Analyst Consensus ?
ConsensusHold29 ratings
Bullish1034.5%
Neutral1758.6%
Bearish26.9%
1 unmapped firm rating excluded from the percentages.
Dominion Energy, Inc. · D · FY2026 Q1 · Calendar Q2 2026
Dominion Energy Q1 2026: EPS Beat, CVOW First Power, Battery Storage Upside
Dominion Energy's Q1 2026 results reinforce a regulated-utility growth narrative anchored by data center demand in Virginia, offshore wind progress, and newly enacted battery storage legislation. The EPS beat and reaffirmed 5-7% long-term growth target signal execution is on track, while the expanded capital plan and storage mandate extend the runway for multi-year regulated investment.
Reported Before market openNYSEUtilities
$62.11B market cap
100quality score
Company context
Snapshot as of publicationHeadquartered in Richmond, Virginia, Dominion Energy, Inc., founded in 1983 (and formerly known as Dominion Resources, Inc.), is a prominent American energy firm primarily engaged in the generation and supply of power across the United States. The company's operations are divided into four primary divisions. The Dominion Energy Virginia division is responsible for the regulated production, transmission, and local delivery of electricity, serving an estimated 2.7 million residential, commercial, industrial, and governmental clients throughout Virginia and North Carolina. Its Gas Distribution segment oversees the regulated sale, transport, collection, storage, and local delivery of natural gas. This segment caters to approximately 3.1 million residential, commercial, and industrial customers spread across Ohio, West Virginia, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho. Furthermore, it operates several unregulated facilities dedicated to renewable natural gas production.…
Earnings scorecard
Reported versus consensus
Reported EPS
$0.95
Consensus $1
EPS surprise
+5.3%
Reported versus consensus
Reported revenue
$5.02B
Consensus $4.43B
Revenue surprise
+13.3%
Reported versus consensus
Earnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$70.4Current
$52Low
$66.85Average
$92High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Jul 29, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Market Perform | Market Perform | Maintain | Jul 22, 2026 |
| Barclays | Overweight | Overweight | Maintain | Jun 23, 2026 |
| Truist Securities | Hold | Hold | Maintain | May 29, 2026 |
| Jefferies | Buy | Hold | Upgrade | May 28, 2026 |
| Mizuho | Neutral | Neutral | Maintain | May 26, 2026 |
| Seaport Global | Neutral | Buy | Downgrade | May 20, 2026 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 19, 2026 |
| Wells Fargo | Overweight | Overweight | Maintain | May 15, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Apr 21, 2026 |
| B of A Securities | Neutral | Neutral | Maintain | Apr 15, 2026 |
| Scotiabank | Sector Perform | Sector Perform | Maintain | Mar 2, 2026 |
| JP Morgan | Underweight | Underweight | Maintain | Dec 11, 2025 |
| UBS | Neutral | Neutral | Maintain | Mar 21, 2025 |
| Evercore ISI Group | In Line | In Line | Maintain | May 3, 2024 |
| Guggenheim | Buy | Buy | Maintain | Mar 4, 2024 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 14, 2023 |
| Goldman Sachs | Neutral | Sell | Upgrade | Nov 14, 2022 |
| Wolfe Research | Peer Perform | Outperform | Downgrade | Nov 7, 2022 |
| Keybanc | Overweight | Downgrade | Oct 20, 2022 | |
| CFRA | Buy | Buy | Maintain | Feb 11, 2020 |
| Citigroup | Neutral | Neutral | Maintain | Feb 3, 2020 |
| Bank of America | Neutral | Underperform | Upgrade | Jun 13, 2019 |
| Macquarie | Neutral | Outperform | Downgrade | Mar 18, 2019 |
| Argus Research | Buy | Buy | Maintain | Sep 19, 2018 |
| Argus | Buy | Buy | Maintain | Sep 19, 2018 |
| Deutsche Bank | Hold | Hold | Maintain | Aug 3, 2017 |
