| News Release |
Media Contact: Gillian Moore
24-Hour: 800.559.3853
Analyst Contact: Mike Switzer
Office: 704.382.6473
August 4, 2026
Duke Energy reports second-quarter 2026 financial results
- Second-quarter 2026 reported EPS of $1.38 and adjusted EPS of $1.43; strong first half positions company to deliver full-year results within guidance range
- Constructive regulatory outcomes support critical investments to maintain reliability and deliver customer value
- Generation build supports growth in jurisdictions, fuels vibrant economies
CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced second-quarter 2026 reported EPS of $1.38, prepared in accordance with Generally Accepted Accounting Principles (GAAP), and adjusted EPS of $1.43. This is compared to reported and adjusted EPS of $1.25 for the second quarter of 2025.
Adjusted EPS excludes the impact of certain items that are included in reported EPS. The difference between second-quarter 2026 reported and adjusted EPS includes charges related to regulatory settlements.
Higher second-quarter 2026 adjusted results were driven by recovery of infrastructure investments to reliably serve customers in our growing jurisdictions. These items were partially offset by higher depreciation on a growing asset base and interest expense.
The company is reaffirming its 2026 adjusted EPS guidance of $6.55 to $6.80 and long-term adjusted EPS growth rate of 5% to 7% through 2030 off the 2025 midpoint of $6.30, with confidence to earn in the top half of the range beginning in 2028. Management does not forecast reported GAAP EPS and related long-term growth rates.
“We had a strong first half of the year, achieving constructive regulatory outcomes, advancing strategic priorities and maintaining excellence in our operational and financial performance,” said Harry Sideris, Duke Energy president and chief executive officer. “Looking ahead, we are well-positioned to deliver on our commitments in 2026 and seize the growth opportunities in some of the most economically attractive states in the country. As we build the critical infrastructure our customers and communities need, we’re ensuring our investments support economic growth and create long-term value while providing reliable energy at the lowest possible cost.”
Business segment results
In addition to the following summary of second-quarter 2026 business segment performance, comprehensive tables with detailed EPS drivers for the second quarter compared to prior year are provided at the end of this news release.
The discussion below of second-quarter results includes both GAAP segment income and adjusted segment income, which is a non-GAAP financial measure. The tables at the end of this news release present a full reconciliation of GAAP reported results to adjusted results.
Electric Utilities and Infrastructure
On a reported basis, Electric Utilities and Infrastructure recognized second-quarter 2026 segment income of $1,271 million, compared to segment income of $1,194 million in the second quarter of 2025. In addition to the drivers outlined below, second-quarter 2026 results include the impact of charges related to regulatory settlements, which were treated as special items and excluded from adjusted earnings.
On an adjusted basis, Electric Utilities and Infrastructure recognized second-quarter 2026 segment income of $1,310 million, compared to segment income of $1,194 million in the second quarter of 2025. This represents an increase of $0.15 per share. Higher quarterly results were primarily driven by recovery of infrastructure investments to reliably serve customers in our growing jurisdictions, partially offset by higher depreciation on a growing asset base and interest expense.
Gas Utilities and Infrastructure
On a reported and adjusted basis, Gas Utilities and Infrastructure recognized second-quarter 2026 segment income of $10 million, compared to segment income of $6 million in the second quarter of 2025. Flat quarterly results were primarily driven by recovery of infrastructure investments to reliably serve customers in our growing jurisdictions, offset by lower earnings from the sale of Piedmont's Tennessee business.
Other
Other primarily includes interest expense on holding company debt, other unallocated corporate costs and results from Duke Energy’s captive insurance company.
On a reported and adjusted basis, Other recognized a second-quarter 2026 segment loss of $204 million, compared to segment loss of $228 million in the second quarter of 2025. This represents an increase of $0.03 per share. Higher quarterly results were primarily driven by higher returns on investments and lower interest expense.
Effective tax rate
Duke Energy's consolidated reported effective tax rate for the second quarter of 2026 was 12.3% compared to 10.6% in the second quarter of 2025. The increase in the reported effective tax rate was primarily due to a decrease in the amortization of excess deferred taxes.
Duke Energy's consolidated adjusted effective tax rate was 12.6% for the second quarter of 2026 compared to 10.6% in the second quarter of 2025. The increase in the adjusted effective tax rate was primarily due to a decrease in the amortization of excess deferred taxes.
The tables at the end of this news release present a reconciliation of the reported effective tax rate to the adjusted effective tax rate.
Earnings conference call for analysts
An earnings conference call for analysts is scheduled at 10 a.m. ET today to discuss second-quarter 2026 financial results and other business and financial updates. The conference call will be hosted by Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer.
The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy’s website or by dialing 585.542.9983 in the U.S. or 833.461.5787 outside the U.S. The confirmation code is 485914666. Please call in 10 to 15 minutes prior to the scheduled start time.
Special Items and Non-GAAP Reconciliation
The following table presents a reconciliation of GAAP reported EPS to adjusted EPS for second-quarter 2026 and 2025 financial results:
| (In millions, except per share amounts) | 2Q 2026 EPS | 2Q 2025 EPS |
| EPS, as reported | $1.38 | 1.25 |
| Adjustments to reported EPS: | ||
| Second quarter 2026 | ||
| Regulatory Settlements | $0.05 | |
| Total adjustments(a) | $0.05 | — |
| EPS, adjusted | $1.43 | 1.25 |
(a) Total EPS adjustments may not foot due to rounding.
Non-GAAP financial measures
Management evaluates financial performance in part based on non-GAAP financial measures, including adjusted earnings, adjusted EPS and adjusted effective tax rate. Adjusted earnings and adjusted EPS represent income (loss) from continuing operations available to Duke Energy Corporation common stockholders in dollar and basic per share amounts, adjusted for the dollar and per share impact of special items. The adjusted effective tax rate is calculated using pretax earnings and income tax expense, both adjusted to include the impact of noncontrolling interests and preferred dividends and to exclude the impact of special items. Special items represent certain charges and credits, which management believes are not indicative of Duke Energy's ongoing performance.
Special items included within the financial statement periods presented, which management does not believe are reflective of ongoing costs, are described below:
- Regulatory Settlements represent the impact of charges related to the Duke Energy Carolinas' North Carolina rate case settlements.
Management uses these non-GAAP financial measures for planning, forecasting, and to report financial results to the Board of Directors, employees, and stockholders, as well as analysts and investors. The most directly comparable GAAP measures for adjusted earnings, adjusted EPS and the adjusted effective tax rate are Net Income (Loss) Available to Duke Energy Corporation common stockholders (GAAP reported earnings (loss)), Basic earnings (loss) per share Available to Duke Energy Corporation common stockholders (GAAP reported earnings (loss) per share), and the reported effective tax rate, respectively.
Due to the forward-looking nature of forecasted adjusted EPS and related growth rates, the information to reconcile those amounts to the most directly comparable GAAP financial measure is not available, as management is unable to project special items, such as legal settlements, impacts of regulatory orders or asset impairments, for future periods.
Management evaluates segment performance based on segment income and other net loss. Segment income and other net loss are defined as income (loss) from continuing operations net of income attributable to noncontrolling interests and preferred stock dividends. Segment income and other net loss include intercompany revenues and expenses that are eliminated in the Condensed Consolidated Financial Statements. Management also uses adjusted segment income and adjusted other net loss as measures of historical and anticipated future segment performance. Adjusted segment income and adjusted other net loss are non-GAAP financial measures, as they represent segment income and other net loss adjusted for special items, as discussed above. Management believes the presentation of adjusted segment income and adjusted other net loss provide useful information to investors, as they provide additional relevant comparison of a segment’s or Other's performance across periods. The most directly comparable GAAP measures for adjusted segment income and adjusted other net loss are segment income and other net loss.
Due to the forward-looking nature of forecasted adjusted segment income and forecasted adjusted other net loss and related growth rates, the information to reconcile these amounts to the most directly comparable GAAP financial measures are not available, as management is unable to project special items, as discussed above.
Duke Energy’s adjusted earnings, adjusted EPS, adjusted effective tax rate, adjusted segment income, and adjusted other net loss may not be comparable to similarly titled measures of another company because other companies may not calculate the measures in the same manner.
Duke Energy
Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America’s largest energy holding companies. The company's electric utilities serve 8.7 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 55,700 megawatts of energy capacity. Its natural gas utilities serve 1.6 million customers in North Carolina, South Carolina, Ohio and Kentucky.
Duke Energy is executing an energy modernization strategy, keeping customer value at the forefront as it invests in electric grid upgrades and efficient generation resources to strengthen the system and serve growing energy needs.
More information is available at duke-energy.com. Follow Duke Energy on X, LinkedIn, Instagram, TikTok and Facebook for stories about the people and innovations powering its communities.
Note: Total EPS adjustments may not cross-foot due to rounding.
A – Duke Energy Carolinas and Duke Energy Progress recorded a total of $51 million pretax within Impairment of assets and other charges on the Condensed Consolidated Statements of Operations as a result of the Duke Energy Carolinas' North Carolina rate case settlements. Segment income for this matter is net of a $12 million tax benefit.
Weighted Average Shares, basic (reported and adjusted) – 779 million
Six Months Ended June 30, 2026
(Dollars in millions, except per share amounts)
| Line item | Reported Earnings | Special ItemsLegal and Regulatory Settlements | Special ItemsAsset Sales | Discontinued Operations | Total Adjustments | Adjusted Earnings |
|---|---|---|---|---|---|---|
| SEGMENT INCOME (LOSS) | ||||||
| Electric Utilities and Infrastructure | $2,525 | $189 | — | — | $189 | $2,714 |
| Gas Utilities and Infrastructure | 542 | — | (171) | — | (171) | 371 |
| Total Reportable Segment Income | 3,067 | 189 | (171) | — | 18 | 3,085 |
| Other | (467) | — | — | — | (467) | |
| Discontinued Operations | 13 | — | — | (13) | (13) | — |
| Net Income Available to Duke Energy Corporation Common Stockholders | $2,613 | $189 | $(171) | $(13) | $5 | $2,618 |
| EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $3.35 | $0.24 | $(0.22) | $(0.02) | $0.01 | $3.36 |
Note: Total EPS adjustments may not cross-foot due to rounding.
A – Duke Energy Carolinas and Duke Energy Progress recorded a total of $248 million pretax within Operations, maintenance and other, Impairment of assets and other charges, and Operating Revenues on the Condensed Consolidated Statements of Operations due to certain legal settlements, as well as regulatory settlements related to the Duke Energy Carolinas' North Carolina rate case and establishment of a regulatory liability associated with an energy efficiency program. Segment income amount for these matters is net of a $59 million tax benefit.
B – Net of $196 million tax expense, which includes the impact of nondeductible goodwill related to the sale of Piedmont's Tennessee business.
