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Dominion Energy, Inc. D used its second-quarter 2026 call to pair unchanged guidance with a six-month schedule reset for Coastal Virginia Offshore Wind (CVOW). Project execution returned to investor focus. Management emphasized record demand, data center contracting and the infrastructure needed to support large loads. Those themes framed analyst scrutiny. CFO Steven Ridge said second-quarter operating earnings were $0.79 per share, including $0.03 of RNG 45Z credits. The result topped the $0.73 Zacks Consensus Estimate by 8.20%. Dominion Energy Inc. price-consensus-eps-surprise-chart | Dominion Energy Inc. Quote Revenues of $4.48 billion topped the Zacks Consensus Estimate by 10.30%. CFO Ridge called the first half strong. Dominion reaffirmed 2026 operating earnings guidance of $3.45 to $3.69 per share, with a $3.57 midpoint, plus credit, dividend and long-term growth guidance. CFO Ridge said the 2026 equity program is complete and FFO-to-debt remained above 15%. Chair, president and CEO Robert Blue said CVOW was 81% complete, with 31 turbines installed and a 32nd underway. More than 450 megawatts of capacity were already on the grid. CEO Blue said the final turbine is now expected at year-end 2027, a six-month shift. The project cost estimate increased about 2% to $11.65 billion after adding $288 million for the extra two quarters. A Barclays analyst asked about further slippage. CEO Blue said the revised plan reflects actual Portsmouth loadouts, added weather and vessel-maintenance contingency, and longer jacking at difficult sites. He remained confident in the updated date. CFO Ridge said Dominion has more than 53 gigawatts of data center capacity in contracting stages, including 12 gigawatts under electric service agreements. Contracts increased by more than five gigawatts since year-end. CFO Ridge also said nine of the DOM Zone's 10 highest peak days occurred this year, including the eight highest summer peaks in the past two months. The large-load framework is designed to protect existing customers from cost shifts and stranded costs. CEO Blue said air permits were filed for nearly five gigawatts of combined-cycle capacity at Canadys and Mount Storm. A Goldman Sachs analyst asked whether Mount Storm was incremental, and CFO Ridge said it is already in the current capital plan. CEO Blue said state and federal applications were filed for the proposed NextEra Energy combination. The transaction includes $2.25 billion of shareholder-funded bill credits for Dominion customers. CEO Blue said Virginia hearings begin Nov. 17. The proposed South Carolina schedule sets a Dec. 8 hearing and a final order by Jan. 29, 2027. A Barclays analyst asked whether Virginia's review could be extended. CEO Blue said the current timeline is sufficient, citing the commission's experience with statutory deadlines and prior mergers. A Jefferies analyst asked about a transmission fault that prompted data centers to switch to backup power. Executive vice president and CEO of Utilities Edward Baine said the fault was rare and the centers had been expected to ride through the momentary event. Utilities CEO Baine said no significant incremental grid investment is needed from the event, but customer collaboration and mitigation work will continue. CEO Blue said Dominion will keep investing in transmission and applying lessons learned. CFO Ridge said the five-year forecast includes $2 billion for batteries, about 3% of the capital plan. He identified a fall technical conference and the next integrated resource plan as steps toward acceleration. CEO Blue returned to three priorities: meeting financial commitments, hitting major CVOW milestones and securing constructive regulatory outcomes. His closing message remained centered on execution. CFO Ridge's demand commentary added system expansion for large loads while maintaining credit targets. Broader financial guidance stayed unchanged despite the CVOW schedule reset. D currently carries a Zacks Rank #4 (Sell), with a Value Score of D, Growth Score of F, Momentum Score of B and VGM Score of F. Under Zacks methodology, better Style Scores are associated with better expected performance, making momentum the strongest style reading. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The Style Scores complement the Zacks Rank, with the framework favoring Rank #1 or #2 stocks paired with A or B scores. D's profile combines a stronger Momentum grade with weaker Value, Growth and VGM readings and an unfavorable Rank. The Zacks Rank can change as estimates are revised after the just-reported results. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

PPL Corporation PPL is expected to report second-quarter 2026 results on Aug. 7, before market open. This utility is expected to post a year-over -year increase in total revenues and earnings per share when it releases quarterly results. The Zacks Consensus Estimate for earnings is pegged at 35 cents per share, indicating a year-over-year increase of 9.38%. Image Source: Zacks Investment Research The consensus mark for revenues is pinned at $2.18 billion, indicating growth of 7.5% from the year-ago reported figure. Image Source: Zacks Investment Research Our proven model doesn’t predict an earnings beat for PPL this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here as you will see below.Earnings ESP: The company’s Earnings ESP is -1.73%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. Zacks Rank: Currently, PPL carries a Zacks Rank #4 (Sell). You can see the complete list of today's Zacks #1 Rank stocks here. A few utilities from the same industry that reported positive earnings surprises this season are Duke Energy DUK, Dominion Energy D and NextEra Energy NEE, among others.The Zacks Consensus Estimate for 2026 earnings per share for Duke Energy, Dominion Energy and NextEra Energy indicates year-over-year growth of 6.5%, 4.39% and 8.36%, respectively. PPL Corporation’s second-quarter earnings are expected to have benefited from ongoing economic development across its service territories, which likely drove higher electricity demand. Strong demand from data centers in Pennsylvania, along with rising private-sector investment in Kentucky, is expected to have supported revenue and earnings growth.Additionally, new retail electric rates that took effect on Jan. 1 are likely to provide a further boost to second-quarter results.PPL Corporation's second-quarter performance is expected to have benefited from ongoing cost-reduction initiatives and customer-focused energy efficiency programs. Contributions from organic investments and the adoption