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Regulated electric and gas utility serving Virginia, North Carolina and South Carolina, with major offshore-wind investment.
Regulated electric and gas utility serving Virginia, North Carolina and South Carolina, with major offshore-wind investment.
Earns allowed returns set by state regulators on its Virginia and Carolina utilities; the offshore wind project is a rate-base asset, paid for by customers through a regulated charge. In 2023 and 2024 it sold three gas utilities to Enbridge, after cancelling the Atlantic Coast Pipeline in 2020.
Moat: narrow (regulatory licence, scale). Regulated state monopoly territory, with data-center-dense Northern Virginia driving load growth.
Headquarters: Richmond, Virginia, US · Founded: 1983 · Employees: 15,200
Size Dominion Energy (D) is a United States Utilities company (Electric Utilities) with a market value of $60.3B, the 216th largest of 3,117 United States companies the cockpit tracks. Shares closed at $68.60 on 6 Nov 2026.
Performance Over six months the shares gained 11.9%, against +0.4% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 23.1% over the last twelve months (peer median +6.5%); the operating margin is 28.7% (peer median 20.2%).
Valuation It trades at 18.7× forward earnings against a peer median of 18.2× (6th most expensive of 21).
Capital Return on invested capital runs 1.7 points below its cost of capital (6.7% WACC).
Credit Dominion Energy has 42 bonds outstanding ($24.8B), rated BBB by the agencies and trading like BBB+ at a weighted spread of 87 bp.
Short interest Short interest is 2.7% of the free float (15 Oct 2026).
Next results Next results expected around 5 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $19.6B | $16.7B | $14.3B | $13.7B | $14.7B |
| Revenue growth | — | +17% | +5% | -7% | — |
| Gross profit | $10.4B | $9.22B | $8.29B | $7.21B | $7.53B |
| EBITDA | $8.22B | $7.29B | $6.32B | $5.95B | $6.60B |
| Net income | $2.69B | $3.00B | $2.03B | $2.03B | $1.32B |
| Free cash flow | -$6.30B | -$7.29B | -$7.41B | -$3.66B | -$4.06B |
| Capital expenditure | $12.0B | $12.7B | $12.4B | $10.2B | $7.76B |
| Total debt | $54.6B | $49.7B | $42.4B | $44.9B | $41.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dominion Energy D | $60.3B | +12% | +23% | 29% | 18.7× | n/a |
| Duke Energy DUK | $99.6B | +4% | +6% | 27% | 18.2× | n/a |
| Southern SO | $106B | +1% | +6% | 24% | 20.0× | n/a |
| NextEra Energy NEE | $182B | -6% | +13% | 30% | 21.0× | 18.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | D | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +11.1% | +7.5% | 4th highest of 21 |
| 6-month return | +11.9% | +0.4% | 3rd highest of 21 |
| Distance from 52-week high | -6.0% | -7.2% | 7th highest of 21 |
| Revenue growth (TTM) | +23.1% | +6.5% | highest of 21 |
| Operating margin | 28.7% | 20.2% | highest of 21 |
| Forward P/E | 18.7× | 18.2× | 6th most expensive of 21 |
| ROIC minus cost of capital | -1.7 pp | -1.2 pp | 8th lowest of 21 |
| EV / EBITDA | 14.7× | 13.1× | 5th most expensive of 21 |
| Net debt / EBITDA | 6.6× | 4.7× | most indebted of 21 |
| Bond spread | 87 bp | 83 bp | 7th widest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dominion Energy D | United States | $60.3B | +12% | +23% | 29% | 18.7× | n/a | n/a |
| E.on EOAN.DE | Germany | $55.9B | +4% | -8% | 7% | 17.5× | n/a | n/a |
| American Electric Power AEP | United States | $68.9B | -3% | +10% | 24% | 18.5× | n/a | n/a |
| Entergy ETR | United States | $52.8B | -1% | +11% | 24% | 22.8× | n/a | n/a |
| Engie ENGI.PA | France | $69.0B | -11% | -5% | 13% | 11.7× | 5.8% | +10.2% |
| Xcel Energy XEL | United States | $51.1B | +1% | +4% | 22% | 18.1× | n/a | n/a |
| Endesa ELE.MC | Spain | $51.0B | +21% | +6% | 17% | 18.4× | 0.5% | +4.7% |
| Rwe RWE.DE | Germany | $50.4B | +2% | -34% | 0% | 18.6× | n/a | n/a |
| Exelon EXC | United States | $47.2B | +5% | +7% | 20% | 15.2× | n/a | n/a |
| Consolidated Edison ED | United States | $43.7B | +12% | +10% | 18% | 18.5× | n/a | n/a |
| Sse SSE.L | United Kingdom | $43.2B | +7% | +1% | 19% | 14.2× | n/a | n/a |
| National Grid NG..L | United Kingdom | $84.5B | -2% | -4% | 29% | 13.8× | n/a | n/a |
| Vistra VST | United States | $41.9B | -15% | +9% | 19% | 12.8× | 12.5% | +10.1% |
| Adani Power ADANIPOWER.NS | India | $41.6B | -11% | +8% | 23% | 29.4× | n/a | n/a |
| Constellation Energy CEG | United States | $88.6B | -18% | +21% | 15% | 20.5× | 20.3% | +8.8% |
| WEC Energy WEC | United States | $38.1B | +5% | +8% | 25% | 21.6× | n/a | n/a |
| Duke Energy DUK | United States | $99.6B | +4% | +6% | 27% | 18.2× | n/a | n/a |
| Public Service Enterprise PEG | United States | $36.2B | -5% | +13% | 27% | 16.0× | n/a | n/a |
| Southern SO | United States | $106B | +1% | +6% | 24% | 20.0× | n/a | n/a |
| Enel ENEL.MI | Italy | $108B | 0% | 0% | 16% | 13.4× | 6.2% | +3.8% |
| NTPC NTPC.NS | India | $33.2B | -19% | +7% | 20% | 12.3× | n/a | n/a |
Dominion Energy has 42 bonds outstanding with $24.8B face value. The agencies rate it BBB; its bonds trade like BBB+. Weighted yield 5.63%, a spread of 87 bp over government bonds.