billion is earmarked for 2025.
- The primary focus of these capital expenditures is to upgrade the electric system in Virginia through investments in renewable generation facilities (including the $10.7 billion Coastal Virginia Offshore Wind project), smart meters, intelligent grid devices, and to meet accelerating electricity demand from data centers in Northern Virginia.
Latest Trefis Analyses
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| ARTICLES |
Trade Ideas
Select ideas related to D. For more, see Trefis Trade Ideas.
| Date | Ticker | Company | Category | Trade Strategy | 6M Fwd Rtn | 12M Fwd Rtn | 12M Max DD |
|---|---|---|---|---|---|---|---|
| 11212025 | PEG | Public Service Enterprise | Monopoly | MY | Getting CheaperMonopoly-Like with P/S DeclineLarge cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple | 0.1% | 0.1% | -2.4% |
| 09262025 | PCG | PG&E | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 5.9% | 5.9% | -0.8% |
| 09052025 | AES | AES | Dip Buy | DB | P/E OPMDip Buy with Low PE and High MarginBuying dips for companies with tame PE and meaningfully high operating margin | 9.3% | 9.3% | -3.2% |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons for Dominion Energy
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 68.68 |
| Mkt Cap | 167.7 |
| Rev LTM | 56,496 |
| Op Inc LTM | 8,036 |
| FCF LTM | 7,327 |
| FCF 3Y Avg | 7,366 |
| CFO LTM | 9,046 |
| CFO 3Y Avg | 9,587 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 5.6% |
| Rev Chg 3Y Avg | 3.2% |
| Rev Chg Q | 9.2% |
| QoQ Delta Rev Chg LTM | 2.1% |
| Op Mgn LTM | 20.1% |
| Op Mgn 3Y Avg | 20.3% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 22.2% |
| CFO/Rev 3Y Avg | 23.8% |
| FCF/Rev LTM | 11.6% |
| FCF/Rev 3Y Avg | 12.1% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 167.7 |
| P/S | 3.8 |
| P/EBIT | 21.2 |
| P/E | 33.0 |
| P/CFO | 16.2 |
| Total Yield | 5.2% |
| Dividend Yield | 2.1% |
| FCF Yield 3Y Avg | 5.7% |
| D/E | 0.4 |
| Net D/E | 0.3 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -0.4% |
| 3M Rtn | 4.9% |
| 6M Rtn | 11.8% |
| 12M Rtn | 14.8% |
| 3Y Rtn | 73.6% |
| 1M Excs Rtn | -3.0% |
| 3M Excs Rtn | 0.6% |
| 6M Excs Rtn | -0.5% |
| 12M Excs Rtn | -0.6% |
| 3Y Excs Rtn | -6.2% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dominion Energy Virginia | 9,573 | 9,643 | 7,999 | 7,787 | 8,157 |
| Dominion Energy South Carolina | 3,375 | 3,330 | 2,975 | 2,787 | 2,952 |
| Corporate and other | 1,553 | 922 | 184 | 1,163 | 832 |
| Contracted Energy | 851 | 902 | 1,085 | 1,071 | 1,156 |
| Adjustments & Eliminations | -959 | -859 | -944 | -991 | -1,081 |
| Gas Distribution | 2,665 | 2,355 | 2,385 | ||
| Total | 14,393 | 13,938 | 13,964 | 14,172 | 14,401 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dominion Energy Virginia | 1,684 | 1,905 | 1,919 | 1,891 | 1,786 |
| Dominion Energy South Carolina | 377 | 505 | 437 | 419 | 430 |
| Contracted Energy | 99 | 188 | 431 | 402 | 460 |
| Adjustments & Eliminations | 0 | 0 | |||
| Corporate and other | -129 | -1,277 | -99 | -3,673 | -1,805 |
| Gas Distribution | 600 | 560 | 487 | ||
| Total | 2,031 | 1,321 | 3,288 | -401 | 1,358 |
| $ Mil | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Dominion Energy Virginia | 60,700 | 55,300 | 50,300 | 46,000 | 43,700 |
| Corporate and other | 26,100 | 29,600 | 7,100 | 8,600 | 24,000 |
| Dominion Energy South Carolina | 17,300 | 17,200 | 16,400 | 16,000 | 15,800 |
| Contracted Energy | 9,100 | 12,300 | 13,100 | 10,200 | |
| Adjustments & Eliminations | -4,100 | -5,500 | -5,000 | -4,900 | -5,900 |
| Gas Distribution | 8,200 | 18,500 | 17,100 | 16,000 | |
| Total | 109,100 | 104,800 | 99,600 | 95,900 | 103,800 |
Price Behavior
| Market Price | $59.20 | |
| Market Cap ($ Bil) | 50.5 | |
| First Trading Date | 10/03/1984 | |
