Dominion Energy, Inc. · NYSE:D
Dominion Energy — Q2 2026 Earnings Presentation
25 slides from Dominion Energy's earnings presentation, Jul 31, 2026
Slide 1: Q2 2026 earnings call
Q2 2026 earnings call July 31, 2026
Slide 2: Important note for investors
Important note for investors This presentation contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 regarding Dominion Energy. The statements relate to, among other things, expectations, estimates and projections concerning the busine
Slide 3: Financial results and guidance
Dominion Energy Financial results and guidance Operating earnings per share (non-GAAP) and long-term financial guidance Metric Amount Commentary Reflects $0.03 of RNG 45Z income; normal Q2 2026: Actual ($ per share)¹ $0.79 weather 2026 guidance midpoint ($ per share) $3.57² No change 2026 guidance (
Slide 4: Capital raising activities (updated)
Dominion Energy Capital raising activities (updated) 2026 expected fixed income activities¹ ($B) Issuance range Issued YTD (updated) Remaining Dominion Energy Virginia $3.5—$4.5 $2.2 $1.3—$2.3 Dominion Energy South Carolina 0.0—0.5 — 0.0—0.5 DEI hybrid 1.5—2.5 1.5 0.0—1.0 DEI other fixed income 1.0—
Slide 5: Data center contracted capacity (updated)
Dominion Energy Virginia Data center contracted capacity (updated) ~48.5 GW ~51.0 GW ~53.8 GW ~5.3GW/11% vs. December 2025 data center contracted capacity SELOA: Substation Engineering Letter of Authorization (SELOA) 32.4 GW SELOA: SELOA: ▪ Detailed engineering plan 27.4 GW 29.5 GW ▪ Costs reimburs
Slide 6: Employee safety
Dominion Energy Employee safety OSHA recordable incident rate¹ 81% better 1.90 than average 0.94 0.45 0.42 0.36 0.26 2006-2022 average 2023 2024 2025 2026 YTD² Industry average³ ¹ Number of recordables per 100 employees each work year; data is pro forma for SCANA ² 2026 YTD through June ³ Average pe
Slide 7: NextEra Energy-Dominion Energy combination
NextEra Energy-Dominion Energy combination Subject to approvals, merger expected to close in second half of 2027 Approval timeline Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027 Q3 2027 Q4 2027 Transaction Federal regulatory applications / regulatory approval process¹: Announcement FERC, NRC, HSR State reg
Slide 8: Coastal Virginia Offshore Wind: ~81% complete
Coastal Virginia Offshore Wind (CVOW) Significant progress reduces project risk: ~81% complete (updated) Execution progress, operational achievements, and proven performance continue to reinforce confidence in successful project completion ✓ 100% of nacelles, ~99% of towers and 85% of blades have no
Slide 9: Tracking turbine installation progress
Coastal Virginia Offshore Wind (CVOW) Tracking turbine installation progress Installation status as of July 31, 2026 Turbines installed: 31 completed with installation of 32nd in progress Base installation (no change): ~2 days per turbine last 26 turbines (Excludes loadout and transit, weather, main
Slide 10: CVOW project costs (updated)
Coastal Virginia Offshore Wind (CVOW) Project costs (updated) Current capital budget: $11.65B including contingency ($M) Unused contingency ~2.2% ~(0.4%) $11.65B $123 $228 $288 $11.4B $11.4B ($502) $123 $123 $234 Q1'26 budget (+) tariffs¹ (-) PJM network (+) miscellaneous² Net budget (+) schedule Q2
Slide 11: CVOW selected updates (updated)
Coastal Virginia Offshore Wind (CVOW) Selected updates (updated) ▪ Current capital budget: $11.65B including contingency (updated) ▪ Project-to-date investment (as of 6/30/2026): ~$9.8B ▪ Remaining project costs: ~$1.9B ▪ % to be funded by Stonepeak via non-controlling equity financing: 48%¹ ▪ Repre
Slide 12: Selected business updates
Dominion Energy Selected business updates ✓ Received unanimous approval of electric rate case settlement from SC Public Service Commission DESC ▪ New rates effective at beginning of July ▪ Fourth consecutive South Carolina base rate case resolved through settlement ✓ Submitted bid in CT Department o
