Real-Time BNB Signal Analytics
Real-Time BNB Signal Analytics
Alright, let's get this straight. Dominion Energy's slinging out a dividend of $0.6675. Big deal. The yield's "fairly typical" at 4.5%, they say. Like that's supposed to make me forget the last time I paid my electric bill.
"Solid earnings coverage," my ass. They're paying out a "fairly large proportion of earnings," and they ain't generating positive free cash flow. Anyone with half a brain can see that's unsustainable. It's like building a house of cards in a hurricane. Sure, it looks pretty for a second, but...
And get this, next year EPS is supposed to grow by 31.2%. Okay, maybe. But supposed to? Who the hell knows what's gonna happen next year? We're talking about the energy market, not a goddamn lemonade stand. What if there's a freak ice storm? What if a solar flare fries half the grid? Are they factoring that in? I doubt it.
Dividend "volatility," they call it. I call it a history of screwing over investors. At least one cut in the last 10 years. A whole 1.1% yearly growth since 2015. Seriously? My savings account does better than that, and it's buried in my backyard.
It's hard to live on a dividend income if the company's earnings are not consistent, the article states. Ya don't say?
And then there's the Charybdis. Oh, the Charybdis. That $715 million boondoggle of a wind turbine installation vessel. "Strategic advantage," they said. "Enhanced schedule certainty," they promised. Instead, it's a damn boatload of delays and cost overruns. Dominion Energy Confirms Commissioning Delays on WTIV Charybdis
"I am extremely disappointed that Charybdis has again not met expectations… we failed to deliver regarding Charybdis," says CEO Robert Blue. You think? Maybe instead of patting themselves on the back for building the "first American-made Jones Act-compliant WTIV," they should have, I don't know, made sure the damn thing worked?
200 crewmembers and marine electricians working on the ship, doing additional surveys. 4,000 inspections across 69 electrical systems, including 1,400 cable inspections. Sounds like a real smooth operation. Maybe they should have hired some actual electricians in Texas instead of whatever they did.
But hey, at least the monopiles are installed. And most of the transition pieces. And the second substation jacket. It's all coming together...eventually. First power is still "on schedule" for five months from now.
Oh, and let's not forget the feel-good story about Dominion Energy partnering with the Piedmont Agency on Aging. Energy Assistance Day! How nice. Helping seniors access "essential assistance information." Because nothing says "caring" like making people fill out a bunch of confusing forms to get a few bucks off their bill.
Don't get me wrong, I'm not saying it's a bad thing. It's just... it feels like a drop in the bucket compared to the billions they're raking in. And let's be real, how many seniors are actually going to navigate those online forms?
Look, I'm not a financial advisor. And maybe I'm just being a cynical jerk. But something about this whole situation smells fishy. A shaky dividend, a troubled wind project, and a PR campaign designed to make it all seem sunshine and rainbows. It all feels like a house of cards waiting to collapse. And when it does, guess who's gonna get stuck holding the bag?
The average Joe, offcourse.
Dominion Energy wants you to believe they're a reliable, forward-thinking company that cares about its investors and its community. But the numbers don't lie. The dividend's unsustainable, the wind project's a mess, and the "assistance" programs are just window dressing. So, what's the real story? It's the same old story: corporate greed, broken promises, and a whole lot of hot air.
