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Dominion Energy Inc (NYSE: D) |
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Description of Dominion Energy Inc's Business Segments
Dominion Energy Inc. a prominent energy company in the United States, operates across diverse segments, providing comprehensive services and products that cater to the needs of residential, commercial, and industrial customers. Here's an extensive overview of the company's primary segments, products, and services:
1. Dominion Delivery
This segment is responsible for managing the companys electric and gas distribution systems and customer service operations. Key elements include:
- Electric Distribution: Dominion Delivery oversees the infrastructure for delivering electricity to residential and commercial customers. This involves maintaining power lines, substations, and transformers, ensuring reliable service.
- Gas Distribution: The segment manages natural gas distribution systems, providing essential services for heating, cooking, and other applications. It ensures safe and efficient delivery of gas to homes and businesses.
- Customer Service Operations: Dominion Delivery offers customer support, including account management, billing inquiries, outage reporting, and service requests.
- Retail Energy Marketing: This involves the sale of electric and gas services directly to consumers, often through competitive pricing and promotions, enabling customers to make choices regarding their energy suppliers.
Dominion Energy
Dominion Energy primarily manages the electric and gas transmission operations along with some exploratory and trading activities. This segment includes:
- Electric Transmission: Responsible for transporting high-voltage electricity from generation sites to substations for distribution, ensuring a robust and reliable electricity supply across its service areas.
- Gas Transmission: This involves the long-distance transport of natural gas through pipelines. Dominion Energy ensures that the gas supply meets market demand and operates extensive pipeline networks.
- Gas Production and Storage: The company engages in activities related to the extraction and storage of natural gas. This segment plays a key role in managing supply levels for optimal distribution.
- Energy Trading and Marketing: Dominion Energy participates in trading electricity, natural gas, and other energy commodities. Hedging, arbitrage services, and market analysis are critical components of this segment, enabling risk management and profit optimization.
Dominion Exploration & Production
This segment focuses on the exploration, development, and production of natural gas and oil resources. Key features include:
- Oil and Gas Exploration: Dominion actively investigates prospective areas for potential oil and gas reserves, utilizing geological and geophysical techniques.
- Development and Production: The company manages drilling operations, well completions, and production processes for extracted oil and gas. Advanced technologies are employed to maximize extraction efficiency and minimize environmental impacts.
- Resource Management: This segment involves the management of existing reserves and ongoing assessments to ensure sustainable development practices.
Dominion Generation
Dominion Generation is responsible for managing the generation operations of the company's electric utility and merchant fleet and its power purchase agreements. The segment includes:
- Power Generation Facilities: Dominion operates a diverse portfolio of generation facilities, including coal, natural gas, nuclear, solar, and renewable energy plants. This diversity enhances energy reliability and reduces dependence on any single energy source.
- Merchant Generation: The company sells electricity generated from its non-regulated assets in wholesale markets, optimizing profitability through strategic sales practices and portfolio management.
- Power Purchase Agreements: Dominion engages in long-term contracts to purchase power, allowing it to manage risk and ensure steady supply for its customers.
- Renewable Energy Initiatives: The company is increasingly investing in renewable energy sources, such as solar and wind, in response to market demand and regulatory requirements for cleaner energy solutions.
Additional Services
Apart from its core segments, Dominion Energy provides various ancillary services and solutions, including:
- Energy Efficiency Programs: Helping customers reduce their energy consumption through incentives, rebates, and education on energy-saving practices.
- Sustainability Initiatives: Committing to reduce carbon emissions and promote clean energy alternatives, including environmental stewardship initiatives.
- Electric Vehicle Charging Solutions: Catering to the growing demand for electric vehicles, Dominion Energy is investing in charging infrastructure and related services.
- Community Engagement and Support: The company often participates in local community projects and initiatives, aiming to enhance its corporate responsibility and support regional development.
Conclusion
Dominion Energy Inc. offers a diverse array of products and services designed to meet the energy needs of its customers while emphasizing reliability, sustainability, and innovation. Through its multiple segments, the company not only focuses on traditional energy sources but is also committed to expanding its renewable energy portfolio and enhancing customer experience.
