Earnings Per Share

3 Months Ended

Mar. 31, 2018

Note 6. Earnings Per Share

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

	Three Months Ended March 31,
	2018		2017
(millions, except EPS)
Net income attributable to Dominion Energy	$	503	$	632
Average shares of common stock outstanding – Basic		650.5		628.1
Net effect of dilutive securities		—		—
Average shares of common stock outstanding – Diluted		650.5		628.1
Earnings Per Common Share – Basic	$	0.77	$	1.01
Earnings Per Common Share – Diluted	$	0.77	$	1.01

The 2014 Equity Units are potentially dilutive securities, but were excluded from the calculation of diluted EPS for the three months ended March 31, 2017, as the diluted stock price threshold was not met. The 2016 Equity Units are potentially dilutive securities, but were excluded from the calculation of diluted EPS for the three months ended March 31, 2018 and 2017, as the dilutive stock price threshold was not met. The Dominion Energy Midstream convertible preferred units are potentially dilutive securities but had no effect on the calculation of diluted EPS for the three months ended March 31, 2018 and 2017.