v3.26.3
Earnings Per Share
9 Months Ended
Sep. 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 September 30,

 

2026

 

 

2025

 

 

2026

 

 

2025

 

(millions, except EPS)

 

 

 

 

 

 

 

 

 

 

 

 

Net income attributable to Dominion Energy from continuing operations

 

$

1,161

 

 

$

1,006

 

 

$

2,124

 

 

$

2,431

 

Preferred stock dividends (see Note 15)

 

 

(11

)

 

 

(11

)

 

 

(33

)

 

 

(33

)

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

 

 

1,150

 

 

 

995

 

 

 

2,091

 

 

 

2,398

 

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

 

$

(1

)

 

$

—

 

 

$

(3

)

 

$

—

 

Average shares of common stock outstanding - Basic

 

 

879.5

 

 

 

853.5

 

 

 

879.3

 

 

 

852.8

 

Net effect of dilutive securities(1)

 

 

2.6

 

 

 

1.9

 

 

 

2.1

 

 

 

0.8

 

Average shares of common stock outstanding - Diluted

 

 

882.1

 

 

 

855.4

 

 

 

881.4

 

 

 

853.6

 

EPS from continuing operations - Basic

 

$

1.31

 

 

$

1.17

 

 

$

2.37

 

 

$

2.81

 

EPS from discontinued operations - Basic

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

EPS attributable to Dominion Energy - Basic

 

$

1.31

 

 

$

1.17

 

 

$

2.37

 

 

$

2.81

 

EPS from continuing operations - Diluted

 

$

1.30

 

 

$

1.16

 

 

$

2.37

 

 

$

2.81

 

EPS from discontinued operations - Diluted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

EPS attributable to Dominion Energy - Diluted

 

$

1.30

 

 

$

1.16

 

 

$

2.37

 

 

$

2.81

 

 

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

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