Dominion Energy Inc (0IC9.L) Q1 2026 Earnings Report

Dominion Energy reported a solid start to 2026, anchored by a robust regulated investment profile and meaningful progress on high-profile projects. Q1 2026 revenue reached $5.019 billion with net income of $785 million and earnings per share (GAAP) of $0.69, while operating earnings per share (non-GAAP) were $0.95. Management reaffirmed the midpoint of its 5%–7% annual operating earnings growth target, with a bias toward the upper end beginning in 2028, underscoring the company’s focus on disciplined capital deployment and credit strength. The quarter also featured notable milestones across the growth agenda: CVOW is now over 75% complete with first power delivered to customers in March, and a projected all-in CVOW budget of approximately $11.4 billion with ample contingency. In addition, Dominion highlighted a growing opportunity set in battery storage under Virginia legislation to deploy 20 gigawatts of short- and long-term storage by 2045, up from 3 GW by 2035, which is expected to be reflected in the capital plan updates later this year and into 2027.