Time for Dominion Energy to Tell Investors More About Its Long-Term Plans
I have issues with the corporate review that Dominion Energy (NYSE: D) announced when it reported third-quarter 2022 earnings last year. One problem has gotten increasingly upsetting, as it speaks to a management team that in my view isn't thinking enough about its investors, of which I'm one (for now). I've been stuck waiting in an information void even though the company is already making big corporate changes. Here's what you need to know today.
Dominion Energy has been reshaping its business for a very long time. At one point in the company's history, it actually owned energy production assets. That was a while ago now, with the energy giant effectively looking to slim down to more contract-based, fee-focused, and regulated utility assets. A few years ago, it looked to me like the company was in a good position, with a combination of midstream assets, like pipelines, and regulated utilities, like electric and natural gas utilities.
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