DOMINION ENERGY, INC（D）の決算・業績分析
DOMINION ENERGY, INCの2025年有価証券報告書をAI分析。売上高$16.5B(+16.5%)。営業利益$4.4B。Utilities。
目次
DOMINION ENERGY, INCの2025年度 業績サマリー
DOMINION ENERGY, INC（証券コード: D）の2025年度決算・業績分析。売上高は$16.5B（前年比+16.5%）。営業利益は$4.4B（前年比+35.9%）。純利益は$3.0B（前年比+41.1%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
DOMINION ENERGY, INCの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Revenue surged 24.8% YoY to $14.6B (XBRL), but operating income fell 27.5% YoY to $1.4B (XBRL).
- Net income declined 65.0% YoY to $1.2B (XBRL), with net margin dropping to 8.2% (XBRL).
- Free cash flow turned negative at $-3.0B (XBRL), while net debt rose to $39.1B (10.1x EBITDA) (XBRL).
- Equity ratio remains low at 25.3% (XBRL), with debt-to-equity ratio at 2.96x (XBRL).
DOMINION ENERGY, INCの売上高変化の要因
- •Revenue grew 24.8% YoY to $14.6B (XBRL), reversing a 2023 decline to $11.7B (Historical Time Series). The 5-year revenue CAGR is +4.4% (XBRL). However, segment-specific revenue and operating income data are not available in the provided data (N/A). The East Ohio Transaction (2024) contributed $4.3B to revenue (10-K), though segment breakdowns are not disclosed.
DOMINION ENERGY, INCの営業利益変化の要因
- •Operating margin declined to 9.9% (XBRL) from prior years, with operating income falling 27.5% YoY to $1.4B (XBRL). Net margin dropped to 8.2% (XBRL), with net income down 65.0% YoY to $1.2B (XBRL). The 5-year net income CAGR is -4.3% (XBRL), reflecting volatility in operating income (Historical Time Series: $2.4B in 2020 to $1.2B in 2024).
DOMINION ENERGY, INCの事業リスクと対応
Regulatory risks from rate approvals and potential decreases affecting profitability (10-K).
FERC policy changes impacting wholesale market design and revenue calculations (10-K).
Virginia's biennial rate reviews and possible refunds to customers (10-K).
State utility commissions limiting cost recovery or imposing rate moratoriums (10-K).
FERC market manipulation rules with potential penalties for non-compliance (10-K).
April 2024 FERC order altering PJM's capacity market rules, reducing eligible capacity (10-K).
DOMINION ENERGY, INCの今後の見通し・業績予想
DOMINION ENERGY, INCの事業内容
Dominion Energy operates as a regulated electric utility provider, serving ~4.1 million customers in Virginia, North Carolina, and South Carolina, while also developing renewable energy projects like offshore wind and solar (10-K). Its revenue model combines electricity sales, long-term contracted generation operations, and asset sales (e.g., $4.3B from East Ohio Transaction) (10-K). Key segments include regulated electric utilities (Virginia Power), long-term contracted generation, and renewable energy development (10-K). Competitive advantages include leadership in offshore wind, largest carbon-free electricity producer in New England, and a $50B capital plan for zero-carbon generation (10-K).
DOMINION ENERGY, INCのAI業績分析レポート（2024年度）
Dominion Energy, Inc. (D) FY2024 Annual Report Analysis
Highlights
Business Overview
Dominion Energy operates as a regulated electric utility provider, serving ~4.1 million customers in Virginia, North Carolina, and South Carolina, while also developing renewable energy projects like offshore wind and solar (10-K). Its revenue model combines electricity sales, long-term contracted generation operations, and asset sales (e.g., $4.3B from East Ohio Transaction) (10-K). Key segments include regulated electric utilities (Virginia Power), long-term contracted generation, and renewable energy development (10-K). Competitive advantages include leadership in offshore wind, largest carbon-free electricity producer in New England, and a $50B capital plan for zero-carbon generation (10-K).
Revenue Analysis
Revenue grew 24.8% YoY to $14.6B (XBRL), reversing a 2023 decline to $11.7B (Historical Time Series). The 5-year revenue CAGR is +4.4% (XBRL). However, segment-specific revenue and operating income data are not available in the provided data (N/A). The East Ohio Transaction (2024) contributed $4.3B to revenue (10-K), though segment breakdowns are not disclosed.
Profitability Analysis
Operating margin declined to 9.9% (XBRL) from prior years, with operating income falling 27.5% YoY to $1.4B (XBRL). Net margin dropped to 8.2% (XBRL), with net income down 65.0% YoY to $1.2B (XBRL). The 5-year net income CAGR is -4.3% (XBRL), reflecting volatility in operating income (Historical Time Series: $2.4B in 2020 to $1.2B in 2024).
Balance Sheet Analysis
Equity ratio is 25.3% (XBRL), with total equity declining from $32.0B in 2020 to $26.9B in 2025 (Historical Time Series). Long-term debt is $39.3B (XBRL), resulting in net debt of $39.1B (10.1x EBITDA) (XBRL). Current ratio is 1.04x (XBRL), indicating tight liquidity. Cash balances are low at $184M (XBRL).
Cash Flow Analysis
Operating cash flow decreased 22.5% YoY to $3.7B (XBRL), while free cash flow turned negative at $-3.0B (XBRL). Investing cash flow was -$6.7B (XBRL), likely reflecting capital expenditures. Financing cash flow was $3.0B (XBRL), driven by $2.2B in dividends paid (XBRL). Depreciation and amortization totaled $2.4B (XBRL).
Working Capital Analysis
Receivables Days: 56 days (XBRL); Payables Days: 23 days (XBRL); Asset Turnover: 0.13x (XBRL). No data on inventory or cash conversion cycle (N/A).
Risks
Outlook
Management highlights a $50B capital plan for zero-carbon generation and grid resilience (10-K). The 2024 revenue increase reflects the East Ohio Transaction (10-K), though long-term profitability faces challenges from regulatory and market risks (10-K).
Utilitiesの企業一覧
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