Dominion Energy : 3Q 2020 Supporting Material

November 05, 2020 at 10:07 am EST

3rd Quarter 2020

Earnings Release

Kit

November 5, 2020

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T
Table of Contents
IMPORTANT NOTES TO INVESTORS...................................................................	3
EARNINGS RELEASE AND ACCOMPANYING SCHEDULES ....................................	4
CONSOLIDATED STATEMENTS OF INCOME (GAAP) .........................................................	6
SCHEDULE 1 - SEGMENT REPORTED AND OPERATING EARNINGS ........................................	7
SCHEDULE2 - RECONCILIATION OF2020 REPORTEDEARNINGS TOOPERATINGEARNINGS......	8
SCHEDULE3 - RECONCILIATION OF2019 REPORTEDEARNINGS TOOPERATINGEARNINGS......	9
SCHEDULE 4 - RECONCILIATION OF 3Q20 EARNINGS TO 3Q19 .......................................	10
FINANCIALS......................................................................................................	11
CONSOLIDATED FINANCIAL STATEMENTS (GAAP) ........................................................	11
SEGMENT EARNINGS RESULTS..................................................................................	14
RECONCILIATION OF FORECAST AND OUTLOOK...............................................	20
RECONCILIATION OF OPERATING EARNINGS GUIDANCE..................................................	20
3Q20 Operating Earnings Summary .............................................................	20
4Q20 Operating Earnings Forecast...............................................................	21
GAAP RECONCILIATION....................................................................................	22
RECONCILIATION OF2020 CONSOLIDATEDREPORTEDEARNINGS TOOPERATINGEARNINGS..	22
RECONCILIATION OF2019 CONSOLIDATEDREPORTEDEARNINGS TOOPERATINGEARNINGS..	23
RECONCILIATION OF2020 CORPORATE ANDOTHERREPORTEDEARNINGS TOOPERATING
EARNINGS...........................................................................................................	24
RECONCILIATION OF2019 CORPORATE ANDOTHERREPORTEDEARNINGS TOOPERATING
EARNINGS...........................................................................................................	25
RECONCILIATION OF3Q20 REPORTEDEARNINGS TO3Q20 OPERATINGEARNINGS.............	26
RECONCILIATION OF3Q19 REPORTEDEARNINGS TO3Q19 OPERATINGEARNINGS.............	27
RECONCILIATION OF4Q19 REPORTEDEARNINGS TO4Q19 OPERATINGEARNINGS.............	28
2020 EARNINGS EXPECTATIONS ..............................................................................	29

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Important Notes to Investors

This 3Q20 Earnings Release Kit contains certain forward-looking statements, including our forecasted operating earnings for the fourth-quarter and full-year 2020 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 federal, state and local environmental laws and regulations, including proposed carbon regulations; cost of environmental compliance; changes in enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures, and retirements of assets based on asset portfolio reviews; receipt of approvals for, and timing of, closing dates for acquisitions and divestitures; the expected timing and likelihood of completion of the proposed transaction with Berkshire Hathaway Energy, including the ability to obtain the requisite regulatory approvals and the terms and conditions of such regulatory approvals; changes in demand for Dominion Energy's services; additional competition in Dominion Energy's industries; changes to regulated rates collected by Dominion Energy; changes in operating, maintenance and construction costs; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; adverse outcomes in litigation matters or regulatory proceedings; and the inability to complete planned construction projects within time frames initially anticipated. 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.

Certain information provided in this 3Q20 Earnings Release Kit includes financial measures that are not required by, or presented in accordance with generally accepted accounting principles (GAAP), including operating earnings before interest and taxes (Adjusted EBIT). These non-GAAP financial measures should not be considered as alternatives to GAAP measures, such as net income, operating income, or earnings per share, and may be calculated differently from, and therefore may not be comparable to, similarly titled measures used at other companies. Dominion Energy has included reconciliations to the most directly comparable financial measures it is able to calculate and report in accordance with GAAP.

The consolidated financial data and statistics in this 3Q20 Earnings Release Kit and its individual components reflect the financial position and operating results of Dominion Energy and its primary operating segments through September 30, 2020. Independent auditors have not audited any of the financial and operating statements. Projections or forecasts shown in this document are subject to change at any time. Dominion Energy undertakes no obligation to update any forward-looking information statement to reflect developments after the statement is made.

This 3Q20 Earnings Release Kit has been prepared primarily for securities analysts and investors in the hope that it will serve as a convenient and useful reference document. The format of this release kit may change in the future as we continue to try to meet the needs of securities analysts and investors. This 3Q20 Earnings Release Kit is not intended for use in connection with any sale, offer to sell, or solicitation of any offer to buy securities.

Please continue to check our website regularly at http://investors.dominionenergy.com/.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Earnings Release and Accompanying Schedules

November 5, 2020

Dominion Energy Announces Third-Quarter Earnings

Third-quarter2020 GAAP net income of $0.41 per share; operating earnings of $1.08 per share
Company initiates fourth-quarter 2020 operating earnings guidance of $0.73 to $0.87 per share
Company expects 2020 weather-normal operating EPS to be above the annual guidance midpoint

RICHMOND, Va. - Dominion Energy (NYSE: D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (reported earnings) for the three months ended Sept. 30, 2020, of $356 million ($0.41 per share) compared with a net income of $975 million ($1.17 per share) for the same period in 2019.

Operating earnings for the three months ended Sept. 30, 2020, were $916 million ($1.08 per share), compared to operating earnings of $946 million ($1.15 per share) for the same period in 2019. The company estimates that its third-quarter 2020 operating earnings were positively impacted by $0.04 per share due to better-than-normal weather in its utility service areas.

The difference between GAAP and operating earnings for the three months ended Sept. 30, 2020, was primarily attributable to the recognition of a customer credit reinvestment offset for the benefit of customers in Virginia, charges associated with long-term contracted renewable portfolio outside the company's core service areas and net gains on nuclear decommissioning trust funds.

Operating earnings are defined as reported earnings adjusted for certain items. 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.

Guidance

Dominion Energy expects fourth-quarter operating earnings in the range of $0.73 to $0.87 per share.

The company affirms its full-year 2020 operating earnings guidance range of $3.37 to $3.63 per share and expects weather-normal operating EPS for 2020 to be above the guidance range midpoint.

The company also affirms its long-term earnings and dividend growth guidance.

Webcast today

The company will host its third-quarter earnings conference call at 11 a.m. ET on Thursday, Nov. 5, 2020. Management will discuss third-quarter financial results and other matters of interest to the financial community.

A live webcast of the conference call, including accompanying slides and other financial information, will be available at investors.dominionenergy.com. A replay of the webcast will be available on the investor relations website by the end of the day Nov. 5.

To join telephonically, domestic callers should dial 1-800-341-6228. International callers should dial 1- 334-777-6993. The passcode for the conference call is 63771662#. Participants should dial in 10 to 15

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

minutes prior to the scheduled start time. A replay of the conference call will be available beginning at about 3 p.m. ET Nov. 5 and lasting until 11 p.m. ET Nov. 12. Domestic callers may access the recording by dialing 1-877-919-4059. International callers should dial 1-334-323-0140. The PIN for the replay is 65141144.

Important note to investors regarding operating, reported earnings

Dominion Energy uses operating earnings as the primary performance measurement of its earnings guidance and results for public communications with analysts and investors. 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.

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. At this time, Dominion Energy management is not able to estimate the aggregate impact of these items on future period reported earnings.

About Dominion Energy

More than 7 million customers in 16 states energize their homes and businesses with electricity or natural gas from Dominion Energy (NYSE: D), headquartered in Richmond, Va. The company

is committed to sustainable, reliable, affordable and safe energy and to achieving net zero carbon dioxide and methane emissions from its power generation and gas infrastructure operations by 2050. Please visit DominionEnergy.comto learn more.

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CONTACTS: Media: Ryan Frazier, (804) 836-2083 or C.Ryan.Frazier@dominionenergy.com Financial analysts: Steven Ridge, (804) 929-6865 or Steven.D.Ridge@dominionenergy.com

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Consolidated Statements of Income (GAAP)

Dominion Energy, Inc.

