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Earnings Per Share (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Earnings Per Share Computation

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

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy

$

854

 

 

$

665

 

 

$

1,806

 

 

$

1,687

 

Average shares of common stock outstanding – Basic

 

653.9

 

 

 

642.5

 

 

 

652.4

 

 

 

633.4

 

Net effect of dilutive securities

 

1.0

 

 

 

 

 

 

0.4

 

 

 

 

Average shares of common stock outstanding – Diluted

 

654.9

 

 

 

642.5

 

 

 

652.8

 

 

 

633.4

 

Earnings Per Common Share – Basic

$

1.31

 

 

$

1.03

 

 

$

2.77

 

 

$

2.66

 

Earnings Per Common Share – Diluted

$

1.30

 

 

$

1.03

 

 

$

2.77

 

 

$

2.66

 

 

Dilutive securities consist primarily of forward sales agreements, effective April 2018. See Note 15 for more information regarding the forward sales agreements. In calculating the diluted EPS in connection with the forward sales agreements, Dominion Energy applies the treasury stock method.