EX-99 2 d-ex99.htm EX-99 EX-99

附件99

 

資訊發佈

 

2024年11月1日

 

Dominion能源宣佈2024年第三季度收益

 

•
2024年第三季度按照美國通用會計準則計算的每股淨利潤爲1.12美元；營業收入（非通用會計準則）爲每股0.98美元
•
公司將其2024財年營運盈利指導範圍縮小至每股2.68至2.83美元，保持每股2.75美元的原中點

弗吉尼亞州里士滿–Dominion Energy, Inc.（紐交所：D）今日宣佈，根據普遍公認的會計準則（GAAP或報告收益）確定的截至2024年9月30日三個月的未經審計的淨利潤爲95400萬美元（每股1.12美元），而2023年同期的淨利潤爲15700萬美元（每股0.16美元）。

截至2024年9月30日的三個月的營業收入（非通用會計準則）爲83500萬美元（每股0.98美元），相比2023年同期的營業收入爲65100萬美元（每股0.75美元）。

GAAP和經營性收益之間的差異包括核退役信託基金的收益和損失、經濟對沖活動的按市值進行覈算的影響、與出售燃氣分銷業務主要相關的停止運營產生的淨利益，以及其他調整。關於經營性收益與之前期間的比較、業務部門的業績結果以及報告收入中包括但從經營性收益中排除的項目的詳細描述可以在本公告的附表1、2、3和4中找到。

指導

公司將其2024財年全年營運盈利指導範圍窄化至每股2.68美元至2.83美元，保留每股2.75美元的原始中點。公司還重申了其2025財年全年營運盈利指導範圍爲每股3.25美元至3.54美元，以及在2024年3月1日投資者會議上提供的其他財務指導，包括與盈利、信用和股利相關的指導。

今天網絡研討會

公司將於2024年11月1日星期五上午10點（東部時間）舉行2024年第三季度業績會。管理層將討論財務和其他利益相關者感興趣的事項，包括最近的財務業績。

會議看漲的現場網絡廣播，包括附帶幻燈片和其他財務信息，將在投資者信息頁面上提供 investors.dominionenergy.com.

對於喜歡通過電話加入的個人，國內呼叫者應撥打1-800-267-6316，國際呼叫者應撥打1-785-424-1789。電話業績會的會議ID是DOMINION。參與者應在計劃開始時間的10至15分鐘前撥入。

網絡研討會的回放將在11月1日結束時可在投資者信息頁面上找到。 業績會的電話回放將從美國東部時間11月1日下午1點左右開始提供。國內呼叫者可以通過撥打1-800-839-6737來查看錄音。國際呼叫者應撥打1-402-220-6052。回放的密碼是17292。

投資者關於營運和報告收入的重要提示

Dominion 能源將營運收益（非普通會計準則）作爲主要業績衡量指標，用於與分析師和投資者進行公開通信。營運收益的定義爲報告收益經過調整後的數值。Dominion 能源也在內部預算、向董事會報告、公司激勵計劃以及目標股息支付和其他目的上使用營運收益。Dominion 能源管理層認爲，營運收益能夠更有意義地展示公司的基本盈利能力。

 

關於DominionEnergy

Dominion 能源（紐交所：D）總部位於弗吉尼亞州里士滿，爲弗吉尼亞、北卡羅來納和南卡羅來納的360萬家庭和企業提供受管制的電力服務，併爲南卡羅來納州的50萬客戶提供受管制的天然氣服務。公司是全國領先的受管制近海風電和太陽能發展和運營商之一，也是新英格蘭地區最大的無碳電力生產商。公司的使命是提供可靠、價格實惠且日益清潔的能源，爲其客戶每天供電。請訪問 DominionEnergy.com 了解更多。

 