of advanced technologies to optimize asset performance are also likely to support the company's quarterly results.PPL’s advanced transmission system provides it a competitive advantage and allows to connect and provide power to hyperscalers. In the past six months, the stock has declined  0.5% against the industry’s growth of 0.1%. Image Source: Zacks Investment Research PPL is trading at a premium, with a forward 12-month price-to-earnings of 17.13X compared with the industry average of 15.63X. Image Source: Zacks Investment Research Return on equity (“ROE”) is a financial ratio that measures how well a company uses its shareholders’ equity to generate profits. PPL’s trailing 12-month ROE is 9.41%, lower than the industry average of 11.21%. Image Source: Zacks Investment Research PPL Corporation plans to deploy nearly $23 billion between 2026 and 2029 to expand and upgrade its generation, transmission and distribution systems. These investments are already improving operating performance, as evidenced by a reduction in customer outages, and should continue to enhance the reliability and resilience of the company’s utility networks.PPL also benefits from a favorable regulatory environment, with more than 60% of its planned capital expenditures eligible for contemporaneous recovery. This framework helps mitigate regulatory lag and limits the earnings impact associated with the timing of infrastructure cost recovery.Moreover, the company has introduced standardized engineering, design and operating processes across its utilities to strengthen grid automation and improve resilience during severe weather. These efforts are expected to support further reliability gains while helping PPL meet rising customer demand in an efficient manner. PPL Corporation is well positioned to benefit from rising electricity demand across its service territories, supported by ongoing cost-reduction initiatives, customer-focused energy efficiency programs and continued infrastructure upgrades that enhance operational performance. The company's strong liquidity, sustained investments in grid modernization and growing power demand from data centers and other expanding commercial and industrial customers are expected to remain key long-term growth drivers.However, given PPL Corporation’s premium valuation and comparatively lower return on equity, investors may prefer to remain cautious for the time being. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PPL Corporation (PPL) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report Duke Energy Corporation (DUK) : Free Stock Analysis Report Dominion Energy Inc. (D) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

NiSource Inc. NI reported second-quarter 2026 adjusted earnings of 16 cents per share, beating the Zacks Consensus Estimate of 15 cents by 6.67%. However, the bottom line declined 27.3% from 22 cents in the year-ago quarter. Operating revenues of $1.36 billion topped the consensus estimate of $1.33 billion by 1.95% and increased 5.9% year over year. NIPSCO’s stronger operating performance and higher electric sales partly offset weaker Columbia results and elevated operating costs. Columbia operations generated revenues of $610.3 million, up 0.8% from $605.6 million a year ago. The segment’s adjusted operating income declined 6.1% to $115.6 million.NIPSCO operations recorded revenues of $750.4 million, up 10.4% year over year. Adjusted operating income increased 13.6% to $150.9 million, making the segment the primary source of consolidated operating growth. NiSource, Inc price-consensus-eps-surprise-chart | NiSource, Inc Quote Adjusted operating expenses totaled $1.09 billion, up 6.6% from the prior-year quarter. Operation and maintenance expenses increased 13% to $411.6 million, while depreciation and amortization rose 26.4% to $362 million. The cost of energy declined 26.1% to $193.6 million. NIPSCO Electric sales volumes, excluding weather, increased 5% to 4,195.3 gigawatt-hours (GWh). Industrial sales rose 10.4% to 2,246.2 GWh, while residential sales declined 5.8% to 757.7 GWh.Columbia sales and transportation volumes, excluding weather, fell 1.7% to 112.4 million dekatherms. NIPSCO Gas volumes on the same basis decreased 3.5% to 77.5 million dekatherms. The company recorded a $16 million revenue adjustment for weather compared with normal conditions.Adjusted operating income improved 3.2% to $270.9 million, but net interest expense climbed 43.2% to $199.2 million, pressuring adjusted net income available to common shareholders. NiSource advanced its data center strategy with regulatory approvals for special contracts involving Amazon and Alphabet. The agreements are expected to provide $1.4 billion in savings for existing customers.The company has around 4 GW of signed GenCo capacity, with 3 GW under strategic negotiations and up to 2 GW of developing opportunities. Its data center pipeline could reach up to 9 GW of capacity by 2035. NiSource is also developing a diversified portfolio of generation, battery storage and contracted resources to support the additional load. Total debt was about $17.4 billion as of June 30, 2026, including roughly $16.7 billion of long-term debt. The weighted average maturity was about 11.5 years, with a weighted average interest rate of approximately 4.87%.Net available liquidity was about $2.1 billion at quarter-end. NiSource also had roughly $2.7 billion of committed facilities, including a $2.5 billion revolving credit facility and about $200 million of accounts receivable securitization facilities. NiSource reaffirmed its 2026 consolidated adjusted earnings guidance of $2.02-$2.07 per share. The company also maintained its 2026-2033 consolidated adjusted earnings compound annual growth rate target of 9-10%.NiSource continues to execute a $28.6 billion capital investment plan for 2026-2030. This includes $21 billion of base plan investments and $7.6 billion of data center-related spending, supporting expected consolidated rate base growth of 9-11% through 2033. NiSource currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Dominion Energy, Inc. D reported second-quarter 2026 operating earnings of 79 cents per share, up 5.3% year over year. The figure surpassed the Zacks Consensus Estimate of 73 cents by 8.22%.Operating revenues increased 17.6% to $4.48 billion and beat the consensus mark of $4.06 billion by 10.32%. Results benefited from stronger Dominion Energy Virginia earnings, supported by regulatory impacts, rider returns and customer usage. Weather-normal regulated electric sales rose 4.1% over the trailing 12 months.NextEra Energy NEE reported second-quarter 2026 results with adjusted earnings per share of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%.Total operating revenues were $7.53 billion, up 12.4% year over year but missed the Zacks Consensus Estimate of $7.99 billion by 5.8%. A key highlight was NextEra Energy Resources’ record renewables and storage origination, which added 3.6 GW to backlog. Xcel Energy Inc. XEL reported second-quarter 2026 ongoing earnings of 93 cents per share, beating the Zacks Consensus Estimate of 79 cents by 17.72%. Earnings increased 24% from 75 cents in the year-ago quarter, aided by greater recovery of electric infrastructure investments.Revenues of $3.12 billion missed the consensus estimate of $3.61 billion by 13.48% and declined 5.1% year over year. Weather-adjusted retail electric sales rose 1.5%, while electric and natural gas customer counts each increased 0.7%. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report NiSource, Inc (NI) : Free Stock Analysis Report Xcel Energy Inc. (XEL) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report Dominion Energy Inc. (D) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Second-quarter 2026 GAAP net income of $0.37 per share; operating earnings (non-GAAP) of $0.79 per share Company reaffirms its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share, midpoint of $3.57 per share, and all financial guidance provided on its fourth quarter 2025 earnings call, including operating earnings, credit, dividend and long-term growth guidance RICHMOND, Va., July 31, 2026--(BUSINESS WIRE)--Dominion Energy, Inc. (NYSE: D), today announced unaudited net income determined in accordance with Generally Accepted Accounting Principles (GAAP, or reported earnings) for the three months ended June 30, 2026, of $340 million ($0.37 per share) compared with net income of $760 million ($0.88 per share) for the same period in 2025. Operating earnings (non-GAAP) for the three months ended June 30, 2026, were $712 million ($0.79 per share), compared to operating earnings of $649 million ($0.75 per share) for the same period in 2025. Differences between GAAP and operating earnings for the period include gains and losses on nuclear decommissioning trust funds, mark-to-market impact of economic hedging activities, regulated asset retirements, nonregulated asset impairments, and other adjustments. Details of operating earnings as compared to prior periods, business segment results and detailed descriptions of items included in reported earnings but excluded from operating earnings can be found on Schedules 1, 2, 3, and 4 of this release. Guidance The company reaffirms its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share, midpoint of $3.57 per share, and all financial guidance provided on its fourth quarter 2025 earnings call, including operating earnings, credit, dividend and long-term growth guidance. Webcast today The company will host its second-quarter 2026 earnings call at 11 a.m. ET on Friday, July 31, 2026. Management will discuss matters of interest to financial and other stakeholders including recent financial results. A live webcast of the conference call, including accompanying slides and other financial information, will be available on the investor information pages at investors.dominionenergy.com. For individuals who prefer to join via telephone, domestic callers should dial 1-800-420-1459 and international callers should dial 1-203-518-9861. The conference ID for the telephonic earnings call is DOMINION. Participants should dial in 10 to 15 minutes prior to the scheduled start time. A replay of the webcast will be available on the investor information pages by the end of the day July 31. A telephonic replay of the earnings call will be available beginning at about 2 p.m. ET on July 31. Domestic callers may access the recording by dialing 1-800-723-5154. International callers should dial 1-402-220-2661. The passcode for the replay is 17292. Important note to investors regarding operating, reported earnings Dominion Energy uses operating earnings (non-GAAP) as the primary performance measurement of its results for public communications with analysts and investors. Operating earnings are defined as reported earnings adjusted for certain items. Dominion Energy also uses operating earnings internally for budgeting, for reporting to the Board of Directors, for the company’s incentive compensation plans, and for its targeted dividend payouts and other purposes. Dominion Energy management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power. In providing its operating earnings guidance, the company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to, the mark-to-market impact of economic hedging activities, gains and losses on nuclear decommissioning trust funds, market-related impacts on pension and other postretirement benefit plans, acquisitions, divestitures, or extreme weather events and other natural disasters. At this time, Dominion Energy management is not able to estimate the aggregate impact of these items on future period reported earnings. Accordingly, Dominion Energy is not able to provide a corresponding GAAP equivalent for its operating earnings guidance. About Dominion Energy Dominion Energy (NYSE: D), headquartered in Richmond, Va., provides regulated electricity service to 3.6 million homes and businesses in Virginia, North Carolina, and South Carolina, and regulated natural gas service to 500,000 customers in South Carolina. The company is one of the nation’s leading developers and operators of regulated offshore wind and solar power and the largest producer of carbon-free electricity in New England. The company’s mission is to provide the reliable, affordable, and increasingly clean energy that powers its customers every day. Please visit DominionEnergy.com to learn more. This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to various risks and uncertainties. Factors that could cause actual results to differ include, but are not limited to: risks and uncertainties that may impact the ability of the parties to complete the proposed merger with NextEra Energy at all, or within the terms and time frames initially anticipated, including the ability to obtain the requisite approvals of Dominion Energy and NextEra Energy’s shareholders, applicable regulatory approvals and any associated terms and conditions of such approvals and other events or changes in circumstances that could give rise to the termination of the merger agreement by either party; the impacts of the proposed merger with NextEra Energy, including certain covenants in the merger agreement, and any related uncertainties and disruptions on Dominion Energy’s