| Scotia Howard Weil | Outperform | Sector Outperform | Maintain | Nov 17, 2015 |
| S&P Capital IQ | Sell | Hold | Downgrade | Jan 31, 2014 |
| ISI Group | Buy | Neutral | Upgrade | Sep 16, 2013 |
| Atlantic Equities | Overweight | Neutral | Upgrade | Apr 9, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $70.4. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | David Arcaro | $71 | $70.84 | +0.9% | Jul 22, 2026 |
| Morgan Stanley | Analyst unavailable | $69 | $68.98 | -2.0% | Jun 24, 2026 |
| Barclays | Nicholas Campanella | $69 | $68.05 | -2.0% | Jun 23, 2026 |
| Jefferies | Analyst unavailable | $76 | $67.2 | +8.0% | May 28, 2026 |
| Mizuho Securities | Anthony Crowdell | $72 | $67.67 | +2.3% | May 26, 2026 |
| RBC Capital | Stephen D'Ambrisi | $72 | $67.56 | +2.3% | May 18, 2026 |
| Wells Fargo | Shahriar Pourreza | $68 | $62.97 | -3.4% | May 15, 2026 |
| Barclays | Nicholas Campanella | $70 | $63.94 | -0.6% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $68 | $61.55 | -3.4% | Apr 21, 2026 |
| Wells Fargo | Analyst unavailable | $66 | $62.22 | -6.3% | Apr 21, 2026 |
| Truist Financial | Analyst unavailable | $67 | $62.22 | -4.8% | Apr 20, 2026 |
| Jefferies | Analyst unavailable | $65 | $65.07 | -7.7% | Apr 10, 2026 |
| Mizuho Securities | Analyst unavailable | $66 | $64.23 | -6.3% | Feb 24, 2026 |
| Morgan Stanley | Analyst unavailable | $67 | $65.92 | -4.8% | Feb 20, 2026 |
| RBC Capital | Stephen D'Ambrisi | $69 | $59.42 | -2.0% | Jan 23, 2026 |
| UBS | Analyst unavailable | $64 | $59.34 | -9.1% | Dec 17, 2025 |
| BMO Capital | Analyst unavailable | $65 | $58.69 | -7.7% | Nov 3, 2025 |
| RBC Capital | Stephen D'Ambrisi | $70 | $60.8 | -0.6% | Oct 27, 2025 |
| Wells Fargo | Shahriar Pourreza | $67 | $60.8 | -4.8% | Oct 27, 2025 |
| Morgan Stanley | Analyst unavailable | $66 | $61.45 | -6.3% | Oct 22, 2025 |
| Barclays | Nicholas Campanella | $63 | $61.5 | -10.5% | Oct 7, 2025 |
| Evercore ISI | Nicholas Amicucci | $67 | $61.5 | -4.8% | Oct 6, 2025 |
| Morgan Stanley | David Arcaro | $63 | $60.03 | -10.5% | Sep 25, 2025 |
| Morgan Stanley | David Arcaro | $60 | $54.18 | -14.8% | Jun 18, 2025 |
| Morgan Stanley | David Arcaro | $62 | $55.66 | -11.9% | May 22, 2025 |
| Morgan Stanley | David Arcaro | $61 | $57.46 | -13.4% | Dec 2, 2024 |
| Goldman Sachs | Carly Davenport | $61 | $57.29 | -13.4% | Nov 8, 2024 |
| Jefferies | Julien Dumoulin-Smith | $58 | $57.48 | -17.6% | Sep 19, 2024 |
| Evercore ISI | Durgesh Chopra | $56 | $56.46 | -20.5% | Aug 23, 2024 |
| BMO Capital | James Thalacker | $57 | $56.08 | -19.0% | Aug 5, 2024 |
| BMO Capital | James Thalacker | $52 | $51.5 | -26.1% | May 6, 2024 |
| Mizuho Securities | Anthony Crowdell | $52 | $51.16 | -26.1% | May 3, 2024 |
| Barclays | Nicholas Campanella | $49 | $48.91 | -30.4% | Apr 15, 2024 |
| Barclays | Eric Beaumont | $52 | $42.32 | -26.1% | Oct 4, 2023 |
| J.P. Morgan | Jeremy Tonet | $55 | $49.21 | -21.9% | Aug 4, 2023 |
| Seaport Global | Angie Storozynski | $59 | $49.86 | -16.2% | Jun 5, 2023 |
| Mizuho Securities | Anthony Crowdell | $58 | $54.06 | -17.6% | May 16, 2023 |
| Morgan Stanley | Analyst unavailable | $65 | $63.1 | -7.7% | Feb 2, 2023 |
| J.P. Morgan | Analyst unavailable | $66 | $61.85 | -6.3% | Jan 11, 2023 |
| Wells Fargo | Sarah Akers | $64 | $58.25 | -9.1% | Dec 7, 2022 |
| UBS | Analyst unavailable | $63 | $59.18 | -10.5% | Dec 6, 2022 |
| Goldman Sachs | Michael Lapides | $69 | $61.66 | -2.0% | Nov 13, 2022 |
| Credit Suisse | Michael Weinstein | $69 | $62.16 | -2.0% | Nov 7, 2022 |
| Morgan Stanley | Analyst unavailable | $90 | $78.32 | +27.8% | Sep 22, 2022 |
| Morgan Stanley | Analyst unavailable | $92 | $84.25 | +30.7% | Aug 23, 2022 |
