Revenue Growth Driven by Core Operations
Revenue surged 23.1% year-over-year to $5.02B in Q1 FY2026 from $4.08B in the prior-year period, reflecting robust top-line expansion across the business.
Source: 10-Q Income Statement, Q1 FY2026
Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
D reported strong Q1 FY2026 revenue growth of 23.1% to $5.02B, but net income declined 6.6% to $621M as higher costs and leverage weighed on profitability despite solid operating performance.
Revenue
$5.02B
+23.14% YoY
EPS (Diluted)
$0.69
-10.39% YoY
Operating Income
$1.39B
+13.82% YoY
Source: SEC XBRL
Dominion Energy (D) reported Q1 FY2026 revenue of $5.02B, up 23.1% year over year. Operating margin was 27.7%, down 2.3 points from 30.0% a year earlier. Operating cash flow was $882M, down 25.4% year over year. D's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.79 | 0.69 | Beat +14.7% |
| Mar 2026This filing | 0.95 | 0.93 | Beat +2.3% |
| Dec 2025 | 0.68 | 0.68 | Miss -0.2% |
| Sep 2025 | 1.06 | 0.97 | Beat +9.5% |
Adjusted (non-GAAP) EPS of $0.95 versus the $0.93 analyst consensus — a +2.3% beat for Mar 2026. Analyst consensus is quoted on the adjusted (non-GAAP) basis the street uses. GAAP diluted EPS for this quarter was $0.69.
Compiled by AI from this SEC filing
Revenue surged 23.1% year-over-year to $5.02B in Q1 FY2026 from $4.08B in the prior-year period, reflecting robust top-line expansion across the business.
Source: 10-Q Income Statement, Q1 FY2026
Operating income grew 13.8% to $1.39B, but operating margin compressed by approximately 2.3 percentage points to 27.7%, indicating that cost growth outpaced revenue growth at the operating level.
Source: 10-Q Income Statement & Key Ratios, Q1 FY2026
Net income fell 6.6% to $621M from $665M, and diluted EPS dropped 10.4% to $0.69 from $0.77, suggesting elevated below-the-line costs such as interest expense on the company's significant debt load are pressuring bottom-line results.
Source: 10-Q Income Statement, Q1 FY2026
Operating cash flow fell 25.4% to $882M from $1.18B in the prior-year period, while investing activities consumed $3.10B, reflecting continued capital-intensive investment activity funded largely by $2.37B in financing cash flows.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Total assets grew 13.4% to $118.6B, but total liabilities rose faster at 14.9% to $84.9B, resulting in a debt-to-equity ratio of 2.91x and a current ratio of 0.78x, indicating the company carries significant financial leverage and near-term liquidity is tight.
Source: 10-Q Balance Sheet, Q1 FY2026
Compiled by AI from this SEC filing · 2 high, 3 medium, 0 low
With a debt-to-equity ratio of 2.91x and total liabilities of $84.9B against stockholders' equity of $29.1B, the company carries substantial financial leverage. Elevated interest costs appear to be a key driver of the gap between operating income growth (+13.8%) and net income decline (-6.6%), creating vulnerability to rising interest rates or refinancing risk.
Source: 10-Q Balance Sheet & Income Statement, Q1 FY2026
The current ratio of 0.78x means current liabilities of $11.6B exceed current assets of $9.0B, indicating the company may face near-term liquidity constraints. Cash and equivalents stand at only $351M, a thin buffer relative to the scale of the business.
Source: 10-Q Balance Sheet & Key Ratios, Q1 FY2026
Operating margin declined approximately 2.3 percentage points year-over-year to 27.7%, suggesting cost pressures are outpacing revenue growth. If this trend continues, profitability could erode further even as top-line growth remains strong.
Source: 10-Q Key Ratios, Q1 FY2026
Operating cash flow fell 25.4% to $882M despite a 23.1% increase in revenue, a significant divergence that may indicate working capital headwinds or non-cash earnings quality issues. Sustained weakness in cash generation could limit the company's ability to fund capital expenditures organically.
Source: 10-Q Cash Flow Statement, Q1 FY2026
Investing activities consumed $3.10B in Q1 FY2026, far exceeding operating cash flow of $882M, requiring the company to rely on external financing of $2.37B to fund its investment program. This dependence on capital markets introduces refinancing and cost-of-capital risk.
Source: 10-Q Cash Flow Statement, Q1 FY2026
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 5.02 $B | 4.08 $B | +23.14% |
Operating Income $B | 1.39 $B | 1.22 $B | +13.82% |
Net Income $M | 621.00 $M | 665.00 $M | -6.62% |
EPS (Basic) $ | 0.69 $ | 0.77 $ | -10.39% |
EPS (Diluted) $ | 0.69 $ | 0.77 $ | -10.39% |
Answers draw on this SEC filing and the data on this page
For 2026-Q2, Dominion Energy's operating revenue increased 18% year-over-year to $4.48B, but net income declined 55% to $340M ($0.37 diluted EPS) primarily due to an $820M impairment on nonregulated renewable natural gas facilities and pending merger uncertainties with NextEra Energy.
Dominion Energy (D) delivered strong FY2025 results with revenue rising 14.2% to $16.5B and net income surging 47.4% to $3.0B, driven by improved operating efficiency and margin expansion, though a significant jump in investing outflows and long-term debt signals an accelerating capital investment cycle.
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