Dominion Energy
Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmi…
Dominion Energy, Inc. provides regulated electricity and natural gas services in the United States. It operates through Dominion Energy Virginia, Dominion Energy South Carolina, and Contracted Energy segments. The Dominion Energy Virginia segment engages in the generation, distribution, and transmission of electricity to approximately 2.8 million residential, commercial, industrial, and governmental customers in Virginia and North Carolina. The Dominion Energy South Carolina segment generates, transmits, and distributes electricity to approximately 0.8 million customers in the central, southern, and southwestern portions of South Carolina; and distributes natural gas to approximately 0.5 million residential, commercial, and industrial customers in South Carolina. The Contracted Energy segment is involved in the nonregulated long-term contracted renewable electric generation fleet and renewable natural gas facilities. As of December 31, 2025, the company's portfolio of assets included approximately 30.7 GW of electric generating capacity, 10,800 miles of electric transmission lines, and 80,400 miles of electric distribution lines. The company was formerly known as Dominion Resources, Inc. Dominion Energy, Inc. was incorporated in 1983 and is headquartered in Richmond, Virginia.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Other models: USD 46.00–49.01 (median 47.51). The recommended value is 39% above that median, so treat the upside with extra caution.
Why: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Details and the full model are below.
Market price within modeled range
Normalised free-cash-flow DCF using a three-year average of free cash flow, because the latest figure is depressed by heavy investment or one-off items, with cash, debt, and shares from the latest report. Base assumptions are 6.79% growth, 2.2% terminal growth, and 8.6% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is not a statistical confidence interval or investment advice.
Assumptions: growth 6.79%, discount rate 8.60%, terminal growth 2.20% (sector defaults). See a worked example.
Blended growth assumption: 6.8% (sector default 4.0%, own revenue history 9.7%, analyst revenue consensus 6.8%).
Analyst consensus expects revenue growth of 6.8% a year; the growth assumption used is 6.8%.
Adjust assumptions
Why this model: Latest free cash flow is depressed by heavy investment or one-off items, so a three-year average is used instead.
Compare models- Recommended: Normalised free-cash-flow DCF — USD 66.02 (-3.3%)
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EPS-based Gordon proxy
— USD 49.01 (-28.2%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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FCFF (steady state)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/EBITDA (12x)
— USD 46.00 (-32.6%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— not applicable
Not used: Cannot be computed: free cash flow is zero or negative.
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EV/Sales (Rule of 40)
— USD 145.55 (+113.2%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 31.22 | -118.6% |
| Base USD 66.02 | -3.4% |
| Bull USD 133.35 | 48.8% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At USD 68.26 the market implies about this annual free-cash-flow growth for 5 years (terminal 2.2%, discount 8.6%).
Compare: the market implies 7.2% a year, this model assumes 6.8%. The market expects more than this model does, which is why it reads as overvalued.
How the Normalised free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
| Growth \ Discount | 6.6% | 7.6% | 8.6% | 9.6% | 10.6% |
|---|---|---|---|---|---|
| 2.8% | 94.30 | 65.94 | 46.46 | 32.23 | 21.40 |
| 4.8% | 108.52 | 77.32 | 55.89 | 40.25 | 28.34 |
| 6.8% | 123.83 | 89.56 | 66.02 | 48.85 | 35.78 |
| 8.8% | 140.28 | 102.70 | 76.90 | 58.08 | 43.77 |
| 10.8% | 157.94 | 116.80 | 88.56 | 67.97 | 52.31 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 76 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 4 of 5 years | 16 / 20 |
| Growth | revenue +8.6% a year | 20 / 20 |
| Balance sheet | net debt 6.7x EBITDA | 0 / 20 |
| Margins | EBITDA margin 40% | 20 / 20 |
Peers in Utilities
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| D (this company) | USD 68.26 | -3.4% | 22.2 | 2.0 | 3.9% | 76 |
| ED Consolidated Edison | USD 119.93 | 30.7% | 20.0 | 1.7 | 2.7% | 78 |
| ENGI.PA Engie SA | EUR 23.81 | 16.6% | 15.8 | 1.8 | 7.5% | 76 |
| FORTUM.HE Fortum Oyj | EUR 23.13 | -3.5% | 25.7 | 2.6 | 6.1% | 72 |
| CMS CMS Energy | USD 68.66 | -3.5% | 24.7 | 2.2 | 3.3% | 64 |
| CNA.L Centrica plc | GBP 1.50 | -5.9% | – | 2.3 | 3.3% | 92 |
| EIX Edison International | USD 59.61 | -8.9% | 6.3 | 1.3 | 5.7% | 52 |
| NTGY.MC Naturgy Energy Group, S.A. | EUR 29.30 | -9.7% | 14.0 | 3.0 | 5.9% | 70 |
| NEE NextEra Energy | USD 86.48 | -13.8% | 15.6 | 2.9 | 2.8% | 72 |
| Peer median | 15.8 | 2.3 | ||||
Dividends
Paid in the last 12 months: USD 2.67 per share · yield 3.91% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 2.003 |
| 2025 | 2.670 |
| 2024 | 2.670 |
| 2023 | 2.670 |
| 2022 | 2.670 |
| 2021 | 2.520 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 06 Nov 2026 12:56
| Revenue | USD 19,412,000,000 |
|---|---|
| EBITDA | USD 7,681,000,000 |
| EBIT | USD 5,424,000,000 |
| Net income | USD 2,707,000,000 |
| Free cash flow | USD -6,279,000,000 |
| Capital expenditures | USD 11,954,000,000 |
| Debt | USD 52,247,000,000 |
| Cash | USD 656,000,000 |
| Working capital | USD -1,386,000,000 |
| Shares outstanding | 882,100,000 |
| Reported dividends per share | USD 2.6426 |