RTD coverage: Dominion's wind farm. The surcharge that Dominion Energy customers pay to finance its offshore wind farm will start coming down next year, when all of its 176 turbines will be up and running. Here's a look at the project and its progress. (10) updates to this series since 3 hrs ago Booming demand for electricity meant Dominion Energy's Virginia utility revenue rose 30.5% in the first half of 2026, but the price it paid for the fuel and imported electricity rose twice as fast. A federal judge in Norfolk is blocking the Trump Administration's order to stop work on Dominion Energy's offshore wind farm, 27 miles off the Virginia Beach Oceanfront. Dominion Energy says the Trump administration's order "sets forth no rational basis" for halting work on its wind farm 27 miles off of the Virginia Beach Oceanfront. President Donald Trump's tariffs setting taxes on imported goods will boost Dominion Energy's offshore wind project by more than $500 million - with half of that to be passed on to the company's ratepayers. Dominion Energy customers will see a rise in bills this fall to pay for the continuing costs of the electric company's $9 billion project to erect a wind farm 27 miles in the Atlantic off the Virginia Beach Oceanfront. The ship Dominion Energy needs to install 176 giant wind turbines in the Atlantic Ocean, 27 miles off the Virginia Beach Oceanfront has now been launched. Federal regulators issued the last two major approvals needed for Dominion Energy to begin construction of the largest U.S. offshore wind farm. Part of that difference is that every state to the north has deregulated the supply of electricity. While Dominion generates its own power, utilities in states that deregulated must buy power from companies specializing in generation. Though the challenge of financing offshore wind projects led a Danish firm to pull the plug on a New Jersey project, Dominion Energy is seeing interest from outside investors in backing its $9.8 billion offshore wind farm. A federal environmental review gives a green light to Dominion Energy's $9 billion offshore wind farm, located about 25 miles into the Atlantic from Virginia Beach's Oceanfront. State Government and politics As featured on. The surcharge that Dominion Energy customers pay to finance its offshore wind farm will start coming down next year, when all of its 176 turbines will be up and running.

Dominion Energy (NYSE: D) operating earnings jump 23.7%, guidance tilts to top half. Posted by ABMN Staff on Nov 2nd, 2026 What happened. Dominion Energy, Inc. (NYSE: D) grew third-quarter operating earnings 23.7% to $1.14 billion from $921 million a year earlier. The company expects to land in the top half of its 2026 operating EPS guidance range of $3.45 to $3.69 per share. Operating EPS rose 20.8% by OptimistFi's calculation, to $1.28 from $1.06. That is less than the gain in total earnings because average diluted shares rose to 882.1 million from 855.4 million. GAAP net income was $1.2 billion, or $1.30 per share, against $1.0 billion, or $1.16 per share, a year earlier. Per-share results in both years include $11 million a quarter in preferred dividends on Series C preferred stock. The company also reaffirmed its operating earnings, credit, dividend and long-term growth guidance. Key numbers. | Metric | Latest | Change | Source | | Operating earnings (non-GAAP), Q3 2026 | $1.14 billion | from $921 million, +23.7% | Calculated from SEC 8-K | | Operating EPS (non-GAAP), Q3 2026 | $1.28 | from $1.06, +20.8% | Calculated from SEC 8-K | | GAAP EPS, Q3 2026 | $1.30 | from $1.16, +12.1% | Calculated from SEC 8-K | | Dominion Energy Virginia operating earnings, Q3 2026 | $862 million | from $679 million, +27.0% | Calculated from SEC 8-K | | Operating EPS (non-GAAP), nine months ended Sept. 30, 2026 | $3.02 | from $2.74, +10.2% | Calculated from SEC 8-K | | 2026 operating EPS guidance range | $3.45 to $3.69 | / | SEC 8-K, Exhibit 99 | Where the gain came from. Dominion Energy Virginia delivered most of the increase. Its operating earnings rose to $862 million from $679 million, a $183 million gain. By OptimistFi's calculation the segment now makes up 75.7% of the company's quarterly operating earnings. The release lists the Virginia drivers: $137 million from 2025 Biennial Review impacts, $112 million from rider equity return and $55 million from weather. Higher electric capacity expense took back $48 million. Dominion Energy South Carolina earned $230 million, up from $168 million. Base RSA rate case impacts added $46 million, and weather helped too. Contracted Energy fell to $134 million from $165 million. Renewable energy investment tax credits subtracted $43 million and production tax credits added $36 million. The Corporate and Other loss narrowed to $87 million from $91 million. Why it matters. OptimistFi has argued that Dominion Energy turns regulated, capital-intensive investment into predictable earnings. Regulators generally allow recovery of prudent costs plus a return. The quarter fits that view. The Virginia segment carried the total, and its largest drivers are regulatory lines such as the Biennial Review and the rider equity return. The quarter strengthens the case. Three limits apply. Operating earnings are non-GAAP. The company says it cannot give a GAAP equivalent for its operating guidance, because items such as hedging marks and trust fund gains and losses cannot be estimated. Contracted Energy earnings fell. And the release's risk language cites the proposed merger with NextEra Energy, including whether regulatory approvals are obtained. Why GAAP and operating results diverge. In the quarter the gap was small, with GAAP EPS $0.02 above operating EPS. Over nine months it is wide. GAAP EPS is $2.37, down from $2.81 a year earlier. Operating EPS rose to $3.02 from $2.74. The nine-month gap traces to $661 million of pre-tax net losses in adjustments that the company excludes from operating earnings. The largest are an $820 million charge on nonregulated renewable natural gas facilities and a $79 million charge on certain nonregulated solar generation facilities. A $195 million benefit from revising asset retirement obligations at the Millstone nuclear power station offsets part of that. Market effects also sit in the adjustments. They are a $315 million net benefit, mainly $438 million from nuclear decommissioning trusts less $123 million from economic hedging. A $95 million line covers regulated asset retirements and other charges. It is mainly a net charge for Virginia Power's share of Coastal Virginia Offshore Wind (CVOW) Commercial project costs that the company does not expect to recover from customers. What's next. Dominion Energy hosts its third-quarter earnings call at 11 a.m. ET on Friday, Oct. 30, with a webcast on its investor site. Management said it will discuss recent financial results. Fourth-quarter results will show whether full-year operating EPS lands in the top half of the range. Operating EPS in the fourth quarter of 2025 was $0.68. A finish below the top half, or more CVOW costs the company does not expect to recover from customers, would weaken the case. From optimistfi perps. Sources. * Dominion Energy, Inc. news release, Oct. 30, 2026 (Exhibit 99 to Form 8-K) - Third-quarter 2026 results, guidance, GAAP and operating earnings schedules and reconciliations * Dominion Energy, Inc. Form 8-K, Oct. 30, 2026 - Item 2.02 cover filing furnishing the earnings release Browse every company OptimistFi covers at optimistfi.com/stocks, or read the latest evidence-first research. Originally published on OptimistFi, evidence-first equity research. More at optimistfi.com.

Dominion Energy reported third-quarter revenue of $5.6 billion, up about 24% from a year earlier. Net income rose about 17% to $1.16 billion, and basic earnings per share climbed 13% to $1.32. The stock closed at $65.12 before the report and now trades at $66.62, a 2.3% gain. Demand from data centres is growing. The large-load queue exceeds 54GW, and more than 12GW is under service agreements, up about 6GW since year end. Risks remain. The Coastal Virginia Offshore Wind project is roughly 85% built, but the final turbine is delayed six months. Its cost estimate stands at about $11.65 billion. Virginia regulators have also proposed about 57 conditions on the NextEra merger.