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Research Alert: Dominion Energy Q1: Regulatory Wins Drive Top- And Bottom-line Beats

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-- CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:

Dominion Energy reported Q1 2026 operating EPS of $0.95, up 2.2% and beating consensus by 4.4%, while revenue surged 23% to $5.019B, exceeding expectations by 13%. The Virginia segment drove earnings growth with $670M in operating earnings, up $109M, benefiting from the 2025 Biennial Review implementation, higher rider-equity returns, and favorable weather conditions. Strong regulated electric sales growth of 4.3% weather-normal reflects robust data center demand, with contracted capacity increasing to 51.0 GW from 48.5 GW. Management affirmed 2026 EPS guidance of $3.45-$3.69 and maintained long-term 5%-7% growth targets through 2030 with bias toward the upper half from 2028-2030. The Coastal Virginia Offshore Wind project remains 75% complete with 9 of 176 turbines installed and budget slightly reduced to $11.4B. We believe the continued data center expansion and infrastructure investments support D's growth trajectory, though execution of the offshore wind project remains a key focus area.

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