Dominion Energy reported stronger-than-expected financial results for the second quarter, driven by increased demand from data center customers in Northern Virginia. The electric utility, which serves a key data center region, saw adjusted operating earnings from its Virginia segment rise 22 percent to $670 million.

Quarterly revenue climbed to $4.48 billion, up from $3.81 billion in the same period last year, surpassing analysts’ consensus estimate of $4.04 billion, based on data compiled by LSEG. Despite the revenue gain, the company’s overall operating expenses increased significantly to $4.15 billion, compared with $2.71 billion a year earlier.

Dominion cited the expanding energy needs of server farms, which now exceed 50 gigawatts, as a primary factor supporting revenue growth. The company supplies electricity to approximately 3.6 million customers across Virginia, North Carolina, and South Carolina, and provides natural gas services to around 500,000 customers in South Carolina.

In May, Dominion announced a $66.8 billion merger agreement with NextEra Energy, a move that has drawn attention in the energy sector for its potential to reshape regional utilities in the eastern United States. The recent quarterly results underscore Dominion’s continued growth amid rising operating costs and evolving energy demands related to data center expansion.