Dominion Energy Inc (D)D

Dominion Energy Inc. Overview

Company Profile

Dominion Energy Inc. (NYSE: D) is a leading energy company headquartered in Richmond, Virginia. It operates in three core segments:

• Electric Distribution: Owns and operates electric distribution systems in Virginia, North Carolina, South Carolina, and Ohio.
• Natural Gas Infrastructure: Operates one of the nation's largest natural gas transmission and storage businesses.
• Generation: Owns and operates a diverse portfolio of electricity generation facilities, including nuclear, natural gas, and renewable energy sources.

Dominion Energy is led by a team of experienced executives, including:

• Robert M. Blue, Chairman, President, and CEO
• Thomas F. Farrell II, Chief Operating Officer
• Diane E. Leopold, Executive Vice President and Chief Financial Officer

Top Products and Market Share

Dominion Energy's top products and services include:

• Electric Distribution: Delivers electricity to over 7 million customers.
• Natural Gas Delivery: Provides natural gas to over 6 million customers.
• Natural Gas Storage: Operates 80 billion cubic feet of underground storage capacity.
• Electricity Generation: 28,439 megawatts of generating capacity, including 25% from nuclear, 47% from natural gas, and 28% from renewable sources.

Dominion Energy has a strong market share in the states it operates in:

• Virginia: 2.4 million electric customers (market share of 51%)
• North Carolina: 2.2 million electric customers (market share of 48%)
• South Carolina: 1.2 million electric customers (market share of 57%)
• Ohio: 2.2 million electric customers (market share of 94%)

Total Addressable Market

Dominion Energy's total addressable market is around 7.7 million electric customers and 6 million natural gas customers in its service territories. However, the company faces competition from other utilities in these regions.

Financial Performance

In 2022, Dominion Energy reported revenue of $16.1 billion, net income of $2.6 billion, and earnings per share of $4.24. The company's profit margins have been trending upwards in recent years. Dominion Energy has a strong financial position with a healthy cash flow and balance sheet.

Dividends and Shareholder Returns

Dominion Energy has a long history of paying dividends to shareholders. The current dividend yield is 3.54%. The company has also generated strong total shareholder returns over the past year, 5 years, and 10 years.

Growth Trajectory

Dominion Energy has grown its earnings per share at a compound annual growth rate of 10% over the past five years. The company expects to continue growing earnings at a similar rate in the future. This growth will be driven by investments in new infrastructure, clean energy projects, and its regulated electric distribution business.

Market Dynamics

The energy industry is undergoing a transformation as the world shifts towards cleaner energy sources. Dominion Energy is well-positioned to benefit from this trend with its investments in renewable energy and its focus on environmental sustainability.

Competitors

Dominion Energy's key competitors include Duke Energy (DUK), Southern Company (SO), and NextEra Energy (NEE). Dominion Energy has a competitive advantage over these companies due to its strong regulatory footprint and its diversified portfolio of assets.

Potential Challenges and Opportunities

Dominion Energy's key challenges include:

• Regulation: The company is subject to a high degree of government regulation, which can impact its ability to raise rates and invest in new projects.
• Competition: The energy industry is highly competitive, and Dominion Energy faces competition from other utilities and independent power producers.
• Environmental concerns: The company's operations generate greenhouse gas emissions, and it is facing increasing pressure to reduce its environmental impact.

Dominion Energy's key opportunities include:

• Renewable energy: The company is investing heavily in renewable energy projects, which will help it reduce its carbon emissions and meet growing demand for clean energy.
• Infrastructure investment: The company is planning to invest billions of dollars in its infrastructure over the next few years, which will improve the reliability and efficiency of its electric and natural gas systems.
• Grid modernization: The company is investing in grid modernization technologies, which will help it integrate renewable energy sources and improve the resilience of its system.

Recent Acquisitions

Dominion Energy has not made any significant acquisitions in the past three years.

AI-Based Fundamental Rating

Dominion Energy receives an AI-based fundamental rating of 7 out of 10. This rating is based on a comprehensive analysis of the company's financial health, market position, and future prospects. Dominion Energy has a strong financial position, a leading market share in its service territories, and a promising growth trajectory. However, the company faces challenges from regulation, competition, and environmental concerns.

Sources and Disclaimers

This overview is based on information from the following sources:

• Dominion Energy website
• SEC filings
• Yahoo Finance
• Zacks Investment Research

This information is provided for informational purposes only and should not be considered investment advice. Please consult with a qualified financial advisor before making any investment decisions.