← Who reports today · Utilities
D · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
Revenue grew 17.6% y/y to $4.48B, operating margin 7.3% vs 28.8%, net income $340M (−55.3% y/y).
Net income attributable to Dominion Energy
$340M
down 55.3% y/y
Operating revenue
$4,480M
up 17.6% y/y
Income from operations
$329M
down 70.0% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Operating revenue | $4,480 · +17.6% |
| Fuel, purchased capacity and purchased gas (calculated) | $1,448 · +43.8% |
| Other operations and maintenance (incl. impairments) | $1,878 · +101% |
| Depreciation and amortization | $615 · +6.0% |
| Other taxes | $210 · +8.2% |
| Income from operations | $329 · −70.0% · 7.3% margin |
| Other income net of interest and related charges (calculated) | $123 · vs −$63 |
| Income from continuing operations before income tax | $452 · −56.2% |
| Income tax expense | $122 · −44.5% · 27.0% effective rate |
| Net income (loss) from discontinued operations | $1 · vs $1 |
| Noncontrolling interests | $11 · vs −$54 |
| Net income attributable to Dominion Energy | $340 · −55.3% · $0.37/sh · 7.6% margin |
Verdict: revenue grew 17.6% y/y to $4.48B, operating margin 7.3% vs 28.8%, net income $340M (−55.3% y/y).
Reported EPS $0.37 vs $0.88 a year earlier; operating earnings (non-GAAP) $0.79 per share vs $0.75; 2026 operating earnings guidance of $3.45 to $3.69 per share reaffirmed.
Source and notation
Source: Dominion Energy earnings release, 8-K EX-99 of 07/31/2026 (SEC EDGAR). Utility layout: operating revenues less fuel and purchased power, operations and maintenance, depreciation and taxes other than income taxes give operating income; interest and other income lead to pre-tax income. The income statement lines were taken from the release by hand; the program found every figure in the release text and checked the accounting identities and the chart balance; revenue and net income match the company's 10-Q.
Open as an image: D, Q2 2026 (PNG) ↗ · for sharing and presentations · free to reuse, CC BY 4.0
Cite / embed this chart
Free to use in articles, research and social posts with credit to Who Reports Today and a link — licensed under CC BY 4.0 (terms).
Chart: “D Q2 2026: where the revenue went” by Who Reports Today, https://whoreportstoday.com/t/d/q2-2026. Licensed under CC BY 4.0.
<figure> <a href="https://whoreportstoday.com/t/d/q2-2026"><img src="https://whoreportstoday.com/t/d/q2-2026/sankey.png" alt="D Q2 2026: where the revenue went" loading="lazy" style="max-width:100%;height:auto"></a> <figcaption>Source: <a href="https://whoreportstoday.com/t/d/q2-2026">Who Reports Today</a>, licensed under <a href="https://creativecommons.org/licenses/by/4.0/">CC BY 4.0</a></figcaption> </figure>
https://whoreportstoday.com/t/d/q2-2026/sankey.png
<a href="https://whoreportstoday.com/t/d/q2-2026">D Q2 2026 earnings chart (Who Reports Today)</a>
This is an archived report: the image at this link won’t change. If you change the chart (crop, translate), say so in the credit. Company logos and trademarks are not covered by the license.
- GAAP earnings fell because other operations and maintenance doubled to $1,878M, including impairments: for the first half of 2026 the company recorded $704 million of nonregulated asset impairments and other charges, mainly an $820 million charge for nonregulated renewable natural gas facilities.
- Operating revenue grew 17.6% to $4,480M, with electric fuel and other energy-related purchases up to $1,315M from $946M.
- By segment, operating earnings of Dominion Energy Virginia rose to $0.76 per share from $0.64.
- Below operating income, other income of $678M exceeded interest and related charges of $555M, so pre-tax income ($452M) was higher than income from operations ($329M).
- Operating income was $329M, a 7.3% margin vs 28.8% a year earlier.
- The effective tax rate was 27.0% vs 21.3% a year earlier.
What distorts the picture in this report and what to watch beyond the headlines.
D — Dominion Energy is a U.S. regulated electric and natural gas utility company serving customers mainly in Virginia, North Carolina and South Carolina, including the Coastal Virginia Offshore Wind project.
Headquarters: Richmond, Virginia.
Heads-up
- net income fell 55% y/y in Q2 2026
Net income for Q2 2026: $340M, −55% y/y. In the report's figures: costs grew faster than revenue: other operations and maintenance (incl. impairments) +101% y/y, fuel, purchased capacity and purchased gas (calculated) +44% y/y. Based on the Q2 2026 report.
The company's report ↗More reports: DTE · Q2 2026 · DUK · Q2 2026 · ED · Q2 2026 · EIX · Q2 2026 · ES · Q2 2026 · ETR · Q2 2026 · EVRG · Q2 2026 · EXC · Q2 2026 · FE · Q3 2026 · LNT · Q2 2026 · all reports