Dominion Energy Inc
NYSE:D

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Dominion Energy Inc
NYSE:D
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Price: 53.46 USD 0.13% Market Closed
Market Cap: 44.9B USD

Dominion Energy Inc
Investor Relations

Dominion Energy Inc., an established player in the utility industry, has woven a narrative of transformation and commitment to clean energy amid the backdrop of a traditionally conservative sector. Founded in 1909 and with roots tracing back to the electrification era, Dominion has grown to become a key provider of electricity, natural gas, and related services to millions of customers in the United States. The company operates a vast network of production, transmission, and distribution systems, ensuring a reliable flow of energy to homes and businesses across its serving regions. Its business model capitalizes on regulated utility operations, which provide a stable cash flow insulated from the volatility of unregulated markets, a hallmark attribute that appeals to investors seeking safety and consistency.

A shift in Dominion's strategic blueprint emerged alongside growing pressures for sustainable solutions, prompting the company to embark on a diversification and decarbonization journey. This includes significant investments in renewable energy projects, particularly in solar and wind power, as well as modernization of the existing grid infrastructure. Moreover, Dominion Energy has been committed to enhancing its storage capabilities and reducing its carbon footprint, all while maintaining a balanced portfolio that also incorporates natural gas, thus sustaining an integral role in the transition toward cleaner energy. Through these multi-faceted initiatives, Dominion not only aligns with its goals of reducing emissions and fostering environmental stewardship but ensures it remains a competitive force in the evolving energy landscape, making money by integrating environmentally responsible practices with economic viability.

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Earnings Calls

2024 Q3
Nov 1, 2024
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Dominion Energy Reports Q3 Earnings and Updates Growth Strategy
2024 Q3
Nov 1, 2024

Dominion Energy announced Q3 operating earnings of $0.98 per share, with a full-year guidance narrowed to $2.68-$2.83 per share. The company reaffirmed its long-term outlook, projecting 5-7% annual operating earnings growth through 2029. Key initiatives include timely offshore wind delivery and regulatory success, alongside a substantial $21 billion debt reduction achieved across recent transactions. The company is focused on controlled growth amid increased data center demands, with expectations to connect 16 new centers in 2024, up from 15. Additionally, a new offshore wind lease may enhance capacity supporting future growth.

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Management

Mr. Robert M. Blue
President, CEO & Chairman of the Board

Robert M. Blue is the President, Chairman, and Chief Executive Officer of Dominion Energy, Inc., one of the largest energy production and transportation companies in the United States. He has been with Dominion Energy for several years and ascended to his current position with a strong track record in leadership within the company. He joined Dominion Energy in 2005 and has held a variety of senior executive roles, including Executive Vice President and Co-Chief Operating Officer. Prior to becoming CEO, Blue served as President and Chief Executive Officer – Power Delivery Group, where he was responsible for the company's regulated electric transmission and distribution operations. Before joining Dominion Energy, Robert Blue had experience in law and government, serving in capacities such as a Deputy Attorney General for Virginia. He graduated from the University of Virginia with a bachelor’s degree in history and a law degree. He also holds a master’s degree in business administration from the University of Richmond. Under Blue's leadership, Dominion Energy is focused on providing safe, reliable, and sustainable energy to its customers. The company is actively working towards achieving its environmental and clean energy goals, including significant investments in renewable energy and infrastructure.

Mr. Steven D. Ridge
Executive VP & CFO

Steven D. Ridge is an executive at Dominion Energy, Inc., a prominent American power and energy company that provides electricity and natural gas across several states. In his leadership role, Ridge is pivotal in overseeing and managing various aspects of the company's operations, particularly focusing on strategy, business development, and operational efficiency. His responsibilities likely include managing assets, collaborating with regulatory bodies, and driving initiatives to enhance energy sustainability and innovation. With a rich background in the energy sector, Ridge would bring a wealth of experience and expertise to his role at Dominion Energy, helping to guide the company through the evolving landscape of the energy industry.

Ms. Diane G. Leopold
Executive VP & Chief Operating Officer

Diane G. Leopold is a prominent executive in the energy sector, having held significant leadership roles at Dominion Energy, Inc., one of the largest producers and transporters of energy in the United States. She has served as the Executive Vice President and Chief Operating Officer (COO) of Dominion Energy, where she was responsible for overseeing the daily operations and strategic initiatives of the company, including the generation, transmission, and distribution of energy. Leopold has been with Dominion Energy for several years and has contributed to its growth and development through various positions within the company. Her expertise spans across several areas, including gas transmission, power generation, and customer service operations. She is recognized for her leadership in transforming and advancing Dominion's infrastructure and operational capabilities to meet the challenges of a changing energy landscape. Throughout her career, Leopold has been dedicated to promoting a culture of safety, reliability, and sustainability within Dominion Energy. She has a background in engineering and business, which has equipped her with the skills necessary to navigate the complex energy industry. Leopold is also known for her commitment to community engagement and fostering diversity and inclusion within the workplace. In addition to her roles at Dominion, Diane Leopold has been involved in various industry groups and boards, contributing her expertise to broader policy and strategic discussions in the energy sector.

