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Benzinga
Benzinga
Business
Lekha Gupta

Dominion Energy Says AI Boom Is Fueling Unprecedented Power Demand Across Virginia

Dominion Dominion Energy Virginia Data Center NYSE NextEra Electricity NEE NextEra Energy
Dominion Energy building

Dominion Energy Inc. (NYSE:D) reported better-than-expected second-quarter results on Friday and reaffirmed its full-year 2026 earnings guidance as electricity demand and data center growth continued to support its outlook.

Adjusted earnings were 79 cents per share, topping the analyst consensus estimate of 68 cents. Revenue rose to $4.48 billion, exceeding the Street estimate of $4.04 billion. Adjusted earnings included a 3-cent-per-share benefit from renewable natural gas 45Z tax credits.

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