- $368 million recorded within Gains on Sales of Other Assets and Other, net, and $7 million recorded within Property and other taxes on the Condensed Consolidated Statements of Operations related to the sale of Piedmont's Tennessee business.
- $6 million recorded within Gains on Sales of Other Assets and Other, net on the Condensed Consolidated Statements of Operations related to the sale of certain renewable natural gas investments.
C – Recorded in Income (Loss) from Discontinued Operations, net of tax, on the Condensed Consolidated Statements of Operations.
Weighted Average Shares, basic (reported and adjusted) – 779 million
Three Months Ended June 30, 2025
(Dollars in millions, except per share amounts)
| Line item | Reported Earnings | Discontinued Operations | Total Adjustments | Adjusted Earnings |
|---|---|---|---|---|
| SEGMENT INCOME (LOSS) | ||||
| Electric Utilities and Infrastructure | $1,194 | — | — | $1,194 |
| Gas Utilities and Infrastructure | 6 | — | — | 6 |
| Total Reportable Segment Income | 1,200 | — | — | 1,200 |
| Other | (228) | — | — | (228) |
| Discontinued Operations | (1) | 1 | 1 | — |
| Net Income Available to Duke Energy Corporation Common Stockholders | $971 | $1 | $1 | $972 |
| EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $1.25 | — | — | $1.25 |
Note: Total EPS adjustments may not cross-foot due to rounding.
A – Recorded in Income (Loss) from Discontinued Operations, net of tax, on the Condensed Consolidated Statements of Operations.
Weighted Average Shares, basic (reported and adjusted) – 777 million
Six Months Ended June 30, 2025
(Dollars in millions, except per share amounts)
| Line item | Reported Earnings | Discontinued Operations | Total Adjustments | Adjusted Earnings |
|---|---|---|---|---|
| SEGMENT INCOME (LOSS) | ||||
| Electric Utilities and Infrastructure | $2,470 | — | — | $2,470 |
| Gas Utilities and Infrastructure | 355 | — | — | 355 |
| Total Reportable Segment Income | 2,825 | — | — | 2,825 |
| Other | (488) | — | — | (488) |
| Discontinued Operations | (1) | 1 | 1 | — |
| Net Income Available to Duke Energy Corporation Common Stockholders | $2,336 | $1 | $1 | $2,337 |
| EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS | $3.00 | — | — | $3.00 |
Note: Total EPS adjustments may not cross-foot due to rounding.
A – Recorded in Income (Loss) from Discontinued Operations, net of tax, on the Condensed Consolidated Statements of Operations.
Weighted Average Shares, basic (reported and adjusted) – 777 million
EFFECTIVE TAX RECONCILIATION
June 2026
(Dollars in millions)
| Line item | Three Months Ended June 30, 2026Balance | Three Months Ended June 30, 2026Effective Tax Rate | Six Months Ended June 30, 2026Balance | Six Months Ended June 30, 2026Effective Tax Rate |
|---|---|---|---|---|
| Reported Income From Continuing Operations Before Income Taxes | $1,305 | $3,202 | ||
| Legal and Regulatory Settlements | 51 | 248 | ||
| Asset Sales | — | (367) | ||
| Noncontrolling Interests | (64) | (96) | ||
| Preferred Dividends | (15) | (29) | ||
| Adjusted Pretax Income | $1,277 | $2,958 | ||
| Reported Income Tax Expense From Continuing Operations | $160 | 12.3% | $493 | 15.4% |
| Legal and Regulatory Settlements | 12 | 59 | ||
| Asset Sales | — | (196) | ||
| Noncontrolling Interest Portion of Income Taxes(a) | (11) | (16) | ||
| Adjusted Tax Expense | $161 | 12.6% | $340 | 11.5% |
| Line item | Three Months Ended June 30, 2025Balance | Three Months Ended June 30, 2025Effective Tax Rate | Six Months Ended June 30, 2025Balance | Six Months Ended June 30, 2025Effective Tax Rate |
|---|---|---|---|---|
| Reported Income From Continuing Operations Before Income Taxes | $1,127 | $2,724 | ||
| Noncontrolling Interests | (27) | (55) | ||
| Preferred Dividends | (13) | (27) | ||
| Adjusted Pretax Income | $1,087 | $2,642 | ||
| Reported Income Tax Expense From Continuing Operations | $119 | 10.6% | $312 | 11.5% |
| Noncontrolling Interest Portion of Income Taxes(a) | (4) | (7) | ||
| Adjusted Tax Expense | $115 | 10.6% | $305 | 11.5% |
(a) Income tax related to non-pass-through entities for tax purposes.
EARNINGS VARIANCES
June 2026 QTD vs. Prior Year
| (Dollars per share) | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Other | Consolidated |
|---|---|---|---|---|
| 2025 QTD Reported and Adjusted Earnings Per Share | $1.54 | $0.01 | $(0.30) | $1.25 |
| Weather | (0.02) | — | — | (0.02) |
| Volume(a) | 0.08 | — | — | 0.08 |
| Riders and Other Retail Margin(b) | 0.09 | (0.01) | — | 0.08 |
| Rate case impacts, net(c) | 0.10 | — | — | 0.10 |
| Wholesale | 0.04 | — | — | 0.04 |
| Interest Expense(d) | (0.05) | — | 0.01 | (0.04) |
| AFUDC Equity | 0.02 | — | — | 0.02 |
| Depreciation and amortization(d) | (0.09) | — | — | (0.09) |
| Other | (0.02) | 0.01 | 0.02 | 0.01 |
| Total variance | $0.15 | — | $0.03 | $0.18 |
| 2026 QTD Adjusted Earnings Per Share | $1.69 | $0.01 | $(0.27) | $1.43 |
| Regulatory Settlements | (0.05) | — | — | (0.05) |
| 2026 QTD Reported Earnings Per Share | $1.64 | $0.01 | $(0.27) | $1.38 |
| Note: Earnings Per Share amounts are calculated using the consolidated statutory income tax rate for all drivers. Basic weighted average shares outstanding increased from 777 million to 779 million. Totals may not foot or cross-foot due to rounding. |
(a) Includes block and seasonal pricing.
(b) Electric Utilities and Infrastructure includes higher grid modernization riders and North Carolina Power Bill Reduction Act (SB266) impacts.
(c) Electric Utilities and Infrastructure includes impacts from DEI Step 2 rates, effective March 2026 (+$0.03), DEC North Carolina Year 3 rates, effective January 2026, and DEC South Carolina rates, effective March 2026 (+$0.02), DEF Year 2 rates, effective January 2026 (+$0.02), DEP North Carolina Year 3 rates, effective October 2025, and DEP South Carolina rates, effective February 2026 (+$0.02) and DEK rates, effective July 2025 (+$0.01).
(d) Electric Utilities and Infrastructure excludes rate case impacts.
EARNINGS VARIANCES
June 2026 YTD vs. Prior Year
| (Dollars per share) | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Other | Discontinued Operations | Consolidated |
|---|---|---|---|---|---|
| 2025 YTD Reported and Adjusted Earnings Per Share | $3.18 | $0.45 | $(0.63) | — | $3.00 |
| Weather | 0.02 | — | — | — | 0.02 |
| Volume(a) | 0.11 | — | — | — | 0.11 |
| Riders and Other Retail Margin(b) | 0.20 | 0.02 | — | — | 0.22 |
| Rate case impacts, net(c) | 0.23 | 0.01 | — | — | 0.24 |
| Wholesale | 0.05 | — | — | — | 0.05 |
| Operations and maintenance, net of recoverables(d) | (0.08) | (0.01) | — | — | (0.09) |
| Interest Expense(e) | (0.07) | — | (0.02) | — | (0.09) |
| AFUDC Equity | 0.04 | — | — | — | 0.04 |
| Depreciation and amortization(e) | (0.16) | (0.01) | — | — | (0.17) |
| Other(f) | (0.03) | 0.01 | 0.05 | — | 0.03 |
| Total variance | $0.31 | $0.02 | $0.03 | — | $0.36 |
| 2026 YTD Adjusted Earnings Per Share | $3.49 | $0.47 | $(0.60) | — | $3.36 |
| Legal and Regulatory Settlements | (0.24) | — | — | — | (0.24) |
| Asset Sales | — | 0.22 | — | — | 0.22 |
| Discontinued Operations | — | — | — | 0.02 | 0.02 |
| 2026 YTD Reported Earnings Per Share | $3.25 | $0.69 | $(0.60) | $0.02 | $3.35 |
| Note: Earnings Per Share amounts are calculated using the consolidated statutory income tax rate for all drivers. Basic weighted average shares outstanding increased from 777 million to 779 million. Totals may not foot or cross-foot due to rounding. |
(a) Includes block and seasonal pricing.
(b) Electric Utilities and Infrastructure includes higher grid modernization riders, SB266 impacts and higher transmission revenues. Gas Utilities and Infrastructure includes higher capital riders and customer growth in North Carolina and South Carolina.
(c) Electric Utilities and Infrastructure includes impacts from DEI Step 2 rates, effective March 2026 (+$0.06), DEC North Carolina Year 3 rates, effective January 2026, and DEC South Carolina rates, effective March 2026 (+$0.05), DEF Year 2 rates, effective January 2026 (+$0.05), DEP North Carolina Year 3 rates, effective October 2025, and DEP South Carolina rates, effective February 2026 (+$0.05) and DEK rates, effective July 2025 (+$0.02). Gas Utilities and Infrastructure includes impacts from DEK rates, effective January 2026.
(d) Electric Utilities and Infrastructure includes higher storm costs (-$0.03) and increased bad debt expense (-$0.02) in the current year.
(e) Electric Utilities and Infrastructure excludes rate case impacts.
(f) Other includes lower contributions to the Duke Energy Foundation and higher market returns in the current year.
