Dominion Energy Q4 Earnings: Revenue Miss, Higher Costs, Weather Challenges And More
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 12 2025
0mins
Source: Benzinga
Fourth Quarter Financial Performance: Dominion Energy reported fourth-quarter revenue of $3.4 billion, falling short of the expected $3.941 billion, while adjusted operating earnings increased to $504 million and adjusted EPS rose to $0.58, surpassing the consensus of $0.56.
Future Outlook and Dividends: The company revised its 2025 operating earnings guidance to a range of $3.28 – $3.52 per share and reaffirmed its long-term growth target of 5%–7% through 2029, alongside declaring a quarterly dividend of 66.75 cents per share.
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Analyst Views on D
Wall Street analysts forecast D stock price to fall
12 Analyst Rating
2 Buy
9 Hold
1 Sell
Hold
Current: 69.260
Low
59.00
Averages
64.36
High
70.00
Current: 69.260
Low
59.00
Averages
64.36
High
70.00
About D
Dominion Energy, Inc. provides regulated electricity service to approximately 3.6 million homes and businesses in Virginia, North Carolina and South Carolina, and regulated natural gas service to over 500,000 customers in South Carolina. It develops and operates regulated offshore wind and solar power and is the producer of carbon-free electricity in New England. Its Dominion Energy Virginia segment includes 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 includes 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 nonregulated long-term contracted electric generation fleet and natural gas facilities.
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.
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- Impact on Clean Energy: The senator expressed worries that NextEra's lobbying efforts in New England have already harmed clean energy competition, alongside other business practices that could lead to increased prices for consumers.
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See More
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- Positive Market Reaction: Crinetics shares surged 98%, while Dominion Energy and BioCryst gained 0.8% and 8%, respectively, indicating investor preference for companies linked to major acquisition activity and AI infrastructure demand, driving these stocks to new 52-week highs.
- Optimistic Outlook for Dominion: Dominion Energy's stock climbed to $70.59, a three-year high, benefiting from its extensive pipeline of power projects in Northern Virginia and its proposed merger with NextEra Energy, highlighting its growing role in supplying electricity to AI data centers.
- BioCryst's Strategic Shift: BioCryst Pharmaceuticals reached a new 52-week high of $11.02 as it plans to close its Birmingham research center and partner with external firms to cut costs and achieve profitability, with RBC Capital raising its price target to $14, reflecting strong momentum in biotech stocks.
See More
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- Significant Acquisition Premium: Crinetics Pharmaceuticals' stock reached $83.63 after Vertex agreed to acquire the company for approximately $10 billion, with a purchase price of $85 per share, representing a 102% premium over Monday's closing price, marking Vertex's largest acquisition to date and enhancing its market position in the endocrine sector.
- Positive Market Reaction: Crinetics surged 98%, while Dominion Energy and BioCryst gained 0.8% and 8%, respectively, indicating strong investor preference for companies linked to major acquisition activity and AI infrastructure demand, driving these stocks to new 52-week highs.
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- BioCryst Focuses on Cash Flow: BioCryst shares hit a new high of $11.02 as the company plans to close its Birmingham research center and rely on external partners for early-stage research, expected to cut costs and accelerate profitability, with RBC Capital raising its price target to $14, reflecting strong momentum in biotech stocks.
See More
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- Strong Aerospace Division: Honeywell Aerospace shares have surged 15% over the past three sessions, currently priced at approximately $220, with analysts setting a target of $285, highlighting its attractiveness for long-term growth.
- Tech Sector Rebound: As investors rotate back into AI themes, technology stocks, including semiconductors, are rebounding, boosting overall market sentiment against a backdrop of capital outflows from healthcare and consumer retail sectors.
- Goldman and Wells Fargo Performance: Goldman Sachs shares rose over 2%, ranking first in global M&A fees for the first half of 2026, while Wells Fargo's price target was raised, reflecting investor optimism about its trading revenues and upcoming earnings.
See More
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- Electricity Demand Surge: Electricity demand is projected to grow by 60% from 2025 to 2045, primarily driven by artificial intelligence and data centers, prompting utility companies to ramp up investments to meet this demand, thereby catalyzing industry growth.
- Investor Considerations: As regulated utilities must pass on spending through rate increases, regulatory approval becomes crucial, especially amid high inflation and rising electricity costs, which could pressure utility profitability if costs cannot be fully transferred.
- Bloom Energy Opportunity: Bloom Energy's hydrogen fuel cells have a backlog of $6 billion at the start of 2026, up 2.5 times year-over-year, indicating strong demand in the AI data center market, although its price-to-sales ratio of 29x suggests that market expectations for future success are already reflected in its stock price.
- Renewable Energy Investment: Brookfield Renewable Partners boasts a diversified portfolio of renewable assets and is expected to benefit from AI demand, offering a distribution yield of 4.5% with plans for annual growth of 5% to 9%, providing investors with a stable income stream.
See More
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- Surging Power Demand: Utilities are projected to spend up to $240 billion by 2026 to meet AI-driven electricity demand, which will likely lead to increased power prices and impact industry profitability.
- Investor Considerations: With electricity demand growing by 10% from 2005 to 2025 and expected to rise by 60% from 2025 to 2045, utility companies must ramp up capital investments to meet this escalating demand.
- Company Options: Bloom Energy's hydrogen fuel cells have a $6 billion backlog at the start of 2026, up 2.5 times year-over-year, indicating strong potential for powering AI data centers, while Brookfield Renewable Partners attracts dividend-seeking investors with a 4.5% distribution yield.
- Market Outlook: NextEra Energy's proposed acquisition of Dominion Energy, which operates in one of the world's largest data center markets, is expected to drive annual earnings growth of about 9% post-acquisition, further solidifying its leadership in renewable energy.
See More
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- Opposition to Acquisition: Senator Angus King stated in a letter to the Federal Energy Regulatory Commission that NextEra Energy's proposed $67 billion acquisition of Dominion Energy should be rejected, citing concerns over excessive power consolidation affecting over 10 million people.
- Competition Concerns: King highlighted that the merged entity would create the world's largest regulated electric utility by market capitalization, potentially stifling competition and allowing a single firm to exert significant influence across generation and transmission sectors.
- Impact on Clean Energy: The senator expressed worries that NextEra's lobbying efforts in New England have already harmed clean energy competition, alongside other business practices that could lead to increased prices for consumers.
- Regulatory Challenges Ahead: The opposition to this acquisition could pose significant challenges for NextEra's future growth, particularly in a climate where energy market competition and consumer protection are under heightened scrutiny.
See More
