Dominion Energy, Inc.

Welcome to the Dominion Energy Second Quarter 2026 Earnings Conference Call. At this time, each of your lines is in a listen-only mode. At the conclusion of today's presentation, we will open the floor for questions. Instructions will be given for the procedure to follow if you would like to ask a question. I would now like to turn the call over to David McFarland, Senior Vice President, Investor Relations and Treasurer.

Good morning and thank you for joining Dominion Energy's second quarter 2026 earnings call. Earnings materials, including today's prepared remarks, contain forward-looking statements and estimates that are subject to various risks and uncertainties. Please refer to our SEC filings, including our most recent annual report on Form 10-K and our quarterly reports on Form 10-Q, for a discussion of factors that may cause results to differ from management's estimates and expectations. This morning, we will discuss some measures of our company's performance that differ from those recognized by GAAP. Reconciliation of our non-GAAP measures to the most directly comparable GAAP financial measures, which we can calculate, are contained in the earnings release kit. I encourage you to visit our investor relations website to review webcast slides as well as the earnings release kit. Joining today's call are Bob Blue, Chair, President, and Chief Executive Officer, Steven Ridge, Executive Vice President and Chief Financial Officer, and other members of senior management.

I will now turn the call over to Steven. Thank you, David, and good morning, everyone. Since the conclusion of the business review almost two and a half years ago, we've remained steadfastly focused on three top priorities. First, consistent achievement of our financial commitments. Second, continued achievement of major construction milestones for the coastal Virginia offshore wind project. and third, constructive achievement of regulatory outcomes that demonstrate our ability to work cooperatively with regulators and stakeholders to benefit both customers and shareholders. As we'll discuss today, we continue to demonstrate success against these priorities, extending our track record of high quality and consistent execution. I'll cover financial results and demand trends in my remarks, then Bob will provide updates on the NextEra energy combination CVAO, regulatory results, and other business items. Turning first to second quarter results as shown on slide three. Second quarter operating earnings were 79 cents per share, which includes three cents of RNG 45Z credits. A summary of earnings drivers relative to the prior year period is included in schedule four of the earnings release kit. Second quarter gap results were 37 cents per share. A summary of all adjustments between operating and gap results is included in Schedule 2 of the Earnings Release Kit. Similar to last year, we've had a strong first half, which positions us well to deliver strong full-year results. Additionally, we are reaffirming all financial guidance provided on our fourth quarter earnings call, including operating earnings, credit, dividend, and long-term growth guidance. Turning to financing on slide four, we've now completed our common equity program for 2026, consistent with our ATM guidance on the fourth quarter call. Full year 2025 and Q2 LTM FFO to debt metrics are both above 15%, demonstrating our continuing commitment to our previously communicated credit-related targets. Turning briefly to sales, We're continuing to see strong sales in our service areas, driven by continued economic growth and data center expansion. Notably, nine of the DOM Zone's top 10 all-time peak days have occurred this year, including the eight highest summer peak days, which have all occurred in the last two months. We want to take a moment to acknowledge the outstanding work of our colleagues who have maintained exemplary system reliability in the face of record-setting demand and difficult weather conditions. Their commitment and dedication on behalf of our customers and communities is worthy of special recognition, even if most of them would tell you they were simply doing their job. Turning to data centers on slide five, We now have over 53 gigawatts of data center capacity in various stages of contracting, including approximately 12 gigawatts of capacity contracted under electric service agreements. To put that in context, we've added over 5 gigawatts of contracts, or roughly 11% since the end of last year. Since our last update, we continue to see robust and durable demand from our differentiated, high quality, low risk data center customers. Importantly, these customers consistently tell us that many of their highest value workloads need to be built and need to stay in Virginia because of the unique network density, connectivity, and ecosystem advantages that have made Virginia the world's leading data center market. And we're bringing those customers onto our system in the right way. protecting existing customers from cost shifts while mitigating stranded cost risk by utilizing a large load framework that ensures these customers pay their fair share of the investments required to support their growth. In closing, we've had a strong first half of the year, and I'm highly confident in our ability to deliver on our financial commitments, including our 2026 operating EPS and credit targets. Our financial plan strikes the right balance of appropriately conservative, but not unreasonably so. And with that, I'll turn the call over to Bob.