Composition of Dominion Energy Inc Revenues by
Segments |
| |
| Regulated Electric Sales Residential |
|
 38.49 % |
of total Revenue |
| Regulated Electric Sales Commercial |
|
30.37 % |
of total Revenue |
| Regulated Electric Sales Industrial |
|
4.76 % |
of total Revenue |
| Regulated Electric Sales Government and Other Retail |
|
7.56 % |
of total Revenue |
| Regulated Electric Sales Wholesale |
|
1.05 % |
of total Revenue |
| Nonregulated Electric Sales |
|
9.13 % |
of total Revenue |
| Regulated Gas Sales Residential |
|
4.22 % |
of total Revenue |
| Regulated Gas Sales Commercial |
|
1.3 % |
of total Revenue |
| Regulated Gas Sales Other |
|
0.66 % |
of total Revenue |
| Regulated Gas Transportation and Storage |
|
0.15 % |
of total Revenue |
| Other Regulated Revenue |
|
1.08 % |
of total Revenue |
| Other Nonregulated |
|
1.45 % |
of total Revenue |
| Virginia Electric and Power Company |
|
67.84 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
|
30.03 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
|
25.2 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
|
2.38 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
|
7.14 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
|
0.91 % |
of total Revenue |
| Virginia Electric and Power Company Nonregulated Electric Sales |
|
0.56 % |
of total Revenue |
| Virginia Electric and Power Company Other Regulated Revenue |
|
0.96 % |
of total Revenue |
| Virginia Electric and Power Company Other Nonregulated |
|
0.32 % |
of total Revenue |
| Renewable Energy Investment Tax Credits |
|
0.25 % |
of total Revenue |
| Transition services agreements |
|
0.66 % |
of total Revenue |
| Alternative Revenue Programs |
|
0.54 % |
of total Revenue |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
|
0.1 % |
of total Revenue |
| Virginia Electric and Power Company Alternative Revenue Programs |
|
0.54 % |
of total Revenue |
| Adjustments Eliminations |
|
-7.7 % |
of total Revenue |
| Dominion Energy Virginia |
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68.57 % |
of total Revenue |
| Dominion Energy Virginia Interrevenue |
|
-0.02 % |
of total Revenue |
| Dominion Energy South Carolina |
|
23.33 % |
of total Revenue |
| Dominion Energy South Carolina Interrevenue |
|
0.05 % |
of total Revenue |
| Contracted Energy |
|
7.53 % |
of total Revenue |
| Contracted Energy Interrevenue |
|
0.07 % |
of total Revenue |
| Corporate and Other |
|
8.29 % |
of total Revenue |
| Corporate and Other Interrevenue |
|
7.61 % |
of total Revenue |
| Dominion Energy Virginia Virginia Electric and Power Company |
|
68.55 % |
of total Revenue |
| Corporate and Other Virginia Electric and Power Company |
|
-0.71 % |
of total Revenue |
Q1 three months ended (Mar 31 2025)
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| Revenues by Business Segments |
Revenues
(in millions $) |
%
(of total Revenues) |
| Regulated Electric Sales Residential |
1,569.00 |
38.49 % |
| Regulated Electric Sales Commercial |
1,238.00 |
30.37 % |
| Regulated Electric Sales Industrial |
194.00 |
4.76 % |
| Regulated Electric Sales Government and Other Retail |
308.00 |
7.56 % |
| Regulated Electric Sales Wholesale |
43.00 |
1.05 % |
| Nonregulated Electric Sales |
372.00 |
9.13 % |
| Regulated Gas Sales Residential |
172.00 |
4.22 % |
| Regulated Gas Sales Commercial |
53.00 |
1.3 % |
| Regulated Gas Sales Other |
27.00 |
0.66 % |
| Regulated Gas Transportation and Storage |
6.00 |
0.15 % |
| Other Regulated Revenue |
44.00 |
1.08 % |
| Other Nonregulated |
59.00 |
1.45 % |
| Virginia Electric and Power Company |
2,765.00 |
67.84 % |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
1,224.00 |
30.03 % |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
1,027.00 |
25.2 % |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
97.00 |
2.38 % |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
291.00 |
7.14 % |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
37.00 |
0.91 % |
| Virginia Electric and Power Company Nonregulated Electric Sales |
23.00 |
0.56 % |
| Virginia Electric and Power Company Other Regulated Revenue |
39.00 |
0.96 % |
| Virginia Electric and Power Company Other Nonregulated |
13.00 |
0.32 % |
| Renewable Energy Investment Tax Credits |
10.00 |
0.25 % |
| Transition services agreements |
27.00 |
0.66 % |
| Alternative Revenue Programs |
22.00 |
0.54 % |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
4.00 |
