D Dominion Energy Inc

$D This is going to be one of the best investment decisions you have made yet. It’s happening as I type this post!

$D posted Q3 '26 operating EPS of $1.28, with FY26 results tracking toward the top half of guidance. Weather-normal electric sales rose 3.4% LTM, driven by load growth. Data center demand reached 12 GW contracted, with a 54 GW pipeline. CVOW is 85% complete, with its $11.65B budget intact. Catalysts in play - NextEra merger decisions expected Jan '27 in VA/SC, Feb '27 in NC; closing targeted H2 '27. - CVOW completion targeted by end-2027; substation energization due by year-end '26. - Virginia IRP adds 4 GW solar and 2 GW storage through 2034. - Data center contracts expanded 6 GW since year-end '25. - Strong sales and 45Z credits support FY26 EPS outlook. Risks to watch - Merger faces 57 staff conditions in Virginia and approvals in three states. - CVOW weather and vessel maintenance consume schedule buffer; only $123M contingency remains. - Residential bills projected to rise ~2.3% annually, creating affordability pressure. - Equity funding depends on merger timing and load growth.

$D reported before the open this morning. Adjusted EPS of $1.28 beat the $1.21 analyst estimate by 5.8%, according to Stock Meadow. Revenue was $5.62B versus $4.9B expected.

$D Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.28 up 20.75% YoY • Reported revenue of $5.62B up 24.08% YoY • Dominion Energy expects to be in the top half of the 2026 operating earnings guidance range of $3.45 per share and reaffirms existing operating earnings, credit, dividend, and long-term growth guidance.

$D NextEra’s 67 billion dollar takeover of Dominion heads to the Virginia SCC’s evidentiary hearing on November 17, with written comments due November 9 and a decision expected by January 11, 2027 (Utility Dive). The companies have 2.25 billion dollars in bill credits over four years on the table, plus a Virginia supplier program worth up to 1.0 billion dollars a year for five years (Reuters). Virginia’s lieutenant governor urged regulators to reject the deal this week (Bloomberg).