"Dominion Energy ( NYSE: D) posted Q4 2025 revenue of $4.09 billion, up 20% year-over-year, as surging data center electricity demand in northern Virginia continues to reshape the utility's growth profile. The results reinforce a broader thesis: AI infrastructure is becoming a genuine earnings driver for regulated utilities, not just a talking point. The headline EPS of $0.68 narrowly missed the $0.69 consensus estimate, but the underlying numbers tell a stronger story."
"For 2026, management guided to operating EPS of $3.45 to $3.69, with long-term annual growth of 5% to 7% through 2030, biased toward the upper half from 2028 onward. Dividend investors should note the ex-dividend date falls on February 27, 2026, just days away, with a current yield of approximately 4.1%. Risks remain real. The Coastal Virginia Offshore Wind project generated $258 million in charges tied to unrecoverable costs, and interest expense climbed to $509 million in Q4 from $444 million a year ago."
Q4 2025 revenue reached $4.09 billion, a 20% year-over-year increase driven by surging data center electricity demand in northern Virginia. Operating income nearly doubled to $756 million, and net income rose to $567 million from $59 million a year earlier. The Virginia segment produced $536 million in operating earnings, with Loudoun County customer usage cited as a key driver. Management guided 2026 operating EPS of $3.45 to $3.69 and forecasted 5%–7% annual growth through 2030, biased higher from 2028. CVOW unrecoverable charges and rising interest expense represent notable near-term risks.
#data-center-electricity-demand #ai-infrastructure #regulated-utilities #coastal-virginia-offshore-wind
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