Dominion Energy, Inc. (D) 10-Year Financial Performance & Capital Metrics

D • • Utilities

UtilitiesElectric UtilitiesMulti-Utility CompaniesDual Electric & Gas Utilities

AboutDominion Energy, Inc. produces and distributes energy in the United States. The company operates through four segments: Dominion Energy Virginia, Gas Distribution, Dominion Energy South Carolina, and Contracted Assets. The Dominion Energy Virginia segment generates, transmits, and distributes regulated electricity to approximately 2.7 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Gas Distribution segment is involved in the regulated natural gas sales, transportation, gathering, storage, and distribution operations in Ohio, West Virginia, North Carolina, Utah, southwestern Wyoming, and southeastern Idaho that serve approximately 3.1 million residential, commercial and industrial customers. It also has nonregulated renewable natural gas facilities in operation. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 772,000 customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 419,000 residential, commercial, and industrial customers in South Carolina. The Contracted Assets segment is involved in the nonregulated long-term contracted renewable electric generation and solar generation facility development operations; and gas transportation, LNG import, and storage operations, as well as in the liquefaction facility. As of December 31, 2021, the company's portfolio of assets included approximately 30.2 gigawatt of electric generating capacity; 10,700 miles of electric transmission lines; 78,000 miles of electric distribution lines; and 95,700 miles of gas distribution mains and related service facilities. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.Show more

Revenue $14.46B +0.5%
EBITDA $5.89B -10.0%
Net Income $2.12B +6.5%
Free Cash Flow -$7.41B -102.3%
EBITDA Margin 40.71% -10.4%
Net Margin 14.69% +6.0%
ROE 7.36% +1.8%
Interest Coverage 1.72 -15.6%
Debt/Equity 1.38 -14.0%
Net Debt/EBITDA 7.04 +4.5%
CapEx / Revenue 85.95% +20.9%
CapEx Coverage 0.40 -37.1%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 4.5%

✗Weaknesses

✗High leverage: 7.1x Debt/EBITDA
✗Dividend payout exceeds 100% of earnings

Price & Volume

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Growth Metrics

Revenue CAGR

10Y1.52%

5Y0.08%

3Y8.19%

TTM8.36%

Profit (Net Income) CAGR

10Y4.95%

5Y9.36%

3Y-14.51%

TTM6.09%

EPS CAGR

10Y0.86%

5Y8.01%

3Y-15.05%

TTM17%

ROCE

10Y Avg3.93%

5Y Avg2.73%

3Y Avg3.04%

Latest3.65%

Peer Comparison

Dual Electric & Gas Utilities

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
AQNBAlgonquin Power & Utilities Cor		25.58	170.53	-14.03%	-57.66%	-26.75%		1.09
ESEversource Energy	25.66B	68.40	30.13	-0.08%	10.22%	8.3%		1.92
PPLPPL Corporation	25.88B	34.98	29.15	1.8%	12.16%	7.58%		1.19
LNTAlliant Energy Corporation	17.01B	66.17	24.60	-1.14%	19.13%	11.19%		1.49
DDominion Energy, Inc.	50.4B	59.02	24.19	0.46%	14.77%	7.36%		1.38
PEGPublic Service Enterprise Group Incorporated	39.3B	78.73	22.24	-8.43%	17.77%	12.24%		1.42
WECWEC Energy Group, Inc.	34.47B	105.96	21.94	-3.3%	17.76%	12.1%	1.25%	1.59
XELXcel Energy Inc.	44.33B	74.94	21.78	-5.38%	11.01%	9.04%		1.55

