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Dominion Energy — Supporting Material (opens in new window) PDF 1.19 MB (company IR deck)
Dominion Energy (D) · 0 slides · Filed Oct 30, 2026
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Slide 1 — 3rd Quarter 2026
3rd Quarter 2026 Earnings Release Kit October 30, 2026
Slide 2 — Table of Contents
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 2 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Table of Contents IMPORTANT NOTE TO INVESTORS ......................................................................................................................... 3 EARNINGS RELEASE AND ACCOMPANYING SCHEDULES .............................................................................. 4 CONSOLIDATED STATEMENTS OF INCOME (GAAP) .................................................................................... 6 SCHEDULE 1 - SEGMENT REPORTED AND OPERATING EARNINGS ........................................................ 7 SCHEDULE 2 - RECONCILIATION OF 2026 REPORTED EARNINGS TO OPERATING EARNINGS ..... 8 SCHEDULE 3 - RECONCILIATION OF 2025 REPORTED EARNINGS TO OPERATING EARNINGS ..... 9 SCHEDULE 4 - RECONCILIATION OF 3Q26 EARNINGS TO 3Q25 .............................................................. 10 FINANCIALS ...................................................................................................................................................................... 11 CONSOLIDATED FINANCIAL STATEMENTS (GAAP) ...................................................................................... 11 SEGMENT EARNINGS RESULTS ............................................................................................................................ 14 GAAP RECONCILIATIONS AND OTHER INFORMATION .................................................................................. 19 RECONCILIATION OF 2026 CONSOLIDATED REPORTED EARNINGS TO OPERATING EARNINGS. 19 RECONCILIATION OF 2025 CONSOLIDATED REPORTED EARNINGS TO OPERATING EARNINGS. 20 RECONCILIATION OF 2026 CORPORATE AND OTHER REPORTED EARNINGS TO OPERATING EARNINGS ................................................................................................................................................................. 21 RECONCILIATION OF 2025 CORPORATE AND OTHER REPORTED EARNINGS TO OPERATING EARNINGS ................................................................................................................................................................. 22 CORPORATE AND OTHER DETAILED SEGMENT EARNINGS RESULTS .................................................... 23 2026 EARNINGS EXPECTATIONS ......................................................................................................................... 24
Slide 3 — Important Notes to Investors
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 3 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Important Notes to Investors This 3Q26 Earnings Release Kit 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 anticipated terms and time frames, including the ability to obtain applicable regulatory approvals and any associated terms and conditions of such approvals and any 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. Certain information provided in this 3Q26 Earnings Release Kit includes financial measures that are not required by or presented in accordance with generally accepted accounting principles (GAAP), including operating earnings, operating earnings per share and Adjusted EBIT. These non- GAAP financial measures should not be considered as alternatives to GAAP measures, such as net income, earnings per share and income from operations, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used by other companies. Reconciliations of these non-GAAP measures to the most directly comparable financial measures calculated in accordance with GAAP are provided beginning on page 19 of this 3Q26 Earnings Release Kit. The consolidated financial data and statistics in this 3Q26 Earnings Release Kit and its individual components reflect the financial position and operating results of Dominion Energy and its primary operating segments through September 30, 2026. Independent auditors have not audited any of the financial and operating statements. Projections or forecasts shown in this document are subject to change at any time. Dominion Energy undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made. This 3Q26 Earnings Release Kit has been prepared primarily for securities analysts and investors in the hope that it will serve as a convenient and useful reference document. The format of this release kit may change in the future as we continue to try to meet the needs of securities analysts and investors. This 3Q26 Earnings Release Kit does not constitute an offer to sell or the solicitation of an offer to buy securities. Any offers to sell or solicitations of offers to buy securities will be made in accordance with the requirements of the Securities Act of 1933, as amended. This document is not intended for use in connection with any sale, offer to sell, or solicitation of any offer to buy securities. Please continue to check our website regularly at http://investors.dominionenergy.com/.
Slide 4 — Earnings Release and Accompanying Schedules
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 4 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Earnings Release and Accompanying Schedules October 30, 2026 Dominion Energy Announces Third-Quarter 2026 Results • Third-quarter 2026 GAAP net income of $1.30 per share; operating earnings (non-GAAP) of $1.28 per share • Company expects to be in top half of 2026 operating EPS guidance range; reaffirms existing operating earnings, credit, dividend, and long-term growth guidance RICHMOND, Va. – 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 Sept. 30, 2026, of $1.2 billion ($1.30 per share) compared with net income of $1.0 billion ($1.16 per share) for the same period in 2025. Operating earnings (non-GAAP) for the three months ended Sept. 30, 2026, were $1.1 billion ($1.28 per share), compared to operating earnings of $921 million ($1.06 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, 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 expects to be in the top half of the 2026 operating earnings guidance range of $3.45 to $3.69 per share and reaffirms existing operating earnings, credit, dividend, and long-term growth guidance. Webcast today The company will host its third-quarter 2026 earnings call at 11 a.m. ET on Friday, Oct. 30, 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 1-833-309-3473 and international callers should dial 1-785-838-9251. 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 October 30. A telephonic replay of the earnings call will be available beginning at about 2 p.m. ET on October 30. Domestic callers may access the recording by dialing 1-800-757-4768. International callers should dial 1-402-220-7227. 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
Slide 5 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 5 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. 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. ##### For further information: Media: Ryan Frazier, (804) 836-2083 or [email protected]; Investor Relations: David McFarland, (804) 819-2438 or [email protected]
Slide 6 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 6 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Consolidated Statements of Income (GAAP) Dominion Energy, Inc. Consolidated Statements of Income * Unaudited (GAAP Based) Three Months Ended Nine Months Ended September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 5,617 $ 4,527 $ 15,116 $ 12,413 Operating Expenses Electric fuel and other energy-related purchases 1,603 1,337 4,524 3,245 Purchased electric capacity 106 36 255 63 Purchased gas 40 31 236 221 Other operations and maintenance(1) 1,089 980 3,917 2,857 Depreciation and amortization 722 609 1,968 1,771 Other taxes 215 195 653 598 Total operating expenses 3,775 3,188 11,553 8,755 Income (loss) from operations 1,842 1,339 3,563 3,658 Other income (expense) 271 432 952 884 Interest and related charges 623 527 1,739 1,513 Income (loss) from continuing operations including noncontrolling interests before income tax expense (benefit) 1,490 1,244 2,776 3,029 Income tax expense (benefit) 215 216 385 476 Net Income (loss) from continuing operations 1,275 1,028 2,391 2,553 Net Income (loss) from discontinued operations (1 ) - (3 ) - Net Income (loss) including noncontrolling interests 1,274 1,028 2,388 2,553 Noncontrolling interests 114 22 267 122 Net Income (loss) attributable to Dominion Energy $ 1,160 $ 1,006 $ 2,121 $ 2,431 Amounts attributable to Dominion Energy Net Income (loss) from continuing operations $ 1,161 $ 1,006 $ 2,124 $ 2,431 Net Income (loss) from discontinued operations (1 ) - (3 ) - Net Income (loss) attributable to Dominion Energy $ 1,160 $ 1,006 $ 2,121 $ 2,431 Reported Income (loss) per common share from continuing operations - diluted $ 1.30 $ 1.16 $ 2.37 $ 2.81 Reported Income (loss) per common share from discontinued operations - diluted - - - - Reported Income (loss) per common share - diluted $ 1.30 $ 1.16 $ 2.37 $ 2.81 Average shares outstanding, diluted 882.1 855.4 881.4 853.6 (1) Includes impairment of assets and other charges (benefits). *The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.