本發佈包含某些前瞻性陳述 依據1995年《私人證券訴訟改革法案》的含義，這些前瞻性陳述受到各種風險和不確定性的影響。可能導致實際結果不同的因素包括但不限於：自2024年3月完成的業務審核所得出的推薦實施的直接和間接影響；異常天氣條件及其對能源銷售和能源商品價格的影響；極端天氣事件和其他自然災害；特殊外部事件，如由COVID-19導致的大流行事件；聯邦、州和地方立法和監管發展；Dominion Energy收集的受監管費率的變化；與Dominion Energy與第三方共同擁有實體相關的風險，如在Coastal Virginia Offshore Wind (CVOW) 商業項目中擁有50％的非控制權益，包括由於缺乏獨立決策權而產生的風險，Dominion Energy和第三方參與者之間可能產生的糾紛以及退出這些安排可能出現的困難；計劃施工或擴建項目所需的監管批准的時間和接收，以及遵守與這些監管批准相關的條件；無法在最初預期的時間框架內完成計劃的建設項目的風險和不確定性；可能影響CVOW商業項目在當前提議的時間表內或根本無法完成的風險和不確定性，以及從客戶處收回此類成本的能力；相關與計劃建設項目的時間接收未來資本貢獻，包括與CVOW商業項目建設相關的非控制融資合作伙伴提供的自願資本貢獻；對聯邦、州和地方環境法律和法規的及時接收，包括與氣候變化有關的法律；環境策略和符合成本，包括涉及氣候變化的成本；監管機構關於環境標準的實施和執行做法以及針對補救活動的訴訟風險的變化；運營、維護和建設成本的變化；Dominion Energy用於提供電力發電、輸配電和/或輸氣服務的核燃料、天然氣、購買電力或其他材料的供應；Dominion Energy行業中的額外競爭；對Dominion Energy服務需求的變化；與數據中心需求增加或由於新數據中心導致需求顯著加速增長相關的風險和不確定性，包括數據中心主要集中在弗吉尼亞州勞德恩縣以及獲得監管批准、環境和其他許可以及及時建造新設施的能力；大規模電池存儲、碳捕捉與存儲、小型模塊反應堆、氫氣和/或其他清潔能源技術的技術和經濟可行性；收購和剝離的批准和關閉日期以及時完成時間；Dominion Energy的資產組合審核基礎上的收購、剝離、資產轉讓合資公司和資產的退休的影響；訴訟事務或監管程序中的不利結果；利率波動；現有經濟套期工具對歐元和丹麥克朗貨幣匯率波動的減輕效果與與CVOW商業項目的主要海上施工和裝備元件相關的固定價格合同的貨幣匯率波動的有效程度；評級機構要求或信用評級的變化及其對資本可用性和成本的影響；資本市場條件，包括信貸可用性以及以合理條件獲得融資的能力。其他風險因素詳見Dominion Energy不時提交給美國證券交易委員會的Form 10-Q季度報告和最近的Form 10-K年度報告。

 

#####

For further information: Media: Ryan Frazier, (804) 836-2083 or C.Ryan.Frazier@dominionenergy.com;

Investor Relations: David McFarland, (804) 819-2438 or David.M.McFarland@dominionenergy.com

 

Consolidated Statements of Income (GAAP)

 

Dominion Energy, Inc.

 

Consolidated Statements of Income *

 

Unaudited (GAAP Based)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

(millions, except per share amounts)

2024

 

 

2023

 

 

2024

 

 

2023

 

Operating Revenue

$

3,941

 

 

$

3,810

 

 

$

11,059

 

 

$

10,859

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

Electric fuel and other energy-related purchases

 

910

 

 

 

1,049

 

 

 

2,787

 

 

 

3,010

 

Purchased electric capacity

 

24

 

 

 

20

 

 

 

57

 

 

 

43

 

Purchased gas

 

34

 

 

 

40

 

 

 

198

 

 

 

212

 

Other operations and maintenance(1)

 

1,022

 

 

 

843

 

 

 

2,814

 

 

 

2,479

 

Depreciation and amortization

 

549

 

 

 

667

 

 

 

1,791

 

 

 

1,896

 

Other taxes

 

184

 

 

 

162

 

 

 

556

 

 

 

517

 

  Total operating expenses

 

2,723

 

 

 

2,781

 

 

 

8,203

 

 

 

8,157

 

Income (loss) from operations

 

1,218

 

 

 

1,029

 

 

 

2,856

 

 

 

2,702

 

Other income (expense)

 

335

 

 

 

56

 

 

 

1,020

 

 

 

646

 

Interest and related charges

 