business, including on its ability to hire and retain employees and/or on its relationships with regulators and other governmental agencies, customers, suppliers, vendors and/or other third parties; unusual weather conditions and their effect on energy sales to customers and energy commodity prices; extreme weather events and other natural disasters; extraordinary external events, such as the pandemic health event resulting from COVID-19; federal, state and local legislative and regulatory developments; changes in or interpretations of federal and state tax laws and regulations; changes to regulated rates collected by Dominion Energy; changes in rules for RTOs and ISOs in which Dominion Energy joins and/or participates; risks associated with entities in which Dominion Energy shares ownership with third parties, such as a 50% noncontrolling interest in the Coastal Virginia Offshore Wind (CVOW) commercial project, including risks that result from lack of sole decision making authority, disputes that may arise between Dominion Energy and third-party participants and difficulties in exiting these arrangements; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; the inability to complete planned construction projects within time frames initially anticipated; risks and uncertainties that may impact the ability to construct the CVOW commercial project within the currently proposed timeline, or at all, and consistent with current cost estimates along with the ability to recover such costs from customers; risks and uncertainties associated with the timely receipt of future capital contributions, including optional capital contributions, if any, from the noncontrolling financing partner associated with the construction of the CVOW commercial project; changes to federal, state, and local environmental laws and regulations, including those related to climate change; cost of environmental strategy and compliance, including cost related to climate change; changes in implementation and enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; unplanned outages at facilities in which Dominion Energy has an ownership interest; risks associated with the operation of nuclear facilities; changes in operating, maintenance or construction costs; the availability of nuclear fuel, natural gas, purchased power or other materials utilized by Dominion Energy to provide electric generation, transmission and distribution and/or gas distribution services; additional competition in Dominion Energy’s industries; changes in technology; changes in demand for Dominion Energy’s services; risks and uncertainties associated with increased energy demand or significant accelerated growth in demand due to new data centers, including the concentration of data centers primarily in Loudoun County, Va., and the ability to obtain regulatory approvals, environmental and other permits to construct new facilities in a timely manner; the technological and economic feasibility of large-scale battery storage, carbon capture and storage, small modular reactors, hydrogen, and/or other clean energy technologies; receipt of approvals for, and timing of, closing dates for acquisitions and divestitures; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures, or retirements of assets based on asset portfolio reviews; adverse outcomes in litigation matters or regulatory proceedings; counterparty credit and performance risk; fluctuations in energy-related commodity prices; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms; and political and economic conditions, including tariffs, inflation and deflation. Other risk factors are detailed from time to time in Dominion Energy’s quarterly reports on Form 10-Q and most recent annual report on Form 10-K filed with the U.S. Securities and Exchange Commission. News Category: Corporate & Financial Consolidated Statements of Income (GAAP) Schedule 1 - Segment Reported and Operating EarningsUnaudited Schedule 2 - Reconciliation of 2026 Reported Earnings to Operating Earnings2026 Earnings (Six Months Ended June 30, 2026) The $698 million pre-tax net loss of the adjustments included in 2026 reported earnings, but excluded from operating earnings, is primarily related to the following items: $232 million net market benefit primarily associated with $341 million from nuclear decommissioning trusts (NDT) offset by $109 million in economic hedging activities. $95 million of regulated asset retirements and other charges (benefits) primarily due to a net charge associated with Virginia Power’s share of costs not expected to be recovered from customers on the Coastal Virginia Offshore Wind (CVOW) Commercial project. $704 million of nonregulated asset impairments and other charges (benefits) primarily due to an $820 million charge associated with nonregulated renewable natural gas facilities and a $78 million charge associated with certain nonregulated solar generation facilities offset by a $195 million benefit related to the revision of asset retirement obligations at Millstone nuclear power station. Schedule 3 - Reconciliation of 2025 Reported Earnings to Operating Earnings2025 Earnings (Twelve Months Ended December 31, 2025) The $112 million pre-tax net income of the adjustments included in 2025 reported earnings, but excluded from operating earnings, is primarily related to the following items: $485 million net market benefit primarily associated with $507 million from nuclear decommissioning trusts (NDT) and $131 million on pension and other postretirement benefit (OPEB) plans offset by $153 million in economic hedging activities. $258 million of regulated asset retirements and other charges primarily associated with Virginia Power’s share of costs not expected to be recovered from customers on the Coastal Virginia Offshore Wind (CVOW) Commercial project. Schedule 4 - Reconciliation of 2Q26 Earnings to 2Q25Preliminary, Unaudited View source version on businesswire.com: https://www.businesswire.com/news/home/20260730599112/en/ Contacts For further information: Media: Ryan Frazier, (804) 836-2083 or [email protected];Investor Relations: David McFarland, (804) 819-2438 or [email protected]