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Revenue+	11.68B	11.74B	12.59B	11.2B	14.4B	14.17B	11.42B	13.94B	14.39B	14.46B
Revenue Growth %	-0.06%	0%	0.07%	-0.11%	0.29%	-0.02%	-0.19%	0.22%	0.03%	0%
Cost of Revenue	6.2B	6.17B	6.21B	6.2B	8.32B	6.87B	6.01B	7.56B	7.43B	7.54B
Gross Profit+	5.48B	5.57B	6.38B	5B	6.08B	7.3B	5.41B	6.38B	6.96B	6.92B
Gross Margin %	-	-	-	-	-	-	-	-	-	-
Gross Profit Growth %	0.2%	0.02%	0.15%	-0.22%	0.22%	0.2%	-0.26%	0.18%	0.09%	-0.01%
Operating Expenses+	1.95B	2.12B	2.44B	1.99B	4.53B	5.25B	3.42B	4.94B	3.54B	3.67B
Other Operating Expenses	-	-	-	-	-	-	-	-	-	-
EBITDA+	5.21B	5.3B	6.14B	5.29B	4.52B	4.89B	4.78B	4.55B	6.54B	5.89B
EBITDA Margin %	-	-	-	-	-	-	-	-	-	-
EBITDA Growth %	0.22%	0.02%	0.16%	-0.14%	-0.15%	0.08%	-0.02%	-0.05%	0.44%	-0.1%
Depreciation & Amortization+	1.67B	1.85B	2.2B	2.28B	2.98B	2.84B	2.78B	3.11B	3.13B	2.64B
D&A / Revenue %	-	-	-	-	-	-	-	-	-	-
Operating Income (EBIT)+	3.54B	3.45B	3.94B	3.01B	1.54B	2.06B	2B	1.43B	3.41B	3.25B
Operating Margin %	-	-	-	-	-	-	-	-	-	-
Operating Income Growth %	0.3%	-0.02%	0.14%	-0.23%	-0.49%	0.33%	-0.03%	-0.28%	1.38%	-0.05%
Interest Expense+	904M	1.01B	1.21B	1.28B	1.49B	1.38B	1.29B	1B	1.67B	1.89B
Interest Coverage	3.91x	3.41x	3.27x	2.36x	1.04x	1.49x	1.54x	1.43x	2.04x	1.72x
Interest / Revenue %	-	-	-	-	-	-	-	-	-	-
Non-Operating Income	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K	-1000K
Pretax Income+	2.83B	2.87B	3.09B	2.62B	869M	1.41B	1.88B	540M	2.73B	2.18B
Pretax Margin %	-	-	-	-	-	-	-	-	-	-
Income Tax+	905M	655M	-30M	522M	209M	83M	-181M	113M	575M	308M
Effective Tax Rate %	-	-	-	-	-	-	-	-	-	-
Net Income+	1.9B	2.12B	3B	2.45B	1.36B	-401M	3.4B	1.32B	1.99B	2.12B
Net Margin %	-	-	-	-	-	-	-	-	-	-
Net Income Growth %	0.45%	0.12%	0.41%	-0.18%	-0.45%	-1.3%	9.48%	-0.61%	0.51%	0.07%
EPS (Diluted)+	3.20	3.38	4.72	3.59	1.66	-0.57	3.98	1.09	2.29	2.44
EPS Growth %	0.43%	0.06%	0.4%	-0.24%	-0.54%	-1.34%	7.98%	-0.73%	1.1%	0.07%
EPS (Basic)	3.21	3.38	4.72	3.74	1.66	-0.50	3.99	1.19	2.38	2.44
Diluted Shares Outstanding	593.7M	628M	636M	681M	808.9M	831M	808.5M	835M	836.5M	839.4M

