Short answer
Dominion Energy (D) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $14.2B (+5.2% year over year) and net income of $2.1B.
- Top risk flagged: Foreign currency exchange rate risk on CVOW Commercial Project contracts with €1.1 billion notional hedged by foreign currency swaps as of Dec 31, 2024
FY2024 key financial metrics · XBRL
- Revenue
- $14.2B
- +5.2% YoY
- Net income
- $2.1B
- +6.5% YoY
- Operating margin
- 22.9%
- −2.4 pp YoY
- EPS (diluted)
- $2.44
- +6.6% YoY
- ROE
- 7.8%
- +0.6 pp YoY
- Operating cash flow
- $5.0B
- −23.6% YoY
Source: XBRL data from the Dominion Energy (D) FY2024 10-K on SEC EDGAR. USD.
Dominion Energy FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Integrated energy company focused on electric and gas utility services primarily through Virginia Electric and Power Company
- New emphasis in 2025: Execution of multiple Purchase and Sale Agreements with Enbridge subsidiaries and establishment of OSW Project LLC for offshore wind developments
- Strategic shift: Adoption of new and amended credit agreements incorporating sustainability structuring agents, signaling stronger focus on sustainable financing
- Notable metric: Increase in Virginia Power audit fees to $3.22 million in 2024 from $2.53 million in 2023 reflecting expanded auditing scope or complexity
- Unusual fact: Filing includes extensive series of supplemental indentures and amendments through 2024, indicating active refinancings and debt instrument updates
Management Discussion & Analysis
- Share repurchases 66,954 shares at average price $58.26, totaling about $3.9 million in Q4 FY2025
- Remaining authorized repurchase capacity $0.92 billion under $1.0 billion board-approved program since Nov 2020
- No public trading market for Virginia Power common stock, fully owned by Dominion Energy
- Virginia Power may pay cash dividends in 2025 with no mandatory or restricted requirements
- No revenue, profitability, or forward-looking guidance disclosed in this section
Risk Factors
- Foreign currency exchange rate risk on CVOW Commercial Project contracts with €1.1 billion notional hedged by foreign currency swaps as of Dec 31, 2024
- Commodity price risk causing $18 million fair value decrease in Dominion Energy’s commodity derivatives with 10% commodity price increase as of Dec 31, 2024
- Interest rate risk: $12 million earnings decrease for Dominion Energy from 10% interest rate hike on variable rate debt outstanding as of Dec 31, 2024
- Investment price risk on nuclear decommissioning and rabbi trust funds with $1.1 billion net investment gains recognized in 2024
- Concentration risk in interest rate derivatives: $10.8 billion notional outstanding for Dominion Energy as of Dec 31, 2024
Generated from the filing text; verify against the original. How to read a 10-K
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