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Dominion Energy Reports Q1 Sales Growth, Advances Offshore Wind Project

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-- Dominion Energy Inc (D) reported Q1 earnings on Friday, reporting electricity sales growth of 4.3% over the year, driven by commercial load gains and continued data center expansion.

The company served about 4.1 million utility customers in Q1, with commercial customers driving 48% of regulated electricity sales, it said.

Residential customers contributed 32% of sales, while industrial customers accounted for 9%, and government and other users made up 11%.

The company expanded contracted data center capacity to about 51 gigawatts, up from roughly 48.5 GW reported in December, a 5% increase.

Dominion Energy advanced its Coastal Virginia Offshore Wind project to about 75% completion, with nine turbines installed and 167 remaining as it targets the majority of the installation by the end of 2026 and full completion in early 2027.

The project carries an updated capital budget of about $11.4 billion, with about $9.4 billion already invested and about $2 billion remaining.

Dominion Energy keeps its $65 billion capital investment plan for 2026 through 2030 unchanged.

Price: $65.04, Change: $+0.53, Percent Change: +0.83%

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