Dominion Energy, Inc. · NYSE:D
Dominion Energy — Q1 2026 Earnings Presentation
23 slides from Dominion Energy's earnings presentation, May 1, 2026
Slide 1: Q1 2026 earnings call
Q1 2026 earnings call May 1, 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 and $0.07 of Q1 2026: Actual ($ per share)¹ $0.95 favorable weather impact 2026 guidance midpoint ($ per share) $3.57² No
Slide 4: Dominion Energy Virginia: Data center contracted capacity
Dominion Energy Virginia Data center contracted capacity (updated) ~48.5 GW ~51.0 GW ~2.5GW/5% vs. December 2025 data center contracted capacity Substation Engineering Letter of Authorization (SELOA) SELOA: SELOA: ▪ Detailed engineering plan 27.4 GW 29.5 GW ▪ Costs reimbursed to Dominion Energy Con
Slide 5: Employee safety
Dominion Energy Employee safety OSHA recordable incident rate¹ 78% 1.90 below average 0.94 0.45 0.42 0.42 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 March ³ Average per Bur
Slide 6: Coastal Virginia Offshore Wind (CVOW)
Coastal Virginia Offshore Wind (CVOW) Significant progress reduces project risk: ~75% complete (updated) Tower, nacelle and blade installation 6
Slide 7: Coastal Virginia Offshore Wind: Tracking turbine installation progress
Coastal Virginia Offshore Wind (CVOW) Tracking turbine installation progress Installation status as of April 30, 2026 Turbines installed¹: 9 Base installation: ~2 days per turbine for last 4 turbines (Excludes loadout and transit, weather, maintenance and other) Turbines remaining: 167 Days until en
Slide 8: Coastal Virginia Offshore Wind: Selected updates
Coastal Virginia Offshore Wind (CVOW) Selected updates (updated) ▪ The majority of turbines are expected to be placed in service by the end of 2026 with the remainder in early 2027 Timing prior to the end of June (no change) ▪ Current capital budget: $11.4B including contingency (updated) ▪ Project
Slide 9: CVOW: Robust cost sharing mechanisms protect customers
Coastal Virginia Offshore Wind (CVOW) Robust cost sharing mechanisms protect customers, preserve affordability (no change) ▪ December 2022 comprehensive settlement, approved by State Corporation Commission, provides significant customer protections ✓ 50% of project costs between $10.3B and $11.3B ar
Slide 10: Affordability
Affordability Typical residential electric customer bills (updated) Current rates (cents per kWh)¹ Projected customer bill CAGRs² (4%) (11%) 17.7 4.6% 17.0 3.3% 2.6% 15.7 CAGR CAGR 2026—2040 2025—2045 U.S. average Dominion Energy Dominion Energy CPI: Electricity Dominion Energy Dominion Energy Virgi
Slide 11: Selected business updates
Dominion Energy Selected business updates ✓ Filed electric rate case rebuttal testimony with South Carolina Public Service Commission DESC ▪ Expect new rates effective in July ✓ Filed electric rate case application and testimony with North Carolina Utilities Commission DEV ▪ Expect interim rates eff
Slide 12: Summary
Dominion Energy Summary ✓ Ongoing focus on three top priorities ✓ Consistently achieving our financial commitments ✓ Continued on-time achievement of major construction milestones for the Coastal Virginia Offshore Wind project ✓ Achieving constructive regulatory outcomes that demonstrate our ability
Slide 13: Appendix
Appendix 13
Slide 14: Capital raising activities
Dominion Energy Capital raising activities (updated) 2026 expected fixed income activities¹ ($B) Issuance range Issued YTD (updated) Remaining Dominion Energy Virginia $3.5—$4.5 $2.2 $1.3—$2.3 Dominion Energy South Carolina 0.0—0.5 — 0.0—0.5 DEI hybrid 1.5—2.5 — 1.5—2.5 DEI other fixed income 1.0—2.
Slide 15: Consolidated guidance
Consolidated guidance 2026 operating earnings per share (excluding RNG 45Z) Q2 drivers (YoY) FY 2026 drivers (YoY) (no change) ▲ Regulated investment ▲ Regulated investment ▲ Electric rate cases ▲ Electric rate cases ▲ Charybdis ▲ Sales ▼ Return to normal weather ▲ Charybdis ▼ Financing costs ▲ Othe
Slide 16: Regulated electric sales growth
Regulated electric sales growth DEV and DESC combined LTM¹ Q1 ’26 YoY weather normal sales growth² Regulated electric sales trends % of 32% 48% 9% 11% regulated sales ✓ Robust commercial load growth driven by Data Residential Commercial Industrial Govt/Other Total Centers 8.4% ✓ Attractive customer
Slide 17: Customers
Customers State-regulated utilities Segment summary Q1 2026 State summary Three months ended Average customers March 31 Q1 2026 (M) DE ‘24-’26 CAGR South Carolina 1.3M DE Virginia 1.0% 2.8 32% DE South Carolina 2.2% 1.3 Electric 1.8% 0.8 4.1M State utility Gas 2.9% 0.5 customers Total utility custom
Slide 18: Weather
Weather Degree days Quarter ended 3/31 Three months ended 3/31 2026 2025 Actual 2,031 1,942 Heating Normal 1,910 1,895 Dominion Energy Virginia Actual 18 20 Cooling Electric Normal 6 5 Actual 811 850 Heating Dominion Energy South Normal 723 743 Carolina Actual 3 0 Cooling Normal 1 1 Dominion Energy
Slide 19: Weather: After-tax impacts
Weather After-tax impacts ($M) Q1 Q2 Q3 Q4 2026 YTD Dominion Energy Virginia2 $45 — — — $45 Versus normal¹ Dominion Energy South 13 — — — 13 Carolina3 Total $58 — — — $58 Q1 Q2 Q3 Q4 2026 YTD $32 — — — $32 Versus prior year¹ Dominion Energy Virginia2 Dominion Energy South (1) — — — (1) Carolina3 Tot
Slide 20: Fixed income: Credit ratings
Fixed income Credit ratings as of March 31, 2026 Dominion Energy, Inc. Moody’s S&P Fitch Corporate/Issuer Baa2 BBB+ BBB+ Senior Unsecured Debt Securities Baa2 BBB. BBB+ Junior Subordinated Notes Baa3 BBB- BBB- Preferred Stock Ba1 BBB- BBB- Short-Term/Commercial Paper P-2 A-2 F2 Outlook Negative Stab
Slide 21: Fixed income: Schedule of long-term debt
Fixed income Preliminary and unaudited schedule of long-term debt as of March 31, 2026 ($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% $1,150 $21,635 DE Virginia VEPCO Tax-Exempt F
Slide 22: Fixed income: Schedule of debt maturities
Fixed income Schedule of debt maturities as of March 31, 2026 ($M) Financing Segment Due Date Entity DE Virginia DE SC Con Energy Corp & Other Total 2026 1.45% 2021 Series A Senior Notes 04/15/26 DEI - - - 564 564 2.85% 2016 Series D Senior Notes 08/15/26 DEI - - - 400 400 6.875% Debentures (former
Slide 23: Fixed income: Schedule of debt maturities
Fixed income Schedule of debt maturities as of March 31, 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% 2