Dominion Energy, Inc

Company facts

Industry

Electric Services

Headquarters

Richmond, Virginia

Most recent report

8-K, filed Sep 3, 2026

Incorporated

Virginia

Filings on record

1,001+ filings

On EDGAR

CIK 715957

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Jun 2026 10-Q

SECSift found 5 of 11 sections worth reading, with 1 positive, 15 notable, and 3 negative flags.

• Financial Statements (Item 1)

  Full financials with merger, large impairments, regulatory updates – critical details.
  Notable

  • Proposed NextEra merger: each share → 0.8138 NextEra shares + pro rata cash; termination fees up to $6.52B.
  • Filed to securitize $1.0B under-recovered fuel balance via bonds (up to ~15-year tenor).
  • Entered forward sales for ~7.9M shares at $67.88 in Q2 2026 under ATM program.
  Negative

  • CVOW project cost now $11.7B; $246M charge in Q2 2026 for costs not expected from customers.

• Management's Discussion (Item 2)

  Detailed results, large impairment, CVOW cost update, credit rating outlook change.
  Positive

  • Moody's, S&P, and Fitch revised outlook to positive in May 2026.
  Notable

  • First turbines of the 2.6 GW CVOW project commenced operations in March 2026.
  Negative

  • $820M impairment on nonregulated renewable natural gas facilities in Q2 2026, a large writedown.

• Market Risk (Item 3)

  Notable changes in derivative sensitivities and large investment gain swing.
  Notable

  • Commodity derivative sensitivity for Dominion Energy rose to $108M from ~$15M in Dec 2025, a large increase.
  • Virginia Power's commodity derivative sensitivity increased to $154M from $47M at March 31, 2026.
  • Interest rate derivative notional: Dominion $9.4B, Virginia Power $7.4B at June 30, 2026, up from $8.9B/$5.1B at March 31.
  • Foreign currency swap notional dropped to €0.1B from €0.9B at March 31, indicating reduced hedging.
  • Trust fund investment gains: $747M in H1 2026 vs -$205M in Q1 2026 alone, a large swing.

• Risk Factors (Item 1A)

  Entirely new merger-risk subsection with quantified $2.24B termination fee and specific conditions.
  Notable

  • Merger requires approvals from FERC, NRC, three state commissions, and shareholder votes.
  • Uncertainty around the merger may cause loss of key officers and employees, hurting operations.
  • Dominion must run its business in ordinary course and can't pursue certain opportunities before closing.
  • Shareholder lawsuits could seek to enjoin the merger, delaying or preventing it.
  Negative

  • Dominion may owe NextEra $2.24 billion cash if the merger fails under certain conditions.

• Exhibits (Item 6)

  New merger agreement with NextEra and credit amendment are material events.
  Notable

  • Merger agreement with NextEra Energy dated May 15, 2026 – a transformative event for Dominion.
  • Fourth amendment to sustainability revolving credit agreement dated April 7, 2026 – new debt terms.

What changed: Jun 2026 vs. Mar 2026

About 20% of D's Jun 2026 10-Q is new information. 179 paragraphs were added, 244 changed, and 67 removed. Below are the most important lines SECSift identified.

• Item 1 177
• Item 2 126
• Item 1A 40
• Item 6 8
• Item 3 7