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Assets+	58.8B	71.61B	76.58B	77.91B	103.82B	95.91B	99.59B	104.8B	109.03B	102.42B
Asset Growth %	0.08%	0.22%	0.07%	0.02%	0.33%	-0.08%	0.04%	0.05%	0.04%	-0.06%
PP&E (Net)+	41.55B	49.96B	53.76B	54.56B	57.2B	57.85B	59.77B	52.31B	58.78B	68.86B
PP&E / Total Assets %	-	-	-	-	-	-	-	-	-	-
Total Current Assets+	4.19B	4.25B	4.33B	5.16B	6.1B	6.89B	7.27B	9.85B	25.43B	6.61B
Cash & Equivalents	607M	261M	120M	268M	135M	172M	283M	119M	184M	310M
Receivables	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Inventory	1.35B	1.52B	1.48B	1.42B	1.62B	1.55B	1.63B	1.53B	1.7B	1.76B
Other Current Assets	667M	563M	691M	1.13B	1.62B	2.35B	2.46B	5.38B	20.8B	1.7B
Long-Term Investments	5.77B	6.34B	6.96B	6.56B	7.91B	10.24B	11.28B	6.58B	7.54B	8.55B
Goodwill	3.29B	6.4B	6.41B	6.41B	8.95B	7.38B	7.41B	4.14B	4.14B	4.14B
Intangible Assets	570M	618M	685M	670M	791M	765M	784M	813M	945M	1.14B
Other Assets	3.27B	4.04B	4.44B	4.55B	24.54B	12.79B	13.08B	31.1B	12.24B	13.11B
Total Liabilities	45.05B	54.77B	57.22B	55.87B	69.79B	69.44B	72.28B	77.14B	81.51B	72.22B
Total Debt+	28.8B	35.09B	37.32B	35.17B	32.41B	37.01B	40.58B	41.2B	44.24B	41.75B
Net Debt	28.2B	34.83B	37.2B	34.91B	32.28B	36.84B	40.3B	41.08B	44.06B	41.44B
Long-Term Debt	23.47B	30.23B	30.95B	31.11B	29B	33.96B	37.43B	34.35B	33.06B	37.31B
Short-Term Borrowings	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Capital Lease Obligations	0	0	0	35M	105M	624M	620M	618M	830M	214M
Total Current Liabilities+	8.12B	8.12B	9.64B	7.65B	9.94B	10.84B	8.67B	13.45B	24.48B	9.29B
Accounts Payable	726M	1B	875M	914M	1.02B	944M	1.2B	1.16B	921M	1.15B
Accrued Expenses	515M	798M	848M	836M	1.28B	1.13B	1.17B	909M	1.07B	1.04B
Deferred Revenue	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	1.54B	1.45B	1.54B	1.87B	4.32B	5.71B	3.15B	4.62B	11.48B	2.87B
Deferred Taxes	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Liabilities	6.04B	7.82B	12.11B	11.96B	24.47B	18.69B	19.52B	23.08B	16.07B	17.93B
Total Equity+	13.6B	16.84B	19.37B	22.05B	34.03B	26.46B	27.31B	27.66B	27.53B	30.19B
Equity Growth %	0.14%	0.24%	0.15%	0.14%	0.54%	-0.22%	0.03%	0.01%	-0%	0.1%
Shareholders Equity	12.66B	14.61B	17.14B	20.11B	31.99B	26.12B	27.31B	27.66B	27.53B	27.25B
Minority Interest	938M	2.23B	2.23B	1.94B	2.04B	344M	0	0	0	2.94B
Common Stock	6.68B	8.55B	9.87B	12.59B	23.82B	21.26B	21.61B	23.61B	23.73B	24.38B
Additional Paid-in Capital	6.68B	8.55B	9.87B	12.59B	0	0	0	0	0	0
Retained Earnings	6.46B	6.85B	7.94B	9.22B	7.58B	4.19B	5.37B	3.84B	3.52B	2.04B
Accumulated OCI	-474M	-799M	-659M	-1.7B	-1.79B	-1.72B	-1.46B	-1.57B	-1.51B	-156M
Return on Assets (ROA)	0.03%	0.03%	0.04%	0.03%	0.01%	-0%	0.03%	0.01%	0.02%	0.02%
Return on Equity (ROE)	0.15%	0.14%	0.17%	0.12%	0.05%	-0.01%	0.13%	0.05%	0.07%	0.07%
Debt / Equity	2.12x	2.08x	1.93x	1.60x	0.95x	1.40x	1.49x	1.49x	1.61x	1.38x
Debt / Assets	0.49%	0.49%	0.49%	0.45%	0.31%	0.39%	0.41%	0.39%	0.41%	0.41%
Net Debt / EBITDA	5.42x	6.58x	6.06x	6.59x	7.14x	7.53x	8.44x	9.04x	6.73x	7.04x
Book Value per Share	22.91	26.82	30.46	32.38	42.07	31.84	33.78	33.12	32.91	35.97

