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Earnings Per Share
 3 Months Ended
Mar. 31, 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:

 

Three Months Ended March 31,

 

2024

 

 

2023

 

(millions, except EPS)

 

 

 

 

 

 

Net income attributable to Dominion Energy from continuing operations

 

$

560

 

 

$

700

 

Preferred stock dividends (see Note 16)

 

 

(20

)

 

 

(20

)

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

 

$

540

 

 

$

680

 

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

 

$

114

 

 

$

281

 

Average shares of common stock outstanding - Basic

 

 

837.6

 

 

 

835.2

 

Net effect of dilutive securities(1)

 

 

—

 

 

 

0.3

 

Average shares of common stock outstanding - Diluted

 

 

837.6

 

 

 

835.5

 

EPS from continuing operations - Basic

 

$

0.64

 

 

$

0.81

 

EPS from discontinued operations - Basic

 

$

0.14

 

 

 

0.34

 

EPS attributable to Dominion Energy - Basic

 

$

0.78

 

 

$

1.15

 

EPS from continuing operations - Diluted

 

$

0.64

 

 

$

0.81

 

EPS from discontinued operations - Diluted

 

$

0.14

 

 

 

0.34

 

EPS attributable to Dominion Energy - Diluted

 

$

0.78

 

 

$

1.15

 
(1)
Dilutive securities for the three months ended March 31, 2023 include stock potentially to be issued to satisfy the obligation under a settlement agreement with the SCDOR (applying the if converted method). See Note 17 for additional information.