Dominion Energy adds $1.8 billion to at-the-market stock offering program

Dominion Energy, Inc. (NYSE:D) announced Friday it has increased the maximum authorized amount for its at-the-market equity offering program, making up to $1.8 billion in common stock available for sale under its sales agency agreements. The company disclosed the update in a statement based on a filing with the Securities and Exchange Commission.

On Tuesday, Dominion Energy delivered notice to its existing sales agents and forward purchasers, including Barclays Capital, BMO Capital Markets, BofA Securities, Citigroup Global Markets, Goldman Sachs, J.P. Morgan Securities, Mizuho Securities, Morgan Stanley, RBC Capital Markets, Scotia Capital, Truist Securities, and Wells Fargo Securities, to increase the program’s capacity.

On Friday, the company entered into additional sales agency agreements with CIBC World Markets, MUFG Securities Americas, and TD Securities (USA), expanding the roster of institutions participating as sales agents and forward purchasers. Dominion Energy also amended its agreement with Goldman Sachs to provide for collared forward transactions, and may enter into similar amendments with other forward purchasers.

The at-the-market program allows Dominion Energy to issue and sell shares of its common stock from time to time through the participating sales agents. The company may also enter into forward sale agreements, in which forward purchasers borrow and sell shares to hedge their exposure. Under these agreements, Dominion Energy expects to receive proceeds upon the physical settlement of the forward sale agreements, though it may not receive proceeds if it elects cash or net share settlement.

Shares offered under the program will be issued pursuant to a registration statement on Form S-3 filed with the SEC on Friday, along with a related base prospectus and prospectus supplement. The aggregate offering amount of common stock under the program is capped at $1.8 billion.

This information is based on a press release statement and SEC filing by Dominion Energy, Inc.

In other recent news, Dominion Energy reported third-quarter 2025 adjusted earnings that slightly exceeded analyst expectations. The company also narrowed its full-year guidance range for 2025. These developments indicate a more focused financial outlook for Dominion Energy moving forward. Additionally, the company’s performance has been closely watched by investors, as earnings and revenue figures are crucial indicators of its financial health. The narrowing of the guidance range suggests that Dominion Energy is refining its projections, which could be seen as a sign of confidence in its future operations. Analysts and investors will likely continue to monitor these adjustments closely. These recent developments underscore the importance of staying informed about Dominion Energy’s financial strategies.

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