Slide 7 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 7 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Schedule 1 - Segment Reported and Operating Earnings Unaudited Three Months Ended September 30, Nine Months Ended September 30, (millions, except per share amounts) 2026 2025 Change 2026 2025 Change REPORTED EARNINGS(1) $ 1,160 $ 1,006 $ 154 $ 2,121 $ 2,431 $ (310 ) Pre-tax loss (income)(2) (37 ) (146 ) 109 661 (146 ) 807 Income tax(2) 16 61 (45 ) (84 ) 88 (172 ) Adjustments to reported earnings (21 ) (85 ) 64 577 (58 ) 635 OPERATING EARNINGS (non-GAAP) $ 1,139 $ 921 $ 218 $ 2,698 $ 2,373 $ 325 By segment: Dominion Energy Virginia $ 862 $ 679 $ 183 $ 2,202 $ 1,789 $ 413 Dominion Energy South Carolina 230 168 62 461 429 32 Contracted Energy 134 165 (31 ) 284 321 (37 ) Corporate and Other (87 ) (91 ) 4 (249 ) (166 ) (83 ) $ 1,139 $ 921 $ 218 $ 2,698 $ 2,373 $ 325 Earnings Per Share (EPS)(3): REPORTED EARNINGS(1) $ 1.30 $ 1.16 $ 0.14 $ 2.37 $ 2.81 $ (0.44 ) Adjustments to reported earnings (after- tax) (0.02 ) (0.10 ) 0.08 0.65 (0.07 ) 0.72 OPERATING EARNINGS (non-GAAP) $ 1.28 $ 1.06 $ 0.22 $ 3.02 $ 2.74 $ 0.28 By segment: Dominion Energy Virginia $ 0.98 $ 0.79 $ 0.19 $ 2.51 $ 2.10 $ 0.41 Dominion Energy South Carolina 0.26 0.20 0.06 0.52 0.50 0.02 Contracted Energy 0.15 0.19 (0.04 ) 0.32 0.38 (0.06 ) Corporate and Other (0.11 ) (0.12 ) 0.01 (0.33 ) (0.24 ) (0.09 ) $ 1.28 $ 1.06 $ 0.22 $ 3.02 $ 2.74 $ 0.28 Common Shares Outstanding (average, diluted) 882.1 855.4 881.4 853.6 (1) Determined in accordance with Generally Accepted Accounting Principles (GAAP). (2) Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings. Refer to Schedules 2 and 3 for details or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at investors.dominionenergy.com. (3) The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. During each quarter of 2026 and 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information.
Slide 8 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 8 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Schedule 2 - Reconciliation of 2026 Reported Earnings to Operating Earnings 2026 Earnings (Nine Months Ended September 30, 2026) The $661 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: • $315 million net market benefit primarily associated with $438 million from nuclear decommissioning trusts (NDT) offset by $123 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. • $719 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 $79 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. (millions, except per share amounts) 1Q26 2Q26 3Q26 4Q26 YTD 2026(4) Reported earnings $ 621 $ 340 $ 1,160 $ 2,121 Adjustments to reported earnings(1): Pre-tax loss (income) 335 363 (37 ) 661 Income tax (benefit) (109 ) 9 16 (84 ) 226 372 (21 ) - 577 Operating earnings (non-GAAP) $ 847 $ 712 $ 1,139 $ - $ 2,698 Common shares outstanding (average, diluted) 880.1 882.1 882.1 881.4 Reported earnings per share(2) $ 0.69 $ 0.37 $ 1.30 $ 2.37 Adjustments to reported earnings per share(2) 0.26 0.42 (0.02 ) 0.65 Operating earnings (non-GAAP) per share(2) $ 0.95 $ 0.79 $ 1.28 $ - $ 3.02 (1) Adjustments to reported earnings are reflected in the following table: 1Q26 2Q26 3Q26 4Q26 YTD 2026 Pre-tax loss (income): Net loss (gain) on NDT funds $ 154 $ (495 ) $ (97 ) $ (438 ) Mark-to-market impact of economic hedging activities 40 69 14 123 Merger related costs - 13 26 39 Discontinued operations 1 1 2 4 DEV severe weather impacts 120 (4 ) 3 119 Regulated asset retirements and other charges (benefits) (58 ) 153 - 95 Nonregulated asset impairments and other charges (benefits) 78 626 15 719 $ 335 $ 363 $ (37 ) $ - $ 661 Income tax expense (benefit): Tax effect of above adjustments to reported earnings(3) (109 ) 9 16 (84 ) $ (109 ) $ 9 $ 16 $ - $ (84 ) (2) The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. During each quarter of 2026, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information. (3) Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, calculation of such amounts may be adjusted in connection with the calculation of the Company’s year-to-date income tax provision based on its estimated annual effective tax rate. (4) YTD EPS may not equal sum of quarters due to share count differences.
