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Dominion Energy, Inc. (NYSE:D) is one of the utility stocks riding the 2026 “Reliability Shock.”
The latest relevant development came on May 1, 2026, when Dominion Energy, Inc. (NYSE:D) beat Wall Street’s first-quarter profit estimates as higher power demand in Virginia lifted results. Reuters reported that Dominion’s Virginia segment adjusted operating earnings rose 19.4% to $670 million in the quarter, while quarterly revenue increased to $5.02 billion from $4.08 billion a year earlier, topping analysts’ average estimate of $4.51 billion. The company also reported adjusted earnings of $0.95 per share, above the $0.91 per-share estimate, and affirmed its full-year 2026 operating earnings guidance range of $3.45 to $3.69 per share.
The data-center angle is the real reason Dominion fits the reliability-shock theme. Reuters said Dominion had contracted nearly 51 gigawatts of data-center capacity as of March 2026, up 2.5 GW from December. The company’s Virginia utility serves what it calls the world’s largest data-center cluster, with more capacity than the next four largest global clusters combined. That gives Dominion direct exposure to the grid strain created by AI and cloud computing demand, even when customer names are not always publicly disclosed.
Dominion Energy, Inc. (NYSE:D) is a Richmond, Virginia-based utility company serving electric and natural gas customers in Virginia, South Carolina, North Carolina, and other markets.
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