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Earnings Per Share (Tables)
 9 Months Ended
Sep. 30, 2024
Earnings Per Share [Abstract]  
Earnings Per Share Computation

The following table presents the calculation of Dominion Energy’s basic and diluted EPS:

 

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended September 30,

 

2024

 

 

2023

 

 

2024

 

 

2023

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy from
   continuing operations

 

$

967

 

 

$

698

 

 

$

2,018

 

 

$

1,813

 

Preferred stock dividends (see Note 16)

 

 

(15

)

 

 

(20

)

 

 

(54

)

 

 

(60

)

Preferred stock deemed dividends (see Note 16)

 

 

—

 

 

 

—

 

 

 

(9

)

 

 

—

 

Net income attributable to Dominion Energy from
   continuing operations - Basic & Diluted

 

 

952

 

 

 

678

 

 

$

1,955

 

 

$

1,753

 

Net income (loss) attributable to Dominion Energy from
   discontinued operations - Basic & Diluted

 

$

(13

)

 

$

(541

)

 

$

182

 

 

$

(92

)

Average shares of common stock outstanding - Basic

 

 

839.0

 

 

 

836.8

 

 

 

838.3

 

 

 

836.0

 

Net effect of dilutive securities(1)

 

 

0.3

 

 

 

—

 

 

 

0.1

 

 

 

0.2

 

Average shares of common stock outstanding - Diluted

 

 

839.3

 

 

 

836.8

 

 

 

838.4

 

 

 

836.2

 

EPS from continuing operations - Basic

 

$

1.14

 

 

$

0.81

 

 

$

2.33

 

 

$

2.10

 

EPS from discontinued operations - Basic

 

 

(0.02

)

 

 

(0.65

)

 

$

0.22

 

 

 

(0.11

)

EPS attributable to Dominion Energy - Basic

 

$

1.12

 

 

$

0.16

 

 

$

2.55

 

 

$

1.99

 

EPS from continuing operations - Diluted

 

$

1.14

 

 

$

0.81

 

 

$

2.33

 

 

$

2.10

 

EPS from discontinued operations - Diluted

 

 

(0.02

)

 

 

(0.65

)

 

$

0.22

 

 

 

(0.11

)

EPS attributable to Dominion Energy - Diluted

 

$

1.12

 

 

$

0.16

 

 

$

2.55

 

 

$

1.99

 
(1)
Dilutive securities for the three and nine months ended September 30, 2024 consists of certain of the forward sales agreements entered into in the second and third quarters of 2024 (applying the treasury stock method). Dilutive securities for the nine months ended September 30, 2023 include stock potentially to be issued to satisfy the obligation under a settlement agreement with the SCDOR (applying the if converted method). See Notes 16 and 17 for additional information.