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	4.47B	4.13B	4.5B	4.77B	5.2B	5.23B	4.04B	3.7B	6.57B	5.02B
Operating CF Growth %	0.3%	-0.08%	0.09%	0.06%	0.09%	0%	-0.23%	-0.08%	0.78%	-0.24%
Operating CF / Revenue %	-	-	-	-	-	-	-	-	-	-
Net Income	1.9B	2.12B	3B	2.45B	642M	1.48B	2.65B	427M	2.16B	1.93B
Depreciation & Amortization	1.67B	1.85B	2.2B	2.28B	2.98B	2.84B	2.77B	3.11B	2.58B	2.35B
Deferred Taxes	854M	725M	-3M	517M	216M	-324M	487M	141M	1.44B	-334M
Other Non-Cash Items	-42M	-84M	78M	-230M	2.25B	2.03B	309M	3.35B	365M	556M
Working Capital Changes	95M	-486M	-774M	-241M	-886M	-796M	-2.17B	-3.34B	34M	524M
Capital Expenditures+	-5.99B	-10.7B	-5.91B	-4.41B	-5.32B	-6.33B	-6.06B	-7.76B	-10.23B	-12.43B
CapEx / Revenue %	-	-	-	-	-	-	-	-	-	-
CapEx / D&A	-	-	-	-	-	-	-	-	-	-
CapEx Coverage (OCF/CapEx)	-	-	-	-	-	-	-	-	-	-
Cash from Investing+	-6.5B	-10.7B	-5.94B	-2.36B	-4.62B	-2.92B	-6.25B	-6.75B	-7.21B	-3.18B
Acquisitions	-497M	-4.38B	0	0	0	0	495M	727M	3.34B	35M
Purchase of Investments	-1.33B	-1.5B	-2.31B	-2.32B	-1.96B	-4.71B	-4.96B	-3.11B	-3.26B	-3.23B
Sale of Investments	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Investing	-27M	-115M	171M	150M	498M	12M	-1.39B	-158M	-23M	9.24B
Cash from Financing+	2.32B	6.23B	1.3B	-2.21B	-704M	-2.33B	2.37B	2.98B	595M	-1.77B
Dividends Paid	-1.54B	-1.73B	-1.93B	-2.19B	-2.98B	-2.87B	-2.04B	-2.21B	-2.23B	-2.24B
Dividend Payout Ratio %	0.81%	0.81%	0.64%	0.89%	2.2%	-	0.6%	1.67%	1.12%	1.05%
Debt Issuance (Net)	1000K	1000K	1000K	-1000K	-1000K	1000K	1000K	1000K	1000K	-1000K
Stock Issued	786M	3.12B	1.32B	2.46B	6.97B	159M	934M	1.87B	94M	3.67B
Share Repurchases	0	0	0	0	0	-3.08B	0	-1.61B	0	-801M
Other Financing	63M	-25M	-287M	-278M	-236M	-446M	-371M	-204M	-186M	-212M
Net Change in Cash+	289M	-346M	-76M	206M	-153M	2M	168M	-101M	-39M	97M
Exchange Rate Effect	0	0	1000K	0	-1000K	1000K	1000K	-1000K	1000K	1000K
Cash at Beginning	318M	607M	261M	185M	391M	238M	240M	408M	307M	268M
Cash at End	607M	261M	185M	391M	238M	240M	408M	307M	268M	365M
Free Cash Flow+	-1.52B	-6.58B	-1.41B	368M	-117M	-1.1B	-2.02B	-4.06B	-3.66B	-7.41B
FCF Growth %	0.28%	-3.33%	0.79%	1.26%	-1.32%	-8.44%	-0.83%	-1%	0.1%	-1.02%
FCF Margin %	-	-	-	-	-	-	-	-	-	-
FCF / Net Income %	-	-	-	-	-	-	-	-	-	-

