v3.25.2
Consolidated Statements of Income (Unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Operating Revenue $ 3,810 $ 3,486 $ 7,886 $ 7,118
Operating Expenses        
Electric fuel and other energy-related purchases 946 [1] 918 [1] 1,908 [2] 1,877 [2]
Purchased electric capacity 18 [1] 21 [1] 27 [2] 33 [2]
Purchased gas 43 [1] 44 [1] 190 [2] 164 [2]
Other operations and maintenance 883 840 1,781 1,695
Depreciation and amortization 580 [1] 621 [1] 1,162 [2] 1,242 [2]
Other taxes 194 [1] 170 [1] 403 [2] 372 [2]
Impairment of assets and other charges 50 67 96 97
Total operating expenses 2,714 2,681 5,567 5,480
Income from operations 1,096 805 2,319 1,638
Other income (expense) 442 243 452 366
Interest and related charges 505 [1] 470 [1] 986 [2] 1,045 [2]
Income from continuing operations including noncontrolling interests before income tax expense 1,033 578 1,785 959
Income tax expense 220 [1] 112 [1] 260 [2] 208 [2]
Net Income From Continuing Operations Including Noncontrolling Interests 813 466 1,525 751
Net Income (Loss) From Discontinued Operations Including Noncontrolling Interests [3] 1 97 0 215
Net Income Including Noncontrolling Interests 814 563 1,525 966
Noncontrolling Interests 54 [4] 0 100 [5] 0
Net Income 760 563 1,425 966
Amounts Attributable to Dominion Energy        
Net income from continuing operations 759 466 1,425 751
Net income (loss) from discontinued operations $ 1 $ 97 $ 0 $ 215
EPS - Basic        
Net income from continuing operations $ 0.88 $ 0.52 $ 1.65 $ 0.84
Net income (loss) from discontinued operations 0 0.12 0 0.26
Net income attributable to Dominion Energy 0.88 0.64 1.65 1.1
EPS - Diluted        
Net income from continuing operations 0.88 0.52 1.65 0.84
Net income (loss) from discontinued operations 0 0.12 0 0.26
Net income attributable to Dominion Energy $ 0.88 $ 0.64 $ 1.65 $ 1.1
Virginia Electric and Power Company        
Operating Revenue [6] $ 2,712 $ 2,537 $ 5,477 $ 5,026
Operating Expenses        
Electric fuel and other energy-related purchases [6] 729 [7] 707 [7] 1,498 [8] 1,408 [8]
Purchased electric capacity 17 [7] 16 [7] 24 [8] 29 [8]
[Affiliated suppliers] 125 113 259 215
Other operations and maintenance 428 407 904 836
Depreciation and amortization 396 [7] 445 [7] 794 [8] 893 [8]
Other taxes 92 [7] 72 [7] 189 [8] 165 [8]
Impairment of assets and other charges (benefits) 50 15 96 (2)
Total operating expenses 1,837 1,775 3,764 3,544
Income from operations 875 762 1,713 1,482
Other income (expense) 80 39 106 103
Interest and related charges [6] 251 [7] 204 [7] 494 [8] 394 [8]
Income before income tax expense 704 597 1,325 1,191
Income tax expense 115 [7] 120 [7] 205 [8] 253 [8]
Net Income Including Noncontrolling Interests 589 477 1,120 938
Noncontrolling Interests 54 [9] 0 100 [10] 0
Net Income $ 535 $ 477 $ 1,020 $ 938
[1] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
[2] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Dominion Energy’s CODM.
[3] Includes income tax expense (benefit) of $(3) million and $(14) million for the three months ended June 30, 2025 and 2024, respectively, and $(3) million and $40 million for the six months ended June 30, 2025 and 2024, respectively.
[4] Items designated are other segment items for each reportable segment.
[5] Items designated are other segment items for each reportable segment.
[6] See Note 19 for amounts attributable to affiliates.
[7] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
[8] The significant expense categories and amounts in the segment information presented above align with the segment-level information that is regularly provided to Virginia Power’s CODM.
[9] Items designated are other segment items for each reportable segment.
[10] Items designated are other segment items for each reportable segment.