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
Unaudited · In millions, except per share amounts
| Line item | Three Months EndedJune 30, 2026 | Three Months EndedJune 30, 2025 | Six Months EndedJune 30, 2026 | Six Months EndedJune 30, 2025 |
|---|---|---|---|---|
| Operating Revenues | ||||
| Regulated electric | $7,103 | $6,968 | $14,906 | $14,032 |
| Regulated natural gas | 418 | 462 | 1,715 | 1,567 |
| Nonregulated electric and other | 71 | 78 | 149 | 158 |
| Total operating revenues | 7,592 | 7,508 | 16,770 | 15,757 |
| Operating Expenses | ||||
| Fuel used in electric generation and purchased power | 1,915 | 1,878 | 4,334 | 3,977 |
| Cost of natural gas | 130 | 158 | 655 | 532 |
| Operation, maintenance and other | 1,385 | 1,655 | 3,137 | 3,154 |
| Depreciation and amortization | 1,700 | 1,583 | 3,389 | 3,095 |
| Property and other taxes | 374 | 415 | 826 | 843 |
| Impairment of assets and other charges | 49 | 3 | 49 | 3 |
| Total operating expenses | 5,553 | 5,692 | 12,390 | 11,604 |
| Gains (Losses) on Sales of Other Assets and Other, net | 10 | 14 | 394 | 20 |
| Operating Income | 2,049 | 1,830 | 4,774 | 4,173 |
| Other Income and Expenses | ||||
| Equity in earnings (losses) of unconsolidated affiliates | 10 | 11 | 17 | 22 |
| Other income and expenses, net | 203 | 183 | 336 | 315 |
| Total other income and expenses | 213 | 194 | 353 | 337 |
| Interest Expense | 957 | 897 | 1,925 | 1,786 |
| Income From Continuing Operations Before Income Taxes | 1,305 | 1,127 | 3,202 | 2,724 |
| Income Tax Expense From Continuing Operations | 160 | 119 | 493 | 312 |
| Income From Continuing Operations | 1,145 | 1,008 | 2,709 | 2,412 |
| Income (Loss) From Discontinued Operations, net of tax | — | (1) | 13 | (1) |
| Net Income | 1,145 | 1,007 | 2,722 | 2,411 |
| Less: Net Income Attributable to NCI | 53 | 23 | 80 | 48 |
| Net Income Attributable to Duke Energy Corporation | 1,092 | 984 | 2,642 | 2,363 |
| Less: Preferred Dividends | 15 | 13 | 29 | 27 |
| Net Income Available to Duke Energy Corporation Common Stockholders | $1,077 | $971 | $2,613 | $2,336 |
| Earnings Per Share – Basic and Diluted | ||||
| Income from continuing operations available to Duke Energy Corporation common stockholders | ||||
| Basic and Diluted | $1.38 | $1.25 | $3.33 | $3.00 |
| Income (loss) from discontinued operations attributable to Duke Energy Corporation common stockholders | ||||
| Basic and Diluted | — | — | $0.02 | — |
| Net income available to Duke Energy Corporation common stockholders | ||||
| Basic and Diluted | $1.38 | $1.25 | $3.35 | $3.00 |
| Weighted average shares outstanding | ||||
| Basic and Diluted | 779 | 777 | 779 | 777 |
CONDENSED CONSOLIDATED BALANCE SHEETS
Unaudited
| (In millions) | June 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $673 | $245 |
| Receivables (net of allowance for doubtful accounts of $214 at 2026 and $194 at 2025) | 4,482 | 4,230 |
| Inventory (includes $1,013 at 2026 and $669 at 2025 related to VIEs) | 4,665 | 4,569 |
| Regulatory assets (includes $205 at 2026 and $204 at 2025 related to VIEs) | 2,645 | 1,934 |
| Assets held for sale | — | 109 |
| Other (includes $145 at 2026 and $88 at 2025 related to VIEs) | 684 | 526 |
| Total current assets | 13,149 | 11,613 |
| Property, Plant and Equipment | ||
| Cost (includes $3,610 at 2026 and $2,913 at 2025 related to VIEs) | 197,562 | 190,409 |
| Accumulated depreciation and amortization (includes ($138) at 2026 and ($89) at 2025 related to VIEs) | (62,326) | (60,450) |
| Net property, plant and equipment | 135,236 | 129,959 |
| Other Noncurrent Assets | ||
| Goodwill | 19,010 | 19,010 |
| Regulatory assets (includes $3,027 at 2026 and $3,108 at 2025 related to VIEs) | 14,411 | 14,379 |
| Nuclear decommissioning trust funds | 13,590 | 12,889 |
| Operating lease right-of-use assets, net | 1,166 | 1,241 |
| Investments in equity method unconsolidated affiliates | 332 | 330 |
| Assets held for sale | — | $2,148 |
| Other | 4,197 | 4,167 |
| Total other noncurrent assets | 52,706 | 54,164 |
| Total Assets | $201,091 | $195,736 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable (includes $452 at 2026 and $296 at 2025 related to VIEs) | $4,940 | $5,223 |
| Notes payable and commercial paper | 2,330 | 2,624 |
| Taxes accrued | 1,035 | 975 |
| Interest accrued | 899 | 922 |
| Current maturities of long-term debt (includes $147 at 2026 and $118 at 2025 related to VIEs) | 6,666 | 7,104 |
| Asset retirement obligations | 570 | 579 |
| Regulatory liabilities | 1,422 | 1,271 |
| Liabilities associated with assets held for sale | — | 84 |
| Other | 2,026 | 2,265 |
| Total current liabilities | 19,888 | 21,047 |
| Long-Term Debt (includes $3,221 at 2026 and $3,308 at 2025 related to VIEs) | 82,242 | 80,108 |
| Other Noncurrent Liabilities | ||
| Deferred income taxes | 13,344 | 12,377 |
| Asset retirement obligations | 9,202 | 9,046 |
| Regulatory liabilities | 15,359 | 15,682 |
| Operating lease liabilities | 968 | 1,033 |
| Accrued pension and other post-retirement benefit costs | 348 | 396 |
| Investment tax credits | 976 | 969 |
| Liabilities associated with assets held for sale | — | $170 |
| Other | 1,901 | 1,889 |
| Total other noncurrent liabilities | 42,098 | 41,562 |
| Commitments and Contingencies | ||
| Equity | ||
| Preferred stock, Series A, $0.001 par value, 40 million depositary shares authorized and outstanding at 2026 and 2025 | 973 | 973 |
| Common stock, $0.001 par value, 2 billion shares authorized; 780 million and 778 million shares outstanding at 2026 and 2025 | 1 | 1 |
| Additional paid-in capital | 47,563 | 45,614 |
| Retained earnings | 6,005 | 5,056 |
| Accumulated other comprehensive income (loss) | 209 | 198 |
| Total Duke Energy Corporation stockholders' equity | 54,751 | 51,842 |
| Noncontrolling Interests | 2,112 | 1,177 |
| Total equity | 56,863 | 53,019 |
| Total Liabilities and Equity | $201,091 | $195,736 |
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
Unaudited · In millions
| Line item | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 |
|---|---|---|
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net Income | $2,722 | $2,411 |
| Adjustments to reconcile net income to net cash provided by operating activities | 1,550 | 2,629 |
| Net cash provided by operating activities | 4,272 | 5,040 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Net cash used in investing activities | (6,209) | (6,264) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Net cash provided by financing activities | 2,424 | 1,245 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 487 | 21 |
| Cash, cash equivalents and restricted cash at beginning of period | 363 | 421 |
| Cash, cash equivalents and restricted cash at end of period | $850 | $442 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Unaudited
| (In millions) | Three Months Ended June 30, 2026Electric Utilities and Infrastructure | Three Months Ended June 30, 2026Gas Utilities and Infrastructure | Three Months Ended June 30, 2026Other | Three Months Ended June 30, 2026Eliminations/Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Operating Revenues | |||||
| Regulated electric | $7,118 | — | — | $(15) | $7,103 |
| Regulated natural gas | — | 438 | — | (20) | 418 |
| Nonregulated electric and other | 57 | 11 | 40 | (37) | 71 |
| Total operating revenues | 7,175 | 449 | 40 | (72) | 7,592 |
| Operating Expenses | |||||
| Fuel used in electric generation and purchased power | 1,933 | — | — | (18) | 1,915 |
| Cost of natural gas | — | 130 | — | — | 130 |
| Operation, maintenance and other | 1,339 | 127 | (29) | (52) | 1,385 |
| Depreciation and amortization | 1,514 | 110 | 83 | (7) | 1,700 |
| Property and other taxes | 343 | 28 | 3 | — | 374 |
| Impairment of assets and other charges | 49 | — | — | — | 49 |
| Total operating expenses | 5,178 | 395 | 57 | (77) | 5,553 |
| Gains (Losses) on Sales of Other Assets and Other, net | 2 | — | 7 | 1 | 10 |
| Operating Income (Loss) | 1,999 | 54 | (10) | 6 | 2,049 |
| Other Income and Expenses | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | 4 | 6 | — | 10 |
| Other income and expenses, net | 156 | 16 | 56 | (25) | 203 |
| Total Other Income and Expenses | 156 | 20 | 62 | (25) | 213 |
| Interest Expense | 602 | 61 | 313 | (19) | 957 |
| Income (Loss) from Continuing Operations before Income Taxes | 1,553 | 13 | (261) | — | 1,305 |
| Income Tax Expense (Benefit) from Continuing Operations | 229 | 3 | (72) | — | 160 |
| Income (Loss) from Continuing Operations | 1,324 | 10 | (189) | — | 1,145 |
| Less: Net Income Attributable to Noncontrolling Interest | 53 | — | — | — | 53 |
| Net Income (Loss) Attributable to Duke Energy Corporation | 1,271 | 10 | (189) | — | 1,092 |
| Less: Preferred Dividends | — | — | 15 | — | 15 |
| Segment Income/Other Net Loss | $1,271 | $10 | $(204) | — | $1,077 |
| Discontinued Operations | — | ||||
| Net Income Available to Duke Energy Corporation Common Stockholders | $1,077 | ||||
| Segment Income/Other Net Loss | $1,271 | $10 | $(204) | — | $1,077 |
| Special Items | 39 | — | — | — | 39 |
| Adjusted Earnings(a) | $1,310 | $10 | $(204) | — | $1,116 |
(a) See Reported to Adjusted Earnings Reconciliation for a detailed reconciliation of Segment Income/Other Net Loss to Adjusted Earnings.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Unaudited
| (In millions) | Six Months Ended June 30, 2026Electric Utilities and Infrastructure | Six Months Ended June 30, 2026Gas Utilities and Infrastructure | Six Months Ended June 30, 2026Other | Six Months Ended June 30, 2026Eliminations/Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Operating Revenues | |||||
| Regulated electric | $14,935 | — | — | $(29) | $14,906 |
| Regulated natural gas | — | 1,759 | — | (44) | 1,715 |
| Nonregulated electric and other | 118 | 23 | 82 | (74) | 149 |
| Total operating revenues | 15,053 | 1,782 | 82 | (147) | 16,770 |
| Operating Expenses | |||||
| Fuel used in electric generation and purchased power | 4,373 | — | — | (39) | 4,334 |
| Cost of natural gas | — | 655 | — | — | 655 |
| Operation, maintenance and other | 3,048 | 262 | (70) | (103) | 3,137 |
| Depreciation and amortization | 3,012 | 225 | 166 | (14) | 3,389 |
| Property and other taxes | 736 | 85 | 5 | — | 826 |
| Impairment of assets and other charges | 49 | — | — | — | 49 |
| Total operating expenses | 11,218 | 1,227 | 101 | (156) | 12,390 |
| Gains (Losses) on Sales of Other Assets and Other, net | 7 | 374 | 12 | 1 | 394 |
| Operating Income (Loss) | 3,842 | 929 | (7) | 10 | 4,774 |
| Other Income and Expenses | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | 10 | 7 | — | 17 |
| Other income and expenses, net | 292 | 28 | 64 | (48) | 336 |
| Total Other Income and Expenses | 292 | 38 | 71 | (48) | 353 |
| Interest Expense | 1,173 | 128 | 662 | (38) | 1,925 |
| Income (Loss) from Continuing Operations before Income Taxes | 2,961 | 839 | (598) | — | 3,202 |
| Income Tax Expense (Benefit) from Continuing Operations | 356 | 297 | (160) | — | 493 |
| Income (Loss) from Continuing Operations | 2,605 | 542 | (438) | — | 2,709 |
| Less: Net Income Attributable to Noncontrolling Interest | 80 | — | — | — | 80 |
| Net Income (Loss) Attributable to Duke Energy Corporation | 2,525 | 542 | (438) | — | 2,629 |
| Less: Preferred Dividends | — | — | 29 | — | 29 |
| Segment Income/Other Net Loss | $2,525 | $542 | $(467) | — | $2,600 |
| Discontinued Operations | 13 | ||||
| Net Income Available to Duke Energy Corporation Common Stockholders | $2,613 | ||||
| Segment Income/Other Net Loss | $2,525 | $542 | $(467) | — | $2,600 |
| Special Items | 189 | (171) | — | — | 18 |
| Adjusted Earnings(a) | $2,714 | $371 | $(467) | — | $2,618 |
(a) See Reported to Adjusted Earnings Reconciliation for a detailed reconciliation of Segment Income/Other Net Loss to Adjusted Earnings.
