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Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.5 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation fleet and renewable natural gas facilities. As of December 31, 2025, the company's portfolio of assets included approximately 30.7 GW of electric generating capacity, 10,800 miles of electric transmission lines, and 80,400 miles of electric distribution lines. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $16.5B | $8.3B | $3.0B | $-7.3B | 10.7% | 14.2% | 47.4% |
| 2024 | $14.5B | $6.7B | $2.0B | $-7.2B | 7.9% | 0.5% | 3.7% |
| 2023 | $14.4B | $7.5B | $2.0B | $-3.6B | 7.6% | 3.3% | 64.7% |
| 2022 | $13.9B | $4.4B | $1.2B | $-3.9B | 4.6% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 13,938 | 14,393 | 14,459 | 16,506 |
| Operating Revenue | - | 14,552 | 13,487 | 14,182 | 16,523 |
| Cost Of Revenue | - | 7,561 | 7,408 | 7,536 | 8,415 |
| Gross Profit | - | 6,377 | 6,985 | 6,923 | 8,091 |
| Operating Expense | - | 3,117 | 3,264 | 3,076 | 3,160 |
| Total Expenses | - | 10,678 | 10,672 | 10,612 | 11,575 |
| Operating Income | - | 3,260 | 3,721 | 3,847 | 4,931 |
| Total Operating Income As Reported | - | 1,447 | 3,414 | 3,247 | 4,414 |
| EBITDA | - | 4,443 | 7,538 | 6,727 | 8,317 |
| Normalized EBITDA | - | 6,256 | 7,845 | 7,327 | 8,834 |
| EBIT | - | 1,330 | 4,410 | 4,088 | 5,633 |
| Interest Expense | - | 1,002 | 1,679 | 1,893 | 2,022 |
| Net Interest Income | - | -1,002 | -1,679 | -1,893 | -2,022 |
| Other Non Operating Income Expenses | - | -117 | 996 | 841 | 1,219 |
| Other Income Expense | - | -1,930 | 689 | 241 | 702 |
| Interest Expense Non Operating | - | 1,002 | 1,679 | 1,893 | 2,022 |
| Net Non Operating Interest Income Expense | - | -1,002 | -1,679 | -1,893 | -2,022 |
| Pretax Income | - | 328 | 2,731 | 2,195 | 3,611 |
| Tax Provision | - | 59 | 644 | 411 | 532 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -378.92 | -72.45 | -112.20 | -76 |
| Net Income Continuous Operations | - | 269 | 2,087 | 1,784 | 3,079 |
| Net Income From Continuing And Discontinued Operation | - | 1,191 | 1,962 | 2,034 | 2,998 |
| Net Income From Continuing Operation Net Minority Interest | - | 269 | 2,087 | 1,837 | 3,012 |
| Net Income | - | 1,191 | 1,962 | 2,034 | 2,998 |
| Net Income Common Stockholders | - | 1,098 | 1,881 | 1,956 | 2,954 |
| Net Income Including Noncontrolling Interests | - | 1,191 | 1,962 | 1,981 | 3,065 |
| Normalized Income | - | 1,703.08 | 2,321.55 | 2,324.80 | 3,453 |
| Diluted NI Availto Com Stockholders | - | 1,098 | 1,881 | 1,956 | 2,954 |
| Basic Average Shares | - | 835 | 838 | 852 | 879 |
| Diluted Average Shares | - | 835 | 838 | 852 | 879 |
| Reconciled Depreciation | - | 3,113 | 3,128 | 2,639 | 2,684 |
| Reconciled Cost Of Revenue | - | 6,890 | 6,860 | 7,242 | 8,118 |
| Total Unusual Items | - | -1,813 | -307 | -600 | -517 |
| Total Unusual Items Excluding Goodwill | - | -1,813 | -307 | -600 | -517 |
| Preferred Stock Dividends | - | 93 | 81 | 78 | 44 |
| Minority Interests | - | 0 | 0 | 53 | -67 |
| Net Income Discontinuous Operations | - | 922 | -125 | 197 | -14 |
| Special Income Charges | - | -1,813 | -307 | -600 | -517 |
| Write Off | 195 | 2,063 | - | - | - |
| Impairment Of Capital Assets | - | 1,401 | 307 | 600 | 517 |
| Depreciation Amortization Depletion Income Statement | - | 2,442 | 2,580 | 2,345 | 2,387 |
| Depreciation And Amortization In Income Statement | - | 2,442 | 2,580 | 2,345 | 2,387 |
| Gain On Sale Of Ppe | -415 | -412 | 27 | 1 | - |
| Total Other Finance Cost | 1,255 | 966 | 1,674 | - | - |
| Earnings From Equity Interest | 276 | 299 | - | - | - |
| Average Dilution Earnings | 0 | 0 | 0 | 0 | - |
| Other Taxes | - | 675 | 684 | 731 | 773 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Dominion Energy, Inc.this co. | D | $58.5B | 19.51↓ discount | 2.08 | 10.7% | 12.89 |
| American Electric Power Company, Inc. | AEP | $69.5B | 19.42 | 2.23 | 11.5% | 12.86 |
| Sempra | SRE | $59.1B | 32.15 | 1.87 | 5.8% | 17.87 |
| Vistra Corp. | VST | $51.8B | 54.90 | 19.77 | 36.0% | 14.07 |
| Entergy Corporation | ETR | $50.0B | 28.22 |
| - |
| - |
| - |
| - |
| - |
| 2.96 |
| 10.5% |
| 12.86 |
| Xcel Energy Inc. | XEL | $48.5B | 24.06 | 2.06 | 8.5% | 13.40 |
| Exelon Corporation | EXC | $45.7B | 16.50 | 1.59 | 9.6% | 10.50 |
| Public Service Enterprise Group Incorporated | PEG | $38.9B | 18.43 | 2.29 | 12.4% | 13.14 |
| Consolidated Edison, Inc. | ED | $38.4B | 18.96 | 1.59 | 8.4% | 10.58 |
| Peer Median | - | 21.74 | 2.14 | 10.0% | 13.00 | |