Dominion Energy (D) came out with quarterly earnings of $0.79 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +8.22%. A quarter ago, it was expected that this energy company would post earnings of $0.89 per share when it actually produced earnings of $0.95, delivering a surprise of +6.74%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. Dominion Energy, which belongs to the Zacks Utility - Electric Power industry, posted revenues of $4.48 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 10.33%. This compares to year-ago revenues of $3.81 billion. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Dominion Energy shares have added about 19% since the beginning of the year versus the S&P 500's gain of 8.7%. While Dominion Energy has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Dominion Energy was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $4.95 billion in revenues for the coming quarter and $3.57 on $18.3 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the bottom 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. One other stock from the same industry, Otter Tail (OTTR), is yet to report results for the quarter ended June 2026. The results are expected to be released on August 3. This power company and manufacturer is expected to post quarterly earnings of $1.48 per share in its upcoming report, which represents a year-over-year change of -20%. The consensus EPS estimate for the quarter has been revised 8.9% lower over the last 30 days to the current level. Otter Tail's revenues are expected to be $334.5 million, up 0.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D) : Free Stock Analysis Report Otter Tail Corporation (OTTR) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in Dominion Energy Inc.? Here are five stocks we like better. Dominion reaffirmed its 2026 outlook after reporting second-quarter operating earnings of $0.79 per share, including $0.03 from renewable natural gas credits. The company also completed its planned common-equity program and maintained its credit, dividend and long-term growth guidance. Data-center demand continues to drive electricity growth, with more than 53 gigawatts of capacity in various contracting stages and roughly 12 GW under electric service agreements. Dominion has added more than 5 GW of data-center contracts since the end of 2025 and says its large-load framework will protect existing customers from related infrastructure costs. The Coastal Virginia Offshore Wind project is 81% complete, but final turbine installation was delayed six months to year-end 2027 and the cost estimate increased about 2% to $11.65 billion. Meanwhile, Dominion and NextEra have formally entered the regulatory review process for their proposed combination, which includes $2.25 billion in shareholder-funded customer bill credits. Powering Up: NextEra and Brookfield Build an Off-Grid Empire Dominion Energy (NYSE:D) reported second-quarter 2026 operating earnings of $0.79 per share, including $0.03 per share from renewable natural gas 45Z credits, while GAAP earnings were $0.37 per share. The utility reaffirmed its full-year operating earnings, credit, dividend and long-term growth guidance, citing a strong first half and continued demand growth across its service territory. Chief Financial Officer Steven Ridge said the company completed its planned 2026 common-equity program and that its full-year 2025 and second-quarter last-12-month funds-from-operations-to-debt metrics were both above 15%. → Why SK hynix Could Be the Best AI Chip Stock to Buy Now 3 Refiners Benefiting From Oil Volatility and Tight Fuel Supply Management said electricity demand has continued to rise, supported by regional economic growth and data-center expansion. Nine of the Dominion Zone's 10 highest all-time peak-demand days have occurred this year, including its eight highest summer peak days during the past two months. Dominion said it now has more than 53 gigawatts of data-center capacity in various stages of contracting, including about 12 GW under electric service agreements. The company has added more than 5 GW of contracts since the end of 2025, an increase of roughly 11%. → Microsoft Just Flipped the AI Spending Narrative Overnight Chips & Clips: Memory Tariffs Rewire Tech Supply Chains Ridge said large-load customers continue to cite Virginia's network density, connectivity and existing ecosystem as reasons to build and retain high-value data-center workloads in the state. Dominion said its large-load framework is intended to require those customers to pay for investments needed to support their growth while protecting existing customers from cost shifts and reducing stranded-cost risk. During the question-and-answer session, Executive Vice President of Utility Operations Ed Baine addressed a recent transmission-line fault that caused some data centers to shift to backup power. Baine said such events are rare and that data centers would typically ride through momentary disruptions. Dominion does not believe major incremental grid investments are needed as a result of the event, he said, but plans to work with customers on mitigation measures and lessons learned. → Carrier Earnings Could Send the Stock to a New All-Time High Chief Executive Officer Bob Blue said the Coastal Virginia Offshore Wind, or CVOW, project was 81% complete and had reached several fabrication and installation milestones. All nacelles have been fabricated, while 99% of towers and 85% of blades were complete. Tower fabrication was expected to finish in the coming days, with final blade production anticipated in October. The company had installed 31 turbines as of the call, with a 32nd installation under way. The installed turbines represented more than 450 megawatts of capacity, according to Blue. Dominion expects the project’s third and final offshore substation to be energized by year-end, at which point approximately half of project investment, excluding certain network-upgrade costs, is expected to be in service. However, Dominion moved the expected installation date for the final turbine back by six months, to year-end 2027. Blue said the revised schedule adds weather and vessel-maintenance contingency, accounts for observed load-out times at Portsmouth Marine Terminal, and reflects longer expected jacking durations at certain turbine locations with more challenging subsea conditions. The company raised its CVOW cost estimate by approximately 2% to $11.65 billion, including $123 million of unused contingency. The increase includes about $288 million associated with the additional two quarters needed to finish final turbine installation. Blue said this equates to about $144 million per additional quarter, below Dominion’s previous rule-of-thumb range of $150 million to $200 million per quarter. Other changes to the budget included $228 million in additional tariff costs, a $502 million reduction tied to the reallocation of certain PJM-assigned network upgrade costs, and about $234 million in miscellaneous costs related to cable protection, fuel, mitigation for difficult jacking locations and final onshore construction. Dominion said it expects