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Unaudited
| (In millions) | Three Months Ended June 30, 2025Electric Utilities and Infrastructure | Three Months Ended June 30, 2025Gas Utilities and Infrastructure | Three Months Ended June 30, 2025Other | Three Months Ended June 30, 2025Eliminations/Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Operating Revenues | |||||
| Regulated electric | $6,982 | — | — | $(14) | $6,968 |
| Regulated natural gas | — | 483 | — | (21) | 462 |
| Nonregulated electric and other | 63 | 10 | 40 | (35) | 78 |
| Total operating revenues | 7,045 | 493 | 40 | (70) | 7,508 |
| Operating Expenses | |||||
| Fuel used in electric generation and purchased power | 1,898 | — | — | (20) | 1,878 |
| Cost of natural gas | — | 158 | — | — | 158 |
| Operation, maintenance and other | 1,594 | 129 | (23) | (45) | 1,655 |
| Depreciation and amortization | 1,402 | 112 | 77 | (8) | 1,583 |
| Property and other taxes | 371 | 41 | 3 | — | 415 |
| Impairment of assets and other charges | (1) | — | 5 | (1) | 3 |
| Total operating expenses | 5,264 | 440 | 62 | (74) | 5,692 |
| Gains (Losses) on Sales of Other Assets and Other, net | 8 | — | 6 | — | 14 |
| Operating Income (Loss) | 1,789 | 53 | (16) | 4 | 1,830 |
| Other Income and Expenses | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | 1 | 9 | 1 | 11 |
| Other income and expenses, net | 163 | 13 | 33 | (26) | 183 |
| Total Other Income and Expenses | 163 | 14 | 42 | (25) | 194 |
| Interest Expense | 535 | 65 | 318 | (21) | 897 |
| Income (Loss) from Continuing Operations before Income Taxes | 1,417 | 2 | (292) | — | 1,127 |
| Income Tax Expense (Benefit) from Continuing Operations | 200 | (4) | (77) | — | 119 |
| Income (Loss) from Continuing Operations | 1,217 | 6 | (215) | — | 1,008 |
| Less: Net Income Attributable to Noncontrolling Interest | 23 | — | — | — | 23 |
| Net Income (Loss) Attributable to Duke Energy Corporation | 1,194 | 6 | (215) | — | 985 |
| Less: Preferred Dividends | — | — | 13 | — | 13 |
| Segment Income/Other Net Loss | $1,194 | $6 | $(228) | — | $972 |
| Discontinued Operations | (1) | ||||
| Net Income Available to Duke Energy Corporation Common Stockholders | $971 |
CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS
Unaudited
| (In millions) | Six Months Ended June 30, 2025Electric Utilities and Infrastructure | Six Months Ended June 30, 2025Gas Utilities and Infrastructure | Six Months Ended June 30, 2025Other | Six Months Ended June 30, 2025Eliminations/Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Operating Revenues | |||||
| Regulated electric | $14,061 | — | — | $(29) | $14,032 |
| Regulated natural gas | — | 1,612 | — | (45) | 1,567 |
| Nonregulated electric and other | 124 | 21 | 82 | (69) | 158 |
| Total operating revenues | 14,185 | 1,633 | 82 | (143) | 15,757 |
| Operating Expenses | |||||
| Fuel used in electric generation and purchased power | 4,017 | — | — | (40) | 3,977 |
| Cost of natural gas | — | 532 | — | — | 532 |
| Operation, maintenance and other | 3,018 | 254 | (21) | (97) | 3,154 |
| Depreciation and amortization | 2,736 | 219 | 154 | (14) | 3,095 |
| Property and other taxes | 749 | 88 | 6 | — | 843 |
| Impairment of assets and other charges | (1) | — | 5 | (1) | 3 |
| Total operating expenses | 10,519 | 1,093 | 144 | (152) | 11,604 |
| Gains (Losses) on Sales of Other Assets and Other, net | 9 | — | 11 | — | 20 |
| Operating Income (Loss) | 3,675 | 540 | (51) | 9 | 4,173 |
| Other Income and Expenses | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | 6 | 15 | 1 | 22 |
| Other income and expenses, net | 297 | 26 | 47 | (55) | 315 |
| Total Other Income and Expenses | 297 | 32 | 62 | (54) | 337 |
| Interest Expense | 1,065 | 130 | 636 | (45) | 1,786 |
| Income (Loss) From Continuing Operations Before Income Taxes | 2,907 | 442 | (625) | — | 2,724 |
| Income Tax Expense (Benefit) from Continuing Operations | 389 | 87 | (164) | — | 312 |
| Income (Loss) from Continuing Operations | 2,518 | 355 | (461) | — | 2,412 |
| Less: Net Income Attributable to Noncontrolling Interest | 48 | — | — | — | 48 |
| Net Income (Loss) Attributable to Duke Energy Corporation | 2,470 | 355 | (461) | — | 2,364 |
| Less: Preferred Dividends | — | — | 27 | — | 27 |
| Segment Income/Other Net Loss | $2,470 | $355 | $(488) | — | $2,337 |
| Discontinued Operations | (1) | ||||
| Net Income Available to Duke Energy Corporation Common Stockholders | $2,336 |
(Unaudited)
June 30, 2026
| (In millions) | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Other | Eliminations/ Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash and cash equivalents | $331 | $8 | $333 | $1 | $673 |
| Receivables, net | 4,260 | 208 | 14 | — | 4,482 |
| Receivables from affiliated companies | 207 | 103 | 1,117 | (1,427) | — |
| Notes receivable from affiliated companies | 486 | 26 | 214 | (726) | — |
| Inventory | 4,551 | 78 | 36 | — | 4,665 |
| Regulatory assets | 2,398 | 162 | 85 | — | 2,645 |
| Other | 435 | 32 | 288 | (71) | 684 |
| Total current assets | 12,668 | 617 | 2,087 | (2,223) | 13,149 |
| Property, Plant and Equipment | |||||
| Cost | 178,175 | 17,024 | 2,433 | (70) | 197,562 |
| Accumulated depreciation and amortization | (57,834) | (3,536) | (956) | — | (62,326) |
| Net property, plant and equipment | 120,341 | 13,488 | 1,477 | (70) | 135,236 |
| Other Noncurrent Assets | |||||
| Goodwill | 17,380 | 1,630 | — | — | 19,010 |
| Regulatory assets | 13,275 | 675 | 461 | — | 14,411 |
| Nuclear decommissioning trust funds | 13,590 | — | — | — | 13,590 |
| Operating lease right-of-use assets, net | 670 | 2 | 494 | — | 1,166 |
| Investments in equity method unconsolidated affiliates | 1 | 180 | 151 | — | 332 |
| Investment in consolidated subsidiaries | 582 | 6 | 81,435 | (82,023) | — |
| Other | 2,577 | 333 | 1,912 | (625) | 4,197 |
| Total other noncurrent assets | 48,075 | 2,826 | 84,453 | (82,648) | 52,706 |
| Total Assets | 181,084 | 16,931 | 88,017 | (84,941) | 201,091 |
| Segment reclassifications, intercompany balances and other | (1,413) | (138) | (83,390) | 84,941 | — |
| Segment Assets | $179,671 | $16,793 | $4,627 | — | $201,091 |
CONDENSED CONSOLIDATING BALANCE SHEETS – LIABILITIES AND EQUITY
Unaudited
| (In millions) | June 30, 2026Electric Utilities and Infrastructure | June 30, 2026Gas Utilities and Infrastructure | June 30, 2026Other | June 30, 2026Eliminations/ Adjustments | Duke Energy |
|---|---|---|---|---|---|
| Current Liabilities | |||||
| Accounts payable | $3,665 | $293 | $982 | — | $4,940 |
| Accounts payable to affiliated companies | 653 | 60 | 555 | (1,268) | — |
| Notes payable to affiliated companies | 187 | 301 | 238 | (726) | — |
| Notes payable and commercial paper | — | — | 2,330 | — | 2,330 |
| Taxes accrued | 1,022 | 121 | (108) | — | 1,035 |
| Interest accrued | 574 | 49 | 276 | — | 899 |
| Current maturities of long-term debt | 4,104 | 57 | 2,514 | (9) | 6,666 |
| Asset retirement obligations | 570 | — | — | — | 570 |
| Regulatory liabilities | 1,343 | 80 | — | (1) | 1,422 |
| Other | 1,554 | 70 | 636 | (234) | 2,026 |
| Total current liabilities | 13,672 | 1,031 | 7,423 | (2,238) | 19,888 |
| Long-Term Debt | 52,744 | 4,715 | 24,845 | (62) | 82,242 |
| Long-Term Debt Payable to Affiliated Companies | 618 | 7 | — | (625) | — |
| Other Noncurrent Liabilities | |||||
| Deferred income taxes | 13,203 | 1,405 | (1,273) | 9 | 13,344 |
| Asset retirement obligations | 9,108 | 94 | — | — | 9,202 |
| Regulatory liabilities | 14,312 | 1,019 | 28 | — | 15,359 |
| Operating lease liabilities | 608 | 1 | 359 | — | 968 |
| Accrued pension and other post-retirement benefit costs | (58) | 29 | 377 | — | 348 |
| Investment tax credits | 975 | 1 | — | — | 976 |
| Other | 1,406 | 117 | 568 | (190) | 1,901 |
| Total other noncurrent liabilities | 39,554 | 2,666 | 59 | (181) | 42,098 |
| Equity | |||||
| Total Duke Energy Corporation stockholders' equity | 72,386 | 8,509 | 55,690 | (81,834) | 54,751 |
| Noncontrolling interests | 2,110 | 3 | — | (1) | 2,112 |
| Total equity | 74,496 | 8,512 | 55,690 | (81,835) | 56,863 |
| Total Liabilities and Equity | 181,084 | 16,931 | 88,017 | (84,941) | 201,091 |
| Segment reclassifications, intercompany balances and other | (1,413) | (138) | (83,390) | 84,941 | — |
| Segment Liabilities and Equity | $179,671 | $16,793 | $4,627 | — | $201,091 |
Three Months Ended June 30, 2026
| (In millions) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio(a) | Duke Energy Indiana | Eliminations/ Other | Electric Utilities and Infrastructure |
|---|---|---|---|---|---|---|---|
| Operating Revenues | $2,416 | $1,800 | $1,666 | $508 | $861 | $(76) | $7,175 |
| Operating Expenses | |||||||
| Fuel used in electric generation and purchased power | 632 | 547 | 447 | 145 | 250 | (88) | 1,933 |
| Operation, maintenance and other | 451 | 356 | 231 | 96 | 187 | 18 | 1,339 |
| Depreciation and amortization | 531 | 396 | 306 | 74 | 202 | 5 | 1,514 |
| Property and other taxes | 91 | 22 | 127 | 83 | 19 | 1 | 343 |
| Impairment of assets and other charges | 27 | 22 | — | — | — | — | 49 |
| Total operating expenses | 1,732 | 1,343 | 1,111 | 398 | 658 | (64) | 5,178 |
| Gains (Losses) on Sales of Other Assets and Other, net | — | — | 1 | — | — | 1 | 2 |
| Operating Income | 684 | 457 | 556 | 110 | 203 | (11) | 1,999 |
| Other Income and Expenses, net(b) | 72 | 54 | 18 | 4 | 13 | (5) | 156 |
| Interest Expense | 233 | 144 | 127 | 33 | 75 | (10) | 602 |
| Income Before Income Taxes | 523 | 367 | 447 | 81 | 141 | (6) | 1,553 |
| Income Tax Expense | 36 | 54 | 91 | 15 | 20 | 13 | 229 |
| Less: Net Income Attributable to Noncontrolling Interest(c) | — | — | — | — | — | 53 | 53 |
| Segment Income | $487 | $313 | $356 | $66 | $121 | $(72) | $1,271 |
(a) Includes results of the wholly owned subsidiary, Duke Energy Kentucky.
