Dominion Energy (D) Q4 2025 Earnings Transcript
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 23 2026
0mins
Should l Buy D?
Source: NASDAQ.COM
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Analyst Views on D
Wall Street analysts forecast D stock price to rise
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 62.680
Low
59.00
Averages
64.36
High
70.00
Current: 62.680
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to about 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. It is a developer and operator of regulated offshore wind and solar power and the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment is composed of Virginia Power’s regulated electric transmission, distribution, and generation operations, which serve homes and businesses in Virginia and North Carolina. Its Dominion Energy South Carolina segment consists of DESC’s generation, transmission, and distribution of electricity to customers in the central, southern and southwestern portions of South Carolina and the distribution of natural gas to residential, commercial and industrial customers in South Carolina. Its Contracted Energy segment includes non-regulated electric generation fleet and renewable natural gas operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Trump Pushes Tech Firms for Self-Powered AI Data Centers
- Self-Power Commitment: Trump is set to sign an agreement with major tech firms like Amazon, Google, and Meta, mandating them to supply their own power for AI data centers, addressing rising public anger over electricity prices, although the specifics of the commitment remain unclear.
- Rising Electricity Pressure: Average residential electricity prices in the U.S. increased by 6% in 2025, contrasting Trump's promise to halve prices during his term, highlighting the government's challenges in controlling energy costs, which could impact his support in the midterm elections.
- Implementation Challenges: The decentralized nature of electric grid regulations across states poses significant hurdles for the Trump administration in converting the pledge into actionable policy, with experts indicating that new federal legislation is necessary to address power supply shortages.
- Increased Political Pressure: Trump is leveraging his political influence to pressure tech companies into absorbing the costs associated with their data centers, despite the complexities arising from state-level regulation of power generation, which may complicate policy implementation.
See More
Dominion Energy Shares Decline for Seven Consecutive Sessions
- Stock Price Decline: Dominion Energy (D) shares have declined for seven consecutive sessions, closing down 0.4% at $62.79 on Tuesday, following a nearly 2% drop over the previous six sessions, indicating market concerns about its future performance.
- Earnings Beat Expectations: Despite the stock's decline, the company reported a Q4 non-GAAP EPS of $0.68, beating estimates by $0.01, with revenue rising 20% YoY to $4.09 billion, exceeding expectations by $370 million, demonstrating resilience in its fundamentals.
- Divergent Analyst Ratings: According to Seeking Alpha's Quant Rating, Dominion Energy holds a 3.02 Hold rating; while three analysts rated it Buy or stronger, the majority (15 analysts) maintain a Hold recommendation, reflecting concerns over its momentum and profitability.
- Long-Term Growth Potential: Analysts highlight that despite project risks and equity dilution concerns, Dominion Energy is positioned for long-term returns, supported by a robust $50 billion capital plan and a 4.3% dividend yield, particularly with the Coastal Virginia Wind project and surging data center demand underpinning its growth.
See More
Dominion Energy and Williams Companies Forecast Growth Amid Tariff Challenges
- Data Center Growth: Dominion Energy reported a 14% revenue increase to $16.5 billion in 2025, with operating EPS expected to grow by 5% to 7% annually, indicating strong profitability and market competitiveness amid surging demand from data centers.
- Rising Natural Gas Demand: Williams Companies saw a 9% increase in adjusted EBITDA to $7.8 billion in 2025, benefiting from its 33,000 miles of pipeline network, particularly driven by increased domestic natural gas demand during colder winters and from data centers.
- Stable Cash Flow: With 13 consecutive years of adjusted EBITDA growth, Williams Companies' long-term contracts ensure stable cash flow, enhancing its resilience against tariff impacts and market fluctuations.
- Dividend Growth Potential: Dominion Energy offers a dividend yield of around 4%, while Williams Companies raised its dividend by 5% this year, showcasing both companies' strong performance in delivering returns, appealing to income-seeking investors.
See More
Energy Companies Thrive Amid Tariff Concerns
- Rising Power Demand: Dominion Energy serves 4.5 million electric and natural gas customers, with an expected annual operating EPS growth of 5% to 7% through 2030, indicating strong market demand and profitability.
