Dominion Energy Inc (D · NYSE)

Dominion Energy trades at $63.58, down 4.8% over the past month and 10.4% below its 52-week high, as the pending ~$67 billion all-stock merger with NextEra Energy dominates the narrative; the companies recently expanded their Virginia merger benefits package to $66.8 billion with two additional years of residential bill credits. Q2 revenue fell to $4.56B from $5.14B in Q1, though earnings of $0.79 beat estimates by 8.2%, marking a third beat in the last four quarters. The balance sheet carries $53.42B in total debt at 6.4x EBITDA, and free cash flow was negative $1.20B last quarter as capex of $2.78B outpaced $1.57B in operating cash flow. Revenue grew 17.6% year over year while earnings fell 58.0%, and the stock sits 2.5% below its 20-day SMA with an RSI of 41.