Slide 9 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 9 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Schedule 3 - Reconciliation of 2025 Reported Earnings to Operating Earnings 2025 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. (millions, except per share amounts) 1Q25 2Q25 3Q25 4Q25 YTD 2025(4) Reported earnings $ 665 $ 760 $ 1,006 $ 567 $ 2,998 Adjustments to reported earnings(1): Pre-tax loss (income) 217 (217 ) (146 ) 34 (112 ) Income tax (benefit) (79 ) 106 61 (8 ) 80 138 (111 ) (85 ) 26 (32 ) Operating earnings (non-GAAP) $ 803 $ 649 $ 921 $ 593 $ 2,966 Common shares outstanding (average, diluted) 852.2 853.2 855.4 860.4 855.3 Reported earnings per share(2) $ 0.77 $ 0.88 $ 1.16 $ 0.65 $ 3.45 Adjustments to reported earnings per share(2) 0.16 (0.13 ) (0.10 ) 0.03 (0.03 ) Operating earnings (non-GAAP) per share(2) $ 0.93 $ 0.75 $ 1.06 $ 0.68 $ 3.42 (1) Adjustments to reported earnings are reflected in the following table: 1Q25 2Q25 3Q25 4Q25 YTD 2025 Pre-tax loss (income): Net loss (gain) on NDT funds $ 133 $ (289 ) $ (259 ) $ (92 ) $ (507 ) Mark-to-market of pension and OPEB plans - - - (131 ) (131 ) Mark-to-market impact of economic hedging activities (22 ) 21 47 107 153 Discontinued operations 1 2 2 4 9 DEV severe weather impacts 82 24 - - 106 Regulated asset retirements and other charges 23 25 64 146 258 $ 217 $ (217 ) $ (146 ) $ 34 $ (112 ) Income tax expense (benefit): Tax effect of above adjustments to reported earnings(3) (79 ) 106 61 (8 ) 80 $ (79 ) $ 106 $ 61 $ (8 ) $ 80 (2) The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. During each quarter of 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information. (3) Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, calculation of such amounts may be adjusted in connection with the calculation of the Company’s year-to-date income tax provision based on its estimated annual effective tax rate. (4) YTD EPS may not equal sum of quarters due to share count differences. Amounts for Q1 2025 reflect an immaterial revision related to income taxes on Dominion Energy’s nuclear decommissioning trusts. See 1st quarter Form 10-Q for more information.
Slide 10 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 10 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Schedule 4 - Reconciliation of 3Q26 Earnings to 3Q25 Preliminary, Unaudited Three Months Ended Nine Months Ended September 30, September 30, 2026 vs. 2025 2026 vs. 2025 (millions, except per share amounts) Increase / (Decrease) Increase / (Decrease) Reconciling Items Amount EPS Amount EPS Change in reported earnings (GAAP) $ 154 $ 0.14 $ (310 ) $ (0.44 ) Change in Pre-tax loss (income)(1) 109 0.13 807 0.92 Change in Income tax(1) (45 ) (0.05 ) (172 ) (0.20 ) Adjustments to reported earnings $ 64 $ 0.08 $ 635 $ 0.72 Change in consolidated operating earnings (non-GAAP) $ 218 $ 0.22 $ 325 $ 0.28 Dominion Energy Virginia Weather $ 55 $ 0.06 $ 84 $ 0.10 Customer usage and other factors 19 0.02 44 0.05 2025 Biennial Review impacts(2) 137 0.16 347 0.41 Rider equity return 112 0.13 275 0.32 Electric capacity expense (48 ) (0.06 ) (124 ) (0.15 ) Storm damage and service restoration (16 ) (0.02 ) (30 ) (0.04 ) Planned outage costs (6 ) (0.01 ) (18 ) (0.02 ) Nuclear production tax credits (17 ) (0.02 ) (48 ) (0.06 ) Depreciation and amortization (16 ) (0.02 ) (36 ) (0.04 ) Salaries, wages, and benefits & administrative costs (33 ) (0.04 ) (81 ) (0.09 ) Interest expense, net (12 ) (0.01 ) (5 ) (0.01 ) Other 8 0.03 5 0.02 Share dilution - (0.03 ) - (0.08 ) Change in contribution to operating earnings $ 183 $ 0.19 $ 413 $ 0.41 Dominion Energy South Carolina Weather $ 36 $ 0.04 $ 31 $ 0.04 Customer usage and other factors 19 0.02 42 0.05 Customer-elected rate impacts 1 - (1 ) - Base & RSA rate case impacts 46 0.05 59 0.07 Capital cost rider (1 ) - (5 ) (0.01 ) Depreciation and amortization (16 ) (0.02 ) (29 ) (0.03 ) Salaries, wages, and benefits & administrative costs (3 ) - (3 ) - Interest expense, net (7 ) (0.01 ) (11 ) (0.01 ) Other (13 ) (0.01 ) (51 ) (0.07 ) Share dilution - (0.01 ) - (0.02 ) Change in contribution to operating earnings $ 62 $ 0.06 $ 32 $ 0.02 Contracted Energy Margin $ 22 $ 0.03 $ 100 $ 0.12 Planned Millstone outages(3) 3 - 7 0.01 Unplanned Millstone outages(3) (2 ) - (5 ) (0.01 ) Depreciation and amortization (7 ) (0.01 ) (39 ) (0.05 ) Salaries, wages, and benefits & administrative costs (3 ) - (11 ) (0.01 ) Interest expense, net (10 ) (0.01 ) (41 ) (0.05 ) Renewable energy investment tax credits (43 ) (0.05 ) (33 ) (0.04 ) Renewable energy production tax credits(4) 36 0.04 57 0.07 Other (27 ) (0.04 ) (72 ) (0.09 ) Share dilution - - - (0.01 ) Change in contribution to operating earnings $ (31 ) $ (0.04 ) $ (37 ) $ (0.06 ) Corporate and Other Interest expense, net $ (19 ) $ (0.02 ) $ (115 ) $ (0.14 ) Equity method investments 2 - 7 0.01 Pension and other postretirement benefit plans 4 - 15 0.02 Corporate service company costs (2 ) - (4 ) - Other 19 0.03 14 0.01 Share dilution - - - 0.01 Change in contribution to operating earnings $ 4 $ 0.01 $ (83 ) $ (0.09 ) Change in consolidated operating earnings (non-GAAP) $ 218 $ 0.22 $ 325 $ 0.28 Change in adjustments included in reported earnings(1) $ (64 ) $ (0.08 ) $ (635 ) $ (0.72 ) Change in consolidated reported earnings $ 154 $ 0.14 $ (310 ) $ (0.44 ) (1) Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings. Refer to Schedules 2 and 3 for details, or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at investors.dominionenergy.com. (2) Includes the impacts of non-jurisdictional customers. (3) Includes earnings impact from outage costs and lower energy margins. (4) Includes an increase from renewable natural gas facilities of $37 million and $57 million for the quarter and year-to-date periods, respectively. NOTE: Figures may not sum due to rounding.