403

 

 

 

192

 

 

 

1,446

 

 

 

1,066

 

Income (loss) from continuing operations including
     noncontrolling interests before income tax expense (benefit)

 

1,150

 

 

 

893

 

 

 

2,430

 

 

 

2,282

 

Income tax expense (benefit)

 

183

 

 

 

195

 

 

 

412

 

 

 

469

 

Net Income (loss) from continuing operations

 

967

 

 

 

698

 

 

 

2,018

 

 

 

1,813

 

Net Income (loss) from discontinued operations

 

(13

)

 

 

(541

)

 

 

182

 

 

 

(92

)

Net Income (loss) attributable to Dominion Energy

$

954

 

 

$

157

 

 

$

2,200

 

 

$

1,721

 

Reported Income (loss) per common share from continuing
     operations - diluted

$

1.14

 

 

$

0.81

 

 

$

2.33

 

 

$

2.10

 

Reported Income (loss) per common share from discontinued
     operations - diluted

 

(0.02

)

 

 

(0.65

)

 

 

0.22

 

 

 

(0.11

)

Reported Income (loss) per common share - diluted

$

1.12

 

 

$

0.16

 

 

$

2.55

 

 

$

1.99

 

Average shares outstanding, diluted

 

839.3

 

 

 

836.8

 

 

 

838.4

 

 

 

836.2

 
(1)
Includes impairment of assets and other charges (benefits) and losses (gains) on sales of assets.

 

*The notes contained in Dominion Energy's most recent quarterly report on Form 10-Q or annual report on Form 10-K are an integral part of the Consolidated Financial Statements.

 

 

 

 

Schedule 1 - Segment Reported and Operating Earnings

Unaudited

 

Three Months Ended September 30,

 

Nine Months Ended September 30,

(millions, except per share amounts)

2024

 

2023

 

Change

 

2024

 

2023

 

Change

REPORTED EARNINGS(1)

$954

 

$157

 

$797

 

$2,200

 

$1,721

 

$479

Pre-tax loss (income)(2)

(146)

 

(778)

 

632

 

(371)

 

(1,714)

 

1,343

Income tax(2)

27

 

1,272

 

(1,245)

 

52

 

1,469

 

(1,417)

Adjustments to reported earnings

(119)

 

494

 

(613)

 

(319)

 

(245)

 

(74)

 

 

 

 

 

 

 

 

 

 

 

 

OPERATING EARNINGS (non-GAAP)

$835

 

$651

 

$184

 

$1,881

 

$1,476

 

$405

By segment:

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy Virginia

662

 

535

 

127

 

1,571

 

1,315

 

256

Dominion Energy South Carolina

147

 

143

 

4

 

296

 

302

 

(6)

Contracted Energy

83

 

52

 

31

 

305

 

118

 

187

Corporate and Other

(57)

 

(79)

 

22

 

(291)

 

(259)

 

(32)

 

$835

 

$651

 

$184

 

$1,881

 

$1,476

 

$405

Earnings Per Share (EPS)(3):

 

 

 

 

 

 

 

 

 

 

 

REPORTED EARNINGS(1)

$1.12

 

$0.16

 

$0.96

 

$2.55

 

$1.99

 

$0.56

Adjustments to reported earnings (after-tax)

(0.14)

 

0.59

 

(0.73)

 

(0.37)

 

(0.30)

 

(0.07)

OPERATING EARNINGS (non-GAAP)

$0.98

 

$0.75

 

$0.23

 

$2.18

 

$1.69

 

$0.49

By segment:

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy Virginia

0.79

 

0.64

 

0.15

 

1.88

 

1.57

 

0.31

Dominion Energy South Carolina

0.18

 

0.17

 

0.01

 

0.35

 

0.36

 

(0.01)

Contracted Energy

0.10

 

0.06

 

0.04

 

0.36

 

0.14

 

0.22

Corporate and Other

(0.09)

 

(0.12)

 

0.03

 

(0.41)

 

(0.38)

 

(0.03)

 

$0.98

 

$0.75

 

$0.23

 

$2.18

 

$1.69

 

$0.49

Common Shares Outstanding (average, diluted)

839.3

 

836.8

 

 

