{"id":434962,"date":"2021-02-12T07:33:35","date_gmt":"2021-02-12T12:33:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=434962"},"modified":"2021-02-12T07:33:35","modified_gmt":"2021-02-12T12:33:35","slug":"dominion-energy-announces-fourth-quarter-and-full-year-2020-earnings","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/dominion-energy-announces-fourth-quarter-and-full-year-2020-earnings\/","title":{"rendered":"Dominion Energy Announces Fourth-Quarter and Full-Year 2020 Earnings"},"content":{"rendered":"
\n

– Fourth-quarter 2020 GAAP net income of $0.82 per share; operating earnings of $0.81 per share<\/h2>\n

– Full-year 2020 GAAP net loss of $0.57; operating earnings of $3.54 per share<\/h2>\n

– Company initiates 2021 operating earnings guidance of $3.70 to $4.00 per share<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

\n

\n RICHMOND, Va.<\/span>, Feb. 12, 2021<\/span> \/PRNewswire\/ — Dominion Energy (NYSE: D) today announced an unaudited net income determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Dec. 31, 2020<\/span>, of $682 million<\/span> ($0.82<\/span> per share) compared with a net gain of $1.0 billion<\/span> ($1.21<\/span> per share) for the same period in 2019.\u00a0 Reported earnings were a net loss, for the 12 months ended Dec. 31, 2020<\/span>, of $401 million<\/span> ($0.57<\/span> per share) compared with a net gain of $1.4 billion<\/span> ($1.62<\/span> per share) for the same period in 2019.<\/p>\n

Operating earnings for the three months ended Dec. 31, 2020<\/span>, were $672 million<\/span> ($0.81<\/span> per share), compared with operating earnings of $852 million<\/span> ($1.02<\/span> per share) for the same period in 2019. Operating earnings for the 12 months ended Dec. 31, 2020<\/span>, were $3.0 billion<\/span> ($3.54<\/span> per share) compared with operating earnings of $2.9 billion<\/span> ($3.53<\/span> per share) for the same period in 2019.<\/p>\n

The difference between GAAP and operating earnings for the 12 months ended Dec. 31, 2020<\/span>, was primarily attributable to a net loss from discontinued operations associated with the sale of the Gas Transmission & Storage segment and the cancellation of the Atlantic Coast Pipeline project and charges associated with the planned early retirement of electric generation facilities in Virginia<\/span>. <\/p>\n

Operating earnings are defined as reported earnings adjusted for certain items.\u00a0 Details of operating earnings as compared to prior periods, business segment results and detailed descriptions of items included in reported earnings but excluded from operating earnings can be found on Schedules 1, 2, 3 and 4 of this release.\u00a0 <\/p>\n

\n Guidance
<\/b>Dominion Energy expects 2021 operating earnings in the range of $3.70<\/span> to $4.00<\/span> per share.<\/p>\n

First-quarter 2021 operating earnings are expected to be in the range of $1.00<\/span> to $1.15<\/span> per share.<\/p>\n

\n Webcast today
<\/b>The company will host its fourth-quarter 2020 earnings call at 10 a.m. ET on Friday<\/span>, Feb. 12, 2021.\u00a0 Management will discuss matters of interest to financial and other stakeholders including recent financial results.\u00a0 The call is expected to last between 60 and 90 minutes. \u00a0<\/p>\n

A live webcast of the conference call, including accompanying slides and other financial information, will be available on the investor information pages at investors.dominionenergy.com<\/a>. <\/p>\n

For individuals that prefer to join via telephone, domestic callers should dial 1-800-341-6228 and international callers should dial 1-334-777-6993.\u00a0 The passcode for the telephonic earnings call is 26118983#.\u00a0 Participants should dial in 10 to 15 minutes prior to the scheduled start time.\u00a0 <\/p>\n

A replay of the webcast will be available on the investor information pages by the end of the day Feb. 12.\u00a0 A telephonic replay of the earnings call will be available beginning at about 2 p.m. ET<\/span> on Feb. 12.\u00a0 Domestic callers may access the recording by dialing 1-877-919-4059.\u00a0 International callers should dial 1-334-323-0140.\u00a0 The PIN for the replay is 21194578. <\/p>\n