0.1 % |
| Virginia Electric and Power Company Alternative Revenue Programs |
22.00 |
0.54 % |
| Adjustments Eliminations |
-314.00 |
-7.7 % |
| Dominion Energy Virginia |
2,795.00 |
68.57 % |
| Dominion Energy Virginia Interrevenue |
-1.00 |
-0.02 % |
| Dominion Energy South Carolina |
951.00 |
23.33 % |
| Dominion Energy South Carolina Interrevenue |
2.00 |
0.05 % |
| Contracted Energy |
307.00 |
7.53 % |
| Contracted Energy Interrevenue |
3.00 |
0.07 % |
| Corporate and Other |
338.00 |
8.29 % |
| Corporate and Other Interrevenue |
310.00 |
7.61 % |
| Dominion Energy Virginia Virginia Electric and Power Company |
2,794.00 |
68.55 % |
| Corporate and Other Virginia Electric and Power Company |
-29.00 |
-0.71 % |
| Total |
4,076.00 |
100 % |
Q1 three months ended (Mar 31 2025)
|
| Revenue Growth rates by Segment |
Y/Y Revenue
% |
Q/Q Revenue
% |
| Regulated Electric Sales Residential |
14.95 % |
- |
| Regulated Electric Sales Commercial |
13.16 % |
- |
| Regulated Electric Sales Industrial |
-8.92 % |
- |
| Regulated Electric Sales Government and Other Retail |
19.84 % |
- |
| Regulated Electric Sales Wholesale |
19.44 % |
- |
| Nonregulated Electric Sales |
69.09 % |
- |
| Regulated Gas Sales Residential |
13.91 % |
- |
| Regulated Gas Sales Commercial |
10.42 % |
- |
| Regulated Gas Sales Other |
42.11 % |
- |
| Regulated Gas Transportation and Storage |
50 % |
- |
| Other Regulated Revenue |
-50 % |
- |
| Other Nonregulated |
103.45 % |
- |
| Virginia Electric and Power Company |
11.09 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
16.35 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
16.57 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
-8.49 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
20.75 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
27.59 % |
- |
| Virginia Electric and Power Company Nonregulated Electric Sales |
64.29 % |
- |
| Virginia Electric and Power Company Other Regulated Revenue |
-53.57 % |
- |
| Virginia Electric and Power Company Other Nonregulated |
30 % |
- |
| Renewable Energy Investment Tax Credits |
100 % |
- |
| Transition services agreements |
575 % |
- |
| Alternative Revenue Programs |
-21.43 % |
- |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
100 % |
- |
| Virginia Electric and Power Company Alternative Revenue Programs |
-21.43 % |
- |
| Adjustments Eliminations |
- |
- |
| Dominion Energy Virginia |
12.29 % |
- |
| Dominion Energy Virginia Interrevenue |
- |
- |
| Dominion Energy South Carolina |
6.49 % |
- |
| Dominion Energy South Carolina Interrevenue |
100 % |
- |
| Contracted Energy |
-0.32 % |
- |
| Contracted Energy Interrevenue |
50 % |
- |
| Corporate and Other |
88.83 % |
- |
| Corporate and Other Interrevenue |
32.48 % |
- |
| Dominion Energy Virginia Virginia Electric and Power Company |
12.25 % |
- |
| Corporate and Other Virginia Electric and Power Company |
- |
- |
| Total |
12.22 % |
- |
Q1 three months ended (Mar 31 2025)
|
| Income by Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
692.00 |
16.98 % |
Q1 three months ended (Mar 31 2025)
|
| Income Growth rates by Segment |
Y/Y Income
% |
Q/Q Income
% |
| Total |
2.67 % |
- |
Annual Report on Dominion Energy Inc Divisions, Sales by Country |
| |
| Regulated Electric Sales Residential |
|
37.6 % |
of total Revenue |
| Regulated Electric Sales Commercial |
|
32.36 % |
of total Revenue |
| Regulated Electric Sales Industrial |
|
5.84 % |
of total Revenue |
| Regulated Electric Sales Government and Other Retail |
|
7.48 % |
of total Revenue |
| Regulated Electric Sales Wholesale |
|
0.94 % |
of total Revenue |
| Nonregulated Electric Sales |
|
6.45 % |
of total Revenue |
| Regulated Gas Sales Residential |
|
2.14 % |
of total Revenue |
| Regulated Gas Sales Commercial |
|
0.94 % |
of total Revenue |
| Regulated Gas Sales Other |
|
0.46 % |
of total Revenue |
| Regulated Gas Transportation and Storage |
|
0.15 % |
of total Revenue |
| Other Nonregulated |
|
1.15 % |
of total Revenue |
| Virginia Electric and Power Company |
|
0.28 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
|
28.58 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
|
26.18 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
|
2.97 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
|
7.02 % |
of total Revenue |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
|
0.73 % |
of total Revenue |
| Virginia Electric and Power Company Nonregulated Electric Sales |
