Dominion Energy reveals strong Q4 and FY 2025 earnings growth

Dominion Energy (NYSE:D), today reported robust fourth-quarter and full-year 2025 financial results, reflecting solid regulated utility performance, higher contributions from generation and renewable projects, and favorable weather impacts.

For the fourth quarter ended December 31, 2025, Dominion posted GAAP net income of $567 million, or $0.65 per share, compared with $134 million, or $0.14 per share, in the year-ago period.

The significant year-over-year increase was driven by higher operating earnings, reduced storm-related expenses, and other favorable items.

Operating earnings (a non-GAAP measure that excludes certain items not reflective of ongoing operations) rose to $593 million, or $0.68 per share, from $504 million, or $0.58 per share, in Q4 2024, marking a 17% per-share increase.

For the full year 2025, GAAP net income totaled $3 billion, or $3.45 per share, up from $2 billion, or $2.33 per share, in 2024.

Operating earnings reached $3 billion, or $3.42 per share, compared with $2.4 billion, or $2.77 per share, in the prior year, representing approximately 23% growth on a per-share basis.

Looking forward, Dominion issued 2026 operating earnings guidance of $3.45 to $3.69 per share, with a midpoint of $3.57 per share.

The outlook incorporates an estimated $0.07 per share benefit from Renewable Natural Gas (RNG) under the forthcoming 45Z clean fuel production tax credit.