D · 10-Q · 2026Q3 · Full report

Net Income and Profitability

DOMINION ENERGY, INC · 2026-10-30 · Importance 41 · Surprise 22

Dominion Energy’s third-quarter 2026 net income attributable to the company rose 15% to $1.160 billion from $1.006 billion, while diluted EPS increased $0.14 to $1.30. The increase primarily reflected higher rider equity returns on Virginia Power capital investments and the 2025 Biennial Review, partly offset by lower nuclear decommissioning trust investment earnings. Year-to-date net income fell 13% to $2.121 billion from $2.431 billion, and diluted EPS declined $0.44 to $2.37. The year-to-date decline primarily reflected renewable natural gas and solar impairments, higher long-term debt interest, unrealized hedge losses and increased capacity expense.

Key facts

• Dominion Energy's year-to-date 2026 net income decrease was partly offset by a $195 million benefit from revising the AROs for Millstone Unit 1 and higher rider equity returns reflecting Virginia Power capital investments and the 2025 Biennial Review.
• Dominion Energy's third-quarter 2026 net income attributable to Dominion Energy increased 15%, primarily due to higher rider equity returns reflecting Virginia Power capital investments and the 2025 Biennial Review, partly offset by lower net investment earnings on nuclear decommissioning trust funds.
• Dominion Energy's year-to-date 2026 net income attributable to Dominion Energy decreased 13%, primarily due to renewable natural gas and solar facility impairment charges, higher long-term debt interest, increased unrealized economic hedging losses and higher capacity expense.