| BMO Capital | Analyst unavailable | $91 | $81.77 | +29.3% | Aug 9, 2022 |
| Mizuho Securities | Anthony Crowdell | $81 | $78.94 | +15.1% | Jul 27, 2022 |
| Morgan Stanley | Analyst unavailable | $84 | $75.58 | +19.3% | Jul 21, 2022 |
| Barclays | Analyst unavailable | $86 | $79.2 | +22.2% | Jul 18, 2022 |
| UBS | Analyst unavailable | $90 | $79.02 | +27.8% | Jun 30, 2022 |
| Morgan Stanley | Analyst unavailable | $87 | $83.52 | +23.6% | May 23, 2022 |
| Mizuho Securities | Anthony Crowdell | $87 | $82.15 | +23.6% | May 10, 2022 |
| Morgan Stanley | Analyst unavailable | $94 | $86.99 | +33.5% | Apr 20, 2022 |
| Mizuho Securities | Anthony Crowdell | $82 | $79.16 | +16.5% | Jan 10, 2022 |
| Scotiabank | Andrew Weisel | $92 | $73.51 | +30.7% | Jul 6, 2021 |
Track every rating change on D the moment it posts. Free to start.
Start freeMarket reaction
prior-close to event-session close
Stock move
-0.9%
Event window
SPY move
+0.3%
Same window
Abnormal move
-1.1%
Stock minus SPY
Volume
1.4×
Versus trailing sessions
Subsequent drift
+1.0%
Up to 20 sessions
DSPY benchmark
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What changed
Q1 operating EPS of $0.95 (GAAP $0.69) beat the $0.90 consensus by 5.3%, and revenue of $5.02 billion exceeded the $4.43 billion estimate by 13.3%. CVOW reached over 75% completion and delivered first power in March, with the project budget reduced by approximately $100 million to $11.4 billion. Virginia passed HB 895 and SB 448, raising the grid-scale storage target from 3 GW to 20 GW by 2045. Data center contracted demand now exceeds 50 GW with 10.4 GW under service agreements, up from 48 GW last quarter. The stock's abnormal move on the report day was -1.1% versus a +0.3% benchmark move, followed by a +1.0% drift over the subsequent period.
Guidance delta
All prior guidance was reaffirmed, including the 5-7% long-term EPS growth target with a bias toward the upper half beginning in 2028. Guidance sentiment was maintained and management tone remained confident. The capex outlook continues to increase, supported by the $2 billion battery storage allocation within the $65 billion five-year capital plan and new Virginia storage legislation.
Key takeaways
- Q1 operating EPS of $0.95 (GAAP $0.69) beat the $0.90 consensus by 5.3%; revenue of $5.02 billion topped estimates by 13.3%.
- CVOW is over 75% complete, delivered first power in March 2026, and the budget was trimmed ~$100 million to $11.4 billion with $123 million of unused contingency.
- Virginia battery storage legislation (HB 895/SB 448) raises the grid-scale storage target to 20 GW by 2045 from 3 GW, creating a $2 billion capital-plan opportunity.
- Data center electricity demand exceeds 50 GW with 10.4 GW under service agreements, up from 48 GW contracted last quarter.
- Millstone nuclear contract runs through August 2029; Connecticut launched a new RFP, and Dominion is exploring recontracting and expansion beyond 55% of capacity.
Management priorities
- Complete CVOW turbine installation and commissioning on the 2026-2027 timeline.
- Accelerate battery storage deployment within the $2 billion allocation and explore long-duration storage technologies.
- Update the Integrated Resource Plan in fall 2026 to reflect the battery storage ramp.
- Pursue Millstone nuclear recontracting and potential expansion.
- Evaluate SMR and AP1000 nuclear options with risk-mitigation principles.
- Maintain credit strength with FFO-to-debt ratios above 15%.
Related earnings events
UtilitiesSources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-07-29T16:51:35.325125+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-07-29T16:51:35.322679+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated . For educational purposes only; not investment advice.