Dominion Energy, Inc

Company facts

Industry

Electric Services

Headquarters

Richmond, Virginia

Most recent report

10-Q, filed Oct 30, 2026

Incorporated

Virginia

Filings on record

1,000+ filings

On EDGAR

CIK 715957

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 3 of 11 sections worth reading, with 0 positive, 11 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Merger with NextEra Energy, large impairments, CVOW cost overruns, and customer concentration.
  Notable

  • Dominion Energy agreed to be acquired by NextEra Energy; each share converts to $360M aggregate cash plus 0.8138 NextEra shares.
  • Dominion Energy expects to be subject to corporate alternative minimum tax in 2026; $14M liability recorded.
  • Virginia Power's equity application approved for up to $3.6B of common stock issuance through 2029 to fund capex.
  • Dominion Energy issued $1.5B of junior subordinated notes in June 2026, with interest deferral options up to 10 years.
  Negative

  • CVOW project cost estimate unchanged at $11.7B; $129M charge for costs not expected to be recovered from customers in nine months 2026.
  • Virginia Power's largest customer grew to 12% of operating revenue (nine months 2026), up from 9% a year ago.

• Management's Discussion (Item 2)

  Large impairment charges, merger costs, and a major offshore wind project update with tariff impacts.
  Notable

  • Merger-related costs of $34M YTD for proposed NextEra Energy Merger; $23M in Q3 2026.
  • Dominion Energy Virginia net income up 32% in Q3 and 24% YTD, driven by rider equity returns and Biennial Review.
  • Entered forward sale agreements for 11.1M shares in 2026 at weighted-average prices of $62.96 and $67.88.
  Negative

  • $820M impairment on nonregulated renewable natural gas facilities and $79M on solar generation facilities.

• Market Risk (Item 3)

  Large derivative positions and foreign currency exposure for CVOW project.
  Notable

  • CVOW project has €2.6 billion and 5.1 billion kr in foreign-denominated contracts, plus €0.7B with steel-linked commodity indexing.
  • Interest rate derivatives notional of $8.5B at Sep 30, 2026; a 10% rate drop cuts fair value by $408M.
  • Foreign currency swaps notional dropped from €0.9B at Dec 2025 to €0.1B at Sep 2026, reducing FX risk.
  • Net investment gains on trust funds were $944M for nine months ended Sep 2026, up from $854M in prior year.

What changed: Sep 2026 vs. Jun 2026

About 6% of D's Sep 2026 10-Q is new information. 52 paragraphs were added, 279 changed, and 88 removed. Below are the most important lines SECSift identified.

• Item 1 151
• Item 2 124
• Item 3 7
• Item 6 5
• Item 1A 1