| Distance from 52W High | -5.7% | |
| 50 Days | 200 Days | |
| DMA Price | $59.72 | $56.82 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -0.9% | 4.2% |
| 3M | 1YR | |
| Volatility | 18.8% | 22.8% |
| Downside Capture | -19.33 | 12.09 |
| Upside Capture | -18.99 | 24.47 |
| Correlation (SPY) | -15.8% | 25.6% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.30 | -0.19 | -0.08 | 0.02 | 0.32 | 0.32 |
| Up Beta | -0.28 | 0.27 | 0.09 | 0.22 | 0.46 | 0.32 |
| Down Beta | -0.38 | -0.61 | -0.64 | -0.63 | 0.31 | 0.23 |
| Up Capture | 13% | -4% | 25% | 29% | 15% | 11% |
| Bmk +ve Days | 12 | 25 | 38 | 73 | 141 | 426 |
| Stock +ve Days | 11 | 21 | 34 | 62 | 135 | 397 |
| Down Capture | -57% | -23% | 1% | 12% | 21% | 63% |
| Bmk -ve Days | 7 | 16 | 24 | 52 | 107 | 323 |
| Stock -ve Days | 8 | 20 | 28 | 62 | 112 | 347 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Comparison of D With Other Asset Classes (Last 1Y) | |||||||
|---|---|---|---|---|---|---|---|
| D | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 15.6% | 15.2% | 17.8% | 72.1% | 8.6% | 4.4% | -8.3% |
| Annualized Volatility | 22.7% | 15.9% | 19.4% | 19.3% | 15.2% | 17.0% | 35.0% |
| Sharpe Ratio | 0.56 | 0.70 | 0.72 | 2.70 | 0.34 | 0.09 | -0.08 |
| Correlation With Other Assets | 68.4% | 25.6% | 12.3% | 5.5% | 59.2% | 8.2% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Comparison of D With Other Asset Classes (Last 5Y) | |||||||
|---|---|---|---|---|---|---|---|
| D | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | -0.6% | 9.7% | 14.7% | 18.7% | 11.5% | 4.6% | 30.8% |
| Annualized Volatility | 22.4% | 17.2% | 17.1% | 15.5% | 18.7% | 18.9% | 48.7% |
| Sharpe Ratio | -0.06 | 0.43 | 0.70 | 0.97 | 0.50 | 0.16 | 0.57 |
| Correlation With Other Assets | 78.7% | 27.8% | 15.7% | 6.3% | 53.1% | 7.3% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Comparison of D With Other Asset Classes (Last 10Y) | |||||||
|---|---|---|---|---|---|---|---|
| D | Sector ETF | Equity | Gold | Commodities | Real Estate | Bitcoin | |
| Annualized Return | 3.0% | 10.5% | 14.8% | 15.3% | 7.0% | 5.3% | 69.2% |
| Annualized Volatility | 23.4% | 19.2% | 18.0% | 14.7% | 17.6% | 20.8% | 55.8% |
| Sharpe Ratio | 0.13 | 0.48 | 0.71 | 0.86 | 0.32 | 0.22 | 0.90 |
| Correlation With Other Assets | 83.5% | 41.4% | 13.8% | 10.6% | 59.2% | 6.4% | |
ETFs used for asset classes: Sector ETF = XLU, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Expand for More| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/31/2025 | -1.4% | 1.6% | 2.5% |
| 8/1/2025 | 3.4% | 5.6% | 2.5% |
| 5/1/2025 | 0.8% | 1.4% | 5.5% |
| 2/12/2025 | 0.4% | -0.1% | -1.7% |
| 11/1/2024 | -0.9% | -4.9% | -2.6% |
| 8/1/2024 | 3.7% | 3.0% | 5.0% |
| 5/2/2024 | 0.0% | 2.0% | 6.7% |
| 2/22/2024 | -1.5% | 4.5% | 6.2% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 14 | 12 |
| # Negative | 12 | 10 | 12 |
| Median Positive | 0.9% | 2.5% | 4.9% |
| Median Negative | -1.4% | -2.1% | -4.6% |
| Max Positive | 6.2% | 9.2% | 14.1% |
| Max Negative | -3.3% | -9.9% | -13.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 9302025 | 10312025 | 10-Q 9/30/2025 |
| 6302025 | 8012025 | 10-Q 6/30/2025 |
| 3312025 | 5012025 | 10-Q 3/31/2025 |
| 12312024 | 2272025 | 10-K 12/31/2024 |
| 9302024 | 11012024 | 10-Q 9/30/2024 |
| 6302024 | 8012024 | 10-Q 6/30/2024 |
| 3312024 | 5022024 | 10-Q 3/31/2024 |
| 12312023 | 2232024 | 10-K 12/31/2023 |
| 9302023 | 11082023 | 10-Q 9/30/2023 |
| 6302023 | 8042023 | 10-Q 6/30/2023 |
| 3312023 | 5052023 | 10-Q 3/31/2023 |
| 12312022 | 2212023 | 10-K 12/31/2022 |
| 9302022 | 11042022 | 10-Q 9/30/2022 |
| 6302022 | 8082022 | 10-Q 6/30/2022 |
| 3312022 | 5052022 | 10-Q 3/31/2022 |
| 12312021 | 2242022 | 10-K 12/31/2021 |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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