(b) Includes an equity component of allowance for funds used during construction of $44 million for Duke Energy Carolinas, $30 million for Duke Energy Progress, $3 million for Duke Energy Florida, $4 million for Duke Energy Ohio and $7 million for Duke Energy Indiana.
(c) Includes a noncontrolling interest in Duke Energy Indiana and Florida Progress.
Six Months Ended June 30, 2026
| (In millions) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio(a) | Duke Energy Indiana | Eliminations/ Other | Electric Utilities and Infrastructure |
|---|---|---|---|---|---|---|---|
| Operating Revenues | $5,182 | $4,101 | $3,287 | $1,070 | $1,827 | $(414) | $15,053 |
| Operating Expenses | |||||||
| Fuel used in electric generation and purchased power | 1,563 | 1,410 | 895 | 318 | 620 | (433) | 4,373 |
| Operation, maintenance and other | 1,052 | 857 | 550 | 193 | 374 | 22 | 3,048 |
| Depreciation and amortization | 1,057 | 782 | 602 | 156 | 407 | 8 | 3,012 |
| Property and other taxes | 197 | 81 | 250 | 170 | 38 | — | 736 |
| Impairment of assets and other charges | 27 | 22 | — | — | — | — | 49 |
| Total operating expenses | 3,896 | 3,152 | 2,297 | 837 | 1,439 | (403) | 11,218 |
| Gains (Losses) on Sales of Other Assets and Other, net | 2 | 1 | 3 | — | — | 1 | 7 |
| Operating Income | 1,288 | 950 | 993 | 233 | 388 | (10) | 3,842 |
| Other Income and Expenses, net(b) | 135 | 97 | 33 | 8 | 24 | (5) | 292 |
| Interest Expense | 450 | 279 | 254 | 67 | 139 | (16) | 1,173 |
| Income Before Income Taxes | 973 | 768 | 772 | 174 | 273 | 1 | 2,961 |
| Income Tax Expense | 50 | 96 | 156 | 31 | 39 | (16) | 356 |
| Less: Net Income Attributable to Noncontrolling Interest(c) | — | — | — | — | — | 80 | 80 |
| Segment Income | $923 | $672 | $616 | $143 | $234 | $(63) | $2,525 |
(a) Includes results of the wholly owned subsidiary, Duke Energy Kentucky.
(b) Includes an equity component of allowance for funds used during construction of $85 million for Duke Energy Carolinas, $58 million for Duke Energy Progress, $6 million for Duke Energy Florida, $7 million for Duke Energy Ohio and $16 million for Duke Energy Indiana.
(c) Includes a noncontrolling interest in Duke Energy Indiana and Florida Progress.
June 30, 2026
| (In millions) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio(a) | Duke Energy Indiana | Eliminations/Adjustments(b) | Electric Utilities and Infrastructure |
|---|---|---|---|---|---|---|---|
| Current Assets | |||||||
| Cash and cash equivalents | $38 | $244 | $22 | $11 | $16 | — | $331 |
| Receivables, net | 1,616 | 1,106 | 723 | 362 | 445 | 8 | 4,260 |
| Receivables from affiliated companies | 246 | 106 | 136 | 32 | 30 | (343) | 207 |
| Notes receivable from affiliated companies | 1,122 | — | — | 56 | 184 | (876) | 486 |
| Inventory | 1,528 | 1,374 | 873 | 186 | 590 | — | 4,551 |
| Regulatory assets | 1,141 | 847 | 170 | 26 | 215 | (1) | 2,398 |
| Other | 115 | 134 | 70 | 8 | 117 | (9) | 435 |
| Total current assets | 5,806 | 3,811 | 1,994 | 681 | 1,597 | (1,221) | 12,668 |
| Property, Plant and Equipment | |||||||
| Cost | 64,964 | 46,816 | 34,555 | 9,727 | 22,039 | 74 | 178,175 |
| Accumulated depreciation and amortization | (21,125) | (17,446) | (8,936) | (2,643) | (7,739) | 55 | (57,834) |
| Net property, plant and equipment | 43,839 | 29,370 | 25,619 | 7,084 | 14,300 | 129 | 120,341 |
| Other Noncurrent Assets | |||||||
| Goodwill | — | — | — | 596 | — | 16,784 | 17,380 |
| Regulatory assets | 4,765 | 4,246 | 2,132 | 379 | 975 | 778 | 13,275 |
| Nuclear decommissioning trust funds | 7,765 | 5,541 | 283 | — | — | 1 | 13,590 |
| Operating lease right-of-use assets, net | 87 | 357 | 192 | 5 | 30 | (1) | 670 |
| Investments in equity method unconsolidated affiliates | — | — | 1 | — | — | — | 1 |
| Investment in consolidated subsidiaries | 56 | 11 | 4 | 510 | 1 | — | 582 |
| Other | 1,382 | 776 | 546 | 71 | 245 | (443) | 2,577 |
| Total other noncurrent assets | 14,055 | 10,931 | 3,158 | 1,561 | 1,251 | 17,119 | 48,075 |
| Total Assets | 63,700 | 44,112 | 30,771 | 9,326 | 17,148 | 16,027 | 181,084 |
| Segment reclassifications, intercompany balances and other | (1,448) | (203) | (160) | (600) | (222) | 1,220 | (1,413) |
| Reportable Segment Assets | $62,252 | $43,909 | $30,611 | $8,726 | $16,926 | $17,247 | $179,671 |
(a) Includes balances of the wholly owned subsidiary Duke Energy Kentucky.
(b) Includes the elimination of intercompany balances, purchase accounting adjustments, and Duke Energy Indiana Holdco, LLC balances.
CONDENSED CONSOLIDATING BALANCE SHEETS – LIABILITIES AND EQUITY
June 30, 2026
| (In millions) | Duke Energy Carolinas | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio(a) | Duke Energy Indiana | Eliminations/ Adjustments(b) | Electric Utilities and Infrastructure |
|---|---|---|---|---|---|---|---|
| Current Liabilities | |||||||
| Accounts payable | $1,382 | $909 | $683 | $231 | $458 | $2 | $3,665 |
| Accounts payable to affiliated companies | 292 | 316 | 239 | 15 | 75 | (284) | 653 |
| Notes payable to affiliated companies | — | 823 | 196 | 44 | — | (876) | 187 |
| Taxes accrued | 247 | 105 | 253 | 332 | 99 | (14) | 1,022 |
| Interest accrued | 227 | 146 | 87 | 42 | 71 | 1 | 574 |
| Current maturities of long-term debt | 1,650 | 1,094 | 1,357 | (17) | 27 | (7) | 4,104 |
| Asset retirement obligations | 239 | 179 | 1 | 6 | 144 | 1 | 570 |
| Regulatory liabilities | 611 | 374 | 64 | 69 | 226 | (1) | 1,343 |
| Other | 615 | 372 | 346 | 77 | 125 | 19 | 1,554 |
| Total current liabilities | 5,263 | 4,318 | 3,226 | 799 | 1,225 | (1,159) | 13,672 |
| Long-Term Debt | 20,235 | 12,909 | 10,195 | 3,492 | 5,523 | 390 | 52,744 |
| Long-Term Debt Payable to Affiliated Companies | 300 | 150 | — | 18 | 150 | — | 618 |
| Other Noncurrent Liabilities | |||||||
| Deferred income taxes | 4,602 | 2,923 | 3,181 | 899 | 1,546 | 52 | 13,203 |
| Asset retirement obligations | 3,585 | 4,121 | 170 | 62 | 973 | 197 | 9,108 |
| Regulatory liabilities | 7,914 | 4,293 | 772 | 218 | 1,141 | (26) | 14,312 |
| Operating lease liabilities | 75 | 360 | 144 | 4 | 25 | — | 608 |
| Accrued pension and other post-retirement benefit costs | 10 | 131 | 82 | 64 | 78 | (423) | (58) |
| Investment tax credits | 347 | 195 | 248 | 5 | 180 | — | 975 |
| Other | 727 | 440 | 160 | 59 | 28 | (8) | 1,406 |
| Total other noncurrent liabilities | 17,260 | 12,463 | 4,757 | 1,311 | 3,971 | (208) | 39,554 |
| Equity | |||||||
| Total Duke Energy Corporation stockholders equity | 20,642 | 14,272 | 12,593 | 3,706 | 6,279 | 14,894 | 72,386 |
| Noncontrolling interests(c) | — | — | — | — | — | 2,110 | 2,110 |
| Total equity | 20,642 | 14,272 | 12,593 | 3,706 | 6,279 | 17,004 | 74,496 |
| Total Liabilities and Equity | 63,700 | 44,112 | 30,771 | 9,326 | 17,148 | 16,027 | 181,084 |
| Segment reclassifications, intercompany balances and other | (1,448) | (203) | (160) | (600) | (222) | 1,220 | (1,413) |
| Reportable Segment Liabilities and Equity | $62,252 | $43,909 | $30,611 | $8,726 | $16,926 | $17,247 | $179,671 |
(a) Includes balances of the wholly owned subsidiary Duke Energy Kentucky.