Consolidated Statements of Income*

Unaudited (GAAP Based)

(millions, except per share amounts)

	Three Months Ended		Nine Months Ended
			September 30,				September 30,
			2020				2019						2020			2019
Operating Revenue		$	3,607			$	3,782			$	10,651		$	10,506
Operating Expenses			594				769				1,758			2,250
Electric fuel and other energy-related purchases
Purchased electric capacity			23				11				36			74
Purchased gas			37				158				561			1,120
Other operations and maintenance 1			2,128				952				4,683			4,043
Depreciation, depletion and amortization			595				586				1,751			1,713
Other taxes			203				202					663			698
Total operating expenses			3,580				2,678				9,452			9,898

Income from operations			27				1,104				1,199			608

Other income			281				129				327			526
Interest and related charges			306				370				1,136			1,133
Income from continuing operations including noncontrolling
		2				863				390			1
interests before income tax expense (benefit)
Income tax expense (benefit)			(110)			(84)				(123)			161
Net Income (loss) from continuing operations including
noncontrolling interests			112				947				513			(160)
Net Income (loss) from discontinued operations including
noncontrolling interests			19				38				(1,753)			526

Net Income (loss) including noncontrolling interests		$	131		$	985	$	(1,240)	$	366
Noncontrolling interests			(225)			10				(157)			17
Net Income (loss) attributable to Dominion Energy		$	356
	$	975	$	(1,083)	$	349
Reported Income (loss) per common share from continuing
	$	0.42		$	1.12	$	0.83	$	(0.22)
operations - diluted
Reported Income (loss) per common share from discontinued			(0.01)			0.05				(2.21)			0.64
operations - diluted
Reported Income (loss) per common share - diluted	$	0.41		$	1.17		$	(1.38)	$	0.42
Average shares outstanding, diluted			833.8				813.0				837.1			802.9

Includes impairment of assets and other charges.

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.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Schedule 1 - Segment Reported and Operating Earnings

Unaudited

(millions, except per share amounts)			Three months ended September 30,
		2020			2019			Change
REPORTED EARNINGS1	$	356	$	975		$	(619)
Pre-tax loss (income)2		859			(21)			880
Income tax2		(299)			(8)			(291)
Adjustments to reported earnings		560			(29)			589

OPERATING EARNINGS	$	916		$	946		$	(30)
By segment:
Dominion Energy Virginia		613			629			(16)
Gas Distribution		64			43			21
Dominion Energy South Carolina		157			166			(9)
Contracted Assets		112			86			26
Corporate and Other		(30)			22			(52)
	$	916		$	946		$	(30)
Earnings Per Share (EPS):3
REPORTED EARNINGS 1	$	0.41	$	1.17		$	(0.76)
Adjustments to reported earnings (after tax)		0.67			(0.02)			0.69
OPERATING EARNINGS	$	1.08		$	1.15		$	(0.07)
By segment:
Dominion Energy Virginia		0.74			0.77			(0.03)
Gas Distribution		0.08			0.05			0.03
Dominion Energy South Carolina		0.19			0.20			(0.01)
Contracted Assets		0.13			0.11			0.02
Corporate and Other		(0.06)			0.02			(0.08)
	$	1.08		$	1.15		$	(0.07)
Common Shares Outstanding (average, diluted)		833.8			813.0

(millions, except earnings per share)			Nine months ended September 30,
		2020			2019			Change
REPORTED EARNINGS1	$	(1,083)	$	349		$	(1,432)
Pre-tax loss (income)2		4,572			1,967			2,605
Income tax2		(1,155)			(293)			(862)
Adjustments to reported earnings		3,417			1,674			1,743

OPERATING EARNINGS	$	2,334		$	2,023		$	311
By segment:
Dominion Energy Virginia		1,479			1,383			96
Gas Distribution		375			314			61
Dominion Energy South Carolina		326			332			(6)
Contracted Assets		295			296			(1)
Corporate and Other		(141)			(302)			161
	$	2,334		$	2,023		$	311
Earnings Per Share (EPS):3
REPORTED EARNINGS1	$	(1.38)	$	0.42		$	(1.80)
Adjustments to reported earnings (after tax)		4.11			2.09			2.02
OPERATING EARNINGS	$	2.73		$	2.51		$	0.22
By segment:
Dominion Energy Virginia		1.77			1.72			0.05
Gas Distribution		0.45			0.39			0.06
Dominion Energy South Carolina		0.39			0.41			(0.02)
Contracted Assets		0.35			0.37			(0.02)
Corporate and Other		(0.23)			(0.38)			0.15
	$	2.73		$	2.51		$	0.22
Common Shares Outstanding (average, diluted)		837.1			802.9

Determined in accordance with Generally Accepted Accounting Principles (GAAP).
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 www.dominionenergy.com/investors.
The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company's convertible preferred securities 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
for the three months ended September 30, 2020. For the nine months ended September 30, 2020, the fair value adjustment required for diluted reported earnings per share calculation was $28 million. For the three months ended September 30, 2019, the fair value adjustment required for diluted reported earnings per share calculation was $13 million. No adjustments were necessary for the nine months ended September 30, 2019. In each quarter of 2020, the calculation of reported and operating earnings per share includes the impact of preferred dividends of $7 million per quarter associated with the Series A preferred stock equity units entered in June 2019 and
$9 million associated with the Series B preferred stock equity units entered in December 2019. See Forms 10-Q and 10-K for additional information.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Schedule 2 - Reconciliation of 2020 Reported Earnings to Operating Earnings

2020 Earnings (Nine months ended September 30, 2020)

The $4.6 billion pre-tax net effect of the adjustments included in 2020 reported earnings, but excluded from operating earnings, is primarily related to the following items:

$2.6 billion net loss from discontinued operations associated with the sale of the Gas Transmission & Storage segment as well as the cancellation of the Atlantic Coast Pipeline project.
$812 million of charges primarily relating to the planned early retirement of electric generation facilities in Virginia and $200 million of charges for expected customer credit reinvestment offset for Virginia utility customers.
$626 million for an impairment charge attributable to Dominion Energy's interests in certain merchant solar generation facilities and a contract termination charge in connection with the sale of Fowler Ridge.

(millions, except per share amounts)	1Q20	2Q20	3Q20	4Q20	YTD 2020 3
Reported earnings (loss)	($270)	($1,169)	$356	$0	($1,083)
Adjustments to reported earnings 1:
Pre-tax loss (income)	1,265	2,448	859	0	4,572
Income tax	(207)	(649)	(299)	0	(1,155)
	1,058	1,799	560	0	3,417
Operating earnings	$788	$630	$916	$0	$2,334
Common shares outstanding (average, diluted)	838.2	839.4	833.8	0.0	837.1
Reported earnings (loss) per share 2	($0.34)	($1.52)	$0.41	$0.00	($1.38)
Adjustments to reported earnings per share 2	1.26	2.25	0.67	0.00	4.11
Operating earnings per share 2	$0.92	$0.73	$1.08	$0.00	$2.73

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

Pre-tax loss (income):

Discontinued operations - Gas Transmission & Storage segment * Regulated asset retirements and other charges

Charges associated with interests in merchant renewable generation facilities Merger and integration-related costs

Net (gain) loss on NDT funds Liability management and financing

Mark-to-market impact of economic hedging activities Other **

Income tax expense (benefit):

Tax effect of above adjustments to reported earnings ***

Other

* Amount excludes the 50% interest in Cove Point retained by the Company.

1Q20	2Q20	3Q20	4Q20	YTD 2020
(161)	2,691	90	0	2,620
768	44	200	0	1,012
0	0	626	0	626
51	22	77	0	150
538	(393)	(190)	0	(45)
31	18	13	0	62
37	32	(46)	0	23
1	34	89	0	124
$1,265	$2,448	$859	$0	$4,572
(224)	(649)	(230)	0	(1,103)
17	0	(69)	0	(52)

($207)	($649)	($299)	$0	($1,155)

Includes social justice commitments, allowance for credit risk on customer accounts and Tropical Storm Isaias.
Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, 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.