- Increased Capital Expenditure: Dominion has raised its five-year capital spending plan by approximately $15 billion to support electricity demand from data centers, which is expected to significantly enhance future earnings.
- Stable Cash Flow: Williams Companies delivers one-third of the natural gas used in the U.S. through 33,000 miles of pipelines, with long-term contracts ensuring stable cash flow; its adjusted EBITDA rose 9% to $7.8 billion in 2025.
- Consistent Dividend Growth: Williams raised its dividend by 5% this year, marking the 52nd consecutive year of dividends, demonstrating its strong financial health and commitment to shareholders.
See More
Tariff-Proof Energy Stocks to Buy Now
- Tariff Impact Analysis: President Trump’s announcement to raise tariffs on most imports to 15% is expected to increase costs for nearly all businesses, particularly in steel and electronics, leading to a negative impact on the overall market.
- Dominion Energy Performance: Dominion Energy reported a 14% revenue increase to $16.5 billion in 2025, with EPS rising 48% to $3.45, and it anticipates annual operating EPS growth of 5% to 7% through 2030, indicating strong profitability and stable growth prospects.
- Williams Companies Stability: Williams Companies achieved a 9% increase in adjusted EBITDA to $7.8 billion in 2025, marking 13 consecutive years of EBITDA growth, demonstrating robust cash flow and risk resilience in the domestic market, with its stock price up over 21% this year.
- Investment Return Potential: Dominion Energy offers a dividend yield of around 4%, while Williams Companies raised its dividend by 5% this year after 52 consecutive years of increases, indicating both companies can still provide stable returns for investors in the current economic climate.
See More
Trump Pushes Energy Commitment from Data Centers
- Political Commitment: In his State of the Union address, Trump mentioned securing a pledge from major tech companies to supply power for data centers, although details remain unclear, this could impact future electricity supply and cost structures.
- Growing Power Demand: NextEra Energy plans to build 15 gigawatts of new power capacity to meet data center demands, indicating a shift towards gas generation while emphasizing renewable energy, reflecting changing policy directions.
- Market Dynamics: With accelerated data center construction, the U.S. is expected to face a net negative power supply by 2029, tightening the electricity market and boosting market share for independent power producers.
- Investment Opportunities: Wells Fargo has named Constellation Energy as its top pick among independent power producers, projecting a 40% stock price increase, while other independent producers like NRG and Talen are also viewed positively, indicating optimistic sentiment towards data center-related investments.
See More
Trump Pushes Tech Firms for Self-Powered AI Data Centers
- Self-Power Commitment: Trump is set to sign an agreement with major tech firms like Amazon, Google, and Meta, mandating them to supply their own power for AI data centers, addressing rising public anger over electricity prices, although the specifics of the commitment remain unclear.
- Rising Electricity Pressure: Average residential electricity prices in the U.S. increased by 6% in 2025, contrasting Trump's promise to halve prices during his term, highlighting the government's challenges in controlling energy costs, which could impact his support in the midterm elections.
- Implementation Challenges: The decentralized nature of electric grid regulations across states poses significant hurdles for the Trump administration in converting the pledge into actionable policy, with experts indicating that new federal legislation is necessary to address power supply shortages.
- Increased Political Pressure: Trump is leveraging his political influence to pressure tech companies into absorbing the costs associated with their data centers, despite the complexities arising from state-level regulation of power generation, which may complicate policy implementation.
See More
Dominion Energy Shares Decline for Seven Consecutive Sessions
- Stock Price Decline: Dominion Energy (D) shares have declined for seven consecutive sessions, closing down 0.4% at $62.79 on Tuesday, following a nearly 2% drop over the previous six sessions, indicating market concerns about its future performance.
- Earnings Beat Expectations: Despite the stock's decline, the company reported a Q4 non-GAAP EPS of $0.68, beating estimates by $0.01, with revenue rising 20% YoY to $4.09 billion, exceeding expectations by $370 million, demonstrating resilience in its fundamentals.
