Earnings Per Share

Nov. 18, 2019

Note 6. Earnings Per Share

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


	Three Months Ended March 31,
	2019			2018
(millions, except EPS)
Net income (loss) attributable to Dominion Energy	$	(680	)	$	503

Average shares of common stock outstanding – Basic		793.1			650.5
Net effect of dilutive securities		—			—

Average shares of common stock outstanding – Diluted		793.1			650.5

Earnings Per Common Share – Basic	$	(0.86	)	$	0.77
Earnings Per Common Share – Diluted	$	(0.86	)	$	0.77

As a result of a net loss for the three months ended March 31, 2019, the issuance of common stock under potentially-dilutive securities was considered antidilutive and therefore excluded from the calculation of diluted EPS. The 2016 Equity Units were excluded from the calculation of diluted EPS for the three months ended March 31, 2018, as the dilutive stock price threshold was not met. The Dominion Energy Midstream convertible preferred units were potentially dilutive securities but had no effect on the calculation of diluted EPS for the three months ended March 31, 2018.