The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company's convertible preferred securities 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 for the three months ended March 31 or for the three months ended September 30. For the three months ended June 30, the fair value adjustment required for diluted reported earnings per share calculation was $92 million. For the nine months ended September 30, the fair value adjustment required for diluted reported earnings per share calculation was $28 million. In each quarter of 2020, the calculation of reported and operating earnings per 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 associated with the
Series B preferred stock equity units entered in December 2019. See Forms 10-Q and 10-K for additional information.
YTD EPS may not equal sum of quarters due to share count difference and fair value adjustment associated with the convertible preferred securities.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Schedule 3 - Reconciliation of 2019 Reported Earnings to Operating Earnings

2019 Earnings (Twelve months ended December 31, 2019)

The $2.0 billion pre-tax net effect of the adjustments included in 2019 reported earnings, but excluded from operating earnings, is primarily related to the following items:

$2.4 billion of merger and integration-related costs associated with the SCANA Combination, primarily reflecting $1 billion for refunds of amounts previously collected from retail electric customers of Dominion Energy South Carolina (DESC) for the NND Project, $383 million associated with a voluntary retirement program (which includes $111 million for employee benefit plan curtailment), and $641 million associated with litigation.
$769 million of charges at our regulated entities, primarily consisting of the retirement of electric generation facilities in cold reserve and certain automated meters and a purchase power contract termination.
$612 million of net income from discontinued operations primarily associated with the sale of the Gas Transmission & Storage segment.
$113 million benefit from the revision of certain asset retirement obligations for ash ponds and landfills at certain utility generation facilities, in connection with the enactment of Virginia legislation in March.
$553 million net gain related to our investments in nuclear decommissioning trust funds.

Dominion Energy also recorded $194 million tax charge for certain income tax-related regulatory assets acquired in the SCANA Combination for which Dominion Energy committed to forgo recovery.

(millions, except per share amounts)	1Q19	2Q19	3Q19	4Q19	YTD 2019 3
Reported earnings (loss)	($680)	$54	$975	$1,009	$1,358
Adjustments to reported earnings 1:
Pre-tax loss (income)	1,484	504	(21)	(24)	1,943
Income tax	(111)	(174)	(8)	(133)	(426)
	1,373	330	(29)	(157)	1,517
Operating earnings	$693	$384	$946	$852	$2,875
Common shares outstanding (average, diluted)	793.1	802.5	813.0	826.3	808.9
Reported earnings (loss) per share 2	($0.86)	$0.07	$1.17	$1.21	$1.62
Adjustments to reported earnings per share 2	1.73	0.41	(0.02)	(0.19)	1.91
Operating earnings per share 2	$0.87	$0.48	$1.15	$1.02	$3.53
1) Adjustments to reported earnings are reflected in the following table:
Pre-tax loss (income):	1Q19	2Q19	3Q19	4Q19	YTD 2019

Merger and integration-related costs	1,428	497	59	376	2,360
Regulated asset and contract retirements/terminations	547	197	47	(22)	769
Discontinued operations - Gas Transmission & Storage segment *	(154)	(117)	(125)	(216)	(612)
Revision to ash pond and landfill closure costs	(113)	0	0	0	(113)
Net gain on NDT funds	(253)	(83)	(28)	(189)	(553)
Other	29	10	26	27	92
	$1,484	$504	($21)	($24)	$1,943
Income tax expense (benefit):
Tax effect of above adjustments to reported earnings **	(279)	(174)	(8)	(145)	(606)
Write-off EDIT regulatory assets (SCANA)	198	0	0	(4)	194
Other	(30)	0	0	16	(14)

	($111)	($174)	($8)	($133)	($426)

Amount excludes the 50% interest in Cove Point retained by the Company.
Income taxes for individual pre-tax items include current and deferred taxes using a transactional effective tax rate. For interim reporting purposes, 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.

The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company's convertible preferred securities 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 for the three months ended June 30. For the three months ended September 30, the fair value adjustment required for diluted reported earnings per share calculation was $13 million. For the three and twelve months ended December 31, the fair value adjustment required for diluted reported earnings per share calculation was $1 million and $28 million, respectively. The calculation of reported and operating earnings per share includes the impact of preferred dividends of $7 million per quarter associated with the Series A preferred stock equity units entered in June of 2019 and $2 million associated with the Series B preferred stock equity units entered in December of 2019. See Forms 10-Q and 10-K for additional information.
YTD EPS may not equal sum of quarters due to share count difference and fair value adjustment associated with the convertible preferred securities.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Schedule 4 - Reconciliation of 3Q20 Earnings to 3Q19

Preliminary, Unaudited	Three Months Ended		Nine Months Ended
(millions, except EPS)	September 30,		September 30,
	2020 vs. 2019		2020 vs. 2019
	Increase / (Decrease)		Increase / (Decrease)
Reconciling Items	Amount	EPS		Amount	EPS
Change in reported earnings (GAAP)	($619)	($0.76)	($1,432)	($1.80)
Change in Pre-tax loss (income) 1	880		2,605
Change in Income tax 1	(291)		(862)
Adjustments to reported earnings	$589	$0.69		$1,743	$2.02
Change in consolidated operating earnings
($30)	($0.07)	$311	$0.22
Dominion Energy Virginia
Regulated electric sales:
Weather	($2)	$0.00	($50)	($0.06)
Other	(7)	(0.01)	(18)	(0.02)
Rate adjustment clause equity return	21	0.03	76	0.09
Electric capacity	(6)	(0.01)	27	0.04
Select operations and maintenance expense2	(1)	0.00	47	0.06
Depreciation & amortization	12	0.02	33	0.04
Renewable energy investment tax credits	(29)	(0.04)	(10)	(0.01)
Other	(4)	0.00	(9)	(0.01)
Share dilution		(0.02)			(0.08)
Change in contribution to operating earnings	($16)	($0.03)		$96	$0.05
Gas Distribution
Regulated gas sales:
Weather	$0	0.00	($2)	($0.00)
Other	(2)	(0.00)	10	0.01
Select operations and maintenance expense2	0	0.00	12	0.02
Interest expense, net	14	0.02	25	0.03
Other	9	0.01	16	0.02
Share dilution		0.00			(0.02)
Change in contribution to operating earnings	$21	$0.03		$61	$0.06
Dominion Energy South Carolina
Regulated electric sales:
Weather	($9)	($0.01)	($23)	($0.03)
Other	15	0.02	16	0.02
Regulated gas sales	2	0.00	8	0.01
Interest expense, net	11	0.01	21	0.03
Other	(28)	(0.03)	(28)	(0.03)
Share dilution		0.00			(0.02)
Change in contribution to operating earnings	($9)	($0.01)		($6)	($0.02)
Contracted Assets
Margin	$32	$0.03	($11)	($0.02)
Select operations and maintenance expense2	(7)	(0.01)	1	0.00
Renewable energy investment tax credits	0	0.00	7	0.01
Interest expense, net	3	0.00	10	0.01
Other	(2)	0.00	(8)	(0.01)
Share dilution		0.00			(0.01)
Change in contribution to operating earnings	$26	$0.02		($1)	($0.02)
Corporate and Other		($0.08)	$161	$0.15
Share dilution and other	($52)
Change in contribution to operating earnings	($52)	($0.08)		$161	$0.15
Change in consolidated operating earnings	($30)	($0.07)	$311	$0.22
Change in adjustments included in reported earnings 1	($589)	($0.69)		($1,743)	($2.02)
Change in consolidated reported earnings	($619)	($0.76)		($1,432)	($1.80)

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 www.dominionenergy.com/investors.
Includes salaries, wages, and benefits and outage expenses.

Note: Figures may not sum due to rounding

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Financials

Consolidated Financial Statements (GAAP)

Dominion Energy, Inc.

Consolidated Balance Sheets *

Unaudited & Summarized (GAAP Based)

($ in Millions)

									September 30,			December 31,
										2020					20191
Assets
Current assets	$	413
Cash and cash equivalents		$	135
Customer receivables (less allowance for doubtful accounts of $51 and $18)		2,002					2,085
Other receivables (less allowance for doubtful accounts of $3 at both dates)		174					340
Inventories		1,565					1,616
Prepayments		632					296
Regulatory assets		663					871
Other		232					218
Current assets held for sale		14,148					535
Total current assets		19,829					6,096
Investments			6,357
Nuclear decommissioning trust funds						6,192
Investment in equity method affiliates		137					1,334
Other		396					379
Total investments				6,890					7,905
Property, Plant and Equipment					81,729
Property, plant and equipment						82,043
Accumulated depreciation, depletion and amortization		(24,941)				(24,843)
Total property, plant and equipment, net						56,788					57,200
Deferred Charges and Other Assets							7,395
Goodwill						7,395
Regulatory assets		9,449					7,652
Other		4,184					3,618
Total deferred charges and other assets								21,028					18,665
Noncurrent assets held for sale									-					13,957
Total assets									$	104,535			$	103,823

1)Dominion Energy's Consolidated Balance Sheet at December 31, 2019 has been derived from the audited Consolidated Financial Statements at that date.