(b) Includes the elimination of intercompany balances, purchase accounting adjustments and Duke Energy Indiana Holdco, LLC balances.
(c) Includes a noncontrolling interest in Duke Energy Indiana and Florida Progress.
Three Months Ended June 30, 2026
| (In millions) | Duke Energy Ohio(a) | Piedmont Natural Gas LDC | Midstream Pipelines and Storage(b) | Eliminations/ Adjustments | Gas Utilities and Infrastructure |
|---|---|---|---|---|---|
| Operating Revenues | $157 | $288 | $4 | — | $449 |
| Operating Expenses | |||||
| Cost of natural gas | 33 | 97 | — | — | 130 |
| Operation, maintenance and other | 36 | 87 | 3 | 1 | 127 |
| Depreciation and amortization | 40 | 69 | 1 | — | 110 |
| Property and other taxes | 25 | 4 | — | (1) | 28 |
| Total operating expenses | 134 | 257 | 4 | — | 395 |
| Operating Income (Loss) | 23 | 31 | — | — | 54 |
| Other Income and Expenses | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | — | 4 | — | 4 |
| Other income and expenses, net | 2 | 15 | — | (1) | 16 |
| Total other income and expenses | 2 | 15 | 4 | (1) | 20 |
| Interest Expense | 19 | 41 | 1 | — | 61 |
| Income (Loss) Before Income Taxes | 6 | 5 | 3 | (1) | 13 |
| Income Tax Expense (Benefit) | 2 | 1 | 1 | (1) | 3 |
| Segment Income (Loss) | $4 | $4 | $2 | — | $10 |
(a) Includes results of the wholly owned subsidiary Duke Energy Kentucky.
(b) Primarily earnings from investments in Sabal Trail and Cardinal pipelines, as well as Hardy and Pine Needle storage facilities.
Six Months Ended June 30, 2026
| (In millions) | Duke Energy Ohio(a) | Piedmont Natural Gas LDC | Midstream Pipelines and Storage(b) | Eliminations/ Adjustments | Gas Utilities and Infrastructure |
|---|---|---|---|---|---|
| Operating Revenues | $474 | $1,299 | $9 | — | $1,782 |
| Operating Expenses | |||||
| Cost of natural gas | 154 | 501 | — | — | 655 |
| Operation, maintenance and other | 76 | 180 | 6 | — | 262 |
| Depreciation and amortization | 79 | 143 | 3 | — | 225 |
| Property and other taxes | 55 | 30 | — | — | 85 |
| Total operating expenses | 364 | 854 | 9 | — | 1,227 |
| Gains (Losses) on Sales of Other Assets and Other, net(c) | — | 652 | 6 | (284) | 374 |
| Operating Income (Loss) | 110 | 1,097 | 6 | (284) | 929 |
| Other Income and Expenses, net | |||||
| Equity in earnings (losses) of unconsolidated affiliates | — | — | 10 | — | 10 |
| Other income and expenses, net | 3 | 25 | — | — | 28 |
| Other Income and Expenses, net | 3 | 25 | 10 | — | 38 |
| Interest Expense | 37 | 89 | 2 | — | 128 |
| Income (Loss) Before Income Taxes | 76 | 1,033 | 14 | (284) | 839 |
| Income Tax Expense (Benefit) | 17 | 259 | 21 | — | 297 |
| Segment Income (Loss) | $59 | $774 | $(7) | $(284) | $542 |
(a) Includes results of the wholly owned subsidiary Duke Energy Kentucky.
(b) Includes earnings from investments in Sabal Trail and Cardinal pipelines, as well as Hardy and Pine Needle storage facilities.
(c) The gain on sale is $284 million lower at the Gas Utilities and Infrastructure segment level due to higher allocated goodwill related to the Piedmont Tennessee Disposal Group than at Piedmont Natural Gas LDC.
June 30, 2026
| (In millions) | Duke Energy Ohio(a) | Piedmont Natural Gas LDC | Midstream Pipelines and Storage | Eliminations/ Adjustments(b) | Gas Utilities and Infrastructure |
|---|---|---|---|---|---|
| Current Assets | |||||
| Cash and cash equivalents | $5 | — | $4 | $(1) | $8 |
| Receivables, net | 59 | 149 | — | — | 208 |
| Receivables from affiliated companies | — | 104 | 73 | (74) | 103 |
| Notes receivable from affiliated companies | 32 | — | — | (6) | 26 |
| Inventory | 44 | 35 | — | (1) | 78 |
| Regulatory assets | 78 | 84 | — | — | 162 |
| Other | — | 25 | 4 | 3 | 32 |
| Total current assets | 218 | 397 | 81 | (79) | 617 |
| Property, Plant and Equipment | |||||
| Cost | 5,255 | 11,693 | 76 | — | 17,024 |
| Accumulated depreciation and amortization | (1,303) | (2,216) | (17) | — | (3,536) |
| Net property, plant and equipment | 3,952 | 9,477 | 59 | — | 13,488 |
| Other Noncurrent Assets | |||||
| Goodwill | 324 | 39 | — | 1,267 | 1,630 |
| Regulatory assets | 327 | 296 | — | 52 | 675 |
| Operating lease right-of-use assets, net | — | 1 | — | 1 | 2 |
| Investments in equity method unconsolidated affiliates | — | — | 175 | 5 | 180 |
| Investment in consolidated subsidiaries | — | — | — | 6 | 6 |
| Other | 30 | 288 | 16 | (1) | 333 |
| Total other noncurrent assets | 681 | 624 | 191 | 1,330 | 2,826 |
| Total Assets | 4,851 | 10,498 | 331 | 1,251 | 16,931 |
| Segment reclassifications, intercompany balances and other | (32) | (106) | (103) | 103 | (138) |
| Reportable Segment Assets | $4,819 | $10,392 | $228 | $1,354 | $16,793 |
(a) Includes balances of the wholly owned subsidiary Duke Energy Kentucky.
(b) Includes the elimination of intercompany balances and purchase accounting adjustments.
CONDENSED CONSOLIDATING BALANCE SHEETS – LIABILITIES AND EQUITY
June 30, 2026
| (In millions) | Duke Energy Ohio(a) | Piedmont Natural Gas LDC | Midstream Pipelines and Storage | Eliminations/Adjustments(b) | Gas Utilities and Infrastructure |
|---|---|---|---|---|---|
| Current Liabilities | |||||
| Accounts payable | $61 | $223 | $9 | — | $293 |
| Accounts payable to affiliated companies | 3 | 118 | 12 | (73) | 60 |
| Notes payable to affiliated companies | 26 | 281 | — | (6) | 301 |
| Taxes accrued | 54 | 67 | — | — | 121 |
| Interest accrued | 9 | 40 | — | — | 49 |
| Current maturities of long-term debt | 17 | 40 | — | — | 57 |
| Regulatory liabilities | 26 | 53 | — | 1 | 80 |
| Other | 3 | 66 | 1 | — | 70 |
| Total current liabilities | 199 | 888 | 22 | (78) | 1,031 |
| Long-Term Debt | 860 | 3,762 | 53 | 40 | 4,715 |
| Long-Term Debt Payable to Affiliated Companies | 7 | — | — | — | 7 |
| Other Noncurrent Liabilities | |||||
| Deferred income taxes | 473 | 878 | 53 | 1 | 1,405 |
| Asset retirement obligations | 68 | 26 | — | — | 94 |
| Regulatory liabilities | 226 | 783 | — | 10 | 1,019 |
| Operating lease liabilities | — | 1 | — | — | 1 |
| Accrued pension and other post-retirement benefit costs | 23 | 6 | — | — | 29 |
| Investment tax credits | — | 1 | — | — | 1 |
| Other | 35 | 80 | — | 2 | 117 |
| Total other noncurrent liabilities | 825 | 1,775 | 53 | 13 | 2,666 |
| Equity | |||||
| Total Duke Energy Corporation stockholders' equity | 2,960 | 4,073 | 200 | 1,276 | 8,509 |
| Noncontrolling interests | — | — | 3 | — | 3 |
| Total equity | 2,960 | 4,073 | 203 | 1,276 | 8,512 |
| Total Liabilities and Equity | 4,851 | 10,498 | 331 | 1,251 | 16,931 |
| Segment reclassifications, intercompany balances and other | (32) | (106) | (103) | 103 | (138) |
| Reportable Segment Liabilities and Equity | $4,819 | $10,392 | $228 | $1,354 | $16,793 |
(a) Includes balances of the wholly owned subsidiary Duke Energy Kentucky.
(b) Includes the elimination of intercompany balances and purchase accounting adjustments.
