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Earnings Per Share
 6 Months Ended
Jun. 30, 2024
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 June 30,

 

2024

 

 

2023

 

 

2024

 

 

2023

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy from
   continuing operations

 

$

491

 

 

$

415

 

 

$

1,051

 

 

$

1,115

 

Preferred stock dividends (see Note 16)

 

 

(19

)

 

 

(20

)

 

 

(39

)

 

 

(40

)

Preferred stock deemed dividends (see Note 16)

 

 

(9

)

 

 

—

 

 

 

(9

)

 

 

—

 

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

 

 

463

 

 

 

395

 

 

$

1,003

 

 

$

1,075

 

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

 

$

81

 

 

$

168

 

 

$

195

 

 

$

449

 

Average shares of common stock outstanding - Basic

 

 

838.3

 

 

 

836.0

 

 

 

838.0

 

 

 

835.6

 

Net effect of dilutive securities(1)

 

 

—

 

 

 

0.2

 

 

 

—

 

 

 

0.3

 

Average shares of common stock outstanding - Diluted

 

 

838.3

 

 

 

836.2

 

 

 

838.0

 

 

 

835.9

 

EPS from continuing operations - Basic

 

$

0.55

 

 

$

0.47

 

 

$

1.20

 

 

$

1.28

 

EPS from discontinued operations - Basic

 

 

0.10

 

 

 

0.20

 

 

$

0.23

 

 

 

0.54

 

EPS attributable to Dominion Energy - Basic

 

$

0.65

 

 

$

0.67

 

 

$

1.43

 

 

$

1.82

 

EPS from continuing operations - Diluted

 

$

0.55

 

 

$

0.47

 

 

$

1.20

 

 

$

1.28

 

EPS from discontinued operations - Diluted

 

 

0.10

 

 

 

0.20

 

 

$

0.23

 

 

 

0.54

 

EPS attributable to Dominion Energy - Diluted

 

$

0.65

 

 

$

0.67

 

 

$

1.43

 

 

$

1.82

 
(1)
Certain of the forward sales agreements entered into in the second quarter of 2024 are considered dilutive securities but have an inconsequential impact for the three and six months ended June 30, 2024 (applying the treasury stock method). Dilutive securities for the three and six months ended June 30, 2023 include stock potentially to be issued to satisfy the obligation under a settlement agreement with the SCDOR (applying the if converted method). See Notes 16 and 17 for additional information.

Certain of the forward sales agreements entered into in the second quarter of 2024 were potentially dilutive securities but were excluded from the calculation of diluted EPS from continuing operations for three and six months ended June 30, 2024 as the dilutive stock price threshold was not met.