Dominion Energy Inc. (NYSE:D) reported first-quarter 2026 results on Friday.
GAAP earnings were 69 cents per share, down from 77 cents a year earlier. Operating earnings rose to 95 cents per share and beat estimates of 91 cents.
Differences between GAAP and operating earnings included mark-to-market impacts and a $194 million net market loss.
They also included a $78 million solar impairment charge, a $120 million weather impact, and a $58 million offshore wind-related benefit.
Revenue and Profitability
Operating revenue increased to $5.019 billion from $4.076 billion a year earlier, beating estimates of $4.512 billion, representing growth of about 23%.
Net income was $621 million, compared with $665 million a year earlier, while operating earnings rose to $847 million from $803 million. Income from operations increased to $1.392 billion.
Segment Performance
Dominion Energy Virginia generated …