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Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Operating Revenue $ 4,527 $ 3,941 $ 12,413 $ 11,059
Operating Expenses        
Electric fuel and other energy-related purchases 1,337 [1] 910 [1] 3,245 [2] 2,787 [2]
Purchased electric capacity 36 [1] 24 [1] 63 [2] 57 [2]
Purchased gas 31 [1] 34 [1] 221 [2] 198 [2]
Other operations and maintenance 850 900 2,631 2,595
Depreciation and amortization 609 [1] 549 [1] 1,771 [2] 1,791 [2]
Other taxes 195 [1] 184 [1] 598 [2] 556 [2]
Impairment of assets and other charges 130 122 226 219
Total operating expenses 3,188 2,723 8,755 8,203
Income from operations 1,339 1,218 3,658 2,856
Other income (expense) 432 348 884 714
Interest and related charges 527 [1] 404 [1] 1,513 [2] 1,449 [2]
Income from continuing operations including noncontrolling interests before income tax expense 1,244 1,162 3,029 2,121
Income tax expense 216 [1] 213 [1] 476 [2] 421 [2]
Net Income From Continuing Operations Including Noncontrolling Interests 1,028 949 2,553 1,700
Net Income (Loss) From Discontinued Operations Including Noncontrolling Interests [3] 0 (15) 0 200
Net Income Including Noncontrolling Interests 1,028 934 2,553 1,900
Noncontrolling Interests 22 [4] 0 122 [5] 0
Net Income 1,006 934 2,431 1,900
Amounts Attributable to Dominion Energy        
Net income from continuing operations 1,006 949 2,431 1,700
Net income (loss) from discontinued operations $ 0 $ (15) $ 0 $ 200
EPS - Basic        
Net income from continuing operations $ 1.17 $ 1.11 $ 2.81 $ 1.95
Net income (loss) from discontinued operations 0 (0.02) 0 0.24
Net income attributable to Dominion Energy 1.17 1.09 2.81 2.19
EPS - Diluted        
Net income from continuing operations 1.16 1.11 2.81 1.95
Net income (loss) from discontinued operations 0 (0.02) 0 0.24
Net income attributable to Dominion Energy $ 1.16 $ 1.09 $ 2.81 $ 2.19
Virginia Electric and Power Company        
Operating Revenue [6] $ 3,311 $ 2,762 $ 8,788 $ 7,788
Operating Expenses        
Electric fuel and other energy-related purchases [6] 1,071 [7] 690 [7] 2,569 [8] 2,098 [8]
Purchased electric capacity 32 [7] 24 [7] 56 [8] 53 [8]
Affiliated suppliers 127 110 386 325
Other operations and maintenance 450 464 1,354 1,300
Depreciation and amortization 418 [7] 375 [7] 1,212 [8] 1,268 [8]
Other taxes 93 [7] 83 [7] 282 [8] 248 [8]
Impairment of assets and other charges (benefits) 129 40 225 38
Total operating expenses 2,320 1,786 6,084 5,330
Income from operations 991 976 2,704 2,458
Other income (expense) 85 59 191 162
Interest and related charges [6] 235 [7] 239 [7] 729 [8] 633 [8]
Income before income tax expense 841 796 2,166 1,987
Income tax expense 151 [7] 146 [7] 356 [8] 399 [8]
Net Income Including Noncontrolling Interests 690 650 1,810 1,588
Noncontrolling Interests 22 [9] 0 122 [10] 0
Net Income $ 668 $ 650 $ 1,688 $ 1,588
[1] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
[2] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
[3] Includes income tax expense (benefit) of $(2) million and $(9) million for the three months ended September 30, 2025 and 2024, respectively, and $(5) million and $31 million for the nine months ended September 30, 2025 and 2024, respectively.
[4] Items designated are other segment items for each reportable segment.
[5] Items designated are other segment items for each reportable segment.
[6] See Note 19 for amounts attributable to affiliates.
[7] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
[8] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
[9] Items designated are other segment items for each reportable segment.
[10] Items designated are other segment items for each reportable segment.