D's fourth-quarter earnings are better than expected. The company continues to enjoy strong demand from data centers in its service territories.
Dominion Energy (D) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.54 per share. This compares to earnings of $0.29 per share a year ago.
Dominion Energy raised its five-year capital expenditure plan on Wednesday as the utility firm sought to cash in on the potential growth in power demand from a rise in data centers across the U.S.
D's fourth-quarter results are expected to benefit from regulated investments and higher sales volume.
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Dominion Energy (D) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Shares of Dominion Energy (D -4.47%) were moving lower today after the Virginia-based utility company provided an update on an offshore wind project, showing that it would be more expensive than originally planned.
In the closing of the recent trading day, Dominion Energy (D) stood at $56.32, denoting a +1.31% change from the preceding trading day.
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Dominion Energy has been a beneficiary of the ongoing generative AI/ data center capex boom in Virginia, thanks to its clean energy offerings across renewables and natural gas. These have also triggered the management's promising long-term growth targets, supported by the intensified capex plans. These have led to D's somewhat premium valuations, a trend similarly observed in its natural gas peers, partly aided by the commodity's rising spot prices.
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Dominion Energy (D) closed the most recent trading day at $53.65, moving -0.07% from the previous trading session.