Slide 11 — Financials
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 11 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Financials Consolidated Financial Statements (GAAP) Dominion Energy, Inc. Consolidated Balance Sheets * Unaudited & Summarized (GAAP Based) (millions) September 30, 2026 December 31, 2025(1) Assets Current assets Cash and cash equivalents $ 435 $ 250 Customer receivables (less allowance for doubtful accounts of $35 and $31) 3,094 2,531 Tax receivables 479 434 Other receivables (less allowance for doubtful accounts of $3 and $3) 275 446 Inventories 2,030 1,957 Regulatory assets 2,035 1,380 Other 1,138 1,073 Current assets held for sale 264 - Total current assets 9,750 8,071 Investments Nuclear decommissioning trust funds 10,093 9,166 Investment in equity method affiliates 123 132 Other 397 378 Total investments 10,613 9,676 Property, Plant and Equipment Property, plant and equipment 112,427 106,315 Accumulated depreciation and amortization (28,692 ) (27,348 ) Total property, plant and equipment, net 83,735 78,967 Deferred Charges and Other Assets Goodwill 4,143 4,143 Regulatory assets 8,531 8,276 Other 8,012 6,724 Total deferred charges and other assets 20,686 19,143 Total assets $ 124,784 $ 115,857 (1) Dominion Energy's Consolidated balance Sheet at December 31, 2025 has been derived from the audited Consolidated Financial Statements at that date. * The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.
Slide 12 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 12 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Dominion Energy, Inc. Consolidated Balance Sheets * Unaudited & Summarized (GAAP Based) (millions) September 30, 2026 December 31, 2025(1) Liabilities and Equity Current Liabilities Securities due within one year $ 2,399 $ 2,409 Supplemental credit facility borrowings - - Short-term debt 3,308 2,457 Accounts payable 1,266 1,338 Accrued interest, payroll and taxes 1,347 1,244 Regulatory liabilities 469 542 Other 2,215 2,454 Current liabilities held for sale 132 - Total current liabilities 11,136 10,444 Long-Term Debt Long-term debt 40,267 36,778 Securitization bonds 794 883 Junior subordinated notes 7,461 5,978 Supplemental credit facility borrowings - - Other 417 436 Total long-term debt 48,939 44,075 Deferred Credits and Other Liabilities Deferred income taxes 8,469 7,885 Deferred investment tax credits 1,471 1,591 Regulatory liabilities 9,977 9,072 Other 10,377 9,373 Total deferred credits and other liabilities 30,294 27,921 Total liabilities 90,369 82,440 Commitments and Contingencies Equity Preferred stock 991 991 Common stock – no par(2) 25,959 25,892 Retained earnings 2,646 2,318 Accumulated other comprehensive loss (42 ) (118 ) Shareholders' equity 29,554 29,083 Noncontrolling interests 4,861 4,334 Total equity 34,415 33,417 Total liabilities and equity $ 124,784 $ 115,857 (1) Dominion Energy's Consolidated balance Sheet at December 31, 2025 has been derived from the audited Consolidated Financial Statements at that date. (2) 1.8 billion shares authorized; 880 million and 879 million shares outstanding at September 30, 2026 and December 31, 2025, respectively. * The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.
Slide 13 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 13 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Dominion Energy, Inc. Consolidated Statements of Cash Flows * Unaudited & Summarized (GAAP Based) Nine Months Ended September 30, 2026 2025 (millions) Operating Activities Net income including noncontrolling interests $ 2,388 $ 2,553 Adjustments to reconcile net income including noncontrolling interests to net cash provided by operating activities: Depreciation and amortization (including nuclear fuel) 2,197 2,002 Deferred income taxes 367 455 Deferred investment tax credits (benefits) (43 ) 281 Impairment of assets and other charges (benefits) 873 225 Net (gains) losses on nuclear decommissioning trust funds and other investments (453 ) (442 ) Other adjustments (60 ) (35 ) Changes in: Accounts receivable (372 ) (63 ) Inventories (68 ) (124 ) Deferred fuel and purchased gas costs, net (505 ) (493 ) Prepayments and deposits, net (174 ) (545 ) Accounts payable (7 ) (42 ) Accrued interest, payroll and taxes 104 188 Net realized and unrealized changes related to derivative activities 460 551 Pension and other postretirement benefits (174 ) (205 ) Other operating assets and liabilities 155 68 Net cash provided by operating activities 4,688 4,374 Investing Activities Plant construction and other property additions (including nuclear fuel) (8,576 ) (9,255 ) Acquisition of solar development projects (17 ) (12 ) Proceeds from sales of securities 2,839 2,563 Purchases of securities (2,935 ) (2,670 ) Contributions to equity method affiliates (4 ) (20 ) Other (56 ) (107 ) Net cash used in investing activities (8,749 ) (9,501 ) Financing Activities Issuance (repayment) of short-term debt, net 851 22 364-day term loan facility borrowings 1,250 - Repayment of 364-day term loan facility borrowings (1,250 ) - Issuance and remarketing of long-term debt 6,725 7,647 Repayment and repurchase of long-term debt (1,713 ) (972 ) Repayment of securitization bonds (85 ) (80 ) Supplemental credit facility borrowings 1,000 - Supplemental credit facility repayments (1,000 ) - Proceeds from sale of noncontrolling interest in OSWP - (88 ) Contributions from Stonepeak to OSWP 506 1,141 Distributions from OSWP to Stonepeak (246 ) (167 ) Issuance of common stock 40 105 Common dividend payments (1,761 ) (1,708 ) Other (36 ) (72 ) Net cash provided by financing activities 4,281 5,828 Increase in cash, restricted cash and equivalents 220 701 Cash, restricted cash and equivalents at beginning of period 343 365 Cash, restricted cash and equivalents at end of period $ 563 $ 1,066 Supplemental Cash Flow Information Significant noncash investing and financing activities: Accrued capital expenditures 1,320 891 Leases 366 315 * The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.
