Recent Updates — D
Dominion Energy, Inc. reported preliminary unaudited second-quarter 2026 results on July 31, 2026. GAAP net income decreased to $340 million ($0.37 per share) from $760 million ($0.88 per share) in the prior year period. Operating earnings (non-GAAP) increased to $712 million ($0.79 per share) compared to $649 million ($0.75 per share) previously. The company reaffirmed its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share, with a midpoint of $3.57 per share. Dominion Energy operates in the regulated electric and natural gas utility industry.
On June 8, 2026, Dominion Energy, Inc. entered into an underwriting agreement to sell $1.5 billion in aggregate principal amount of junior subordinated notes. The offering consists of $1,000,000,000 of 2026 Series A Junior Subordinated Notes and $500,000,000 of 2026 Series B Junior Subordinated Notes, both maturing in 2056. The transaction was led by representatives including Morgan Stanley & Co. LLC, RBC Capital Markets, LLC, U.S. Bancorp Investments, Inc., and Wells Fargo Securities, LLC. Dominion Energy is an energy company that operates electric utilities.
Dominion Energy is incorporating risk disclosures into its registration statements regarding its merger agreement with NextEra Energy, Inc. The proposed transaction would make Dominion Energy a wholly owned subsidiary of NextEra Energy and includes a $2.24 billion termination fee if the board changes its recommendation.
Dominion Energy has entered into a definitive merger agreement with NextEra Energy, which will result in Dominion becoming a wholly owned subsidiary of NextEra. Under the terms of the deal, Dominion shareholders will receive a pro rata share of $360 million in cash and 0.8138 shares of NextEra common stock for each share of Dominion common stock held.
Dominion Energy held its 2026 Annual Meeting on May 5, 2026, resulting in the election of all 11 director nominees and the ratification of Deloitte & Touche LLP as the company's independent auditor. Shareholders also approved executive compensation on an advisory basis, while several shareholder proposals regarding board independence and ESG reporting failed to pass.