Dominion Energy Reports Steady Q3 Earnings Amid Offshore Wind Progress
Dominion Energy delivered stable third-quarter results, with operating earnings reaching $1.06 per share and GAAP earnings at $1.16. The company reaffirmed its full-year guidance midpoint at $3.40 per share, signaling confidence in its regulated investment strategy despite weather-related headwinds.
The Coastal Virginia Offshore Wind (CVOW) project, now two-thirds complete with $8.2 billion invested, remains a cornerstone of Dominion's growth strategy. Meanwhile, surging data center demand—evidenced by 28 gigawatts in substation engineering—highlights expanding infrastructure needs.
Shares edged up 0.44% to $58.69 in after-hours trading, reflecting measured optimism about the utility's execution. No direct cryptocurrency market implications were identified in the report.
