For the three months ending June 30, 2025, Dominion Energy, Inc. reported unaudited net income of $760 million, as determined by Generally Accepted Accounting Principles, rather than net income of $563 million ($0.64 per share) for the same period in 2024.
Operational earnings for the three months ending June 30, 2025, were $649 million, compared to operating earnings of $567 million for the same period in 2024.
Gains and losses on nuclear decommissioning trust funds, the mark-to-market effect of economic hedging actions, and other adjustments are among the factors that cause the period’s GAAP and operating earnings to differ. Schedules 1, 2, 3, and 4 of this release contain information on business segment results, operating earnings as compared to previous periods, and specific explanations of items included in reported earnings but not included in operating earnings.
Advice
The company confirms all of the financial expectations given on its fourth quarter 2024 results call, including guidance on earnings, credit, and dividends, as well as its full-year 2025 operating profits guidance range of $3.28 to $3.52 per share.
Today’s webcast
On Friday, August 1, 2025, the firm will have its second-quarter 2025 results call at 10 a.m. ET. Management will discuss recent financial results and other topics relevant to stakeholders, especially the financial community.
A live webcast of the conference call, complete with slides and additional financial data, will be available on investor information pages at investors.dominionenergy.com.
Domestic callers should ring 1-800-343-5172, and international callers should dial 1-203-518-9856 if they would rather join over the phone. The conference ID for the phone earnings call is DOMINION. Ten to fifteen minutes before the start time, participants should phone in.
By the end of the first day of August, a webcast replay will be accessible on the investor information website. Starting at around 1 p.m. ET on August 1, a telephone replay of the earnings call will be accessible. Domestic callers can call 1-800-839-9409 to listen to the recording. Those calling from overseas should dial 1-402-220-6088. The replay’s passcode is 17292.
Important information for investors on stated earnings and operations
Dominion Energy’s main performance metric for public discussions with analysts and investors is operating earnings (non-GAAP). Operating earnings refer to reported earnings that have undergone adjustments for specific items. Additionally, Dominion Energy uses operational earnings for internal budgeting, Board of Directors reporting, incentive compensation schemes, targeted dividend payments, and other objectives. The management of Dominion Energy feels that operational earnings give a more accurate picture of the company’s core profitability.
The company notes in its operating earnings guidance that there may be discrepancies between expected reported earnings and estimated operating earnings due to a variety of factors, such as the mark-to-market impact of economic hedging activities, gains and losses on nuclear decommissioning trust funds, market-related impacts on pension and other postretirement benefit plans, acquisitions, divestitures, extreme weather events, and other natural disasters. The management of Dominion Energy is currently unable to predict how these factors will together affect reported earnings in the future. As a result, Dominion Energy’s operating earnings outlook lacks a matching GAAP counterpart.
