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

附件99

 

资讯发布

 

2024年11月1日

 

Dominion能源宣布2024年第三季度收益

 

•
2024年第三季度按照美国通用会计准则计算的每股净利润为1.12美元；营业收入（非通用会计准则）为每股0.98美元
•
公司将其2024财年营运盈利指导范围缩小至每股2.68至2.83美元，保持每股2.75美元的原中点

弗吉尼亚州里士满–Dominion Energy, Inc.（纽交所：D）今日宣布，根据普遍公认的会计准则（GAAP或报告收益）确定的截至2024年9月30日三个月的未经审计的净利润为95400万美元（每股1.12美元），而2023年同期的净利润为15700万美元（每股0.16美元）。

截至2024年9月30日的三个月的营业收入（非通用会计准则）为83500万美元（每股0.98美元），相比2023年同期的营业收入为65100万美元（每股0.75美元）。

GAAP和经营性收益之间的差异包括核退役信托基金的收益和损失、经济对冲活动的按市值进行核算的影响、与出售燃气分销业务主要相关的停止运营产生的净利益，以及其他调整。关于经营性收益与之前期间的比较、业务部门的业绩结果以及报告收入中包括但从经营性收益中排除的项目的详细描述可以在本公告的附表1、2、3和4中找到。

指导

公司将其2024财年全年营运盈利指导范围窄化至每股2.68美元至2.83美元，保留每股2.75美元的原始中点。公司还重申了其2025财年全年营运盈利指导范围为每股3.25美元至3.54美元，以及在2024年3月1日投资者会议上提供的其他财务指导，包括与盈利、信用和股利相关的指导。

今天网络研讨会

公司将于2024年11月1日星期五上午10点（东部时间）举行2024年第三季度业绩会。管理层将讨论财务和其他利益相关者感兴趣的事项，包括最近的财务业绩。

会议看涨的现场网络广播，包括附带幻灯片和其他财务信息，将在投资者信息页面上提供 investors.dominionenergy.com.

对于喜欢通过电话加入的个人，国内呼叫者应拨打1-800-267-6316，国际呼叫者应拨打1-785-424-1789。电话业绩会的会议ID是DOMINION。参与者应在计划开始时间的10至15分钟前拨入。

网络研讨会的回放将在11月1日结束时可在投资者信息页面上找到。 业绩会的电话回放将从美国东部时间11月1日下午1点左右开始提供。国内呼叫者可以通过拨打1-800-839-6737来查看录音。国际呼叫者应拨打1-402-220-6052。回放的密码是17292。

投资者关于营运和报告收入的重要提示

Dominion 能源将营运收益（非普通会计准则）作为主要业绩衡量指标，用于与分析师和投资者进行公开通信。营运收益的定义为报告收益经过调整后的数值。Dominion 能源也在内部预算、向董事会报告、公司激励计划以及目标股息支付和其他目的上使用营运收益。Dominion 能源管理层认为，营运收益能够更有意义地展示公司的基本盈利能力。

 

关于DominionEnergy

Dominion 能源（纽交所：D）总部位于弗吉尼亚州里士满，为弗吉尼亚、北卡罗来纳和南卡罗来纳的360万家庭和企业提供受管制的电力服务，并为南卡罗来纳州的50万客户提供受管制的天然气服务。公司是全国领先的受管制近海风电和太阳能发展和运营商之一，也是新英格兰地区最大的无碳电力生产商。公司的使命是提供可靠、价格实惠且日益清洁的能源，为其客户每天供电。请访问 DominionEnergy.com 了解更多。

 