its financing partner to bear about one-third of the latest cost increase. Blue said the company received a final order on July 29 approving 100% of its revenue requests in its 2025 CVOW rider proceeding. Dominion estimates the project will generate approximately $5 billion in customer fuel savings during its first 10 years of operation. Dominion and NextEra Energy have filed their joint proxy statement on Form S-4 and submitted state and federal regulatory applications for their proposed combination. The filings were made with the Virginia State Corporation Commission, North Carolina Utilities Commission, Public Service Commission of South Carolina, Federal Energy Regulatory Commission and Nuclear Regulatory Commission. Blue said the Virginia commission has issued a procedural schedule that includes evidentiary hearings beginning Nov. 17. In South Carolina, the proposed schedule calls for a Dec. 8 hearing and a final order by Jan. 29, 2027, though the commission had not yet ruled on the proposed timeline. Under the proposed merger terms, Dominion customers would receive $2.25 billion in shareholder-funded bill credits. Blue said the companies believe a combined organization could more efficiently buy, build, finance and operate energy infrastructure across four states. Responding to questions about calls for a longer review period in Virginia, Blue said Dominion believes the established schedule is sufficient. He cited the commission’s experience with mergers and complex cases subject to statutory timelines. Dominion recently filed air permits for two proposed natural gas-fired combined-cycle plants: Kennedy Station in South Carolina and Mount Storm in West Virginia. Together, the projects represent nearly 5 GW of potential new capacity. Ridge said the Mount Storm project is not incremental to Dominion’s current capital plan, which already anticipated accelerating capital spending later in the planning period for natural-gas investments. The company also said it is working to accelerate battery deployment following Virginia legislation that increased storage targets. Blue said Dominion has about $2 billion of battery investment in its current five-year forecast, representing roughly 3% of the total capital plan. A commission-sponsored technical conference this fall and the company’s forthcoming integrated resource plan are expected to provide additional detail. In South Carolina, comprehensive settlement agreements in Dominion subsidiary DESC’s electric rate case were unanimously approved in June, with new rates taking effect at the start of July. Dominion said it has now reached settlements in each of its past four South Carolina electric and gas base-rate cases. At its Millstone nuclear facility, Dominion expects a decision soon from the Connecticut Department of Energy and Environmental Protection regarding its bid in a zero-carbon energy solicitation. The company said Millstone’s current power-purchase agreement is expected to save Connecticut customers more than $300 million in 2026 and more than $900 million over its 10-year term based on current forward curves. Dominion Energy, Inc, headquartered in Richmond, Virginia, is a diversified energy company that primarily operates regulated electricity and natural gas utilities and develops energy infrastructure. The company's core activities include the generation, transmission and distribution of electricity to residential, commercial and industrial customers, as well as the purchase, storage and delivery of natural gas. Dominion combines traditional utility operations with energy infrastructure businesses to provide essential services across its service territories. Dominion's electricity portfolio spans multiple technologies and fuel sources, including nuclear, natural gas-fired generation and renewable resources such as utility-scale solar and wind. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "Dominion Energy Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

This article first appeared on GuruFocus. Operating Earnings: $0.79 per share for Q2 2026, including $0.03 of RNG 45Z credits. GAAP Earnings: $0.37 per share for Q2 2026. FFO to Debt: Full year 2025 and Q2 LTM metrics both above 15%. Data Center Capacity: Over 53 gigawatts in various stages of contracting, with approximately 12 gigawatts contracted under electric service agreements. CVOW Project Cost Estimate: Increased by approximately 2% to $11.65 billion, including $123 million of unused contingency. CVOW Completion: 81% complete, with 31 turbines installed and the 32nd in progress. CVOW Fuel Savings: Expected to generate approximately $5 billion in fuel savings for customers during the first 10 years of operation. Millstone PPA Savings: Expected to save customers over $300 million this year, including $190 million year-to-date, and over $900 million over the 10-year life. Warning! GuruFocus has detected 10 Warning Signs with D. Is D fairly valued? Test your thesis with our free DCF calculator. Release Date: July 31, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Dominion Energy Inc (NYSE:D) reaffirmed all financial guidance for 2026, including operating earnings, credit, dividend, and long-term growth targets, reflecting strong first-half performance. The company reported robust demand growth, with over 53 gigawatts of data center capacity in various stages of contracting, including 12 gigawatts under electric service agreements, and added 5 gigawatts of contracts since year-end. CVOW offshore wind project achieved 81% completion, with 31 turbines installed (over 450 MW) and all major components proven in service, significantly derisking the project. Regulatory outcomes have been constructive, including unanimous approval of the South Carolina rate case settlement and a final order approving 100% of the revenue request in the 2025 rider filing. The proposed merger with NextEra Energy is progressing, with regulatory filings submitted and procedural schedules set in Virginia, South Carolina, and federal agencies, and the company expects to deliver $2.25 billion in customer bill credits. The final turbine installation for CVOW has been delayed by 6 months to year-end 2027, due to reduced weather and vessel maintenance contingency, longer loadout times, and extended jacking operations at certain locations. Project cost estimate for CVOW increased by approximately 2% to $11.65 billion, adding about $288 million for the two additional quarters of installation, though partially offset by other adjustments. A transmission line outage in Virginia caused data centers to switch to backup power, highlighting potential grid reliability challenges