\n Important note to investors regarding operating, reported earnings
<\/b>Dominion Energy uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors.\u00a0 Dominion Energy also uses operating earnings internally for budgeting, for reporting to the Board of Directors, for the company’s incentive compensation plans and for its targeted dividend payouts and other purposes. Dominion Energy management believes operating earnings provide a more meaningful representation of the company’s fundamental earnings power.<\/p>\n

In providing its operating earnings guidance, the company notes that there could be differences between expected reported earnings and estimated operating earnings for matters such as, but not limited to, acquisitions, divestitures or extreme weather events and other natural disasters.\u00a0 At this time, Dominion Energy management is not able to estimate the aggregate impact of these items on future period reported earnings.<\/p>\n

\n About Dominion Energy
<\/b>More than 7 million customers in 16 states\u202fenergize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D<\/a>), headquartered in\u202fRichmond, Va.\u202fThe company is committed to sustainable, reliable, affordable and safe energy\u202fand to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050.\u202fPlease visit DominionEnergy.com<\/a>\u202fto learn more.<\/p>\n

\n This release contains certain forward-looking statements, including forecasted operating earnings first-quarter and full-year 2021 and beyond which are subject to various risks and uncertainties. Factors that could cause actual results to differ include, but are not limited to: unusual weather conditions and their effect on energy sales to customers and energy commodity prices; extreme weather events and other natural disasters; extraordinary external events, such as the current pandemic health event resulting from COVID-19; federal, state and local legislative and regulatory developments; changes to regulated rates collected by Dominion Energy; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; the inability to complete planned construction projects within time frames initially anticipated; changes to federal, state and local environmental laws and regulations, including those related to climate change; cost of environmental compliance; changes in implementation and enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; changes in operating, maintenance and construction costs; additional competition in Dominion Energy’s industries; changes in demand for Dominion Energy’s services; receipt of approvals for, and timing of, closing dates for acquisitions and divestitures; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures, and retirements of assets based on asset portfolio reviews; the expected timing and likelihood of completion of the proposed sale of Dominion Energy Questar Pipeline to Berkshire Hathaway Energy, including the ability to obtain the requisite regulatory approvals and the terms and conditions of such regulatory approvals; adverse outcomes in litigation matters or regulatory proceedings; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; and capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms.\u00a0 Other risk factors are detailed from time to time in Dominion Energy’s quarterly reports on Form 10-Q and most recent annual report on Form 10-K filed with the Securities and Exchange Commission<\/i>
\n .<\/i>\n <\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Dominion Energy, Inc.\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Consolidated Statements of Income *<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Unaudited (GAAP Based)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n (millions, except per share amounts)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n Three Months Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n Year Ended<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n December 31,<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n December 31,<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2019<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2019<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Operating Revenue<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a03,521<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a03,895<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n $ \u00a014,172<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a014,401<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Operating Expenses<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Electric fuel and other energy-related purchases<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 485<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 635<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,243<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,885<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Purchased electric capacity<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 17<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 14<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 53<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 88<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Purchased gas<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 328<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 440<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 889<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,560<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other operations and maintenance1<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,046<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 1,115<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 5,729<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 5,158<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Depreciation, depletion and amortization<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 581<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 570<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 2,332<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 2,283<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Other taxes<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 208<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 185<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 871<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 883<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n \u00a0 Total operating expenses<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2,665<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 2,959<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 12,117<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 12,857<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income from operations<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 856<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 936<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2,055<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 1,544<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Other income<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 406<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 285<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 733<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 811<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Interest and related charges<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 241<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 353<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 1,377<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 1,486<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Income from continuing operations including noncontrolling <\/span>
\n interests before income tax expense<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n 1,021<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n 868<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/p>\n

\n
\n 1,411<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n 869<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Income tax expense<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 206<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 48<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 83<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 209<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Income from continuing operations including\u00a0<\/span>
\n noncontrolling interests\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 815<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 820<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/p>\n

\n
\n
\n 1,328<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 660<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Net Income (loss) from discontinued operations including <\/span>
\n noncontrolling interest<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n (125)<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 190<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/p>\n

