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Earnings Per Share
 9 Months Ended
Sep. 30, 2025
Earnings Per Share [Abstract]  
Earnings Per Share

Note 6. Earnings Per Share

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

 

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended September 30,

 

2025

 

 

2024

 

 

2025

 

 

2024

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy from continuing operations

 

$

1,006

 

 

$

949

 

 

$

2,431

 

 

$

1,700

 

Preferred stock dividends (see Note 16)

 

 

(11

)

 

 

(15

)

 

 

(33

)

 

 

(54

)

Preferred stock deemed dividends (see Note 16)

 

 

—

 

 

 

—

 

 

 

—

 

 

 

(9

)

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

 

 

995

 

 

 

934

 

 

 

2,398

 

 

 

1,637

 

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

 

$

—

 

 

$

(15

)

 

$

—

 

 

$

200

 

Average shares of common stock outstanding - Basic

 

 

853.5

 

 

 

839.0

 

 

 

852.8

 

 

 

838.3

 

Net effect of dilutive securities(1)

 

 

1.9

 

 

 

0.3

 

 

 

0.8

 

 

 

0.1

 

Average shares of common stock outstanding - Diluted

 

 

855.4

 

 

 

839.3

 

 

 

853.6

 

 

 

838.4

 

EPS from continuing operations - Basic

 

$

1.17

 

 

$

1.11

 

 

$

2.81

 

 

$

1.95

 

EPS from discontinued operations - Basic

 

 

—

 

 

 

(0.02

)

 

 

—

 

 

 

0.24

 

EPS attributable to Dominion Energy - Basic

 

$

1.17

 

 

$

1.09

 

 

$

2.81

 

 

$

2.19

 

EPS from continuing operations - Diluted

 

$

1.16

 

 

$

1.11

 

 

$

2.81

 

 

$

1.95

 

EPS from discontinued operations - Diluted

 

 

—

 

 

 

(0.02

)

 

 

—

 

 

 

0.24

 

EPS attributable to Dominion Energy - Diluted

 

$

1.16

 

 

$

1.09

 

 

$

2.81

 

 

$

2.19

 

 

(1)
Dilutive securities for three months ended September 30, 2025 consists of forward sales agreements entered into in the first, second and third quarters of 2025 and the third and fourth quarters of 2024 (applying the treasury stock method). Dilutive securities for nine months ended September 30, 2025 consists of forward sales agreement entered into the second and third quarters of 2025 and certain forward sales agreements entered into in the first quarter of 2025 and the third and fourth quarters of 2024 (applying the treasury stock method). Additionally, 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). See Note 16 for additional information.

 

Certain of the forward sales agreements entered into in the first quarter of 2025 and third and fourth quarters of 2024 were potentially dilutive securities, but were excluded from the calculation of diluted EPS from continuing operations for the nine months ended September 30, 2025 as the dilutive stock price threshold was not met. Additionally, certain of the forward sales agreements entered into in the second and third quarters of 2024 were potentially dilutive securities but were excluded from the calculation of diluted EPS from continuing operations for the three and nine months ended September 30, 2024 as the dilutive stock price threshold was not met.