Dominion Energy: Expansion of Data Centers in Virginia to Solidify Foothold In the Burgeoning Sector!

Dominion Energy recently provided an update on its fourth quarter 2024 earnings, revealing a nuanced financial and operational picture. The company reported operating earnings of $2.77 per share for the year, situating within the higher end of its guidance, despite adverse weather conditions. GAAP earnings stood at $2.44 per share, contrasting with $0.58 for the fourth quarter operating earnings. The company projects its 2025 operating earnings per share in the range of $3.28 to $3.52, inclusive of RNG 45Z credit income, maintaining a midpoint at $3.40. Furthermore, it affirmed 5% to 7% annual operating earnings growth guidance through 2029, excluding the effect of the RNG 45Z credit, set to expire in 2027.