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.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Dominion Energy, Inc.

Consolidated Balance Sheets *

Unaudited & Summarized (GAAP Based)

($ in Millions)

		September 30,	December 31,
			2020					20191
Liabilities and Equity
Current Liabilities	$	2,700
Securities due within one year				$	2,462
Supplemental 364-Day credit facility borrowings		225					-
Short-term debt		2,328					849
Accounts payable		738					1,023
Accrued interest, payroll and taxes		1,146					1,284
Regulatory liabilities		716					455
Derivative liabilities		223					394
Other		2,604					2,434
Current liabilities held for sale		6,880					1,039
Total current liabilities			17,560					9,940
Long-Term Debt			30,103
Long-term debt						25,492
Junior subordinated notes		2,160					3,406
Other		882					100
Total long-term debt			33,145					28,998
Deferred Credits and Other Liabilities			5,812
Deferred income taxes and investment tax credits						6,277
Regulatory liabilities		10,170					10,204
Derivative liabilities		537					329
Other		9,245					8,288
Total deferred credits and other liabilities			25,764					25,098
Noncurrent liabilities held for sale			-					5,754
Total liabilities			76,469					69,790
Commitments and Contingencies
Equity		2,387
Preferred stock						2,387
Common stock - no par2		21,930				23,824
Retained earnings		4,035					7,576
Accumulated other comprehensive loss		(2,016)				(1,793)
			26,336
Total shareholders' equity						31,994
Noncontrolling interests			1,730					2,039
Total equity		28,066					34,033
Total liabilities and equity		$	104,535				$	103,823

1)Dominion Energy's Consolidated Balance Sheet at December 31, 2019 has been derived from the audited Consolidated Financial Statements at that date.

2)1.8 billion shares authorized; 816 million shares and 838 million shares outstanding at September 30, 2020 and December 31, 2019, respectively.

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.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Dominion Energy, Inc.

Consolidated Statements of Cash Flows*

Unaudited ($ in millions)

Nine Months Ended September 30,		2020			2019
Operating Activities	$	(1,240)
Net income (loss) including noncontrolling interests	$	366
Adjustments to reconcile net income (loss) including noncontrolling interests to
net cash provided by operating activities:		2,178
Depreciation, depletion and amortization (including nuclear fuel)				2,235
Deferred income taxes and investment tax credits		(380)			112
Provision for refunds and rate credits to electric utility customers		-			936
Impairment of assets and other charges		2,207			982
Loss for equity method investee		2,376			-
Charges related to a voluntary retirement program		-			384
Net gains on nuclear decommissioning trusts funds and other investments		(101)			(418)
Revision to future ash pond and landfill closure costs		-			(113)
Other adjustments		84			(29)
Changes in:		291
Accounts receivable				354
Inventories		29			(106)
Deferred fuel and purchased gas costs, net		206			158
Prepayments		(292)			31
Accounts payable		(186)			(446)
Accrued interest, payroll and taxes		(113)			(123)
Customer deposits		(9)			(94)
Margin deposit assets and liabilities		3			54
Net realized and unrealized changes related to derivative activities		285			1
Pension and other postretirement benefits		(170)			(107)
Other operating assets and liabilities		(358)			(468)
Net cash provided by operating activities		4,810			3,709
Investing Activities		(4,409)
Plant construction and other property additions (including nuclear fuel)				(3,407)
Cash and restricted cash acquired in the SCANA Combination		-			389
Acquisition of solar development projects		(245)			(183)
Proceeds from sales of securities		2,868			1,311
Purchases of securities		(2,948)			(1,330)
Proceeds from sale of assets and equity method investments		71			211
Contributions to equity method affiliates		(92)			(187)
Acquisition of equity method investments		(178)			-
Other		73			36
Net cash used in investing activities		(4,860)			(3,160)
Financing Activities		1,417
Issuance of short-term debt, net				1,913
Issuance of short-term notes		1,125			3,000
Repayment of short-term notes		(625)			-
Supplemental 364-Day credit facility borrowings		225			-
Repayment of credit facility borrowings		-			(113)
Issuance of long-term debt		5,677			2,298
Repayment of long-term debt, including redemption premiums		(2,546)			(8,595)
Issuance of 2019 Equity Units		-			1,582
Issuance of common stock		159			1,802
Repurchase of common stock		(2,385)			-
Common dividend payments		(2,362)			(2,224)
Other		(346)			(163)
Net cash provided by (used in) financing activities		339			(500)
Increase in cash, restricted cash and equivalents		289			49
Cash, restricted cash and equivalents at beginning of period		269			391
Cash, restricted cash and equivalents at end of period	$	558	$	440
Supplemental Cash Flow Information
Significant noncash investing and financing activities:		461
Accrued capital expenditures				378
Leases		45			102

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.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Segment Earnings Results

Dominion Energy Consolidated Reported and Operating Results1

				Three Months Ended		Nine Months Ended
Unaudited Summary		September 30,						September 30,
(millions, except per share amounts)		2020						2019					2020					2019
Operating Revenue	$	3,607		$	3,782				$	10,651		$	10,506
Operating Expenses		594											1,758					2,250
Electric fuel and other energy-related purchases							769
Purchased electric capacity		23						11					36					74
Purchased gas		37						158					561					1,120
Other operations and maintenance 3		2,128						952					4,683					4,043
Depreciation, depletion and amortization		595						586					1,751					1,713
Other taxes		203						202					663					698
Total operating expenses			3,580						2,678					9,452					9,898
Income from operations		27						1,104					1,199					608
Other income		281						129					327					526
Income including noncontrolling interests before interest and income taxes		308						1,233					1,526					1,134
Interest and related charges		306						370					1,136					1,133
Income from continuing operations including noncontrolling interests before income taxes		2						863					390					1
Income taxes		(110)					(84)				(123)				161
															513
Net Income (loss) from continuing operations including noncontrolling interests		112						947									(160)
Net Income (loss) from discontinued operations including noncontrolling interests		19						38					(1,753)				526
Noncontrolling interests		(225)					10					(157)				17

Reported Earnings (Loss)		$	356			$	975				$	(1,083)		$	349
Reported Earnings (Loss) Per Share4		$	0.41			$	1.17				$	(1.38)		$	0.42
Adjustments to reported earnings:
Pre-tax Loss (Income) 2		859						(21)				4,572					1,967
Income Tax 2		(299)					(8)				(1,155)				(293)
										(29)				3,417					1,674
				560
Operating Earnings	$	916		$	946				$	2,334		$	2,023

Operating Earnings Per Share4	$	1.08		$	1.15				$	2.73		$	2.51
Average shares outstanding, diluted		833.8						813.0					837.1					802.9
Adjusted EBIT Reconciliation
Reported Earnings (Loss)	$	356		$	975				$	(1,083)	$	349
Noncontrolling interest		(225)					10					(157)				17
Discontinued Operations		(19)					(38)				1,753					(526)
Income taxes		(110)					(84)				(123)				161
Interest and related charges		306						370					1,136					1,133
							$	1,233				$	1,526			$	1,134
Adjustments2	$	308
	802						107					1,854					2,356
Adjusted EBIT							$	1,340				$	3,380			$	3,490
	$	1,110

Dominion Energy Consolidated Income Statement reflects the impact of segment eliminations and adjustments.
For additional details on adjustments to reporting earnings and to EBIT, see the GAAP Reconciliation schedules on pages 22-28.
Includes impairment of assets and other charges.
The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company's convertible preferred securities entered on June 2019. Such fair value adjustments, if any, are required for the calculation of diluted reported earnings per share. No adjustments were necessary for the three months ended September 30,2020. For the nine months ended September 30, 2020, the fair value adjustment required for diluted reported earnings per share calculation was $28 million. For the three months ended September 30, 2019, the fair value adjustment required for diluted reported earnings per share calculation was $13 million. No adjustments
were necessary for the nine months ended September 30,2019. In each quarter of 2020, the calculation of reported and operating earnings per 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 associated with the Series B preferred stock equity units entered in December 2019. See Forms 10-Q and 10-K for additional information.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Dominion Energy Virginia Reported and Operating Results

