Dominion Energy Reports Q1 Earnings, CVOW Project 55% Complete

Dominion Energy reported strong first-quarter 2025 earnings, with $0.93 per share, aided by favorable weather and steady customer growth, and reaffirmed its 2025 operating earnings guidance and long-term EPS growth projections. The company’s share price rose in tandem with broader market gains, though its total shareholder return over the past year lagged the broader utilities sector. Dominion’s Coastal Virginia Offshore Wind project, now 55% complete, remains on schedule and is highlighted as a major driver of future growth, supporting both clean energy strategy and regional economic development. Despite solid financial performance and a robust capital investment outlook, the company faces ongoing challenges such as regulatory hurdles and increased project costs. The project enjoys broad bipartisan and community support and is expected to deliver significant benefits to Virginia’s grid and economy. Dominion continues to emphasize safety and aims for zero workplace injuries following a recent on-site fatality.