Slide 14 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 14 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Segment Earnings Results Dominion Energy Consolidated Reported and Operating Results(1) Three Months Ended Nine Months Ended Unaudited summary September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 5,617 $ 4,527 $ 15,116 $ 12,413 Operating Expenses Electric fuel and other energy-related purchases 1,603 1,337 4,524 3,245 Purchased electric capacity 106 36 255 63 Purchased gas 40 31 236 221 Other operations and maintenance(2) 1,089 980 3,917 2,857 Depreciation and amortization 722 609 1,968 1,771 Other taxes 215 195 653 598 Total operating expenses 3,775 3,188 11,553 8,755 Income (loss) from operations 1,842 1,339 3,563 3,658 Other income (expense) 271 432 952 884 Income (loss) including noncontrolling interests before interest and income taxes 2,113 1,771 4,515 4,542 Interest and related charges 623 527 1,739 1,513 Income (loss) from continuing operations including noncontrolling interests before income taxes 1,490 1,244 2,776 3,029 Income taxes 215 216 385 476 Net Income (loss) from continuing operations including noncontrolling interests 1,275 1,028 2,391 2,553 Net Income (loss) from discontinued operations including noncontrolling interests (1 ) - (3 ) - Noncontrolling interests 114 22 267 122 Reported Earnings (Loss) $ 1,160 $ 1,006 $ 2,121 $ 2,431 Reported Earnings (Loss) Per Share(3) $ 1.30 $ 1.16 $ 2.37 $ 2.81 Adjustments to reported earnings: Pre-tax Loss (Income)(4) (37 ) (146 ) 661 (146 ) Income Tax(4) 16 61 (84 ) 88 (21 ) (85 ) 577 (58 ) Operating Earnings (Loss) (non-GAAP) $ 1,139 $ 921 $ 2,698 $ 2,373 Operating Earnings (Loss) (non-GAAP) Per Share(3) $ 1.28 $ 1.06 $ 3.02 $ 2.74 Average shares outstanding, diluted 882.1 855.4 881.4 853.6 Adjusted EBIT Reconciliation Reported earnings (loss) $ 1,160 $ 1,006 $ 2,121 $ 2,431 Noncontrolling interests 114 22 267 122 Discontinued operations 1 - 3 - Income taxes 215 216 385 476 Interest and related charges 623 527 1,739 1,513 $ 2,113 $ 1,771 $ 4,515 $ 4,542 Adjustments(4) (24 ) (90 ) 766 (74 ) Adjusted EBIT (non-GAAP) $ 2,089 $ 1,681 $ 5,281 $ 4,468 (1) Dominion Energy Consolidated Income Statement reflects the impact of segment eliminations and adjustments. (2) Includes impairment of assets and other charges (benefits). (3) The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued. During each quarter of 2026 and 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information. (4) For additional details on adjustments to reported earnings and to EBIT, see the GAAP reconciliation schedules beginning on page 19.
Slide 15 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 15 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Dominion Energy Virginia Reported and Operating Results Three Months Ended Nine Months Ended Unaudited summary September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 4,218 $ 3,311 $ 11,404 $ 8,817 Operating Expenses Electric fuel and other energy-related purchases 1,296 1,071 3,732 2,569 Purchased electric capacity 103 32 246 56 Purchased gas - - - - Other operations and maintenance 744 581 2,001 1,671 Depreciation and amortization 509 415 1,347 1,208 Other taxes 104 92 309 281 Total operating expenses 2,756 2,191 7,635 5,785 Income (loss) from operations 1,462 1,120 3,769 3,032 Other income (expense) 58 50 158 136 Income (loss) including noncontrolling interests before interest and income taxes 1,520 1,170 3,927 3,168 Interest and related charges 312 236 832 733 Income (loss) from continuing operations including noncontrolling interests before income taxes 1,208 934 3,095 2,435 Income taxes 232 169 562 412 Net Income (loss) from continuing operations including noncontrolling interests 976 765 2,533 2,023 Net Income (loss) from discontinued operations including noncontrolling interests - - - - Noncontrolling interests 114 86 331 234 Reported and Operating Earnings (Loss) Contribution $ 862 $ 679 $ 2,202 $ 1,789 Reported and Operating Earnings (Loss) Per Share Contribution $ 0.98 $ 0.79 $ 2.51 $ 2.10 Average shares outstanding, basic 879.5 853.5 879.3 852.8 Adjusted EBIT Reconciliation Reported earnings (loss) $ 862 $ 679 $ 2,202 $ 1,789 Noncontrolling interests 114 86 331 234 Discontinued operations - - - - Income taxes 232 169 562 412 Interest and related charges 312 236 832 733 Adjusted EBIT (non-GAAP) $ 1,520 $ 1,170 $ 3,927 $ 3,168