\n
\n
\n (1,878)<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 716<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Net Income (loss) including noncontrolling interests<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 \u00a0 \u00a0690<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a01,010<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0 \u00a0(550)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,376<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Noncontrolling interests<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 8<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 1<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n (149)<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n 18<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Net Income (loss) attributable to Dominion Energy<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a0 \u00a0 \u00a0682<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a01,009<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n $ \u00a0 \u00a0 \u00a0(401)<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $ \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 1,358<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Reported Income per common share from continuing\u00a0<\/span>
\n operations – diluted<\/span>\n <\/p>\n<\/td>\n

\n

\u00a0<\/p>\n

\n
\n $0.98<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\u00a0<\/p>\n

\n
\n $0.99<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\u00a0<\/p>\n

\n
\n $1.82<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\u00a0<\/p>\n

\n
\n $0.75<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n Reported Income (loss) per common share from discontinued<\/span>
\n \u00a0operations – diluted<\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n (0.16)<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 0.22<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n \u00a0<\/p>\n

\n
\n
\n (2.39)<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n \u00a0<\/p>\n

\n
\n
\n 0.87<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n Reported earnings (loss) per common share – diluted\u00a0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $0.82<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $1.21<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n ($0.57)<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n
\n $1.62<\/b>
\n <\/span>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n Average shares outstanding, diluted\u00a0<\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 812.8<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 826.3<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n 831.0<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n 808.9<\/b>
\n <\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n
\n

\n
\n 1)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Includes impairment of assets and related charges and gains on sale of assets.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n *<\/span>\n <\/p>\n<\/td>\n

\n

\n The notes contained in Dominion Energy’s most recent quarterly report on Form 10-Q or annual report on Form 10-K are <\/span>
\n an integral part of the Consolidated Financial Statements.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\u00a0<\/p>\n

\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

\n
\n Schedule 1 – Segment Reported and Operating Earnings<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Unaudited<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (millions, except per share amounts)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Three months ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2019<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n Change<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n REPORTED EARNINGS1<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 \u00a0682<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ 1,009<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0(327)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Pre-tax loss (income)2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (452)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (24)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (428)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Income tax2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 442<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (133)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 575<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Adjustments to reported earnings<\/span>\n <\/p>\n<\/td>\n

\n

\n (10)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (157)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 147<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n OPERATING EARNINGS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 \u00a0672<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0852<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0(180)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0By segment:<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy Virginia<\/span>\n <\/p>\n<\/td>\n

\n

\n 412<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 403<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Gas Distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n 185<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 173<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy South Carolina<\/span>\n <\/p>\n<\/td>\n

\n

\n 93<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 98<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (5)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Contracted Assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 107<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 164<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (57)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Corporate and Other<\/span>\n <\/p>\n<\/td>\n

\n

\n (125)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 14<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (139)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0672<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0852<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0(180)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Earnings Per Share (EPS):3<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n REPORTED EARNINGS 1<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 0.82<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 1.21<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 (0.39)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Adjustments to reported earnings (after tax)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n (0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.19)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.18<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n OPERATING EARNINGS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 0.81<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 1.02<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 (0.21)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0By segment:<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy Virginia<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.51<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.49<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Gas Distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.23<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.21<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.02<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy South Carolina<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.12<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.01)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Contracted Assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.13<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.20<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.07)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Corporate and Other<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.17)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n –<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.17)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n $ \u00a0 0.81<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 1.02<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 (0.21)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Common Shares Outstanding (average, diluted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 812.8<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 826.3<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n (millions, except earnings per share)<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n Twelve months ended December 31,<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n
\n 2020<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n 2019<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n
\n Change<\/b>
\n <\/u>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n REPORTED EARNINGS1<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 (401)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ 1,358<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $(1,759)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Pre-tax loss (income)2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n 4,120<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,943<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2,177<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Income tax2<\/sup><\/span>\n <\/p>\n<\/td>\n

\n

\n (713)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (426)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (287)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n Adjustments to reported earnings<\/span>\n <\/p>\n<\/td>\n

