v3.26.1
Earnings Per Share
 6 Months Ended
Jun. 30, 2026
Earnings Per Share [Abstract]  
Earnings Per Share

Note 5. Earnings Per Share

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

 

 

 

Quarter-to-Date

 

 

Year-to-Date

 

Period Ended June 30,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy from continuing operations

 

$

341

 

 

$

759

 

 

$

963

 

 

$

1,425

 

Preferred stock dividends (see Note 15)

 

 

(11

)

 

 

(11

)

 

 

(22

)

 

 

(22

)

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

 

 

330

 

 

 

748

 

 

 

941

 

 

 

1,403

 

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

 

$

(1

)

 

$

1

 

 

$

(2

)

 

$

—

 

Average shares of common stock outstanding - Basic

 

 

879.5

 

 

 

852.9

 

 

 

879.2

 

 

 

852.5

 

Net effect of dilutive securities(1)

 

 

2.6

 

 

 

0.3

 

 

 

1.9

 

 

 

0.2

 

Average shares of common stock outstanding - Diluted

 

 

882.1

 

 

 

853.2

 

 

 

881.1

 

 

 

852.7

 

EPS from continuing operations - Basic

 

$

0.37

 

 

$

0.88

 

 

$

1.07

 

 

$

1.65

 

EPS from discontinued operations - Basic

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

EPS attributable to Dominion Energy - Basic

 

$

0.37

 

 

$

0.88

 

 

$

1.07

 

 

$

1.65

 

EPS from continuing operations - Diluted

 

$

0.37

 

 

$

0.88

 

 

$

1.07

 

 

$

1.65

 

EPS from discontinued operations - Diluted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

EPS attributable to Dominion Energy - Diluted

 

$

0.37

 

 

$

0.88

 

 

$

1.07

 

 

$

1.65

 

 

(1)
Dilutive securities for three months ended June 30, 2026, consists of forward sales agreements entered into in the second and third quarters of 2025 and first and second quarters of 2026 (applying the treasury stock method). Dilutive securities for six months ended June 30, 2026, consists of forward sales agreements entered into in the second and third quarters of 2025 and the second quarter of 2026 and certain forward sales agreements entered into the first quarter of 2026 (applying the treasury stock method). Additionally, dilutive securities for 2025 consists of forward sales agreements entered into in the first and second quarters of 2025 and certain forward sales agreements entered into in the fourth quarter of 2024 (applying the treasury stock method).

Certain of the forward sales agreements entered into in the first quarter of 2026 were potentially dilutive securities but were excluded from the calculation of diluted EPS from continuing operations for the six months ended June 30, 2026, as the dilutive stock price threshold was not met. The forward sales agreements entered into in the third quarter of 2024 and certain of the forward sales agreements entered into in the fourth quarter of 2024 were potentially dilutive securities but were excluded from the calculation of diluted EPS from continuing operations for the three and six months ended June 30, 2025, as the dilutive stock price threshold was not met.