Slide 16 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 16 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Dominion Energy South Carolina Reported and Operating Results Three Months Ended Nine Months Ended Unaudited summary September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 1,114 $ 945 $ 2,984 $ 2,732 Operating Expenses Electric fuel and other energy-related purchases 277 239 700 605 Purchased electric capacity 5 5 12 9 Purchased gas 35 30 223 220 Other operations and maintenance 183 168 530 516 Depreciation and amortization 163 141 465 423 Other taxes 83 77 251 231 Total operating expenses 746 660 2,181 2,004 Income (loss) from operations 368 285 803 728 Other income (expense) 3 5 8 11 Income (loss) including noncontrolling interests before interest and income taxes 371 290 811 739 Interest and related charges 76 69 221 210 Income (loss) from continuing operations including noncontrolling interests before income taxes 295 221 590 529 Income taxes 65 53 129 100 Net Income (loss) from continuing operations including noncontrolling interests 230 168 461 429 Net Income (loss) from discontinued operations including noncontrolling interests - - - - Noncontrolling interests - - - - Reported and Operating Earnings (Loss) Contribution $ 230 $ 168 $ 461 $ 429 Reported and Operating Earnings (Loss) Per Share Contribution $ 0.26 $ 0.20 $ 0.52 $ 0.50 Average shares outstanding, basic 879.5 853.5 879.3 852.8 Adjusted EBIT Reconciliation Reported earnings (loss) $ 230 $ 168 $ 461 $ 429 Noncontrolling interests - - - - Discontinued operations - - - - Income taxes 65 53 129 100 Interest and related charges 76 69 221 210 Adjusted EBIT (non-GAAP) $ 371 $ 290 $ 811 $ 739
Slide 17 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 17 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Contracted Energy Reported and Operating Results Three Months Ended Nine Months Ended Unaudited summary September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 337 $ 297 $ 1,022 $ 849 Operating Expenses Electric fuel and other energy-related purchases 34 31 96 81 Purchased electric capacity - - - - Purchased gas 5 1 13 1 Other operations and maintenance 153 103 515 378 Depreciation and amortization 40 30 128 74 Other taxes 16 15 49 45 Total operating expenses 248 180 801 579 Income (loss) from operations 89 117 221 270 Other income (expense) 28 30 84 89 Income (loss) including noncontrolling interests before interest and income taxes 117 147 305 359 Interest and related charges 24 15 76 31 Income (loss) from continuing operations including noncontrolling interests before income taxes 93 132 229 328 Income taxes (41 ) (33 ) (55 ) 7 Net Income (loss) from continuing operations including noncontrolling interests 134 165 284 321 Net Income (loss) from discontinued operations including noncontrolling interests - - - - Noncontrolling interests - - - - Reported and Operating Earnings (Loss) Contribution $ 134 $ 165 $ 284 $ 321 Reported and Operating Earnings (Loss) Per Share Contribution $ 0.15 $ 0.19 $ 0.32 $ 0.38 Average shares outstanding, basic 879.5 853.5 879.3 852.8 Adjusted EBIT Reconciliation Reported earnings (loss) $ 134 $ 165 $ 284 $ 321 Noncontrolling interests - - - - Discontinued operations - - - - Income taxes (41 ) (33 ) (55 ) 7 Interest and related charges 24 15 76 31 Adjusted EBIT (non-GAAP) $ 117 $ 147 $ 305 $ 359
Slide 18 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 18 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Corporate & Other Reported and Operating Results Three Months Ended Nine Months Ended Unaudited summary September 30, September 30, (millions, except per share amounts) 2026 2025 2026 2025 Operating Revenue $ 335 $ 281 $ 892 $ 938 Operating Expenses Electric fuel and other energy-related purchases - - 7 - Purchased electric capacity - - - - Purchased gas - - - - Other operations and maintenance(1) 374 428 1,972 1,195 Depreciation and amortization 22 23 64 66 Other taxes 15 13 54 49 Total operating expenses 411 464 2,097 1,310 Income (loss) from operations (76 ) (183 ) (1,205 ) (372 ) Other income (expense) 229 390 830 803 Income (loss) including noncontrolling interests before interest and income taxes 153 207 (375 ) 431 Interest and related charges 259 250 763 694 Income (loss) from continuing operations including noncontrolling interests before income taxes (106 ) (43 ) (1,138 ) (263 ) Income taxes (41 ) 27 (251 ) (43 ) Net Income (loss) from continuing operations including noncontrolling interests (65 ) (70 ) (887 ) (220 ) Net Income (loss) from discontinued operations including noncontrolling interests (1 ) - (3 ) - Noncontrolling interests - (64 ) (64 ) (112 ) Reported Earnings (Loss) Contribution $ (66 ) $ (6 ) $ (826 ) $ (108 ) Reported Earnings (Loss) Per Share Contribution(2) $ (0.09 ) $ (0.02 ) $ (0.98 ) $ (0.17 ) Adjustments to reported earnings: Pre-tax Loss (Income)(3) (37 ) (146 ) 661 (146 ) Income Tax(3) 16 61 (84 ) 88 (21 ) (85 ) 577 (58 ) Operating Earnings (Loss) (non-GAAP) Contribution $ (87 ) $ (91 ) $ (249 ) $ (166 ) Operating Earnings (Loss) (non-GAAP) Per Share Contribution(2) $ (0.11 ) $ (0.12 ) $ (0.33 ) $ (0.24 ) Average shares outstanding, diluted 882.1 855.4 881.4 853.6 Adjusted EBIT Reconciliation Reported earnings (loss) $ (66 ) $ (6 ) $ (826 ) $ (108 ) Noncontrolling interests - (64 ) (64 ) (112 ) Discontinued operations 1 - 3 - Income taxes (41 ) 27 (251 ) (43 ) Interest and related charges 259 250 763 694 $ 153 $ 207 $ (375 ) $ 431 Adjustments(3) (24 ) (90 ) 766 (74 ) Adjusted EBIT (non-GAAP) $ 129 $ 117 $ 391 $ 357 (1) Includes impairment of assets and other charges (benefits). (2) The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. During each quarter of 2026 and 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information. (3) For additional details on adjustments to reported earnings and to EBIT, see the GAAP reconciliation schedules beginning on page 19.