\n

\n 3,407<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,517<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,890<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n OPERATING EARNINGS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ 3,006<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ 2,875<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0 \u00a0131<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0By segment:<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy Virginia<\/span>\n <\/p>\n<\/td>\n

\n

\n 1,891<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1,786<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 105<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Gas Distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n 560<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 487<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 73<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy South Carolina<\/span>\n <\/p>\n<\/td>\n

\n

\n 419<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 430<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (11)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Contracted Assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 402<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 460<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (58)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Corporate and Other<\/span>\n <\/p>\n<\/td>\n

\n

\n (266)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (288)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 22<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n $ 3,006<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ 2,875<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0 \u00a0131<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Earnings Per Share (EPS):3<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n REPORTED EARNINGS1<\/sup><\/b><\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ (0.57)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 1.62<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 (2.19)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n Adjustments to reported earnings (after tax)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 4.11<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 1.91<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.20<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n OPERATING EARNINGS<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n
\n $ \u00a0 3.54<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 3.53<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0 0.01<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n
\n \u00a0\u00a0\u00a0\u00a0\u00a0By segment:<\/i>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy Virginia<\/span>\n <\/p>\n<\/td>\n

\n

\n 2.28<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 2.21<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.07<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Gas Distribution<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.67<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.60<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.07<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Dominion Energy South Carolina<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.51<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.53<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.02)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Contracted Assets<\/span>\n <\/p>\n<\/td>\n

\n

\n 0.48<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 0.57<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.09)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n

\n \u00a0\u00a0\u00a0\u00a0\u00a0Corporate and Other<\/span>\n <\/p>\n<\/td>\n

\n

\n (0.40)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.38)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n (0.02)<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n

\n
\n $ \u00a0 3.54<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 3.53<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n
\n $ \u00a0 \u00a0 0.01<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n<\/tr>\n
\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n Common Shares Outstanding (average, diluted)<\/b>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n 831.0<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n

\n 808.9<\/span>\n <\/p>\n<\/td>\n

\n \n <\/td>\n\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n<\/table><\/div>\n
\n\n\n\n\n\n
\n \n <\/td>\n\n \n <\/td>\n<\/tr>\n
\n

\n
\n 1)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Determined in accordance with Generally Accepted Accounting Principles (GAAP).<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n 2)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n Adjustments to reported earnings are included in Corporate and Other segment reported GAAP earnings.\u00a0 Refer to Schedules 2 and 3 for details, or find “GAAP Reconciliation” <\/span>
\n in the Earnings Release Kit on Dominion Energy’s website at investors.dominionenergy.com<\/u><\/span>
\n .<\/span>\n <\/p>\n<\/td>\n<\/tr>\n

\n

\n
\n 3)<\/sup>
\n <\/span>\n <\/p>\n<\/td>\n

\n

\n The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company’s convertible preferred securities\u00a0<\/span>
\n entered in June 2019. Such fair value adjustments, if any, are required for the calculation of diluted reported earnings per share. No adjustments were necessary <\/span>
\n for the three months ended December 31, 2020.\u00a0 For the twelve months ended December 31, 2020, the fair value adjustment required for the diluted reported <\/span>
\n earnings per share calculation was $11 million.\u00a0 For the three months and twelve months ended December 31, 2019, the fair value adjustment required for the diluted <\/span>
\n reported earnings per share calculation was $1 million and $28 million, respectively. In each quarter of 2020, the calculation of reported and operating earnings per <\/span>
\n share includes the impact of preferred dividends of $7 million associated with the Series A preferred stock equity units entered in June 2019 and $9 million <\/span>
\n associated with the Series B preferred stock equity units entered in December 2019. See Forms 10-Q and 10-K for additional information.<\/span>\n <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n

\n Schedule 2 – Reconciliation of 2020 Reported Earnings to Operating Earnings<\/b>\n <\/p>\n

\n 2020 Earnings (Twelve months ended December 31, 2020<\/span>) <\/b>
\n \u00a0<\/b>\n <\/p>\n

The $4.1 billion<\/span> pre-tax net effect of the adjustments included in 2020 reported earnings, but excluded from operating earnings, is primarily related to the following items:<\/p>\n