The company said Dominion Energy net income attributable to the company rose 15% in Q3, citing higher rider equity returns at Virginia Power and the impacts of the 2025 Biennial Review. A decrease in net investment earnings on nuclear decommissioning trust funds partially offset these gains.

10-QQuarterly reportFiled Oct 30, 2026Period of report Sep 30, 2026Summary published (UTC) Oct 30, 2026

Key points

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The company said Dominion Energy net income attributable to the company rose 15% in Q3, citing higher rider equity returns at Virginia Power and the impacts of the 2025 Biennial Review. A decrease in net investment earnings on nuclear decommissioning trust funds partially offset these gains.
Dominion Energy said net income attributable to the company fell 13% for the 9 months to date. It cited impairment charges of $820 million on nonregulated renewable natural gas facilities and $79 million in impairment charges associated with certain nonregulated solar generation facilities. A benefit of $195 million from the revision of AROs for Millstone Unit 1 partially offset these charges.
The company put the estimated total cost of the 2.6-GW CVOW Commercial Project at approximately $11.7 billion, excluding financing costs and including a contingency of $0.1 billion, and said it expects the final turbine installation to be completed by the end of 2027. It said 44 of the 176 turbines had been installed as of October 2026.
The company said it expects to issue long-term debt of approximately $6.0 billion to $9.5 billion in 2026, excluding opportunistic financing. In May 2026, Moody's affirmed its ratings and changed its outlook from negative to positive, and Standard & Poor's changed its outlook from stable to positive.

Summary

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Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Q3 2026 Net Income Up 15% and Company Explanation

The company said Dominion Energy net income attributable to the company rose 15% in Q3, citing higher rider equity returns at Virginia Power and the impacts of the 2025 Biennial Review. A decrease in net investment earnings on nuclear decommissioning trust funds partially offset these gains.

Source · Based on the MD&A text of the filing

9-Month Net Income Down 13% on Impairments

Dominion Energy said net income attributable to the company fell 13% for the 9 months to date. It cited impairment charges of $820 million on nonregulated renewable natural gas facilities and $79 million in impairment charges associated with certain nonregulated solar generation facilities. A benefit of $195 million from the revision of AROs for Millstone Unit 1 partially offset these charges.

Source · Based on the MD&A text of the filing

CVOW Commercial Project Total Cost and Construction Progress

The company put the estimated total cost of the 2.6-GW CVOW Commercial Project at approximately $11.7 billion, excluding financing costs and including a contingency of $0.1 billion, and said it expects the final turbine installation to be completed by the end of 2027. It said 44 of the 176 turbines had been installed as of October 2026.

Source · Based on the MD&A text of the filing

Long-Term Debt Issuance Plans and Credit Outlook Change

The company said it expects to issue long-term debt of approximately $6.0 billion to $9.5 billion in 2026, excluding opportunistic financing. In May 2026, Moody's affirmed its ratings and changed its outlook from negative to positive, and Standard & Poor's changed its outlook from stable to positive.

Source · Based on the MD&A text of the filing

Structured SEC financial data for this filing is not available yet. Please check the figures in the SEC filing.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

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