本发布包含某些前瞻性陈述 依据1995年《私人证券诉讼改革法案》的含义，这些前瞻性陈述受到各种风险和不确定性的影响。可能导致实际结果不同的因素包括但不限于：自2024年3月完成的业务审核所得出的推荐实施的直接和间接影响；异常天气条件及其对能源销售和能源商品价格的影响；极端天气事件和其他自然灾害；特殊外部事件，如由COVID-19导致的大流行事件；联邦、州和地方立法和监管发展；Dominion Energy收集的受监管费率的变化；与Dominion Energy与第三方共同拥有实体相关的风险，如在Coastal Virginia Offshore Wind (CVOW) 商业项目中拥有50％的非控制权益，包括由于缺乏独立决策权而产生的风险，Dominion Energy和第三方参与者之间可能产生的纠纷以及退出这些安排可能出现的困难；计划施工或扩建项目所需的监管批准的时间和接收，以及遵守与这些监管批准相关的条件；无法在最初预期的时间框架内完成计划的建设项目的风险和不确定性；可能影响CVOW商业项目在当前提议的时间表内或根本无法完成的风险和不确定性，以及从客户处收回此类成本的能力；相关与计划建设项目的时间接收未来资本贡献，包括与CVOW商业项目建设相关的非控制融资合作伙伴提供的自愿资本贡献；对联邦、州和地方环境法律和法规的及时接收，包括与气候变化有关的法律；环境策略和符合成本，包括涉及气候变化的成本；监管机构关于环境标准的实施和执行做法以及针对补救活动的诉讼风险的变化；运营、维护和建设成本的变化；Dominion Energy用于提供电力发电、输配电和/或输气服务的核燃料、天然气、购买电力或其他材料的供应；Dominion Energy行业中的额外竞争；对Dominion Energy服务需求的变化；与数据中心需求增加或由于新数据中心导致需求显著加速增长相关的风险和不确定性，包括数据中心主要集中在弗吉尼亚州劳德恩县以及获得监管批准、环境和其他许可以及及时建造新设施的能力；大规模电池存储、碳捕捉与存储、小型模块反应堆、氢气和/或其他清洁能源技术的技术和经济可行性；收购和剥离的批准和关闭日期以及时完成时间；Dominion Energy的资产组合审核基础上的收购、剥离、资产转让合资公司和资产的退休的影响；诉讼事务或监管程序中的不利结果；利率波动；现有经济套期工具对欧元和丹麦克朗货币汇率波动的减轻效果与与CVOW商业项目的主要海上施工和装备元件相关的固定价格合同的货币汇率波动的有效程度；评级机构要求或信用评级的变化及其对资本可用性和成本的影响；资本市场条件，包括信贷可用性以及以合理条件获得融资的能力。其他风险因素详见Dominion Energy不时提交给美国证券交易委员会的Form 10-Q季度报告和最近的Form 10-K年度报告。

 

#####

进一步了解： 媒体联系人：Ryan Frazier，电话（804）836-2083或邮箱C.Ryan.Frazier@dominionenergy.com；

投资者关系：David McFarland，(804) 819-2438或David.m.McFarland@dominionenergy.com

 

合并收益表（GAAP）

 

Dominion Energy，Inc。

 

综合利润表*

 

未经审计（按照GAAP标准）

 

 

 

 

 

 

 

 

 

 

 

 

 

 

三个月结束

 

 

九个月结束

 

 

9月30日，

 

 

9月30日，

 

（单位：百万，每股金额）

2024

 

 

2023

 

 

2024

 

 

2023

 

营业收入

$

3,941

 

 

$

3,810

 

 

$

11,059

 

 

$

10,859

 

研究和开发

 

 

 

 

 

 

 

 

 

 

 

购买电能和其他能源相关采购

 

910

 

 

 

1,049

 

 

 

2,787

 

 

 

3,010

 

购买电力容量

 

24

 

 

 

20

 

 

 

57

 

 

 

43

 

购买燃料币

 

34

 

 

 

40

 

 

 

198

 

 

 

212

 

其他运营和维护(1)

 

1,022

 

 

 

843

 

 

 

2,814

 

 

 

2,479

 

折旧和摊销

 

549

 

 

 

667

 

 

 

1,791

 

 

 

1,896

 

其他税费

 

184

 

 

 

162

 

 

 

556

 

 

 

517

 

  营业费用总额

 

2,723

 

 

 

2,781

 

 

 

8,203

 

 

 

8,157

 

营业收支（亏损）

 

1,218

 

 

 

1,029

 

 

 

2,856

 

 

 

2,702

 

其他费用收益

 

335

 

 

 

56

 

 

 

1,020

 

 

 

646

 

利息及相关费用

 

403

 

 

 

192

 

 

 

1,446

 

 

 

1,066

 

包括持续经营的收入（损失)
在税前的持续经营净利润（亏损）及非控制权益

 

1,150

 

 

 

893

 

 

 

2,430

 

 

 

2,282

 

所得税费用（收益）

 

183

 

 

 

195

 

 

 

412

 

 

 

469

 

持续经营净利润（亏损）

 

967

 

 

 

698

 

 

 

2,018

 

 

 

1,813

 

终止运营项目的净利润（损失）

 

(13

)

 

 

(541

)

 

 

182

 

 

 

(92

)

归属于Dominion Energy的净利润（损失）

$

954

 

 

$

157

 

 

$

2,200

 

 

$

1,721

 

每股普通股报告的营收（损失）- 摊薄
     运营项目的每股普通股报告的营收（损失）- 摊薄

$

1.14

 

 

$

0.81

 

 

$

2.33

 

 

$

2.10

 

     终止运营项目的每股普通股报告的营收（损失）- 摊薄
每股普通股报告的营收（损失）- 摊薄

 

(0.02

)

 

 

(0.65

)

 

 

0.22

 

 

 

(0.11

)

     每股普通股报告的营收（损失）- 摊薄

$

1.12

 

 

$

0.16

 

 

$

2.55

 

 

$

1.99

 

摊薄后的平均流通股数

 

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.