 

838.4

 

836.2

 

 

 

(1)
Determined in accordance with Generally Accepted Accounting Principles (GAAP).
(2)
Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings. Refer to Schedules 2 and 3 for details or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at investors.dominionenergy.com.
(3)
The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. The calculation of operating earnings per share for the nine months ended September 30, 2024 excludes a deemed dividend of $9 million associated with the Company's repurchase of certain Series B preferred stock in June 2024. During each quarter of 2024 and 2023, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. Reported and operating earnings per share for the three and nine months ended September 30, 2024 also includes the impact of preferred dividends associated with Series B preferred stock of $4 million and $21 million, respectively. During each quarter of 2023, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series B preferred stock of $9 million. See Forms 10-Q and 10-K for additional information.

 

 

 

Schedule 2 - Reconciliation of 2024 Reported Earnings to Operating Earnings

2024 Earnings (Nine Months Ended September 30, 2024)

The $371 million pre-tax net income of the adjustments included in 2024 reported earnings, but excluded from operating earnings, is primarily related to the following items:

•
$443 million net market benefit primarily associated with $518 million from nuclear decommissioning trusts (NDT) offset by $75 million in economic hedging activities.
•
$204 million of net benefit from discontinued operations primarily related to a $213 million benefit associated with gas distribution operations (inclusive of a $165 million net loss on sales related to the East Ohio, Questar Gas and PSNC Transactions).
•
$107 million of nonregulated asset impairments and other charges related to a $47 million charge in connection with the settlement of an agreement and $60 million of impairment charges associated with certain nonregulated renewable natural gas facilities.
•
$100 million of regulated asset retirements and other charges primarily associated with a $58 million charge from the South Carolina electric rate case and a $30 million write off of certain early stage development costs for potential electric generation projects in Virginia no longer under consideration.

 

(millions, except per share amounts)

1Q24

 

2Q24

 

3Q24

 

4Q24

YTD 2024(5)

 

Reported earnings

$

674

 

$

572

 

$

954

 

 

$

2,200

 

Adjustments to reported earnings(1):

 

 

 

 

 

 

 

 

 

Pre-tax loss (income)

 

(264

)

 

39

 

 

(146

)

 

 

(371

)

Income tax (benefit)

 

73

 

 

(48

)

 

27

 

 

 

52

 

 

 

(191

)

 

(9

)

 

(119

)

 

 

(319

)

Operating earnings (non-GAAP)

$

483

 

$

563

 

$

835

 

 

$

1,881

 

Common shares outstanding (average, diluted)

 

837.6

 

 

838.3

 

 

839.3

 

 

 

838.4

 

Reported earnings per share(2)

$

0.78

 

$

0.65

 

$

1.12

 

 

$

2.55

 

Adjustments to reported earnings per share(2)

 

(0.23

)

 

-

 

 

(0.14

)

 

 

(0.37

)

Operating earnings (non-GAAP) per share(2)

$

0.55

 

$

0.65

 

$

0.98

 

 

$

2.18

 

 

 

 

 

 

 

 

 

 

 

(1) Adjustments to reported earnings are reflected in the following table:

 

 

 

 

 

 

 

 

 

1Q24

 

2Q24

 

3Q24

 

4Q24

YTD 2024

 

Pre-tax loss (income):

 

 

 

 

 

 

 

 

 

Net loss (gain) on NDT funds

$

(266

)

$

(84

)

$

(168

)

 

$

(518

)

Mark-to-market impact of economic hedging activities

 

108

 

 

104

 

 

(137

)

 

 

75

 

Discontinued operations

 

(165

)

 

(62

)

 

23

 

 

 

(204

)

Business review costs

 

29

 

 

15

 

 

7

 

 

 

51

 

Nonregulated asset impairments and other charges

 

47

 

 

33

 

 

27

 

 

 

107

 

Regulated asset retirements and other charges

 

(17

)

 

16

 

 

101

 

 

 

100

 

Net loss (gain) on real estate dispositions

 

-

 

 

17

 

 

1

 

 

 

18

 

 

$

(264

)

$

39

 

$

(146

)

 

$

(371

)

Income tax expense (benefit):

 

 

 

 

 