and the need for ongoing mitigation efforts. The company faces uncertainty regarding the Connecticut Millstone solicitation decision, with potential delays in contract negotiations and regulatory approval timelines. The merger with NextEra Energy faces regulatory scrutiny, with some stakeholders in Virginia requesting a more extended review period, though the company believes the current schedule is sufficient. Q: Can you frame the risk of further slippage in the offshore wind timeline and what informs your confidence that the year-end 2027 final turbine date is now correct?A: (Company Representative) The strategic value of CVOW hasn't changed; it remains one of the fastest ways to bring power to customers and is one of the most affordable energy sources. The project is substantially derisked, with over 450 megawatts already on the grid and approximately half of project investment expected to be in service by year-end. The updated schedule is based on actual experience, including load-out timing at Portsmouth, added weather and vessel maintenance contingency, and longer jacking durations at certain challenging locations. The final turbine date has moved, but the project is already producing power, benefiting customers, and supporting regulatory recovery. Q: Do you expect the procedural schedule for the NextEra Energy merger review to stay as is, given some headlines in Virginia suggesting a need for a more extended review period?A: (Company Representative) Conversations with stakeholders have gone well. The Virginia State Corporation Commission (SCC) staff indicated they are used to working with statutory deadlines and did not ask for more time or resources. The current timeframe is sufficient given the expertise of the Virginia Commission and staff, who handle complex rate cases within statutory timelines regularly. We believe the schedule makes sense and it doesn't make sense to change the rules in the middle of the game. Q: Following the recent grid disruption event in Virginia where data centers shifted to backup power, do you see a need to incrementally strengthen the system with transmission or storage investments?A: (Company Representative & Edward Baine, EVP Utility Operations) The event was handled well by planners and system operators, but there are always lessons to be learned. We have been investing heavily in the transmission system for years, including specific projects in that area. We will continue to collaborate with customers to identify mitigation opportunities and implement lessons learned. We do not feel significant new investments are needed because of ongoing grid upgrades, but we will continue to implement other mitigating items. Q: Can you provide a timeline or incremental color on when we should start seeing proposals to meet the new battery storage mandate from the legislature?A: (Company Representative) The legislation calls for an acceleration and increase in the target, and we are in the process of ramping up. We have $2 billion in the current 5-year forecast for battery storage. There will be a technical conference this fall sponsored by the commission to discuss feasibility, and our next Integrated Resource Plan (IRP) will incorporate our latest perspectives on accelerating deployment. We expect to need to ramp up more quickly, developing expertise and a pipeline of developers similar to what we did for solar after the Virginia Clean Economy Act. Q: Where do you see the most opportunity for efficiency in the turbine installation timeline, given the reduction in days per turbine embedded in the new target?A: (Company Representative) The main areas for efficiency gains are quicker turnarounds at the Portsmouth Marine Terminal during reloadingthe most recent turnaround was the fastest to dateand the ability to jack the vessel up and down faster, especially at more challenging locations. As we complete more iterations, we continue to get faster and more efficient, consistent with the learning curve seen elsewhere on the project. Q: Is the proposed Mount Storm combined cycle plant incremental to the base capital plan, and what other opportunities do you see in West Virginia given the state's focus on data center growth?A: (CFO Steven Ridge & CEO Robert Blue) The Mount Storm project is incremental to the current capital plan, which already includes an acceleration of capital towards the back end driven by natural gas investments. The IRP projects a continued build-out of these resources into the early 2030s. Regarding West Virginia, we have operated the Mount Storm power station for decades, and the opportunity to build new generation there supports our regulated footprint and growing demand. We have available property and gas access, making it a great opportunity to support our build program for regulated customers. Q: Can you elaborate on the key drivers behind the updated CVOW project cost estimate and the expected cost-sharing impact?A: (CEO Robert Blue) The project cost estimate is updated by a little less than $250 million to $11.65 billion, a ~2% increase. This reflects a net reduction of ~$40 million from various adjustments (including $228 million for tariff costs, a $502 million reallocation of PJM network upgrade costs, and $234 million for miscellaneous costs like cable protection and mitigation for difficult jacking locations), offset by $288 million for the incremental two quarters to complete final turbine installation. Approximately one-third of the most recent cost increase will be shared with our financing partner, and the project continues to have minimal impact on LCOE or customer bills. Q: What is the status of the Millstone nuclear facility's bid in Connecticut's zero carbon energy RFP, and what value has the existing contract delivered?A: (CEO Robert Blue) We expect a solicitation decision from the Connecticut Department of Energy and Environmental Protection in the near term. Negotiations with local utilities will begin thereafter, with contracts submitted to PURA for approval, a process that can take up to 180 days. The existing PPA has saved customers over $300 million this year, including $190 million year-to-date, and is expected to save over $900 million over its 10-year life based on current forward curves. Q: Can you provide an update on the data center demand trends and how you are managing the associated load growth?A: (CFO Steven Ridge) We now have over 53 gigawatts of data center capacity in various stages of contracting, including approximately 12 gigawatts contracted under electric service agreements. We've added over 5 gigawatts of contracts (roughly 11%) since the end of last year. Demand remains robust and durable from high-quality, low-risk customers who need to stay in Virginia for network density and ecosystem advantages. We are bringing these customers onto the system using a large load framework that protects existing customers from cost shifts and mitigates stranded cost risk. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Dominion Energy, Inc. D reported second-quarter 2026 operating earnings of 79 cents per share, up 5.3% year over year. The figure surpassed the Zacks Consensus Estimate of 73 cents by 8.22%.GAAP earnings were 37 cents per share, down from 88 cents in the prior-year quarter. Net income attributable to Dominion Energy fell to $340 million from $760 million.The difference between GAAP and operating results reflected a 42-cent adjustment. Items included nuclear decommissioning trust gains, economic hedging impacts, regulated asset retirements, nonregulated asset impairments and merger-related costs. Operating revenues increased 17.6% to $4.48 billion and beat the consensus mark of $4.06 billion by 10.32%. Results benefited from stronger Dominion Energy Virginia earnings, supported by regulatory impacts, rider returns and customer usage. Weather-normal regulated electric sales rose 4.1% over the trailing 12 months. Dominion Energy Virginia contributed operating earnings of $670 million, up $121 million from the year-ago quarter. Its earnings contribution increased to 76 cents per share from 64 cents.The improvement included $105 million from the 2025 Biennial Review and $79 million from rider equity returns. Customer usage and other factors added $23 million. These gains were partly offset by higher electric capacity expense, storm restoration costs, planned outage costs and nuclear production tax credit impacts. Dominion Energy South Carolina generated operating earnings of $105 million, down $4 million year over year. Customer usage and rate-case impacts provided support, but depreciation, interest expense and other items weighed on the segment.Contracted Energy’s contribution declined $16 million to $31 million. A $28 million margin benefit and higher renewable energy tax credits were more than offset by increased depreciation, interest expense and other costs. Corporate and Other posted a $94 million loss, widening from $56 million, primarily due to higher net interest expense. Total operating expenses climbed to $4.15 billion from $2.71 billion. Electric fuel and other energy-related purchases rose to $1.32 billion, while other operations and maintenance expenses increased to $1.88 billion. Interest and related charges advanced to $555 million from $505 million. Data center contracted capacity in Virginia reached approximately 53.8 gigawatts(“GW”) in July 2026, up 5.3 GW, or 11%, from December 2025. The total included 12 GW under electric service agreements, 9.4 GW under construction authorizations and 32.4 GW in detailed engineering.Commercial demand remained the strongest sales category. Weather-normal commercial electric sales grew 8.5% over the trailing 12 months, contributing to the 4.1% increase across Dominion Energy Virginia and South Carolina.The regulated utilities served 4.1 million customers in the quarter. Virginia accounted for 2.8 million, while South Carolina served 1.3 million. Average customer growth was 0.9% in Virginia and 2% in South Carolina. The Coastal Virginia Offshore Wind (CVOW) project was nearly 81% complete as of July 31. All 176 monopiles and transition pieces had been installed, while 31 wind turbines were complete and the 32nd was in progress.Dominion Energy now targets installation of the final turbine by year-end 2027. The revised schedule incorporates additional weather, vessel maintenance, loadout and jacking-operation contingencies.The project’s capital budget increased to $11.65 billion, including $123 million of unused contingency. Project-to-date investment was approximately $9.8 billion at June 30, leaving about $1.9 billion of remaining costs. Dominion Energy expects to fund roughly $1 billion of that amount after Stonepeak’s contribution. Cash and cash equivalents as of June 30, 2026, were $296 million compared with $250 million as of Dec. 31, 2025.Balance sheet metrics continue to reflect the capital intensity of the business. Total long-term debt stood at $46.72 billion at June 30, 2026, while total assets were $121.89 billion. On the cash flow statement, net cash provided by operating activities was $2.45 billion for the first half of 2026, compared with $2.42 billion in the first half of 2025. Management reaffirmed 2026 operating earnings guidance of $3.45-$3.69 per share, with a midpoint of $3.57. The outlook includes approximately 7 cents per share of renewable natural gas tax-credit income. The Zacks Consensus Estimate for 2026 earnings per share is currently pegged at $3.57 per share.The company also maintained its long-term operating earnings growth target of 5-7% through 2030, with growth expected to trend toward the upper half of that range from 2028 through 2030. Dominion Energy reiterated its planned 2026 dividend of $2.67 per share and its approximately $65 billion capital investment program for 2026-2030. Currently, Dominion Energy has a Zacks Rank #4 (Sell). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. NextEra Energy NEE reported second-quarter 2026 results with adjusted earnings per share of $1.15, up 9.5% from $1.05 a year ago. The figure beat the Zacks Consensus Estimate of $1.09 by 5.5%.The Zacks Consensus Estimate for 2026 and 2027 earnings per share indicates year-over-year growth of 8.36% and 8.73%, respectively.FirstEnergy FE reported second-quarter 2026 adjusted earnings of 50 cents per share, which beat the Zacks Consensus Estimate of 49 cents by 2.04%. In the year-ago quarter, the company reported earnings of 52 cents per share. The Zacks Consensus Estimate for 2026 and 2027 earnings per share implies year-over-year growth of 7.06% and 7.78%, respectively.Xcel Energy Inc. XEL reported second-quarter 2026 ongoing earnings of 93 cents per share, beating the Zacks Consensus Estimate of 79 cents by 17.72%. Earnings increased 24% from 75 cents in the year-ago quarter, aided by greater recovery of electric infrastructure investments.The Zacks Consensus Estimate for 2026 and 2027 earnings per share implies year-over-year growth of 8.16% and 9.52%, respectively. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dominion Energy Inc. (D) : Free Stock Analysis Report Xcel Energy Inc. (XEL) : Free Stock Analysis Report NextEra Energy, Inc. (NEE) : Free Stock Analysis Report FirstEnergy Corporation (FE) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research