Dominion Energy, Inc.
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Dominion Energy, Inc. - overview
Established
1983
Location
Richmond, VA, US
Primary Industry
Power & Utilities
About
Dominion Energy, Inc. is a U. S. energy company specializing in the distribution of electricity and natural gas, committed to providing reliable energy solutions and advancing renewable energy initiatives.
Dominion Energy, Inc. , founded in 1983, operates primarily in the U. S. as an energy services provider.
The company is headquartered in Richmond, Virginia. It was established by a group of individuals including Diana Chuong and Joseph Villanueva, among others. It has evolved its business strategy to include significant investments in renewable energy and efficiency programs. Dominion Energy provides a comprehensive range of energy services, primarily focusing on electricity and natural gas distribution.
The company’s core offerings include residential and commercial energy solutions designed to enhance energy efficiency and reduce costs for consumers. Key products include energy-efficient home improvements, rebates on appliances, and various assistance programs for qualifying customers, such as those with medical conditions or low income. Additionally, Dominion Energy plays a significant role in renewable energy initiatives, offering solar programs and electric vehicle solutions to support a cleaner energy future. The company serves a diverse client base across multiple states, including Virginia, North Carolina, and South Carolina, catering to both residential users and business clients in these geographical markets.
In 2024, Dominion Energy reported a revenue of USD 10. 24 bn, with an EBITDA of USD 4. 72 bn. The company generates revenue primarily through the sale of energy services to residential and commercial customers, operating under a regulated rate structure, where pricing is determined based on state-approved rates for electricity and natural gas.
Transactions typically occur on a direct-to-consumer basis, with customers billed monthly for their energy usage. The revenue model includes various billing options, such as budget billing and paperless billing, ensuring flexibility for clients. Additionally, Dominion Energy may engage in partnerships related to energy efficiency programs, which facilitate further revenue growth through collaborative initiatives. The company’s flagship products encompass energy assistance programs, home energy audits, and the Dominion Energy app, all designed to provide value to its clients while supporting their energy needs.
Primary Industry
Power & Utilities
Sub Industries
Oil & Gas Transportation, Oil & Gas Exploration and Production, Natural Gas Utilities, Electric Utilities, Wind Power, Solar Power, Software
Website
www.dominionenergy.com
Verticals
Clean Technology, Manufacturing, Mobile Apps
Total Amount Raised
Subscriber access only
Dominion Energy, Inc. - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 12,436,000,000 | 11,683,000,000 | 11,737,000,000 | 12,586,000,000 | 13,366,000,000 | 16,572,000,000 | 14,172,000,000 | 13,964,000,000 | 17,174,000,000 | - | - | - |
| % Revenue Growth (YoY) | - | (6.1%) | 0.5% | 7.2% | 6.2% | 24.0% | (14.5%) | (1.5%) | 23.0% | - | - | - |
| EBITDA (USD) | 4,281,000,000 | 5,205,000,000 | 5,476,000,000 | 6,332,000,000 | 5,881,000,000 | 5,491,000,000 | 4,891,000,000 | 5,787,000,000 | 4,709,000,000 | - | - | - |
| Operating Income (USD) | 2,721,000,000 | 3,536,000,000 | 3,627,000,000 | 4,130,000,000 | 3,601,000,000 | 2,514,000,000 | 2,055,000,000 | 3,019,000,000 | 1,596,000,000 | - | - | - |
| Operating Margin | 21.9% | 30.3% | 30.9% | 32.8% | 26.9% | 15.2% | 14.5% | 21.6% | 9.3% | - | - | - |
| % EBITDA Margin | 34.4% | 44.6% | 46.7% | 50.3% | 44.0% | 33.1% | 34.5% | 41.4% | 27.4% | - | - | - |
| NET Income (USD) | 1,326,000,000 | 1,923,000,000 | 2,212,000,000 | 3,120,000,000 | 2,549,000,000 | 1,376,000,000 | (550,000,000) | 3,314,000,000 | 994,000,000 | - | - | - |
| % Net Margin | 10.7% | 16.5% | 18.8% | 24.8% | 19.1% | 8.3% | (3.9%) | 23.7% | 5.8% | - | - | - |
Dominion Energy, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Buyout | Completed | Blue Racer Midstream, LLC | - |
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Dominion Energy, Inc. - key contacts
| Name | Position | Start Date | End Date | Vcard | Bio | ||
|---|---|---|---|---|---|---|---|
| President, COO and Board Member | BM | ||||||
| Chairman Operations Review Board | BM |
BM Board Member
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