 

 

 

 

Tax effect of above adjustments to reported earnings(3)

 

584

 

 

(84

)

 

377

 

 

 

877

 

Deferred taxes associated with sale of gas distribution
     operations(4)

 

(511

)

 

36

 

 

(350

)

 

 

(825

)

 

$

73

 

$

(48

)

$

27

 

 

$

52

 

 

(2)
The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. The calculation of operating earnings per share for the three months ended June 30, 2024, and nine months ended September 30, 2024, excludes a deemed dividend of $9 million associated with the Company's repurchase of certain Series B preferred stock in June 2024. During the first, second and third quarter of 2024, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series B preferred stock of $9 million, $8 million and $4 million, respectively. During each quarter of 2024, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with Series C preferred stock of $11 million. See Forms 10-Q and 10-K for additional information.
(3)
Excludes a $568 million tax benefit on non-deductible goodwill associated with the sale of gas distribution operations. Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, calculation of such amounts may be adjusted in connection with the calculation of the Company’s year-to-date income tax provision based on its estimated annual effective tax rate.
(4)
Represents the reversal of previously established deferred taxes related to the basis in the stock of the gas distribution operations.
(5)
YTD EPS may not equal sum of quarters due to share count differences.

 

 

Schedule 3 - Reconciliation of 2023 Reported Earnings to Operating Earnings

2023 Earnings (Twelve months ended December 31, 2023)

The $1.7 billion pre-tax net income of the adjustments included in 2023 reported earnings, but excluded from operating earnings, is primarily related to the following items:

•
$1.1 billion of net benefit from discontinued operations, primarily related to a $722 million benefit associated with the sale of the remaining non-controlling interest in Cove Point (including $626 million net gain on sale) and a $496 million benefit associated with the gas distribution operations expected to be sold to Enbridge Inc. (inclusive of a $334 million impairment charge associated with the East Ohio and Questar Gas Transactions).
•
$1.2 billion net market benefit primarily associated with $411 million from nuclear decommissioning trusts (NDT) and $758 million in economic hedging activities.
•
$370 million of regulated asset retirements and other charges primarily associated with the settlement of Virginia Power’s 2021 triennial review.
•
$118 million of nonregulated asset impairments and other charges primarily related to an ARO revision at Millstone nuclear power station in connection with the expected approval of an operating license extension.

 

(millions, except per share amounts)

1Q23

 

2Q23

 

3Q23

 

4Q23

 

YTD 2023(5)

 

Reported earnings

$

981

 

$

583

 

$

157

 

$

273

 

$

1,994

 

Adjustments to reported earnings(1):

 

 

 

 

 

 

 

 

 

 

Pre-tax loss (income)

 

(590

)

 

(346

)

 

(778

)

 

1

 

 

(1,713

)

Income tax (benefit)

 

124

 

 

73

 

 

1,272

 

 

(7

)

 

1,462

 

 

 

(466

)

 

(273

)

 

494

 

 

(6

)

 

(251

)

Operating earnings (non-GAAP)

$

515

 

$

310

 

$

651

 

$

267

 

$

1,743

 

Common shares outstanding (average, diluted)

 

835.5

 

 

836.2

 

 

836.8

 

 

837.3

 

 

836.5

 

Reported earnings per share(2)

$

1.15

 

$

0.67

 

$

0.16

 

$

0.30

 

$

2.29

 

Adjustments to reported earnings per share(2)

 

(0.56

)

 

(0.32

)

 

0.59

 

 

(0.01

)

 

(0.30

)

Operating earnings (non-GAAP) per share(2)

$

0.59

 

$

0.35

 

$

0.75

 

$

0.29

 

$

1.99

 

 

 

 

 

 

 

 

 

 

 

 

(1) Adjustments to reported earnings are reflected in the following table:

 

 

 

 

 

 

 

 

 

 

1Q23

 

2Q23

 

3Q23

 

4Q23

 

YTD 2023

 

Pre-tax loss (income):

 

 

 

 

 

 

 

 

 

 

Discontinued operations

$

(337

)

$

(206

)

$

(683

)

$

96

 

$

(1,130

)

Net loss (gain) on NDT funds

 

(123

)

 