			Three Months Ended					Nine Months Ended
Unaudited Summary			September 30,					September 30,
(millions, except per share amounts)			2020					2019						2020			2019
Operating Revenue	$	2,254	$	2,269		$	6,003				$	6,209
Operating Expenses			424											1,282
Electric fuel and other energy-related purchases							559									1,691
Purchased (excess) electric capacity			2					(1)					(14)			45
Purchased gas			-					-						-			-
Other operations and maintenance			502					427						1,282			1,201
Depreciation, depletion and amortization			323					311						939			911
Other taxes			85					83						258			252
Total operating expenses			1,336					1,379						3,747			4,100
Income from operations			918					890						2,256			2,109
Other income			15					10						42			28
Income including noncontrolling interests before interest and income taxes			933					900						2,298			2,137
Interest and related charges			136					139						407			412
Income from continuing operations including noncontrolling			797											1,891
interests before income taxes							761									1,725
Income taxes			184					132						412			342
Net Income from continuing operations including noncontrolling interests			613					629						1,479			1,383
Net Income from discontinued operations including noncontrolling interests			-					-						-			-
Noncontrolling interests			-					-						-			-
Reported and Operating Earnings Contribution	$	613	$	629		$	1,479				$	1,383

Reported and Operating Earnings Per Share Contribution	$	0.74	$	0.77		$	1.77				$	1.72
Average shares outstanding, diluted			833.8					813.0						837.1			802.9
Adjusted EBIT Reconciliation
Reported Earnings	$	613	$	629		$	1,479				$	1,383
Noncontrolling interest			-					-						-			-
Discontinued Operations			-					-						-			-
Income taxes			184					132						412			342
Interest and related charges			136					139						407			412
Adjusted EBIT	$	933			$	900			$	2,298				$	2,137

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Gas Distribution Reported and Operating Results

			Three Months Ended						Nine Months Ended
Unaudited Summary		September 30,						September 30,
(millions, except per share amounts)		2020					2019					2020		2019
Operating Revenue	$	314	$	327	$	1,606	$	1,648
Operating Expenses		-										-
Electric fuel and other energy-related purchases						-							-
Purchased electric capacity		-					-					-		-
Purchased gas		2					3					338		386
Other operations and maintenance		136					141					443		453
Depreciation, depletion and amortization		86					86					256		253
Other taxes		39					45					144		161
Total operating expenses		263					275					1,181		1,253
Income from operations		51					52					425		395
Other income		30					27					88		78
Income including noncontrolling interests before interest and income taxes		81					79					513		473
Interest and related charges		16					31					62		87
Income from continuing operations including noncontrolling		65										451
interests before income taxes						48							386
Income taxes		1					5					76		72
Net Income from continuing operations including noncontrolling interests		64					43					375		314
Net Income from discontinued operations including noncontrolling interests		-					-					-		-
Noncontrolling interests		-					-					-		-
Reported and Operating Earnings Contribution	$	64	$	43	$	375	$	314
		$	0.08
Reported and Operating Earnings Per Share Contribution	$	0.05	$	0.45	$	0.39
Average shares outstanding, diluted		833.8					813.0					837.1		802.9
Adjusted EBIT Reconciliation
Reported Earnings	$	64	$	43	$	375	$	314
Noncontrolling interest		-					-					-		-
Discontinued Operations		-					-					-		-
Income taxes		1					5					76		72
Interest and related charges		16					31					62		87
Adjusted EBIT		$	81			$	79			$	513
							$	473

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Dominion Energy South Carolina Reported and Operating Results

				Three Months Ended							Nine Months Ended
Unaudited Summary		September 30,							September 30,
(millions, except per share amounts)		2020						2019					2020			2019
Operating Revenue	$	759	$	793	$	2,108	$	2,185
Operating Expenses		144											390
Electric fuel and other energy-related purchases							179								505
Purchased electric capacity		22						14					52			31
Purchased gas		28						34					129			122
Other operations and maintenance		157						126					445			425
Depreciation, depletion and amortization		118						116					354			335
Other taxes		55						54					180			188
Total operating expenses		524						523					1,550			1,606
Income from operations		235						270					558			579
Other income		4						1					11			8
Income including noncontrolling interests before interest and income taxes		239						271					569			587
Interest and related charges			47						64					164			190
Income from continuing operations including noncontrolling		192											405
interests before income taxes							207								397
Income taxes		35						41					79			65
Net Income from continuing operations including noncontrolling interests		157						166					326			332
Net Income from discontinued operations including noncontrolling interests		-						-					-			-
Noncontrolling interests		-						-					-			-
Reported and Operating Earnings Contribution	$	157	$	166	$	326	$	332

Reported and Operating Earnings Per Share Contribution	$	0.19	$	0.20	$	0.39	$	0.41
Average shares outstanding, diluted		833.8						813.0					837.1			802.9
Adjusted EBIT Reconciliation
Reported Earnings	$	157	$	166	$	326	$	332
Noncontrolling interest		-						-					-			-
Discontinued Operations		-						-					-			-
Income taxes		35						41					79			65
Interest and related charges		47						64					164			190
Adjusted EBIT		$	239			$	271			$	569	$	587

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Contracted Assets Reported and Operating Results

			Three Months Ended			Nine Months Ended
Unaudited Summary		September 30,			September 30,
(millions, except per share amounts)		2020				2019					2020					2019
Operating Revenue	$	301			$	271		$	846				$	878
Operating Expenses		29									94
Electric fuel and other energy-related purchases					32									103
Purchased electric capacity		-				-					-					-
Purchased gas		7				3					18					1
Other operations and maintenance		377				103					626					359
Depreciation, depletion and amortization		45				44					139					134
Other taxes		12				10					41					40
Total operating expenses		470				192					918					637
Income (loss) from operations		(169)			79					(72)				241
Other income		14				19					54					64
Income (loss) including noncontrolling interests before interest and income taxes		(155)			98					(18)				305
Interest and related charges		18				24					56					74
Income (loss) from continuing operations including noncontrolling		(173)								(74)
interests before income taxes				74								231
Income taxes		23				16					38					57
Net Income (loss) from continuing operations including noncontrolling interests		(196)			58					(112)				174
Net Income from discontinued operations including noncontrolling interests1		51				38					153					133
Noncontrolling interests		(257)			10					(254)				11

Reported and Operating Earnings Contribution	$	112			$	86		$	295				$	296

Reported and Operating Earnings Per Share Contribution	$	0.13			$	0.11		$	0.35				$	0.37
Average shares outstanding, diluted		833.8				813.0					837.1					802.9
Adjusted EBIT Reconciliation
Reported Earnings	$	112			$	86		$	295				$	296
Noncontrolling interest		(257)			10					(254)				11
Discontinued Operations		(51)			(38)				(153)				(133)
Income taxes		23				16					38					57
Interest and related charges		18				24					56					74
Adjusted EBIT						$	98			$	(18)			$	305
	$	(155)

1The Company retained a 50% noncontrolling interest in Cove Point, which, as of November 1, 2020, is being accounted for as an equity method investment.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Corporate & Other Reported and Operating Results

			Three Months Ended				Nine Months Ended
Unaudited Summary		September 30,				September 30,
(millions, except per share amounts)		2020						2019					2020					2019
Operating Revenue	$	222		$	349		$	815				$	423
Operating Expenses		-											-
Electric fuel and other energy-related purchases							-									-
Purchased electric capacity		-						-					-					-
Purchased gas		6						121					91					610
Other operations and maintenance2		1,189						375					2,587					2,390
Depreciation, depletion and amortization		23						29					63					80
Other taxes		12						11					42					59
Total operating expenses		1,230						536					2,783					3,139
Income (loss) from operations		(1,008)					(187)				(1,968)				(2,716)
Other income		231						109					211					449
Income (loss) including noncontrolling interests before interest and income taxes		(777)					(78)				(1,757)				(2,267)

Interest and related charges		102						149					526					471
Income (loss) from continuing operations including noncontrolling		(879)										(2,283)
interests before income taxes						(227)							(2,738)
Income taxes		(353)					(278)				(728)				(375)
Net Income (loss) from continuing operations including
	(526)										(1,555)
noncontrolling interests						51								(2,363)
Net Income (loss) from discontinued operations including		(32)										(1,906)
noncontrolling interests						-								393
Noncontrolling interests		32						-					97					6
Reported Earnings (Loss) Contribution	$	(590)	$	51		$	(3,558)			$	(1,976)

Reported Earnings (Loss) Per Share Contribution3		$	(0.73)		$	0.04		$	(4.34)			$	(2.47)
Adjustments to reported earnings:
Pre-tax Loss (Income)1		859						(21)				4,572					1,967
Income Tax1		(299)					(8)				(1,155)				(293)
			560						(29)				3,417					1,674
Operating Earnings (Loss) Contribution	$	(30)	$	22		$	(141)			$	(302)