Electric Utilities and Infrastructure · Quarterly Highlights
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| Gigawatt-hour (GWh) Sales(a) | ||||||||
| Residential | 19,649 | 19,328 | 1.7% | 2.1% | 45,054 | 44,553 | 1.1% | 0.5% |
| Commercial | 19,525 | 19,267 | 1.3% | 1.7% | 38,596 | 38,169 | 1.1% | 1.4% |
| Industrial | 11,434 | 11,751 | (2.7%) | (0.5%) | 22,172 | 22,715 | (2.4%) | (1.4%) |
| Other Energy Sales | 124 | 138 | (10.1%) | n/a | 254 | 254 | — | n/a |
| Unbilled Sales | 2,697 | 2,811 | (4.1%) | n/a | 1,022 | 995 | 2.7% | n/a |
| Total Retail Sales | 53,429 | 53,295 | 0.3% | 1.3% | 107,098 | 106,686 | 0.4% | 0.4% |
| Wholesale and Other | 11,013 | 10,866 | 1.4% | 22,798 | 22,717 | 0.4% | ||
| Total Consolidated Electric Sales – Electric Utilities and Infrastructure | 64,442 | 64,161 | 0.4% | 129,896 | 129,403 | 0.4% | ||
| Average Number of Customers (Electric) | ||||||||
| Residential | 7,638,620 | 7,520,099 | 1.6% | 7,627,440 | 7,509,110 | 1.6% | ||
| Commercial | 1,051,759 | 1,047,601 | 0.4% | 1,051,299 | 1,046,413 | 0.5% | ||
| Industrial | 14,801 | 15,125 | (2.1%) | 14,798 | 15,215 | (2.7%) | ||
| Other Energy Sales | 22,612 | 23,054 | (1.9%) | 22,685 | 23,129 | (1.9%) | ||
| Total Retail Customers | 8,727,792 | 8,605,879 | 1.4% | 8,716,222 | 8,593,867 | 1.4% | ||
| Wholesale and Other | 57 | 52 | 9.6% | 56 | 52 | 7.7% | ||
| Total Average Number of Customers – Electric Utilities and Infrastructure | 8,727,849 | 8,605,931 | 1.4% | 8,716,278 | 8,593,919 | 1.4% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 9,169 | 7,785 | 17.8% | 20,950 | 19,132 | 9.5% | ||
| Nuclear | 17,959 | 19,250 | (6.7%) | 36,465 | 38,176 | (4.5%) | ||
| Hydro | 84 | 452 | (81.4%) | 374 | 898 | (58.4%) | ||
| Natural Gas and Oil | 23,037 | 22,372 | 3.0% | 44,802 | 43,925 | 2.0% | ||
| Renewable Energy | 1,310 | 1,171 | 11.9% | 2,295 | 2,012 | 14.1% | ||
| Total Generation(d) | 51,559 | 51,030 | 1.0% | 104,886 | 104,143 | 0.7% | ||
| Purchased Power and Net Interchange(e) | 15,827 | 16,214 | (2.4%) | 31,066 | 31,166 | (0.3%) | ||
| Total Sources of Energy | 67,386 | 67,244 | 0.2% | 135,952 | 135,309 | 0.5% | ||
| Less: Line Loss and Other | 2,944 | 3,083 | (4.5%) | 6,056 | 5,906 | 2.5% | ||
| Total GWh Sources | 64,442 | 64,161 | 0.4% | 129,896 | 129,403 | 0.4% | ||
| Owned Megawatt (MW) Capacity(c)(f) | ||||||||
| Summer | 52,048 | 50,569 | ||||||
| Winter | 55,820 | 55,216 | ||||||
| Nuclear Capacity Factor (%)(g) | 93 | 99 |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
(g) Statistics reflect 100% of jointly owned stations.
Duke Energy Carolinas · Quarterly Highlights · Supplemental Electric Utilities and Infrastructure Information
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| GWh Sales(a) | ||||||||
| Residential | 6,400 | 6,165 | 3.8% | 15,482 | 15,303 | 1.2% | ||
| Commercial | 7,438 | 7,265 | 2.4% | 14,772 | 14,655 | 0.8% | ||
| Industrial | 4,890 | 4,977 | (1.7%) | 9,396 | 9,531 | (1.4%) | ||
| Other Energy Sales | 65 | 77 | (15.6%) | 134 | 133 | 0.8% | ||
| Unbilled Sales | 935 | 1,080 | (13.4%) | 320 | 350 | (8.6%) | ||
| Total Retail Sales | 19,728 | 19,564 | 0.8% | 1.6% | 40,104 | 39,972 | 0.3% | 0.4% |
| Wholesale and Other | 2,680 | 2,604 | 2.9% | 5,884 | 5,754 | 2.3% | ||
| Total Consolidated Electric Sales – Duke Energy Carolinas | 22,408 | 22,168 | 1.1% | 45,988 | 45,726 | 0.6% | ||
| Average Number of Customers | ||||||||
| Residential | 2,586,496 | 2,536,178 | 2.0% | 2,581,223 | 2,530,372 | 2.0% | ||
| Commercial | 402,857 | 402,816 | — | 402,932 | 402,377 | 0.1% | ||
| Industrial | 5,739 | 5,845 | (1.8%) | 5,744 | 5,870 | (2.1%) | ||
| Other Energy Sales | 10,672 | 10,803 | (1.2%) | 10,686 | 10,819 | (1.2%) | ||
| Total Retail Customers | 3,005,764 | 2,955,642 | 1.7% | 3,000,585 | 2,949,438 | 1.7% | ||
| Wholesale and Other | 30 | 27 | 11.1% | 28 | 26 | 7.7% | ||
| Total Average Number of Customers – Duke Energy Carolinas | 3,005,794 | 2,955,669 | 1.7% | 3,000,613 | 2,949,464 | 1.7% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 2,613 | 1,538 | 69.9% | 5,544 | 4,823 | 14.9% | ||
| Nuclear | 10,474 | 11,363 | (7.8%) | 21,881 | 23,152 | (5.5%) | ||
| Hydro | (55) | 216 | (125.5%) | 71 | 467 | (84.8%) | ||
| Natural Gas and Oil | 6,770 | 6,590 | 2.7% | 13,221 | 12,470 | 6.0% | ||
| Renewable Energy | 80 | 87 | (8.0%) | 139 | 144 | (3.5%) | ||
| Total Generation(d) | 19,882 | 19,794 | 0.4% | 40,856 | 41,056 | (0.5%) | ||
| Purchased Power and Net Interchange(e) | 3,516 | 3,432 | 2.4% | 7,270 | 6,670 | 9.0% | ||
| Total Sources of Energy | 23,398 | 23,226 | 0.7% | 48,126 | 47,726 | 0.8% | ||
| Less: Line Loss and Other | 990 | 1,058 | (6.4%) | 2,138 | 2,000 | 6.9% | ||
| Total GWh Sources | 22,408 | 22,168 | 1.1% | 45,988 | 45,726 | 0.6% | ||
| Owned MW Capacity(c)(f) | ||||||||
| Summer | 19,842 | 19,745 | ||||||
| Winter | 20,934 | 20,842 | ||||||
| Nuclear Capacity Factor (%)(g) | 93 | 100 | ||||||
| Heating and Cooling Degree Days | ||||||||
| Actual | ||||||||
| Heating Degree Days | 142 | 127 | 11.8% | 1,739 | 1,770 | (1.8%) | ||
| Cooling Degree Days | 581 | 596 | (2.5%) | 627 | 604 | 3.8% | ||
| Variance from Normal | ||||||||
| Heating Degree Days | (30.6%) | (38.7%) | (7.9%) | (7.1%) | ||||
| Cooling Degree Days | 14.5% | 18.5% | 21.6% | 18.2% |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
(g) Statistics reflect 100% of jointly owned stations.
Duke Energy Progress · Quarterly Highlights · Supplemental Electric Utilities and Infrastructure Information
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| GWh Sales(a) | ||||||||
| Residential | 3,989 | 3,886 | 2.7% | 9,915 | 9,766 | 1.5% | ||
| Commercial | 3,719 | 3,695 | 0.6% | 7,518 | 7,435 | 1.1% | ||
| Industrial | 2,316 | 2,375 | (2.5%) | 4,508 | 4,832 | (6.7%) | ||
| Other Energy Sales | 21 | 21 | — | 42 | 42 | — | ||
| Unbilled Sales | 615 | 669 | (8.1%) | 120 | (78) | 253.8% | ||
| Total Retail Sales | 10,660 | 10,646 | 0.1% | 1.9% | 22,103 | 21,997 | 0.5% | 0.4% |
| Wholesale and Other | 6,780 | 6,412 | 5.7% | 13,624 | 13,246 | 2.9% | ||
| Total Consolidated Electric Sales – Duke Energy Progress | 17,440 | 17,058 | 2.2% | 35,727 | 35,243 | 1.4% | ||
| Average Number of Customers | ||||||||
| Residential | 1,551,088 | 1,523,129 | 1.8% | 1,548,103 | 1,520,911 | 1.8% | ||
| Commercial | 249,885 | 249,001 | 0.4% | 249,687 | 248,667 | 0.4% | ||
| Industrial | 2,940 | 3,043 | (3.4%) | 2,956 | 3,057 | (3.3%) | ||
| Other Energy Sales | 2,357 | 2,391 | (1.4%) | 2,363 | 2,399 | (1.5%) | ||
| Total Retail Customers | 1,806,270 | 1,777,564 | 1.6% | 1,803,109 | 1,775,034 | 1.6% | ||
| Wholesale and Other | 9 | 8 | 12.5% | 9 | 8 | 12.5% | ||
| Total Average Number of Customers – Duke Energy Progress | 1,806,279 | 1,777,572 | 1.6% | 1,803,118 | 1,775,042 | 1.6% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 1,803 | 1,773 | 1.7% | 3,818 | 4,049 | (5.7%) | ||
| Nuclear | 7,485 | 7,887 | (5.1%) | 14,584 | 15,024 | (2.9%) | ||
| Hydro | 73 | 179 | (59.2%) | 192 | 317 | (39.4%) | ||
| Natural Gas and Oil | 5,377 | 4,996 | 7.6% | 12,318 | 11,515 | 7.0% | ||
| Renewable Energy | 102 | 68 | 50.0% | 162 | 118 | 37.3% | ||
| Total Generation(d) | 14,840 | 14,903 | (0.4%) | 31,074 | 31,023 | 0.2% | ||
| Purchased Power and Net Interchange(e) | 3,257 | 2,761 | 18.0% | 5,552 | 5,253 | 5.7% | ||
| Total Sources of Energy | 18,097 | 17,664 | 2.5% | 36,626 | 36,276 | 1.0% | ||
| Less: Line Loss and Other | 657 | 606 | 8.4% | 899 | 1,033 | (13.0%) | ||
| Total GWh Sources | 17,440 | 17,058 | 2.2% | 35,727 | 35,243 | 1.4% | ||
| Owned MW Capacity(c)(f) | ||||||||
| Summer | 12,865 | 12,585 | ||||||
| Winter | 14,067 | 13,880 | ||||||
| Nuclear Capacity Factor (%)(g) | 93 | 96 | ||||||
| Heating and Cooling Degree Days | ||||||||
| Actual | ||||||||
| Heating Degree Days | 122 | 83 | 47.0% | 1,667 | 1,606 | 3.8% | ||
| Cooling Degree Days | 678 | 754 | (10.1%) | 731 | 769 | (4.9%) | ||
| Variance from Normal | ||||||||
| Heating Degree Days | (28.2%) | (51.7%) | (3.2%) | (7.5%) | ||||
| Cooling Degree Days | 19.3% | 34.2% | 25.7% | 33.7% |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
(g) Statistics reflect 100% of jointly owned stations.