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.86%	13.95%	16.56%	11.82%	4.84%	-1.33%	12.64%	4.81%	7.23%	7.36%
EBITDA Margin	44.55%	45.13%	48.78%	47.26%	31.39%	34.51%	41.83%	32.62%	45.45%	40.71%
Net Debt / EBITDA	5.42x	6.58x	6.06x	6.59x	7.14x	7.53x	8.44x	9.04x	6.73x	7.04x
Interest Coverage	3.91x	3.41x	3.27x	2.36x	1.04x	1.49x	1.54x	1.43x	2.04x	1.72x
CapEx / Revenue	51.3%	91.19%	46.95%	39.33%	36.95%	44.67%	53.08%	55.66%	71.11%	85.95%
Dividend Payout Ratio	80.88%	81.35%	64.39%	89.29%	219.66%	-	59.9%	167.22%	111.99%	105.41%
Debt / Equity	2.12x	2.08x	1.93x	1.60x	0.95x	1.40x	1.49x	1.49x	1.61x	1.38x
EPS Growth	42.86%	5.63%	39.65%	-23.94%	-53.76%	-134.34%	798.25%	-72.61%	110.09%	6.55%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Dominion Energy Virginia	-	-	-	-	8.17B	7.79B	8B	9.67B	9.57B	10.23B
Dominion Energy Virginia Growth	-	-	-	-	-	-4.69%	2.72%	20.84%	-0.94%	6.89%
Dominion Energy South Carolina	-	-	-	-	2.95B	2.79B	2.98B	3.32B	3.37B	3.3B
Dominion Energy South Carolina Growth	-	-	-	-	-	-5.46%	6.75%	11.70%	1.38%	-1.93%
Contracted Energy	-	-	-	-	1.14B	1.07B	1.08B	890M	835M	1.11B
Contracted Energy Growth	-	-	-	-	-	-5.64%	1.31%	-17.97%	-6.18%	32.81%
Corporate and Other	527M	-7M	16M	-208M	-1.12B	1.16B	184M	-36M	614M	-
Corporate and Other Growth	-	-101.33%	328.57%	-1400.00%	-439.42%	203.65%	-84.18%	-119.57%	1805.56%	-
Gas Distribution	-	-	-	-	2.37B	2.35B	2.67B	3.33B	-	-
Gas Distribution Growth	-	-	-	-	-	-0.51%	13.16%	24.99%	-	-
Adjustments & Eliminations	-	718M	856M	43M	-	-991M	-944M	-	-	-
Adjustments & Eliminations Growth	-	-	19.22%	-94.98%	-	-	4.74%	-	-	-
Gas Transmission and Storage	-	-	-	-	3.07B	-	-	-	-	-
Gas Transmission and Storage Growth	-	-	-	-	-	-	-	-	-	-
Power Generation	-	6.75B	6.68B	7.1B	-	-	-	-	-	-
Power Generation Growth	-	-	-1.05%	6.41%	-	-	-	-	-	-
Gas Infrastructure	-	2.07B	2.83B	4.22B	-	-	-	-	-	-
Gas Infrastructure Growth	-	-	36.88%	49.05%	-	-	-	-	-	-
Power Delivery	-	2.21B	2.21B	2.21B	-	-	-	-	-	-
Power Delivery Growth	-	-	-0.18%	0.00%	-	-	-	-	-	-
Dominion Generation	7.02B	-	-	-	-	-	-	-	-	-
Dominion Generation Growth	-	-	-	-	-	-	-	-	-	-
Dominion Energy	2.57B	-	-	-	-	-	-	-	-	-
Dominion Energy Growth	-	-	-	-	-	-	-	-	-	-
Dominion Virginia Power	2.11B	-	-	-	-	-	-	-	-	-
Dominion Virginia Power Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Dominion Energy, Inc. (D) has a price-to-earnings (P/E) ratio of 24.2x. This is roughly in line with market averages.

Growth & Financials

Dominion Energy, Inc. (D) reported $15.81B in revenue for fiscal year 2024. This represents a 15% increase from $13.77B in 2011.

Dominion Energy, Inc. (D) grew revenue by 0.5% over the past year. Growth has been modest.

Yes, Dominion Energy, Inc. (D) is profitable, generating $2.34B in net income for fiscal year 2024 (14.7% net margin).

Dividend & Returns

Yes, Dominion Energy, Inc. (D) pays a dividend with a yield of 4.52%. This makes it attractive for income-focused investors.

Dominion Energy, Inc. (D) has a return on equity (ROE) of 7.4%. This is below average, suggesting room for improvement.

Dominion Energy, Inc. (D) had negative free cash flow of $7.75B in fiscal year 2024, likely due to heavy capital investments.

Industry Metrics

Dominion Energy, Inc. (D) has a dividend payout ratio of 105%. The high payout ratio may limit dividend growth.

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