Operating Earnings (Loss) Per Share Contribution3		$	(0.06)			$	0.02			$	(0.23)			$	(0.38)
Average shares outstanding, diluted			833.8						813.0					837.1					802.9
Adjusted EBIT Reconciliation
Reported Earnings (Loss)	$	(590)	$	51		$	(3,558)			$	(1,976)
Noncontrolling interest		32						-					97					6
Discontinued Operations		32						-					1,906					(393)
Income taxes		(353)					(278)				(728)				(375)
Interest and related charges			102						149					526					471
Adjustments1	$	(777)		$	(78)		$	(1,757)			$	(2,267)
	802						107					1,854					2,356
Adjusted EBIT		$	25			$	29			$	97				$	89

For additional details on adjustments to reporting earnings and to EBIT see the GAAP Reconciliation schedules on pages 22-28.
Includes impairment of assets and other charges.
The calculation of operating earnings per share excludes the impact, if any, of fair value adjustments related to the Company's convertible preferred securities entered on June 2019. Such fair value adjustments, if any, are required for the calculation of diluted reported earnings per share. No adjustments were necessary for the three months ended September 30, 2020. For the nine months ended September 30, 2020, the fair value adjustment required for diluted reported earnings per share calculation was $28 million. For the three months ended September 30, 2019, the fair value adjustment required for diluted reported earnings
per share calculation was $13 million. No adjustments were necessary for the nine months ended September 30, 2019. In each quarter of 2020, the calculation of reported and operating earnings per 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 associated with the Series B preferred stock equity units entered in December 2019. See Forms 10-Q and 10-K for additional information.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of Forecast and Outlook

Reconciliation of Operating Earnings Guidance

3Q20 Operating Earnings Summary

(millions, except per share amounts)	3Q19			3Q20
	Range of 3Q20
Description	Actual	Low	High	Actual
Dominion Energy Consolidated
Total adjusted EBIT	$1,340	$1,250	$1,385	$1,110
Consolidated interest	373	360	340	339
Consolidated income taxes	49	135	155	163
Net Income from discontinued operations including noncontrolling interest1	38	0	0	51
Noncontrolling interests	10	10	10	(257)
Operating earnings	$946	$745	$880	$916
Operating EPS	$1.15	$0.86	$1.03	$1.08
Average Diluted Shares	813.0	844	842	833.8

3Q20 Operating EPS Guidance Range		$0.85	$1.05

	3Q20 Operating EPS Actual >>>	$1.08

Notes:

1Operating earnings includes 50% interest in Cove Point retained by the Company and reflected in discontinued operations Figures may not sum due to rounding

For additional detail on items excluded from operating earnings see the GAAP Reconciliation schedule on pages 26 and 27 The calculation of operating earnings per share includes the impact of preferred dividends

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

4Q20 Operating Earnings Forecast

(millions, except per share amounts)
	4Q19	Range of 4Q202
Description	Actual	Low	High
Dominion Energy Consolidated
Total adjusted EBIT	$1,412	$1,078	$1,168
Consolidated interest	352	355	340
Consolidated income taxes	262	125	105
Net Income from discontinued operations including noncontrolling interest1	50	0	0
Noncontrolling interests	(4)	(15)	(15)
Operating earnings	$852	$613	$738
Operating EPS	$1.02	$0.73	$0.89
Average Diluted Shares	826.3	815	813

4Q20 Operating EPS Guidance Range		$0.73	$0.87

Notes:

1Operating earnings includes 50% interest in Cove Point retained by the Company and reflected in discontinued operations

2Effective November 1, 2020, 50% interest in Cove Point retained by the Company is being accounted for as an equity method investment Figures may not sum due to rounding

For additional detail on items excluded from operating earnings see the GAAP Reconciliation schedule on page 28 The calculation of operating earnings per share includes the impact of preferred dividends

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

GAAP Reconciliation

Reconciliation of 2020 Consolidated Reported Earnings to Operating Earnings

Unaudited Income Statements (millions, except per share amounts)

						Three Months Ended									Nine Months Ended
						September 30, 2020									September 30, 2020
			GAAP	Adjustments		Operating			GAAP	Adjustments			Operating
Operating Revenue	$	3,607		$	21		(a)	$	3,628		$	10,651		$	13		(a)	$	10,664
Operating Expenses
Electric fuel and other energy-related purchases			594			-				594				1,758			-				1,758
Purchased electric capacity			23			-				23				36			-				36
Purchased gas			37			10		(a)		47				561			10		(a)		571
Other operations and maintenance			2,128			(934) (b),(c),(g),(h,(i),(j),		1,194				4,683			(1,823) (b),(c),(g),(h),(i),(j),		2,860
Depreciation, depletion and amortization			595			-		(k)		595				1,751			-		(k)		1,751

Other taxes			203			-				203				663			-				663
			3,580			(924)			2,656				9,452
Total operating expenses												(1,813)			7,639
Income from operations			27			945				972				1,199			1,826				3,025
Other income			281			(143)	(b),(d),(e),(h),(l)		138				327			28		(b),(d),(e),(h),(l)		355
Income including noncontrolling interests before interest
and income taxes			308			802				1,110				1,526			1,854				3,380
Interest and related charges			306			33		(a),(b),(e)		339				1,136			(98)	(a),(b),(e)		1,038
Income from continuing operations including noncontrolling
interests before income taxes			2			769				771				390			1,952				2,342
Income taxes			(110)		273		(f)		163				(123)		538		(f)		415
Net Income from continuing operations including
noncontrolling interests			112			496				608				513			1,414				1,927
Net Income (Loss) from discontinued operations
including noncontrolling interests			19			32		(m)		51				(1,753)		1,906		(m)		153
Noncontrolling interests			(225)		(32)	(n)		(257)			(157)		(97)	(n)		(254)
		$	356		$	560			$	916
Earnings (Loss)					$	(1,083)	$	3,417			$	2,334
		$	0.41		$	0.67
Earnings (Loss) Per Share - Diluted				$	1.08		$	(1.38)	$	4.11			$	2.73
Average shares outstanding, diluted			833.8							833.8				837.1							837.1
Adjustments to Reported Earnings

Mark-to-marketimpact of economic hedging activities.
Merger and integration-related costs.
Charges associated with regulated asset retirements and other charges.
Net gain/loss on our investment in nuclear decommissioning trust funds.
Items associated with liability management and financing.
Income tax provisions associated with adjustments to reported earnings.
Allowance for credit risk on customer accounts.
Other miscellaneous items.
Impairments of merchant solar generation facilities.
Contract termination in connection with the sale of Fowler Ridge.
Restoration costs associated with Tropical Storm Isaias.
Items associated with social justice commitments.
Items related to Gas Transmission and Storage segment discontinued operations. Amount excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 2019 Consolidated Reported Earnings to Operating Earnings

Unaudited Income Statements (millions, except per share amounts)

							Three Months Ended											Nine Months Ended
							September 30, 2019											September 30, 2019
			GAAP	Adjustments		Operating			GAAP		Adjustments		Operating
Operating Revenue	$	3,782		$	(3)	(e)	$	3,779		$	10,506		$	1,051		(a), (e)	$	11,557
Operating Expenses
Electric fuel and other energy-related purchases			769				-					769				2,250				-				2,250
Purchased electric capacity			11				-					11				74				-				74
Purchased gas			158				-					158				1,120				-				1,120
Other operations and maintenance			952				(140)	(a),(b)			812				4,043				(1,546)	(a),(b),(c),(e),		2,497
Depreciation, depletion and amortization			586				-					586				1,713				1		(e)		1,714
Other taxes			202				-					202				698				(14)	(a)		684

Total operating expenses			2,678				(140)				2,538				9,898				(1,559)			8,339
Income from operations			1,104				137					1,241				608				2,610				3,218
Other income			129				(30)	(a),(d)			99				526				(254)	(a),(b),(d)		272
Income including noncontrolling interests before
interest and income taxes			1,233				107					1,340				1,134				2,356				3,490
Interest and related charges			370				3		(a)			373				1,133				(7)	(a),(b)		1,126
Income from continuing operations including
noncontrolling interests before income taxes			863				104					967				1				2,363				2,364
Income taxes			(84)			133		(f)			49				161				302		(f),(g)		463
Net Income (loss) from continuing operations
including noncontrolling interests			947				(29)				918				(160)			2,061				1,901
Net Income from discontinued operations
including noncontrolling interests			38				-					38				526				(393)	(h)		133
Noncontrolling interests			10				-					10				17				(6)	(i)		11

