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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2023
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | NOTE 27. QUARTERLY FINANCIAL DATA (UNAUDITED) A summary of the Companies’ quarterly results of operations for the years ended December 31, 2023 and 2022 are as 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) |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 3,883 |  |  | $ | 3,166 |  |  | $ | 3,810 |  |  | $ | 3,534 |
Income from continuing operations |  |  | 1,079 |  |  |  | 594 |  |  |  | 1,029 |  |  |  | 712 |
Net income from continuing operations including noncontrolling interests |  |  | 700 |  |  |  | 415 |  |  |  | 698 |  |  |  | 344 |
Net income (loss) from discontinued operations including noncontrolling interest |  |  | 281 |  |  |  | 168 |  |  |  | (541 | ) |  |  | (71 | )
Net income including noncontrolling interests |  |  | 981 |  |  |  | 583 |  |  |  | 157 |  |  |  | 273 |
Net income attributable to Dominion Energy |  |  | 981 |  |  |  | 583 |  |  |  | 157 |  |  |  | 273 |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.81 |  |  |  | 0.47 |  |  |  | 0.81 |  |  |  | 0.39 |
Net income (loss) from discontinued operations |  |  | 0.34 |  |  |  | 0.20 |  |  |  | (0.65 | ) |  |  | (0.09 | )
Net income attributable to Dominion Energy |  |  | 1.15 |  |  |  | 0.67 |  |  |  | 0.16 |  |  |  | 0.30 |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.81 |  |  |  | 0.47 |  |  |  | 0.81 |  |  |  | 0.39 |
Net income (loss) from discontinued operations |  |  | 0.34 |  |  |  | 0.20 |  |  |  | (0.65 | ) |  |  | (0.09 | )
Net income attributable to Dominion Energy |  |  | 1.15 |  |  |  | 0.67 |  |  |  | 0.16 |  |  |  | 0.30 |
Dividends declared per preferred share (Series A) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Dividends declared per preferred share (Series B) |  |  | 11.625 |  |  |  | 11.625 |  |  |  | 11.625 |  |  |  | 11.625 |
Dividends declared per preferred share (Series C) |  |  | 10.875 |  |  |  | 10.875 |  |  |  | 10.875 |  |  |  | 10.875 |
Dividends declared per common share |  |  | 0.6675 |  |  |  | 0.6675 |  |  |  | 0.6675 |  |  |  | 0.6675 |
2022 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 3,112 |  |  | $ | 3,058 |  |  | $ | 3,961 |  |  | $ | 3,807 |
Income (loss) from continuing operations |  |  | 643 |  |  |  | (461 | ) |  |  | 998 |  |  |  | 253 |
Net income (loss) from continuing operations including noncontrolling interests |  |  | 279 |  |  |  | (659 | ) |  |  | 585 |  |  |  | 222 |
Net income from discontinued operations including noncontrolling interest |  |  | 410 |  |  |  | 212 |  |  |  | 150 |  |  |  | 122 |
Net income (loss) including noncontrolling interests |  |  | 689 |  |  |  | (447 | ) |  |  | 735 |  |  |  | 344 |
Net income (loss) attributable to Dominion Energy |  |  | 689 |  |  |  | (447 | ) |  |  | 735 |  |  |  | 344 |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  |  | 0.32 |  |  |  | (0.84 | ) |  |  | 0.68 |  |  |  | 0.24 |
Net income from discontinued operations |  |  | 0.50 |  |  |  | 0.26 |  |  |  | 0.18 |  |  |  | 0.15 |
Net income (loss) attributable to Dominion Energy |  |  | 0.82 |  |  |  | (0.58 | ) |  |  | 0.86 |  |  |  | 0.39 |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income (loss) from continuing operations |  |  | 0.31 |  |  |  | (0.84 | ) |  |  | 0.68 |  |  |  | 0.24 |
Net income from discontinued operations |  |  | 0.50 |  |  |  | 0.26 |  |  |  | 0.18 |  |  |  | 0.15 |
Net income (loss) attributable to Dominion Energy |  |  | 0.81 |  |  |  | (0.58 | ) |  |  | 0.86 |  |  |  | 0.39 |
Dividends declared per preferred share (Series A) |  |  | 4.375 |  |  |  | 2.917 |  |  |  | — |  |  |  | — |
Dividends declared per preferred share (Series B) |  |  | 11.625 |  |  |  | 11.625 |  |  |  | 11.625 |  |  |  | 11.625 |
Dividends declared per preferred share (Series C) |  |  | 10.875 |  |  |  | 10.875 |  |  |  | 10.875 |  |  |  | 10.875 |
Dividends declared per common share |  |  | 0.6675 |  |  |  | 0.6675 |  |  |  | 0.6675 |  |  |  | 0.6675 |
Dominion Energy’s 2023 results include the impact of the following significant items: • Fourth quarter results include a $323 million after-tax charge for an impairment of certain goodwill associated with the East Ohio and Questar Gas Transactions. • Third quarter results include $939 million of charges reflecting the recognition of deferred taxes on the outside basis of stock associated with East Ohio, PSNC, Questar Gas and Wexpro meeting the classification as held for sale that will reverse when the sale is completed and a $348 million after-tax gain on the sale of Dominion Energy’s remaining noncontrolling interest in Cove Point. Dominion Energy’s 2022 results include the impact of the following significant items: • Fourth quarter results include a $633 million after-tax charge associated with the impairment of certain nonregulated solar generation facilities. • Second quarter results include a $513 million after-tax loss associated with the sale of Kewaunee, a $142 million after-tax charge in connection with a comprehensive settlement agreement for Virginia fuel expenses and a $134 million after-tax charge for RGGI compliance costs deemed recovered through base rates. Virginia Power
|  | First Quarter |  |  | Second Quarter |  |  | Third Quarter |  |  | Fourth Quarter |
(millions) |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 2,384 |  |  | $ | 2,252 |  |  | $ | 2,645 |  |  | $ | 2,292 |
Income from operations |  |  | 597 |  |  |  | 554 |  |  |  | 819 |  |  |  | 504 |
Net income |  |  | 355 |  |  |  | 334 |  |  |  | 475 |  |  |  | 288 |
2022 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 2,167 |  |  | $ | 2,176 |  |  | $ | 2,875 |  |  | $ | 2,436 |
Income from operations |  |  | 562 |  |  |  | 237 |  |  |  | 802 |  |  |  | 447 |
Net income |  |  | 336 |  |  |  | 42 |  |  |  | 516 |  |  |  | 218 |
Virginia Power’s 2022 results include the impact of the following significant items: • Second quarter results include a $142 million after-tax charge in connection with a comprehensive settlement agreement for Virginia fuel expenses and a $134 million after-tax charge for RGGI compliance costs deemed recovered through base rates.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 270 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1B -Publisher FASB -URI https://asc.fasb.org//1943274/2147482964/270-10-50-1B Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 270 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//270/tableOfContent + Details
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