- Divergent Analyst Ratings: According to Seeking Alpha's Quant Rating, Dominion Energy holds a 3.02 Hold rating; while three analysts rated it Buy or stronger, the majority (15 analysts) maintain a Hold recommendation, reflecting concerns over its momentum and profitability.
- Long-Term Growth Potential: Analysts highlight that despite project risks and equity dilution concerns, Dominion Energy is positioned for long-term returns, supported by a robust $50 billion capital plan and a 4.3% dividend yield, particularly with the Coastal Virginia Wind project and surging data center demand underpinning its growth.
See More
Dominion Energy and Williams Companies Forecast Growth Amid Tariff Challenges
- Data Center Growth: Dominion Energy reported a 14% revenue increase to $16.5 billion in 2025, with operating EPS expected to grow by 5% to 7% annually, indicating strong profitability and market competitiveness amid surging demand from data centers.
- Rising Natural Gas Demand: Williams Companies saw a 9% increase in adjusted EBITDA to $7.8 billion in 2025, benefiting from its 33,000 miles of pipeline network, particularly driven by increased domestic natural gas demand during colder winters and from data centers.
- Stable Cash Flow: With 13 consecutive years of adjusted EBITDA growth, Williams Companies' long-term contracts ensure stable cash flow, enhancing its resilience against tariff impacts and market fluctuations.
- Dividend Growth Potential: Dominion Energy offers a dividend yield of around 4%, while Williams Companies raised its dividend by 5% this year, showcasing both companies' strong performance in delivering returns, appealing to income-seeking investors.
See More
Energy Companies Thrive Amid Tariff Concerns
- Rising Power Demand: Dominion Energy serves 4.5 million electric and natural gas customers, with an expected annual operating EPS growth of 5% to 7% through 2030, indicating strong market demand and profitability.
- Increased Capital Expenditure: Dominion has raised its five-year capital spending plan by approximately $15 billion to support electricity demand from data centers, which is expected to significantly enhance future earnings.
- Stable Cash Flow: Williams Companies delivers one-third of the natural gas used in the U.S. through 33,000 miles of pipelines, with long-term contracts ensuring stable cash flow; its adjusted EBITDA rose 9% to $7.8 billion in 2025.
- Consistent Dividend Growth: Williams raised its dividend by 5% this year, marking the 52nd consecutive year of dividends, demonstrating its strong financial health and commitment to shareholders.
See More
Tariff-Proof Energy Stocks to Buy Now
- Tariff Impact Analysis: President Trump’s announcement to raise tariffs on most imports to 15% is expected to increase costs for nearly all businesses, particularly in steel and electronics, leading to a negative impact on the overall market.
- Dominion Energy Performance: Dominion Energy reported a 14% revenue increase to $16.5 billion in 2025, with EPS rising 48% to $3.45, and it anticipates annual operating EPS growth of 5% to 7% through 2030, indicating strong profitability and stable growth prospects.
- Williams Companies Stability: Williams Companies achieved a 9% increase in adjusted EBITDA to $7.8 billion in 2025, marking 13 consecutive years of EBITDA growth, demonstrating robust cash flow and risk resilience in the domestic market, with its stock price up over 21% this year.
- Investment Return Potential: Dominion Energy offers a dividend yield of around 4%, while Williams Companies raised its dividend by 5% this year after 52 consecutive years of increases, indicating both companies can still provide stable returns for investors in the current economic climate.
See More
Trump Pushes Energy Commitment from Data Centers
- Political Commitment: In his State of the Union address, Trump mentioned securing a pledge from major tech companies to supply power for data centers, although details remain unclear, this could impact future electricity supply and cost structures.
- Growing Power Demand: NextEra Energy plans to build 15 gigawatts of new power capacity to meet data center demands, indicating a shift towards gas generation while emphasizing renewable energy, reflecting changing policy directions.
- Market Dynamics: With accelerated data center construction, the U.S. is expected to face a net negative power supply by 2029, tightening the electricity market and boosting market share for independent power producers.
- Investment Opportunities: Wells Fargo has named Constellation Energy as its top pick among independent power producers, projecting a 40% stock price increase, while other independent producers like NRG and Talen are also viewed positively, indicating optimistic sentiment towards data center-related investments.
See More