(158

)

 

98

 

 

(228

)

 

(411

)

Mark-to-market impact of economic hedging activities

 

(272

)

 

(58

)

 

(287

)

 

(141

)

 

(758

)

Regulated asset retirements and other charges

 

61

 

 

97

 

 

61

 

 

151

 

 

370

 

Nonregulated asset impairments and other charges

 

-

 

 

-

 

 

-

 

 

118

 

 

118

 

Net loss (gain) on real estate dispositions

 

81

 

 

(21

)

 

16

 

 

(5

)

 

71

 

Storm damage and restoration costs (income)

 

-

 

 

-

 

 

12

 

 

(2

)

 

10

 

Business review costs

 

-

 

 

-

 

 

5

 

 

12

 

 

17

 

 

$

(590

)

$

(346

)

$

(778

)

$

1

 

$

(1,713

)

Income tax expense (benefit):

 

 

 

 

 

 

 

 

 

 

Tax effect of above adjustments to reported earnings(3)

 

124

 

 

73

 

 

333

 

 

107

 

 

637

 

Deferred taxes associated with sale of gas distribution
     operations(4)

 

-

 

 

-

 

 

939

 

 

(114

)

 

825

 

 

$

124

 

$

73

 

$

1,272

 

$

(7

)

$

1,462

 

 

(2)
The calculation of reported and operating earnings per share on a consolidated basis utilizes shares outstanding on a diluted basis with all dilutive impacts, primarily consisting of potential shares which had not yet been issued, reflected in the Corporate and Other segment. During each quarter of 2023, the calculation of reported and operating earnings per share includes the impact of preferred dividends associated with preferred stock of $9 million (Series B) and $11 million (Series C). See Forms 10-Q and 10-K for additional information.
(3)
Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, calculation of such amounts may be adjusted in connection with the calculation of the Company’s year-to-date income tax provision based on its estimated annual effective tax rate.
(4)
Represents deferred taxes related to the basis in the stock of the gas distribution operations expected to be sold to Enbridge that will reverse upon the completion of each sale.
(5)
YTD EPS may not equal sum of quarters due to share count difference.

 

Schedule 4 - Reconciliation of 3Q24 Earnings to 3Q23

Preliminary, Unaudited

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

September 30,

 

 

September 30,

 

 

2024 vs. 2023

 

 

2024 vs. 2023

 

(millions, except per share amounts)

Increase / (Decrease)

 

 

Increase / (Decrease)

 

Reconciling Items

Amount

 

 

EPS

 

 

Amount

 

 

EPS

 

Change in reported earnings (GAAP)

$

797

 

 

$

0.96

 

 

$

479

 

 

$

0.56

 

Change in Pre-tax loss (income)(1)

 

632

 

 

 

0.76

 

 

 

1,343

 

 

 

1.62

 

Change in Income tax(1)

 

(1,245

)

 

 

(1.49

)

 

 

(1,417

)

 

 

(1.69

)

Adjustments to reported earnings

$

(613

)

 

$

(0.73

)

 

$

(74

)

 

$

(0.07

)

Change in consolidated operating earnings (non-GAAP)

$

184

 

 

$

0.23

 

 

$

405

 

 

$

0.49

 

 

 

 

 

 

 

 

 

 

 

 

 

Dominion Energy Virginia

 

 

 

 

 

 

 

 

 

 

 

Weather

$

(8

)

 

$

(0.01

)

 

$

81

 

 

$

0.10

 

Customer usage and other factors

 

1

 

 

 

-

 

 

 

13

 

 

 

0.02

 

Customer-elected rate impacts

 

5

 

 

 

0.01

 

 

 

45

 

 

 

0.05

 

Rider equity return

 

101

 

 

 

0.12

 

 

 

237

 

 

 

0.28

 

Impact of 2023 Virginia legislation

 

2

 

 

 

-

 

 

 

(142

)

 

 

(0.17

)

Storm damage and service restoration

 

5

 

 

 

0.01

 

 

 

(8

)

 

 

(0.01

)

Planned outage costs

 

-

 

 

 

-

 

 

 

(10

)

 

 

(0.01

)

Nuclear production tax credit

 

36

 

 

 