Slide 19 — GAAP Reconciliations and Other Information
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 19 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. GAAP Reconciliations and Other Information Reconciliation of 2026 Consolidated Reported Earnings to Operating Earnings(1) Three Months Ended Nine Months Ended Unaudited September 30, 2026 September 30, 2026 (millions, except per share amounts) Reported Adjustments Operating (non-GAAP) Reported Adjustments Operating (non-GAAP) Operating Revenue $ 5,617 $ 30 (a) $ 5,647 $ 15,116 $ 245 (a),(b),(c) $ 15,361 Operating Expenses Electric fuel and other energy-related purchases 1,603 - 1,603 4,524 (7 ) (b) 4,517 Purchased electric capacity 106 - 106 255 - 255 Purchased gas 40 - 40 236 - 236 Other operations and maintenance 1,089 (44 ) (b),(d),(h) 1,045 3,917 (952 ) (b),(c),(d),(h) 2,965 Depreciation and amortization 722 - 722 1,968 - 1,968 Other taxes 215 - 215 653 - 653 Total operating expenses 3,775 (44 ) 3,731 11,553 (959 ) 10,594 Income (loss) from operations 1,842 74 1,916 3,563 1,204 4,767 Other income (expense) 271 (98 ) (e) 173 952 (438 ) (c),(e),(h) 514 Income (loss) including noncontrolling interests before interest and income taxes 2,113 (24 ) 2,089 4,515 766 5,281 Interest and related charges 623 15 (a),(e) 638 1,739 45 (a),(e) 1,784 Income (loss) from continuing operations including noncontrolling interests before income taxes 1,490 (39 ) 1,451 2,776 721 3,497 Income taxes 215 (17 ) (f) 198 385 83 (f) 468 Net Income (loss) from continuing operations including noncontrolling interests 1,275 (22 ) 1,253 2,391 638 3,029 Net Income (loss) from discontinued operations including noncontrolling interests (1 ) 1 (g) - (3 ) 3 (g) - Noncontrolling interests 114 - 114 267 64 (c) 331 Earnings (Loss) $ 1,160 $ (21 ) $ 1,139 $ 2,121 $ 577 $ 2,698 Earnings (Loss) Per Share, Diluted(2) $ 1.30 $ (0.02 ) $ 1.28 $ 2.37 $ 0.65 $ 3.02 Average shares outstanding, diluted 882.1 882.1 881.4 881.4 Adjustments to Reported Earnings: (a) Mark-to-market impact of economic hedging activities. (b) DEV severe weather impacts. (c) Regulated asset retirements and other (charges) benefits. (d) Nonregulated asset impairments and other (charges) benefits. (e) Net loss (gain) on investment in nuclear decommissioning trust funds. (f) Income tax provisions associated with adjustments to reported earnings. (g) Items related to discontinued operations. (h) Merger related costs. (1) See Schedule 2 for additional information. (2) During each quarter of 2026, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Form 10-Q for more information.
Slide 20 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 20 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Reconciliation of 2025 Consolidated Reported Earnings to Operating Earnings(1) Three Months Ended Nine Months Ended Unaudited September 30, 2025 September 30, 2025 (millions, except per share amounts) Reported Adjustments Operating (non-GAAP) Reported Adjustments Operating (non-GAAP) Operating Revenue $ 4,527 $ 42 (a) $ 4,569 $ 12,413 $ 45 (a),(b) $ 12,458 Operating Expenses Electric fuel and other energy-related purchases 1,337 - 1,337 3,245 - 3,245 Purchased electric capacity 36 - 36 63 - 63 Purchased gas 31 - 31 221 - 221 Other operations and maintenance 980 (129 ) (c) 851 2,857 (302 ) (b),(c) 2,555 Depreciation and amortization 609 - 609 1,771 2 (a) 1,773 Other taxes 195 - 195 598 - 598 Total operating expenses 3,188 (129 ) 3,059 8,755 (300 ) 8,455 Income (loss) from operations 1,339 171 1,510 3,658 345 4,003 Other income (expense) 432 (261 ) (d) 171 884 (419 ) (d) 465 Income (loss) including noncontrolling interests before interest and income taxes 1,771 (90 ) 1,681 4,542 (74 ) 4,468 Interest and related charges 527 (6 ) (a), (d) 521 1,513 (35 ) (a), (d) 1,478 Income (loss) from continuing operations including noncontrolling interests before income taxes 1,244 (84 ) 1,160 3,029 (39 ) 2,990 Income taxes 216 (63 ) (e) 153 476 (93 ) (e) 383 Net Income (loss) from continuing operations including noncontrolling interests 1,028 (21 ) 1,007 2,553 54 2,607 Net Income (loss) from discontinued operations including noncontrolling interests - - (f) - - - (f) - Noncontrolling interests 22 64 (c) 86 122 112 (c) 234 Earnings (Loss) $ 1,006 $ (85 ) $ 921 $ 2,431 $ (58 ) $ 2,373 Earnings (Loss) Per Share, Diluted(2) $ 1.16 $ (0.10 ) $ 1.06 $ 2.81 $ (0.07 ) $ 2.74 Average shares outstanding, diluted 855.4 855.4 853.6 853.6 Adjustments to Reported Earnings: (a) Mark-to-market impact of economic hedging activities. (b) DEV severe weather impacts. (c) Regulated asset retirements and other (charges) benefits. (d) Net loss (gain) on investment in nuclear decommissioning trust funds. (e) Income tax provisions associated with adjustments to reported earnings. (f) Items related to discontinued operations. (1) See Schedule 3 for additional information. (2) During each quarter of 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Form 10-Q for more information.
Slide 21 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 21 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Reconciliation of 2026 Corporate and Other Reported Earnings to Operating Earnings(1) Three Months Ended Nine Months Ended Unaudited September 30, 2026 September 30, 2026 (millions, except per share amounts) Reported Adjustments Operating (non-GAAP) Reported Adjustments Operating (non-GAAP) Operating Revenue $ 335 $ 30 (a) $ 365 $ 892 $ 245 (a),(b),(c) $ 1,137 Operating Expenses Electric fuel and other energy-related purchases - - - 7 (7 ) (b) - Purchased electric capacity - - - - - - Purchased gas - - - - - - Other operations and maintenance 374 (44 ) (b),(d),(h) 330 1,972 (952 ) (b),(c),(d),(h) 1,020 Depreciation and amortization 22 - 22 64 - 64 Other taxes 15 - 15 54 - 54 Total operating expenses 411 (44 ) 367 2,097 (959 ) 1,138 Income (loss) from operations (76 ) 74 (2 ) (1,205 ) 1,204 (1 ) Other income (expense) 229 (98 ) (e) 131 830 (438 ) (c),(e),(h) 392 Income (loss) including noncontrolling interests before interest and income taxes 153 (24 ) 129 (375 ) 766 391 Interest and related charges 259 15 (a),(e) 274 763 45 (a),(e) 808 Income (loss) from continuing operations including noncontrolling interests before income taxes (106 ) (39 ) (145 ) (1,138 ) 721 (417 ) Income taxes (41 ) (17 ) (f) (58 ) (251 ) 83 (f) (168 ) Net Income (loss) from continuing operations including noncontrolling interests (65 ) (22 ) (87 ) (887 ) 638 (249 ) Net Income (loss) from discontinued operations including noncontrolling interests (1 ) 1 (g) - (3 ) 3 (g) - Noncontrolling interests - - - (64 ) 64 (c) - Earnings (Loss) $ (66 ) $ (21 ) $ (87 ) $ (826 ) $ 577 $ (249 ) Earnings (Loss) Per Share, Diluted(2) $ (0.09 ) $ (0.02 ) $ (0.11 ) $ (0.98 ) $ 0.65 $ (0.33 ) Average shares outstanding, diluted 882.1 882.1 881.4 881.4 Adjustments to Reported Earnings: (a) Mark-to-market impact of economic hedging activities. (b) DEV severe weather impacts. (c) Regulated asset retirements and other (charges) benefits. (d) Nonregulated asset impairments and other (charges) benefits. (e) Net loss (gain) on investment in nuclear decommissioning trust funds. (f) Income tax provisions associated with adjustments to reported earnings. (g) Items related to discontinued operations. (h) Merger related costs. (1) See Schedule 2 for additional information. (2) During each quarter of 2026, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Form 10-Q for more information.