Mr. Carlos M. Brown
President of Dominion Energy Services, Executive VP, Chief Legal Officer & Corporate Secretary

Carlos M. Brown is a notable executive at Dominion Energy Inc., a leading American power and energy company. He currently serves as the Senior Vice President, General Counsel, and Chief Compliance Officer. His responsibilities include overseeing the company's legal affairs and ensuring compliance with regulatory requirements, providing strategic guidance, and supporting the company's operations and business initiatives. Brown has played a significant role in advancing Dominion Energy's strategic goals, particularly in areas concerning regulatory compliance, legal risk management, and governance. He has been recognized for his leadership and expertise in the energy sector and has contributed to Dominion Energy's efforts in navigating complex legal and regulatory landscapes. Before his tenure at Dominion Energy, Carlos M. Brown gained extensive experience in the legal field, working on various legal matters which provided him with a wealth of knowledge in corporate law and regulatory affairs. His background and experiences have made him a key figure in leading Dominion Energy’s legal and compliance teams towards achieving the company’s long-term strategic objectives. Brown is also active in community and professional organizations, emphasizing diversity and inclusion in the legal profession and the energy industry.

Mr. Edward H. Baine
President of Dominion Energy Virginia

Edward H. Baine is the President of Dominion Energy Virginia, a subsidiary of Dominion Energy Inc. He plays a crucial role in overseeing the strategic direction and operations of Dominion Energy Virginia, which provides electricity to approximately 2.7 million customers in Virginia and North Carolina. Baine joined Dominion Energy in 1995 and has held numerous leadership positions within the company. His roles have spanned various facets of the energy business, including distribution, transmission, and customer service. Baine has been recognized for his strategic leadership and his commitment to safety, reliability, and customer satisfaction. He earned a Bachelor of Science degree in electrical engineering from Virginia Tech and completed several executive education programs. Baine is also actively involved in community service and serves on several boards and organizations, emphasizing his commitment to making a positive impact beyond his professional obligations.

Ms. Michele L. Cardiff
Senior VP, Controller & Chief Accounting Officer
No Bio Available
Mr. David McFarland
Vice President of Investor Relations

David McFarland is known for his role as the Executive Vice President and Chief Financial Officer of Dominion Energy, Inc., a prominent American power and energy company headquartered in Richmond, Virginia. McFarland, a seasoned financial executive, brings a wealth of experience in financial management and strategy to the company. Throughout his tenure at Dominion Energy, McFarland has been instrumental in overseeing the company's financial operations, including strategic financial planning, risk management, and driving shareholder value. His leadership plays a crucial role in steering the company through the evolving energy landscape, ensuring financial health and operational efficiency. Prior to his executive role at Dominion Energy, McFarland held various leadership positions where he honed his expertise in finance and developed a deep understanding of the energy sector's dynamics. His strong educational background and professional acumen have contributed significantly to Dominion Energy’s growth and success in the energy market. David McFarland's strategic insight and leadership have positioned him as a key figure in Dominion Energy's executive team, contributing to the company's mission of providing safe, reliable, and sustainable energy.

Mr. William L. Murray
Senior Vice President of Corporate Affairs & Communications

William L. Murray is a notable figure in the energy sector, particularly known for his role at Dominion Energy Inc. As an executive at Dominion Energy, a leading utility company in the United States, he has made significant contributions to the company's strategies and operations. Murray has held various leadership positions within the company, where he has been instrumental in shaping policy and regulatory strategies. His expertise in legislative and public policy matters has been crucial in navigating the complex regulatory environment of the energy industry. He is recognized for his efforts in advancing Dominion Energy's commitment to sustainable energy practices and innovation. Murray has also been involved in initiatives focused on transitioning to cleaner energy sources and improving the company's environmental footprint. With a strong background in policy and government relations, William L. Murray continues to play a vital role in ensuring Dominion Energy meets its corporate objectives while addressing the changing needs of the energy market.

Ms. Regina J. Elbert
Senior VP & Chief Human Resources Officer
No Bio Available
Mr. Daniel A. Weekley
President of Ohio Operations

Daniel A. Weekley is a notable executive at Dominion Energy, Inc., where he has played significant roles throughout his tenure. After joining the company, Weekley has contributed to various important business units and has ascended to key leadership positions. With a strong background in public policy and regulatory affairs, he has been instrumental in navigating complex legislative and regulatory landscapes that affect the energy industry. Weekley has leveraged his expertise to advocate for sustainable energy policies and initiatives while ensuring that Dominion Energy adapts to changing regulatory environments. His efforts have often focused on promoting clean energy solutions and enhancing the infrastructure needed for energy delivery. Weekley's leadership style emphasizes strategic planning and stakeholder engagement, helping maintain Dominion Energy’s commitment to reliable and affordable energy services. Throughout his career, he has developed strong relationships with policymakers, community leaders, and industry peers, positioning Dominion Energy as a forward-thinking and responsible company within the energy sector. His contributions have been significant in steering Dominion through transitions within the energy landscape, supporting innovation, and advocating for policies that favor both growth and sustainability.

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VIRGINIA
Richmond
120 Tredegar St
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