Slide 13: Summary
Dominion Energy Summary ✓ Ongoing focus on three top priorities ✓ Consistently achieving our financial commitments ✓ Continued achievement of major construction milestones for the Coastal Virginia Offshore Wind project ✓ Achieving constructive regulatory outcomes that demonstrate our ability to work
Slide 14: Appendix
Appendix 14
Slide 15: Consolidated guidance
Consolidated guidance 2026 operating earnings per share (excluding RNG 45Z) Q3 drivers (YoY) Q4 drivers (YoY) ▲ Regulated investment ▲ Regulated investment ▲ Electric rate cases ▲ Electric rate cases ▲ Sales ▲ Sales ▲ Charybdis ▲ Charybdis ▲ Return to normal weather ▼ Return to normal weather ▼ Fina
Slide 16: Regulated electric sales growth
Regulated electric sales growth DEV and DESC combined LTM¹ Q2 ’26 YoY weather normal sales growth² Regulated electric sales trends % of 32% 48% 9% 11% regulated sales ✓ Robust commercial load growth driven by Data Residential Commercial Industrial Govt/Other Total Centers 8.5% ✓ Attractive customer
Slide 17: Customers
Customers State-regulated utilities Segment summary Q2 2026 State summary Three months ended Average customers June 30 Q2 2026 (M) DE ‘24-’26 CAGR South Carolina 1.3M DE Virginia 0.9% 2.8 32% DE South Carolina 2.0% 1.3 Electric 1.5% 0.8 4.1M State utility Gas 2.8% 0.5 customers Total utility custome
Slide 18: Weather: degree days
Weather Degree days Quarter ended 6/30 Six months ended 6/30 2026 2025 2026 2025 Actual 238 176 2,269 2,118 Heating Normal 255 248 2,165 2,143 Dominion Energy Virginia Actual 594 612 612 632 Cooling Electric Normal 564 570 570 575 Actual 10 10 821 853 Heating Dominion Energy South Normal 24 24 747 7
Slide 19: Weather: versus normal
Weather After-tax impacts ($M) Q1 Q2 Q3 Q4 2026 YTD Dominion Energy Virginia2 $45 $0 — — $45 Versus normal¹ Dominion Energy South 13 2 — — 15 Carolina3 Total $58 $2 — — $60 Q1 Q2 Q3 Q4 2026 YTD $32 ($3) — — $29 Versus prior year¹ Dominion Energy Virginia2 Dominion Energy South (1) (4) — — (5) Caroli
Slide 20: Fixed income: credit ratings
Fixed income Credit ratings as of June 30, 2026 (updated) Dominion Energy, Inc. Moody’s S&P Fitch Corporate/Issuer Baa2 BBB+ BBB+ Senior Unsecured Debt Securities Baa2 BBB. BBB+ Junior Subordinated Notes Baa3 BBB- BBB- Preferred Stock Ba1 BBB- BBB- Short-Term/Commercial Paper P-2 A-2 F2 Outlook Posi
Slide 21: Schedule of long-term debt
Fixed income Preliminary and unaudited schedule of long-term debt as of June 30, 2026 ($M) Segment Financing Entity Description Maturity Weighted Avg. Coupon Current portion Long-term DE Virginia VEPCO Unsecured Senior Notes, fixed rates 2026-2056 4.64% $1,750 $21,035 DE Virginia VEPCO Tax-Exempt Fi
Slide 22: Schedule of debt maturities
Fixed income Schedule of debt maturities as of June 30, 2026 ($M) Financing Segment Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2026 Sustainability Credit Facility (variable)¹ 07/15/26 DEI - - - 200 200 364-Day Term Loan (variable)² 07/29/26 DEI - - - 300 300 2.85% 2016 Series D
Slide 23: Schedule of debt maturities
Fixed income Schedule of debt maturities as of June 30, 2026 ($M) Financing Segment Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2028 4.00% 2013 Series SC JEDA Industrial Revenue Bonds 02/01/28 DESC - 39 - - 39 3.80% 2018 Series A Senior Notes 04/01/28 VEPCO 700 - - - 700 4.60% 20
Slide 24: Important note for investors: Forward-Looking Statements
Important note for investors Forward-Looking Statements This communication includes “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact included or incorporated
Slide 25: Important note for investors: No Offer or Solicitation
Important note for investors No Offer or Solicitation This communication is not intended to and shall not constitute an offer to buy or sell or the solicitation of an offer to buy or sell any securities, or a solicitation of any vote or approval, nor shall there be any sale, issuance or transfer of