Earnings	$	975			$	(29)		$	946		$	349		$	1,674			$	2,023
	$	1.17
Earnings Per Share - Diluted			$	(0.02)		$	1.15		$	0.42		$	2.09			$	2.51
Average shares outstanding, diluted			813.0									813.0				802.9								802.9
Adjustments to Reported Earnings

Merger and integration-related costs.
Charges associated with regulated asset and contract retirements/terminations.
Revision to ash pond and landfill closure costs at certain Virginia utility power stations.
Net gain on our investment in nuclear decommissioning trust funds.
Other miscellaneous items.
Income tax provisions associated with adjustments to reported earnings.
Deferred tax adjustments associated with the SCANA Combination.
Items related to Gas Transmission and Storage segment discontinued operations. Amount excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 2020 Corporate and Other Reported Earnings to Operating Earnings

Unaudited Income Statements (millions, except per share amounts)

					Three Months Ended							Nine Months Ended
					September 30, 2020							September 30, 2020
		GAAP	Adjustments		Operating		GAAP		Adjustments		Operating
Operating Revenue	$	222		$	21		(a)	$	243		$	815	$	13		(a)	$	828
Operating Expenses
Electric fuel and other energy-related purchases		-			-				-			-		-				-
Purchased electric capacity		-			-				-			-		-				-
Purchased gas		6			10		(a)		16			91		10		(a)		101
Other operations and maintenance		1,189			(934)	(b),(c),(g),(h,(i),(j),(k)		255			2,587		(1,823)	(b),(c),(g),(h),(i),(j),(k)		764
Depreciation, depletion and amortization		23			-				23			63		-				63
Other taxes		12			-				12			42		-				42
Total operating expenses		1,230			(924)			306			2,783		(1,813)			970

Income (Loss) from operations		(1,008)		945				(63)		(1,968)		1,826				(142)
Other income		231			(143)	(b),(d),(e),(h),(l)		88			211		28		(b),(d),(e),(h),(l)		239
Income (Loss) including noncontrolling interests before
interest and income taxes		(777)		802				25			(1,757)		1,854				97
Interest and related charges		102			33		(a),(b),(e)		135			526		(98)	(a),(b),(e)		428
Income (Loss) from continuing operations including
noncontrolling interests before income taxes		(879)		769				(110)		(2,283)		1,952				(331)
Income taxes		(353)		273		(f)		(80)		(728)		538		(f)		(190)
Net Loss from continuing operations including
noncontrolling interests		(526)		496				(30)		(1,555)		1,414				(141)
Net Loss from discontinued operations
including noncontrolling interests		(32)		32		(m)		-			(1,906)		1,906		(m)		-
Noncontrolling interests		32			(32)	(n)		-			97		(97)	(n)		-

Earnings (Loss)	$	(590)	$	560			$	(30)	$	(3,558)	$	3,417			$	(141)

Earnings (Loss) Per Share - Diluted	$	(0.73)	$	0.67			$	(0.06)	$	(4.34)	$	4.11			$	(0.23)
Average shares outstanding, diluted		833.8							833.8			837.1						837.1
Adjustments to Reported Earnings

Mark-to-marketimpact of economic hedging activities.
Merger and integration-related costs.
Charges associated with regulated asset retirements and other charges.
Net gain/loss on our investment in nuclear decommissioning trust funds.
Items associated with liability management and financing.
Income tax provisions associated with adjustments to reported earnings.
Allowance for credit risk on customer accounts.
Other miscellaneous items.
Impairments of merchant solar generation facilities.
Contract termination in connection with the sale of Fowler Ridge.
Restoration costs associated with Tropical Storm Isaias.
Items associated with social justice commitments.
Items related to Gas Transmission and Storage segment discontinued operations. Amount excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 2019 Corporate and Other Reported Earnings to Operating Earnings

Unaudited Income Statements (millions, except per share amounts)

							Three Months Ended										Nine Months Ended
							September 30, 2019										September 30, 2019
		GAAP	Adjustments		Operating			GAAP			Adjustments		Operating
Operating Revenue	$	349		$	(3)	(e)	$	346		$	423	$	1,051		(a), (e)	$	1,474
Operating Expenses
Electric fuel and other energy-related purchases		-					-						-				-			-				-
Purchased electric capacity		-					-						-				-			-				-
Purchased gas		121					-						121				610			-				610
Other operations and maintenance		375					(140)	(a),(b)			235				2,390			(1,546)	(a),(b),(c),(e),		844
Depreciation, depletion and amortization		29					-						29				80			1		(e)		81
Other taxes		11					-						11				59			(14)	(a)		45

Total operating expenses		536					(140)					396				3,139			(1,559)			1,580

Income (Loss) from operations		(187)				137						(50)			(2,716)			2,610				(106)
Other income		109					(30)	(a),(d)			79				449			(254)	(a),(b),(d)		195
Income (Loss) including noncontrolling interests
before interest and income taxes		(78)				107						29				(2,267)			2,356				89
Interest and related charges		149					3			(a)			152				471			(7)	(a),(b)		464
Income (Loss) including noncontrolling interests
before income taxes		(227)				104						(123)			(2,738)			2,363				(375)
Income taxes		(278)				133			(f)			(145)			(375)			302		(f),(g)		(73)
Net Income (loss) from continuing operations including
noncontrolling interests		51					(29)				22				(2,363)			2,061				(302)
Net Income from discontinued operations
including noncontrolling interests		-					-						-				393			(393)	(h)		-
Noncontrolling interests		-					-						-				6			(6)	(i)		-
	$	51
Earnings (Loss)		$	(29)		$	22		$	(1,976)	$	1,674			$	(302)

Earnings (Loss) Per Share - Diluted	$	0.04		$	(0.02)		$	0.02		$	(2.47)	$	2.09			$	(0.38)
Average shares outstanding, diluted		813.0											813.0				802.9							802.9
Adjustments to Reported Earnings

Merger and integration-related costs.
Charges associated with regulated asset and contract retirements/terminations.
Revision to ash pond and landfill closure costs at certain Virginia utility power stations.
Net gain on our investment in nuclear decommissioning trust funds.
Other miscellaneous items.
Income tax provisions associated with adjustments to reported earnings.
Deferred tax adjustments associated with the SCANA Combination.
Items related to Gas Transmission and Storage segment discontinued operations. Amount excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 3Q20 Reported Earnings to 3Q20 Operating Earnings

Unaudited, Operating Segments
(millions, except per share amounts)
	3Q20			3Q20
Description	Reported	Adjustments	Operating1
Dominion Energy Consolidated
Total Adjusted EBIT	$308	$802	(a),(b),(c),(d),(e),(f),(g),(h),(i),(j)	$1,110
Consolidated Interest	306	33	(a),(b),(k)	339
Consolidated Income Taxes	(110)	273	(l)	163
Net Income from discontinued operations including
noncontrolling interest	19	32	(m)	51
Noncontrolling Interests	(225)	(32)	(n)	(257)
Earnings	$356	$560		$916
Average Diluted Shares Outstanding	833.8	833.8		833.8
Reported EPS
$0.41	---		---
Adjustments to reported earnings	---	$0.67		---
Operating EPS	---	---		$1.08

Adjustments to Reported Earnings

Mark-to-marketimpact of economic hedging activities.
Merger and integration-related costs.
Charges associated with regulated asset retirements and other charges.
Net gain/loss on our investment in nuclear decommissioning trust funds.
Impairments of merchant solar generation facilities.
Contract termination in connection with the sale of Fowler Ridge.
Allowance for credit risk on customer accounts.
Restoration costs associated with Tropical Storm Isaias.
Items associated with social justice commitments.
Other miscellaneous items.
Items associated with liability management and financing.
Income tax provisions associated with adjustments to reported earnings.
Items related to Gas Transmission and Storage segment discontinued operations. Amount excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

1Operating earnings includes 50% Interest in Cove Point retained by the Company and reflected in discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 3Q19 Reported Earnings to 3Q19 Operating Earnings

Unaudited, Operating Segments
(millions, except per share amounts)	3Q19			3Q19

Description	Reported	Adjustments	Operating1
Dominion Energy Consolidated
Total Adjusted EBIT	$1,233	$107	(a),(b),(c),(d),(e)	$1,340
Consolidated Interest	370	3	(a)	373
Consolidated Income Taxes	(84)	133	(f)	49
Net Income from discontinued operations including
noncontrolling interest	38	0		38
Noncontrolling Interests	10	0		10
Earnings	$975	($29)		$946
Average Diluted Shares Outstanding	813.0	813.0		813.0
Reported EPS
$1.17	---		---
Adjustments to reported earnings	---	($0.02)		---
Operating EPS	---	---		$1.15

Adjustments to Reported Earnings

Merger and integration-related costs.
Charges associated with regulated asset and contract retirements/terminations.
Restoration costs associated with Hurricane Dorian.
Net gain on our investment in nuclear decommissioning trust funds.
Other miscellaneous items.
Income tax provisions associated with adjustments to reported earnings.