Slide 22 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 22 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Reconciliation of 2025 Corporate and Other Reported Earnings to Operating Earnings(1) Three Months Ended Nine Months Ended Unaudited September 30, 2025 September 30, 2025 (millions, except per share amounts) Reported Adjustments Operating (non-GAAP) Reported Adjustments Operating (non-GAAP) Operating Revenue $ 281 $ 42 (a) $ 323 $ 938 $ 45 (a),(b) $ 983 Operating Expenses Electric fuel and other energy-related purchases - - - - - - Purchased electric capacity - - - - - - Purchased gas - - - - - - Other operations and maintenance 428 (129 ) (c) 299 1,195 (302 ) (b),(c) 893 Depreciation and amortization 23 - 23 66 2 (a) 68 Other taxes 13 - 13 49 - 49 Total operating expenses 464 (129 ) 335 1,310 (300 ) 1,010 Income (loss) from operations (183 ) 171 (12 ) (372 ) 345 (27 ) Other income (expense) 390 (261 ) (d) 129 803 (419 ) (d) 384 Income (loss) including noncontrolling interests before interest and income taxes 207 (90 ) 117 431 (74 ) 357 Interest and related charges 250 (6 ) (a), (d) 244 694 (35 ) (a), (d) 659 Income (loss) from continuing operations including noncontrolling interests before income taxes (43 ) (84 ) (127 ) (263 ) (39 ) (302 ) Income taxes 27 (63 ) (e) (36 ) (43 ) (93 ) (e) (136 ) Net Income (loss) from continuing operations including noncontrolling interests (70 ) (21 ) (91 ) (220 ) 54 (166 ) Net Income (loss) from discontinued operations including noncontrolling interests - - (f) - - - (f) - Noncontrolling interests (64 ) 64 (c) - (112 ) 112 (c) - Earnings (Loss) $ (6 ) $ (85 ) $ (91 ) $ (108 ) $ (58 ) $ (166 ) Earnings (Loss) Per Share, Diluted(2) $ (0.02 ) $ (0.10 ) $ (0.12 ) $ (0.17 ) $ (0.07 ) $ (0.24 ) Average shares outstanding, diluted 855.4 855.4 853.6 853.6 Adjustments to Reported Earnings: (a) Mark-to-market impact of economic hedging activities. (b) DEV severe weather impacts. (c) Regulated asset retirements and other (charges) benefits. (d) Net loss (gain) on investment in nuclear decommissioning trust funds. (e) Income tax provisions associated with adjustments to reported earnings. (f) Items related to discontinued operations. (1) See Schedule 3 for additional information. (2) During each quarter of 2025, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Form 10-Q for more information.
Slide 23 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 23 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. Corporate and Other detailed segment earnings results Presented below are the Corporate and Other segment's after-tax results Three Months Ended Nine Months Ended September 30, September 30, 2026 2025 2026 2025 (millions, except EPS) Specific items attributable to operating segments $ 35 $ 88 $ (572 ) $ 81 Specific items attributable to Corporate and Other segment (14 ) (3 ) (5 ) (23 ) Net income (expense) from specific items 21 85 (577 ) 58 Corporate and other operations: Interest expense, net (166 ) (147 ) (485 ) (370 ) Equity method investments 2 - 2 (5 ) Pension and other postretirement benefit plans 62 58 187 172 Corporate service company costs (16 ) (14 ) (43 ) (39 ) Other 31 12 90 76 Net expense from corporate and other operations (87 ) (91 ) (249 ) (166 ) Total net income (expense) $ (66 ) $ (6 ) $ (826 ) $ (108 ) EPS impact $ (0.09 ) $ (0.02 ) $ (0.98 ) $ (0.17 ) Corporate and Other includes specific items attributable to Dominion Energy’s primary operating segments that are not included in profit measures evaluated by executive management in assessing the segments’ performance or in allocating resources. See Note 20 to the Consolidated Financial Statements in Dominion Energy's quarterly report on Form 10-Q for September 30, 2026 for further discussion. Corporate and Other also includes items attributable to the Corporate and Other segment. For the three months ended September 30, 2026, this primarily included $25 million of after-tax charges for merger-related costs. For the nine months ended September 30, 2026, this primarily included $37 million of after-tax charges for merger-related costs and $36 million after-tax benefit for derivative mark-to-market changes. For the three months ended September 30, 2025, Dominion Energy reported an insignificant amount of specific items in the Corporate and Other segment. For the nine months ended September 30, 2025, this primarily included $23 million after-tax loss for derivative mark-to-market changes.
Slide 24 — D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T
D O M I N I O N E N E R G Y – 3 Q 2 6 E A R N I N G S R E L E A S E K I T October 30, 2026 24 Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements. 2026 Earnings Expectations Earnings Per Share (diluted) Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures 2026 Operating earnings (non-GAAP) (estimate): $3.45 - $3.69 2026 Reported earnings (estimate): See Note 1 below (1) 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 Dominion Energy uses operating earnings (non-GAAP) as the primary performance measurement of its earnings guidance and 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. Dominion Energy’s estimates of earnings 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 anticipated terms and time frames, including the ability to obtain applicable regulatory approvals and any associated terms and conditions of such approvals and any 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.