0.04

 

 

 

53

 

 

 

0.06

 

Depreciation and amortization

 

4

 

 

 

-

 

 

 

(1

)

 

 

-

 

Electric capacity

 

(6

)

 

 

(0.01

)

 

 

(17

)

 

 

(0.02

)

Interest expense, net

 

17

 

 

 

0.02

 

 

 

40

 

 

 

0.05

 

Other

 

(30

)

 

 

(0.03

)

 

 

(35

)

 

 

(0.03

)

Share dilution

 

-

 

 

 

-

 

 

 

-

 

 

 

(0.01

)

Change in contribution to operating earnings

$

127

 

 

$

0.15

 

 

$

256

 

 

$

0.31

 

Dominion Energy South Carolina

 

 

 

 

 

 

 

 

 

 

 

Weather

$

(7

)

 

$

(0.01

)

 

$

32

 

 

$

0.04

 

Customer usage and other factors

 

3

 

 

 

-

 

 

 

14

 

 

 

0.02

 

Customer-elected rate impacts

 

1

 

 

 

-

 

 

 

-

 

 

 

-

 

Base & RSA rate case impacts

 

8

 

 

 

0.01

 

 

 

6

 

 

 

0.01

 

Depreciation and amortization

 

(1

)

 

 

-

 

 

 

(10

)

 

 

(0.01

)

Interest expense, net

 

(4

)

 

 

-

 

 

 

(14

)

 

 

(0.02

)

Other

 

4

 

 

 

0.01

 

 

 

(34

)

 

 

(0.05

)

Share dilution

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Change in contribution to operating earnings

$

4

 

 

$

0.01

 

 

$

(6

)

 

$

(0.01

)

Contracted Energy

 

 

 

 

 

 

 

 

 

 

 

Margin

$

33

 

 

$

0.04

 

 

$

69

 

 

$

0.08

 

Planned Millstone outages(2)(3)

 

(2

)

 

 

-

 

 

 

83

 

 

 

0.10

 

Unplanned Millstone outages(2)

 

(11

)

 

 

(0.01

)

 

 

8

 

 

 

0.01

 

Depreciation and amortization

 

6

 

 

 

0.01

 

 

 

18

 

 

 

0.02

 

Interest expense, net

 

5

 

 

 

0.01

 

 

 

10

 

 

 

0.01

 

Other

 

-

 

 

 

(0.01

)

 

 

(1

)

 

 

-

 

Share dilution

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Change in contribution to operating earnings

$

31

 

 

$

0.04

 

 

$

187

 

 

$

0.22

 

Corporate and Other

 

 

 

 

 

 

 

 

 

 

 

Interest expense, net

$

22

 

 

$

0.03

 

 

$

(42

)

 

$

(0.05

)

Equity method investments

 

(4

)

 

 

-

 

 

 

(7

)

 

 

(0.01

)

Pension and other postretirement benefit plans

 

2

 

 

 

-

 

 

 

1

 

 

 

-

 

Corporate service company costs

 

15

 

 

 

0.02

 

 

 

24

 

 

 

0.03

 

Other

 

(13

)

 

 

(0.02

)

 

 

(8

)

 

 

-

 

Share dilution

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Change in contribution to operating earnings

$

22

 

 

$

0.03

 

 

$

(32

)

 

$

(0.03

)

 

 

 

 

 

 

 

 

 

 

 

 

Change in consolidated operating earnings (non-GAAP)

$

184

 

 

$

0.23

 

 

$

405

 

 

$

0.49

 

Change in adjustments included in reported earnings(1)

$

613

 

 

$

0.73

 

 

$

74

 

 

$

0.07

 

Change in consolidated reported earnings

$

797

 

 

$

0.96

 

 

$

479

 

 

$

0.56

 
(1)
Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings. Refer to Schedules 2 and 3 for details, or find "GAAP Reconciliation" in the Earnings Release Kit on Dominion Energy's website at investors.dominionenergy.com.
(2)
Includes earnings impact from outage costs and lower energy margins.
(3)
Includes the effect of a planned refueling outage in the second quarter of 2023 with no such outage in the second quarter of 2024.

NOTE: Figures may not sum due to rounding.