1Operating earnings includes 50% Interest in Cove Point retained by the Company and reflected in discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

Reconciliation of 4Q19 Reported Earnings to 4Q19 Operating Earnings

Unaudited, Operating Segments
(millions, except per share amounts)
	4Q19			4Q19
Description	Reported	Adjustments	Operating1
Dominion Energy Consolidated
Total Adjusted EBIT	$1,221	$191	(a),(b),(c),(d)	$1,412
Consolidated Interest	353	(1)	(a)	352
Consolidated Income Taxes	48	214	(e)	262
Net Income from discontinued operations including
noncontrolling interest	190	(140)	(f)	50
Noncontrolling Interests	1	(5)	(g)	(4)
Earnings	$1,009	($157)		$852
Average Diluted Shares Outstanding	826.3	826.3		826.3
Reported EPS
$1.21	---		---
Adjustments to reported earnings	---	($0.19)		---
Operating EPS	---	---		$1.02

Adjustments to Reported Earnings

Merger and integration-related costs.
Charges associated with regulated asset and contract retirements/terminations.
Other miscellaneous items.
Net gain/loss on our investment in nuclear decommissioning trust funds.
Income tax provisions associated with adjustments to reported earnings.
Items related to Gas Transmission and Storage segment discontinued operations. Adjustment excludes 50% interest in Cove Point retained by the Company.
Noncontrolling interests related to Gas Transmission and Storage segment discontinued operations.

1Operating earnings includes 50% Interest in Cove Point retained by the Company and reflected in discontinued operations.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

D O M I N I O N E N E R G Y - 3 Q 2 0 E A R N I N G S R E L E A S E K I T

2020 Earnings Expectations

Earnings Per Share (diluted)

Reconciliation of measures prepared in accordance with Generally Accepted Accounting Principles (GAAP) versus non-GAAP measures


4Q	2020 Operating Earnings (estimate):	$0.73 - $0.87
4Q	2020 Reported Earnings (estimate):	See Note 1 below
FY 2020	Operating Earnings (estimate):	$3.37 - $3.63
FY 2020	Reported Earnings (estimate):	See Note 1 below

1. In providing its fourth-quarter and full-year 2020 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. At this time, Dominion Energy management is not able to estimate the aggregate impact of these items on future period reported earnings. Accordingly, Dominion Energy is not able to provide a corresponding GAAP equivalent for its operating earnings guidance.

Dominion Energy's estimates of fourth-quarter and full-year 2020 earnings 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 federal, state and local environmental laws and regulations, including proposed carbon regulations; cost of environmental compliance; changes in enforcement practices of regulators relating to environmental standards and litigation exposure for remedial activities; capital market conditions, including the availability of credit and the ability to obtain financing on reasonable terms; fluctuations in interest rates; changes in rating agency requirements or credit ratings and their effect on availability and cost of capital; impacts of acquisitions, divestitures, transfers of assets by Dominion Energy to joint ventures, and retirements of assets based on asset portfolio reviews; receipt of approvals for, and timing of, closing dates for acquisitions and divestitures; the expected timing and likelihood of completion of the proposed transaction with Berkshire Hathaway Energy, including the ability to obtain the requisite regulatory approvals and the terms and conditions of such regulatory approvals; changes in demand for Dominion Energy's services; additional competition in Dominion Energy's industries; changes to regulated rates collected by Dominion Energy; changes in operating, maintenance and construction costs; timing and receipt of regulatory approvals necessary for planned construction or expansion projects and compliance with conditions associated with such regulatory approvals; adverse outcomes in litigation matters or regulatory proceedings; and the inability to complete planned construction projects within time frames initially anticipated. 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.

November 5, 2020

Please refer to page 3 for risks and uncertainties related to projections and forward-looking statements.

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Dominion Energy Inc. published this content on 05 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 05 November 2020 15:06:03 UTC

Real-time Estimate Cboe BZX Other stock markets 11:31:26 2024-05-09 am EDT			5-day change	1st Jan Change
52.78 ^USD	+1.22%		+3.34%	+12.49%

May. 07	Dominion Energy Keeps Quarterly Dividend at $0.6675 per Share, Payable June 20 to Shareholders of Record May 31	MT
May. 07	Dominion Energy, Inc. Declares Quarterly Dividend, Payable on June 20, 2024	CI

Dominion Energy Keeps Quarterly Dividend at $0.6675 per Share, Payable June 20 to Shareholders of Record May 31	May. 07	MT
Dominion Energy, Inc. Declares Quarterly Dividend, Payable on June 20, 2024	May. 07	CI
Dominion Energy Launches Cash Tender Offer for 4.65% Series B Preferred Stock	May. 07	MT
BMO Capital Adjusts Price Target on Dominion Energy to $52 From $51	May. 06	MT
Guggenheim Adjusts Price Target on Dominion Energy to $56 From $52	May. 03	MT
Evercore ISI Adjusts Price Target on Dominion Energy to $53 From $47	May. 03	MT
Wells Fargo Adjusts Price Target on Dominion Energy to $55 From $51	May. 03	MT
Mizuho Adjusts Price Target on Dominion Energy to $52 From $45	May. 03	MT
Utilities Up as Traders Rotate Back Into Rate-Sensitive Sector - Utilities Roundup	May. 02	DJ
Dominion Energy Sees Rise in Electricity Demand By Data Centers, CEO Says	May. 02	MT
Transcript : Dominion Energy, Inc., Q1 2024 Earnings Call, May 02, 2024	May. 02
Sector Update: Energy Stocks Edge Higher Pre-Bell Thursday	May. 02	MT
Dominion Energy Q1 Adjusted Earnings, Revenue Fall	May. 02	MT
Earnings Flash (D) DOMINION ENERGY Reports Q1 Revenue $3.63B	May. 02	MT
Earnings Flash (D) DOMINION ENERGY Reports Q1 EPS $0.55	May. 02	MT
Dominion Energy, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024	May. 02	CI
Dominion Energy, Inc. Affirms Earnings Guidance for the Full-Year 2024 and 2025	May. 02	CI
BMO Capital Adjusts Dominion Energy Price Target to $51 From $49	Apr. 22	MT
Sector Update: Energy Stocks Decline in Monday Afternoon Trading	Apr. 15	MT
Dominion Energy Says Offshore Wind Turbine Installation Vessel Launched to Water	Apr. 15	MT
Dominion Energy Successfully Launches First Jones Act-Compliant Offshore Wind Turbine Installation Vessel	Apr. 15	CI
Barclays Trims Dominion Energy's Price Target to $49 From $50	Apr. 12	MT
US electric utilities brace for surge in power demand from data centers	Apr. 10	RE
Dominion Energy Receives Approval for New Solar Projects From Virginia Regulator	Apr. 02	MT
Virginia regulators approve Dominion Energy solar projects	Apr. 01	RE

	1st Jan change	Capi.
DOMINION ENERGY, INC.	+12.49%	43.71B
NEXTERA ENERGY	+20.79%	150B
SOUTHERN COMPANY	+10.87%	84.88B
IBERDROLA, S.A.	+1.01%	80.94B
DUKE ENERGY CORPORATION	+6.06%	79.01B
ENEL S.P.A.	-3.58%	70.36B
CONSTELLATION ENERGY CORPORATION	+78.91%	65.55B
AMERICAN ELECTRIC POWER COMPANY, INC.	+11.65%	47.75B
GE VERNOVA INC.	0.00%	44.95B
PG&E CORPORATION	-0.53%	38.12B

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