Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2021

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

	2021			2020			2019
(millions, except EPS)
Net income attributable to Dominion Energy from continuing operations	$	2,647		$	1,583		$	653
Preferred stock dividends (see Note 19)		(68	)		(65	)		(17	)
Net income attributable to Dominion Energy from continuing operations - Basic		2,579			1,518			636
Dilutive effect of Series A Preferred Stock		—			(11	)		(28	)
Net income attributable to Dominion Energy from continuing operations - Diluted		2,579		$	1,507		$	608
Net income (loss) attributable to Dominion Energy from discontinued operations - Basic & Diluted		641		$	(1,984	)	$	705

Average shares of common stock outstanding – Basic		807.8			831.0			808.8
Net effect of dilutive securities⁽¹⁾		0.7			—			0.1
Average shares of common stock outstanding – Diluted		808.5			831.0			808.9

EPS from continuing operations - Basic	$	3.19		$	1.83		$	0.79
EPS from discontinued operations - Basic		0.79			(2.39	)		0.87
EPS attributable to Dominion Energy - Basic	$	3.98		$	(0.56	)	$	1.66

EPS from continuing operations - Diluted		3.19		$	1.82		$	0.75
EPS from discontinued operations - Diluted		0.79			(2.39	)		0.87
EPS attributable to Dominion Energy - Diluted	$	3.98		$	(0.57	)	$	1.62

(1)

Dilutive securities for 2021 consist primarily of stock expected to be issued to satisfy the obligation under a settlement agreement with the SCDOR (applying the if converted method) as well as forward sales agreements entered into in November 2021 (applying the treasury stock method). See Notes 20 and 23 for additional information.