Dominion Energy's Q4 earnings fell short of expectations, and the stock price declined slightly.

Richmond, Virginia — On Monday, Dominion Energy Inc. (NYSE:D) announced its fourth-quarter adjusted earnings per share of $0.68, below analysts’ expectations of $0.69, with revenue of $4.09 billion, surpassing the market forecast of $3.77 billion.

Following the earnings release, the company’s stock fell 1.46% in pre-market trading.

The utility company reported an adjusted full-year earnings per share of $3.42 for fiscal 2025, up from $2.77 in 2024. Revenue for this quarter increased 20% year-over-year, from $3.4 billion to $4.09 billion.

The company provided a fiscal 2026 adjusted earnings per share guidance range of $3.45 to $3.69, with a midpoint of $3.57, below the consensus analyst estimate of $3.60.

The 2026 guidance includes $0.07 per share from revenue related to renewable natural gas 45Z. Dominion Energy has extended its long-term annual EPS growth target of 5% to 7% through 2030, indicating that the growth rate from 2028 to 2030 is likely to be toward the upper half of that range.

The company’s Dominion Energy Virginia segment contributed $0.63 per share this quarter, up from $0.52 in the same period last year, mainly benefiting from higher equity return on surcharges (an increase of $96 million) and increased customer electricity usage.

However, this was offset by proceeds from the sale of non-controlling interests, which reduced earnings by $40 million. For the full year, Virginia segment earnings per share were $2.72, up $0.32 from 2024, primarily due to a $507 million increase in surcharge equity returns.

The Contract Energy segment reported earnings of $0.14 per share this quarter, double the $0.07 per share in the same period last year, benefiting from a $53 million reduction in Millstone shutdown costs and a $44 million increase in renewable energy production tax credits.

Dominion Energy South Carolina contributed $0.12 per share, unchanged from the previous year.

“The company has extended its long-term annual EPS growth target of 5% to 7% through 2030, based on a midpoint of $3.30 in operating EPS for 2025 (excluding revenue from renewable natural gas 45Z), and indicated that the growth rate from 2028 to 2030 is likely to be toward the upper half of that range,” the company stated.

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