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Quarterly Financial Data (Unaudited) (Tables)
12 Months Ended
Dec. 31, 2019
Quarterly Financial Data
A summary of the Companies’ quarterly results of operations for the years ended December 31, 2019 and 2018 follows. Amounts reflect all adjustments necessary in the opinion of management for a fair statement of the results for the interim periods. Results for interim periods may fluctuate as a result of weather conditions, changes in rates and other factors.
Dominion Energy
                                 
 
First
Quarter
   
Second
Quarter
   
Third
Quarter
   
Fourth
Quarter
 
(millions)
 
 
 
   
   
 
2019
 
 
 
   
     
     
 
Operating revenue
 
$
3,858
 
 
$
3,970
 
 
$
4,269
 
 
$
4,475
 
Income (loss) from operations
 
 
(482
)
 
 
461
 
 
 
1,314
 
 
 
1,221
 
Net income (loss) including noncontrolling interests
 
 
(677
)
 
 
58
 
 
 
985
 
 
 
1,010
 
Net income (loss) attributable to Dominion Energy
 
 
(680
)
 
 
54
 
 
 
975
 
 
 
1,009
 
Basic EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Dominion Energy
 
 
(0.86
)
 
 
0.07
 
 
 
1.19
 
 
 
1.22
 
Diluted EPS:
 
 
 
 
 
 
 
 
 
 
 
 
Net income (loss) attributable to Dominion Energy
 
 
(0.86
)
 
 
0.05
 
 
 
1.17
 
 
 
1.21
 
Dividends per share (Series A Preferred Stock)
 
 
 
 
 
0.729
 
 
 
4.375
 
 
 
4.375
 
Dividends per share (Series B Preferred Stock)
 
 
 
 
 
 
 
 
 
 
 
1.9375
 
Dividends declared per common share
 
 
0.9175
 
 
 
0.9175
 
 
 
0.9175
 
 
 
0.9175
 
2018
 
 
 
   
     
     
 
Operating revenue
  $
3,466
    $
3,088
    $
3,451
    $
3,361
 
Income from operations
   
875
     
742
     
1,150
     
834
 
Net income including noncontrolling interests
   
526
     
478
     
883
     
662
 
Net income attributable to Dominion Energy
   
503
     
449
     
854
     
641
 
Basic EPS:
   
     
     
     
 
Net income attributable to Dominion Energy
   
0.77
     
0.69
     
1.31
     
0.97
 
Diluted EPS:
   
     
     
     
 
Net income attributable to Dominion Energy
   
0.77
     
0.69
     
1.30
     
0.97
 
Dividends declared per common share
   
0.835
     
0.835
     
0.835
     
0.835
 
 
 
 
 
 
 
 
 
Virginia Electric and Power Company  
Quarterly Financial Data
Virginia Power’s quarterly results of operations were as follows:
                                 
 
First
Quarter
   
Second
Quarter
   
Third
Quarter
   
Fourth
Quarter
 
(millions)
 
 
 
   
   
 
                                 
2019
 
 
 
   
     
     
 
Operating revenue
 
$
1,965
 
 
$
1,938
 
 
$
2,264
 
 
$
1,941
 
Income from operations
 
 
122
 
 
 
238
 
 
 
820
 
 
 
659
 
Net income
 
 
20
 
 
 
100
 
 
 
602
 
 
 
427
 
2018
 
 
 
   
     
     
 
Operating revenue
  $
1,748
    $
1,829
    $
2,232
    $
1,810
 
Income from operations
   
364
     
533
     
756
     
418
 
Net income
   
184
     
339
     
520
     
239
 
 
 
 
 
 
 
 
 
Dominion Energy Gas Holdings, LLC  
Quarterly Financial Data
Dominion Energy Gas’ quarterly results of operations were as follows:
                                 
 
First
Quarter
   
Second
Quarter
   
Third
Quarter
   
Fourth
Quarter
 
(millions)
 
 
 
   
   
 
2019
 
 
 
   
     
     
 
Operating revenue
 
 
$566
 
 
 
$530
 
 
 
$502
 
 
 
$571
 
Income from continuing operations
 
 
247
 
 
 
179
 
 
 
202
 
 
 
276
 
Net income from continuing operations
 
 
172
 
 
 
123
 
 
 
130
 
 
 
276
 
Net income from discontinued operations
 
 
54
 
 
 
26
 
 
 
45
 
 
 
16
 
Net income including noncontrolling interests
 
 
226
 
 
 
149
 
 
 
175
 
 
 
292
 
Net income attributable to
Dominion Energy Gas
 
190
 
 
119
 
 
151
 
 
261
 
2018
 
 
 
   
     
     
 
Operating revenue
   
$389
     
$508
     
$533
     
$566
 
Income from continuing operations
   
167
     
90
     
302
     
228
 
Net income from continuing operations
   
157
     
84
     
209
     
182
 
Net income (loss) from discontinued operations
   
56
     
45
     
33
     
(110
)
Net income including noncontrolling interests
 
 
213
 
 
 
129
 
 
 
242
 
 
 
72
 
Net income attributable to Dominion Energy Gas
   
180
     
83
     
191
     
27