|
0.59 % |
of total Revenue |
| Virginia Electric and Power Company Other Nonregulated |
|
0.32 % |
of total Revenue |
| Renewable Energy Investment Tax Credits |
|
0.21 % |
of total Revenue |
| Transition services agreements |
|
0.42 % |
of total Revenue |
| Alternative Revenue Programs |
|
0.89 % |
of total Revenue |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
|
0.08 % |
of total Revenue |
| Virginia Electric and Power Company Alternative Revenue Programs |
|
0.89 % |
of total Revenue |
| Other Regulated |
|
2.57 % |
of total Revenue |
| Virginia Electric and Power Company Other Regulated |
|
2.48 % |
of total Revenue |
Twelve months ended 2024
|
| D s Annual Revenue by Geography and Business Segments |
Sales
(in millions $) |
%
(of total Sales) |
| Regulated Electric Sales Residential |
5,436.00 |
37.6 % |
| Regulated Electric Sales Commercial |
4,679.00 |
32.36 % |
| Regulated Electric Sales Industrial |
845.00 |
5.84 % |
| Regulated Electric Sales Government and Other Retail |
1,081.00 |
7.48 % |
| Regulated Electric Sales Wholesale |
136.00 |
0.94 % |
| Nonregulated Electric Sales |
933.00 |
6.45 % |
| Regulated Gas Sales Residential |
309.00 |
2.14 % |
| Regulated Gas Sales Commercial |
136.00 |
0.94 % |
| Regulated Gas Sales Other |
67.00 |
0.46 % |
| Regulated Gas Transportation and Storage |
21.00 |
0.15 % |
| Other Nonregulated |
167.00 |
1.15 % |
| Virginia Electric and Power Company |
40.00 |
0.28 % |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
4,133.00 |
28.58 % |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
3,786.00 |
26.18 % |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
429.00 |
2.97 % |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
1,015.00 |
7.02 % |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
105.00 |
0.73 % |
| Virginia Electric and Power Company Nonregulated Electric Sales |
86.00 |
0.59 % |
| Virginia Electric and Power Company Other Nonregulated |
46.00 |
0.32 % |
| Renewable Energy Investment Tax Credits |
31.00 |
0.21 % |
| Transition services agreements |
61.00 |
0.42 % |
| Alternative Revenue Programs |
129.00 |
0.89 % |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
12.00 |
0.08 % |
| Virginia Electric and Power Company Alternative Revenue Programs |
129.00 |
0.89 % |
| Total |
14,459.00 |
100 % |
| Other Regulated |
372.00 |
2.57 % |
| Virginia Electric and Power Company Other Regulated |
359.00 |
2.48 % |
Twelve months ended 2024
|
| D s Annual Income by Country and Business Segments |
Income
(in millions $) |
%
(Profit Margin) |
| Total |
2,071.00 |
14.32 % |
Twelve months ended 2024
|
| Annual Revenue and Income Growth by Country and Business Segments |
% Y/Y Sales Growth |
% Y/Y Income Growth |
| Regulated Electric Sales Residential |
5.74 % |
- |
| Regulated Electric Sales Commercial |
2.7 % |
- |
| Regulated Electric Sales Industrial |
-4.74 % |
- |
| Regulated Electric Sales Government and Other Retail |
4.34 % |
- |
| Regulated Electric Sales Wholesale |
-22.73 % |
- |
| Nonregulated Electric Sales |
23.09 % |
- |
| Regulated Gas Sales Residential |
5.46 % |
- |
| Regulated Gas Sales Commercial |
-6.21 % |
- |
| Regulated Gas Sales Other |
-15.19 % |
- |
| Regulated Gas Transportation and Storage |
16.67 % |
- |
| Other Nonregulated |
15.17 % |
- |
| Virginia Electric and Power Company |
2.56 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Residential |
6.99 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Commercial |
4.24 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Industrial |
-2.5 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Government and Other Retail |
5.18 % |
- |
| Virginia Electric and Power Company Regulated Electric Sales Wholesale |
-9.48 % |
- |
| Virginia Electric and Power Company Nonregulated Electric Sales |
32.31 % |
- |
| Virginia Electric and Power Company Other Nonregulated |
-13.21 % |
- |
| Renewable Energy Investment Tax Credits |
-29.55 % |
- |
| Transition services agreements |
238.89 % |
- |
| Alternative Revenue Programs |
-20.37 % |
- |
| Virginia Electric and Power Company Renewable Energy Investment Tax Credits |
-58.62 % |
- |
| Virginia Electric and Power Company Alternative Revenue Programs |
-20.37 % |
- |
| Total |
0.46 % |
3.86 % |
| Other Regulated |
47.04 % |
- |
| Virginia Electric and Power Company Other Regulated |
50.84 % |
- |
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