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Quarterly Financial Data (Unaudited) | 12 Months Ended
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Dec. 31, 2024
Quarterly Financial Information Disclosure [Abstract] |
Quarterly Financial Data (Unaudited) | NOTE 27. QUARTERLY FINANCIAL DATA (UNAUDITED) A summary of Dominion Energy’s quarterly results of operations for the years ended December 31, 2024 and 2023 is 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) |  |  |  |  |  |  |  |  |  |  |  |
2024 |  |  |  |  |  |  |  |  |  |  |  |
Operating revenue |  | $ | 3,632 |  |  | $ | 3,486 |  |  | $ | 3,941 |  |  | $ | 3,400 |
Income from continuing operations |  |  | 833 |  |  |  | 805 |  |  |  | 1,218 |  |  |  | 391 |
Net income from continuing operations including noncontrolling interests |  |  | 323 |  |  |  | 483 |  |  |  | 973 |  |  |  | 95 |
Net income (loss) from discontinued operations including noncontrolling interest |  |  | 118 |  |  |  | 97 |  |  |  | (15 | ) |  |  | (3 | )
Net income including noncontrolling interests |  |  | 441 |  |  |  | 580 |  |  |  | 958 |  |  |  | 92 |
Noncontrolling interests |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (53 | )
Net income attributable to Dominion Energy |  |  | 441 |  |  |  | 580 |  |  |  | 958 |  |  |  | 145 |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.36 |  |  |  | 0.54 |  |  |  | 1.14 |  |  |  | 0.15 |
Net income (loss) from discontinued operations |  |  | 0.14 |  |  |  | 0.12 |  |  |  | (0.02 | ) |  |  | — |
Net income attributable to Dominion Energy |  |  | 0.50 |  |  |  | 0.66 |  |  |  | 1.12 |  |  |  | 0.15 |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.36 |  |  |  | 0.54 |  |  |  | 1.14 |  |  |  | 0.15 |
Net income (loss) from discontinued operations |  |  | 0.14 |  |  |  | 0.12 |  |  |  | (0.02 | ) |  |  | — |
Net income attributable to Dominion Energy |  |  | 0.50 |  |  |  | 0.66 |  |  |  | 1.12 |  |  |  | 0.15 |
Dividends declared per preferred share (Series B)(1) |  |  | 11.625 |  |  |  | 9.922 |  |  |  | 11.625 |  |  |  | 9.688 |
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 |
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 |  |  | 691 |  |  |  | 407 |  |  |  | 694 |  |  |  | 364 |
Net income (loss) from discontinued operations including noncontrolling interest |  |  | 281 |  |  |  | 168 |  |  |  | (541 | ) |  |  | (33 | )
Net income including noncontrolling interests |  |  | 972 |  |  |  | 575 |  |  |  | 153 |  |  |  | 331 |
Net income attributable to Dominion Energy |  |  | 972 |  |  |  | 575 |  |  |  | 153 |  |  |  | 331 |
Basic EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.80 |  |  |  | 0.46 |  |  |  | 0.81 |  |  |  | 0.41 |
Net income (loss) from discontinued operations |  |  | 0.34 |  |  |  | 0.20 |  |  |  | (0.65 | ) |  |  | (0.04 | )
Net income attributable to Dominion Energy |  |  | 1.14 |  |  |  | 0.66 |  |  |  | 0.16 |  |  |  | 0.37 |
Diluted EPS: |  |  |  |  |  |  |  |  |  |  |  |
Net income from continuing operations |  |  | 0.80 |  |  |  | 0.46 |  |  |  | 0.81 |  |  |  | 0.41 |
Net income (loss) from discontinued operations |  |  | 0.34 |  |  |  | 0.20 |  |  |  | (0.65 | ) |  |  | (0.04 | )
Net income attributable to Dominion Energy |  |  | 1.14 |  |  |  | 0.66 |  |  |  | 0.16 |  |  |  | 0.37 |
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 |
(1) See Note 19 for a discussion of repurchases and redemptions during the second and fourth quarters. Dominion Energy’s 2024 results include the impact of the following significant items: • First quarter results include $238 million of after-tax losses from lower market related impacts on pension and other postretirement plans and a $108 million after-tax loss on the closing of the East Ohio Transaction, offset by $202 million of after-tax gains related to investments in nuclear decommissioning trust funds. • Third quarter results include $132 million of after-tax gains related to investments in nuclear decommissioning trust funds and $103 million of after-tax gains related to the mark-to-market impact of economic hedging activities. • Fourth quarter results include $93 million of after-tax losses related to the mark-to-market impact of economic hedging activities and a $77 million after-tax charge for Virginia Power’s share of costs not expected to be recovered from customers on the CVOW Commercial Project. Dominion Energy’s 2023 results include the impact of the following significant items: • Fourth quarter results include a $275 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.

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