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Dominion Energy10-K: Margin pressure

Recorded over $361M in charges for unrecoverable costs on its CVOW offshore wind project

What happened

The company took significant financial hits, including a $103M charge in Q4 2024 and a $258M charge in 2025, due to escalating costs on its key offshore wind project. This indicates severe pressure to improve project management and cost controls.

Source

SEC EDGARFeb 23, 2026

Annual report (Form 10-K)

Dominion Energy 10-K for FY2025

Filing excerpt

In 2025, Dominion Energy recorded a net $258 million ($192 million after-tax) of charges for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project...

sec.gov/Archives/edgar/data/103682/000119312526063120/d-20251231.htmRead the full source

Other signals in this filing (11)

Extracted by Autobound

From the Signal API record
Signal
10-K: Margin pressure

What this signalsFilings often name leadership changes, deals and spending plans.

Period
FY2025
Fiscal year end
12/31
Filed
Feb 23, 2026

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The full record

From the Signal API record

Numbers

Dollar figure
$361M (Total charges for unrecoverable costs on the CVOW project in 2024-2025)

Details

CIK
103682
Accession number
0001193125-26-063120
Timeframe
Multi year
Filing year
2026
Why it matters
Efficiency tools needed
Signal category
Financial

Topics and mentions

Technologies

  • offshore wind

Vendors

  • PJM
  • Stonepeak

Regions named

  • Virginia

Extraction

Confidence
High
Relevance
100%
Sentiment
Negative
Detected
Feb 24, 2026
signal_type
sec-10k
signal_subtype
marginPressure

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This page shows a preview. The full sec-10k record in the Signal API and MCP can also have these 8 fields. Some fields are empty for some signals.

Company

  • linkedin_urlValue in the API
  • industriesValue in the API
  • employee_count_lowValue in the API
  • employee_count_highValue in the API
  • revenueValue in the API
  • descriptionValue in the API

Signal

  • signal_nameValue in the API
  • associationValue in the API
Show the full JSONThe record on this page and the API request

GET /v1/signals/37d3fea0-2de6-4928-9155-b06cc9d42556 returns this record as JSON. POST /v1/companies/enrich returns every signal for dominionenergy.com.

{
  "signal_id": "37d3fea0-2de6-4928-9155-b06cc9d42556",
  "signal_type": "sec-10k",
  "signal_subtype": "marginPressure",
  "detected_at": "2026-02-24T09:21:41.004+00:00",
  "company": {
    "name": "Dominion Energy",
    "domain": "dominionenergy.com"
  },
  "data": {
    "detail": "The company took significant financial hits, including a $103M charge in Q4 2024 and a $258M charge in 2025, due to escalating costs on its key offshore wind project. This indicates severe pressure to improve project management and cost controls.",
    "metrics": {
      "timeframe": "multi_year",
      "dollar_context": "Total charges for unrecoverable costs on the CVOW project in 2024-2025",
      "dollar_millions": 361
    },
    "summary": "Recorded over $361M in charges for unrecoverable costs on its CVOW offshore wind project",
    "excerpts": "In 2025, Dominion Energy recorded a net $258 million ($192 million after-tax) of charges for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project...",
    "relevance": 1,
    "sentiment": "negative",
    "confidence": "high",
    "source_url": "https://www.sec.gov/Archives/edgar/data/103682/000119312526063120/d-20251231.htm",
    "filing_date": "2026-02-23",
    "filing_year": 2026,
    "fiscal_year_end": "12/31",
    "sales_relevance": "Efficiency tools needed",
    "signal_category": "financial",
    "regions_mentioned": [
      "Virginia"
    ],
    "vendors_mentioned": [
      "PJM",
      "Stonepeak"
    ],
    "technologies_mentioned": [
      "offshore wind"
    ]
  }
}

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