Duke Energy Florida · Quarterly Highlights · Supplemental Electric Utilities and Infrastructure Information
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| GWh Sales(a) | ||||||||
| Residential | 5,568 | 5,622 | (1.0%) | 10,357 | 10,240 | 1.1% | ||
| Commercial | 4,035 | 3,964 | 1.8% | 7,468 | 7,366 | 1.4% | ||
| Industrial | 744 | 851 | (12.6%) | 1,518 | 1,634 | (7.1%) | ||
| Other Energy Sales | 6 | 7 | (14.3%) | 13 | 14 | (7.1%) | ||
| Unbilled Sales | 766 | 640 | — | 726 | 515 | 41.0% | ||
| Total Retail Sales | 11,119 | 11,084 | 0.3% | 0.8% | 20,082 | 19,769 | 1.6% | 0.5% |
| Wholesale and Other | 623 | 642 | (3.0%) | 976 | 1,025 | (4.8%) | ||
| Total Electric Sales – Duke Energy Florida | 11,742 | 11,726 | 0.1% | 21,058 | 20,794 | 1.3% | ||
| Average Number of Customers | ||||||||
| Residential | 1,842,536 | 1,815,652 | 1.5% | 1,839,988 | 1,813,649 | 1.5% | ||
| Commercial | 214,645 | 212,623 | 1.0% | 214,445 | 212,229 | 1.0% | ||
| Industrial | 1,592 | 1,580 | 0.8% | 1,556 | 1,598 | (2.6%) | ||
| Other Energy Sales | 3,474 | 3,538 | (1.8%) | 3,486 | 3,550 | (1.8%) | ||
| Total Retail Customers | 2,062,247 | 2,033,393 | 1.4% | 2,059,475 | 2,031,026 | 1.4% | ||
| Wholesale and Other | 13 | 12 | 8.3% | 14 | 13 | 7.7% | ||
| Total Average Number of Customers – Duke Energy Florida | 2,062,260 | 2,033,405 | 1.4% | 2,059,489 | 2,031,039 | 1.4% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 1,083 | 1,239 | (12.6%) | 2,571 | 1,693 | 51.9% | ||
| Natural Gas and Oil | 9,490 | 9,621 | (1.4%) | 16,519 | 17,625 | (6.3%) | ||
| Renewable Energy | 1,116 | 1,007 | 10.8% | 1,976 | 1,736 | 13.8% | ||
| Total Generation(d) | 11,689 | 11,867 | (1.5%) | 21,066 | 21,054 | 0.1% | ||
| Purchased Power and Net Interchange(e) | 349 | 343 | 1.7% | 594 | 451 | 31.7% | ||
| Total Sources of Energy | 12,038 | 12,210 | (1.4%) | 21,660 | 21,505 | 0.7% | ||
| Less: Line Loss and Other | 296 | 484 | (38.8%) | 602 | 711 | (15.3%) | ||
| Total GWh Sources | 11,742 | 11,726 | 0.1% | 21,058 | 20,794 | 1.3% | ||
| Owned MW Capacity(c)(f) | ||||||||
| Summer | 11,929 | 10,855 | ||||||
| Winter | 12,840 | 12,515 | ||||||
| Heating and Cooling Degree Days | ||||||||
| Actual | ||||||||
| Heating Degree Days | — | — | — | 416 | 359 | 15.9% | ||
| Cooling Degree Days | 1,237 | 1,261 | (1.9%) | 1,504 | 1,476 | 1.9% | ||
| Variance from Normal | ||||||||
| Heating Degree Days | (100.0%) | (100.0%) | 9.6% | (3.8%) | ||||
| Cooling Degree Days | 16.5% | 17.8% | 18.9% | 15.2% |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
Duke Energy Ohio · Quarterly Highlights · Supplemental Electric Utilities and Infrastructure Information
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| GWh Sales(a) | ||||||||
| Residential | 1,837 | 1,813 | 1.3% | 4,550 | 4,485 | 1.4% | ||
| Commercial | 2,352 | 2,317 | 1.5% | 4,752 | 4,646 | 2.3% | ||
| Industrial | 1,060 | 1,126 | (5.9%) | 2,171 | 2,222 | (2.3%) | ||
| Other Energy Sales | 20 | 21 | (4.8%) | 41 | 40 | 2.5% | ||
| Unbilled Sales | 199 | 259 | (23.2%) | (1) | 138 | (100.7%) | ||
| Total Retail Sales | 5,468 | 5,536 | (1.2%) | 0.4% | 11,513 | 11,531 | (0.2%) | 0.6% |
| Wholesale and Other | 362 | 135 | 168.1% | 628 | 247 | 154.3% | ||
| Total Electric Sales – Duke Energy Ohio | 5,830 | 5,671 | 2.8% | 12,141 | 11,778 | 3.1% | ||
| Average Number of Customers | ||||||||
| Residential | 842,056 | 837,594 | 0.5% | 842,449 | 837,735 | 0.6% | ||
| Commercial | 76,725 | 76,391 | 0.4% | 76,676 | 76,453 | 0.3% | ||
| Industrial | 1,944 | 2,051 | (5.2%) | 1,958 | 2,076 | (5.7%) | ||
| Other Energy Sales | 2,552 | 2,605 | (2.0%) | 2,558 | 2,629 | (2.7%) | ||
| Total Retail Customers | 923,277 | 918,641 | 0.5% | 923,641 | 918,893 | 0.5% | ||
| Wholesale and Other | 1 | 1 | — | 1 | 1 | — | ||
| Total Average Number of Customers – Duke Energy Ohio | 923,278 | 918,642 | 0.5% | 923,642 | 918,894 | 0.5% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 745 | 576 | 29.3% | 1,645 | 1,355 | 21.4% | ||
| Natural Gas and Oil | 142 | 98 | 44.9% | 245 | 135 | 81.5% | ||
| Renewable Energy | 3 | — | — | 4 | — | — | ||
| Total Generation(d) | 890 | 674 | 32.0% | 1,894 | 1,490 | 27.1% | ||
| Purchased Power and Net Interchange(e) | 5,525 | 5,602 | (1.4%) | 11,432 | 11,648 | (1.9%) | ||
| Total Sources of Energy | 6,415 | 6,276 | 2.2% | 13,326 | 13,138 | 1.4% | ||
| Less: Line Loss and Other | 585 | 605 | (3.3%) | 1,185 | 1,360 | (12.9%) | ||
| Total GWh Sources | 5,830 | 5,671 | 2.8% | 12,141 | 11,778 | 3.1% | ||
| Owned MW Capacity(c)(f) | ||||||||
| Summer | 1,085 | 1,080 | ||||||
| Winter | 1,173 | 1,173 | ||||||
| Heating and Cooling Degree Days | ||||||||
| Actual | ||||||||
| Heating Degree Days | 298 | 408 | (27.0%) | 2,760 | 2,971 | (7.1%) | ||
| Cooling Degree Days | 340 | 344 | (1.2%) | 360 | 351 | 2.6% | ||
| Variance from Normal | ||||||||
| Heating Degree Days | (32.8%) | (8.0%) | (7.8%) | (0.7%) | ||||
| Cooling Degree Days | 0.6% | 1.8% | 5.7% | 3.1% |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
Duke Energy Indiana · Quarterly Highlights · Supplemental Electric Utilities and Infrastructure Information
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,%Inc. (Dec.) | Three Months Ended June 30,% Inc. (Dec.)Weather Normal(b) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30,% Inc. (Dec.)Weather Normal(b) |
|---|---|---|---|---|---|---|---|---|
| GWh Sales(a) | ||||||||
| Residential | 1,855 | 1,842 | 0.7% | 4,750 | 4,759 | (0.2%) | ||
| Commercial | 1,981 | 2,026 | (2.2%) | 4,086 | 4,067 | 0.5% | ||
| Industrial | 2,424 | 2,422 | 0.1% | 4,579 | 4,496 | 1.8% | ||
| Other Energy Sales | 12 | 12 | — | 24 | 25 | (4.0%) | ||
| Unbilled Sales | 182 | 163 | 11.7% | (143) | 70 | (304.3%) | ||
| Total Retail Sales | 6,454 | 6,465 | (0.2%) | 1.2% | 13,296 | 13,417 | (0.9%) | 0.1% |
| Wholesale and Other | 568 | 1,073 | (47.1%) | 1,686 | 2,445 | (31.0%) | ||
| Total Electric Sales – Duke Energy Indiana | 7,022 | 7,538 | (6.8%) | 14,982 | 15,862 | (5.5%) | ||
| Average Number of Customers | ||||||||
| Residential | 816,444 | 807,546 | 1.1% | 815,677 | 806,443 | 1.1% | ||
| Commercial | 107,647 | 106,770 | 0.8% | 107,559 | 106,687 | 0.8% | ||
| Industrial | 2,586 | 2,606 | (0.8%) | 2,584 | 2,614 | (1.1%) | ||
| Other Energy Sales | 3,557 | 3,717 | (4.3%) | 3,592 | 3,732 | (3.8%) | ||
| Total Retail Customers | 930,234 | 920,639 | 1.0% | 929,412 | 919,476 | 1.1% | ||
| Wholesale and Other | 4 | 4 | — | 4 | 4 | — | ||
| Total Average Number of Customers – Duke Energy Indiana | 930,238 | 920,643 | 1.0% | 929,416 | 919,480 | 1.1% | ||
| Sources of Electric Energy (GWh) | ||||||||
| Generated – Net Output(c) | ||||||||
| Coal | 2,925 | 2,659 | 10.0% | 7,372 | 7,212 | 2.2% | ||
| Hydro | 66 | 57 | 15.8% | 111 | 114 | (2.6%) | ||
| Natural Gas and Oil | 1,258 | 1,067 | 17.9% | 2,499 | 2,180 | 14.6% | ||
| Renewable Energy | 9 | 9 | — | 14 | 14 | — | ||
| Total Generation(d) | 4,258 | 3,792 | 12.3% | 9,996 | 9,520 | 5.0% | ||
| Purchased Power and Net Interchange(e) | 3,180 | 4,076 | (22.0%) | 6,218 | 7,144 | (13.0%) | ||
| Total Sources of Energy | 7,438 | 7,868 | (5.5%) | 16,214 | 16,664 | (2.7%) | ||
| Less: Line Loss and Other | 416 | 330 | 26.1% | 1,232 | 802 | 53.6% | ||
| Total GWh Sources | 7,022 | 7,538 | (6.8%) | 14,982 | 15,862 | (5.5%) | ||
| Owned MW Capacity(c)(f) | ||||||||
| Summer | 6,327 | 6,304 | ||||||
| Winter | 6,806 | 6,806 | ||||||
| Heating and Cooling Degree Days | ||||||||
| Actual | ||||||||
| Heating Degree Days | 348 | 430 | (19.1%) | 2,927 | 3,161 | (7.4%) | ||
| Cooling Degree Days | 343 | 352 | (2.6%) | 359 | 354 | 1.4% | ||
| Variance from Normal | ||||||||
| Heating Degree Days | (29.5%) | (12.3%) | (10.2%) | (2.2%) | ||||
| Cooling Degree Days | 0.1% | 2.4% | 4.1% | 2.3% |
(a) Except as indicated in footnote (b), represents non-weather-normalized billed sales, with energy delivered but not yet billed (i.e., unbilled sales) reflected as a single amount and not allocated to the respective retail classes.
(b) Represents weather-normal total retail calendar sales (i.e., billed and unbilled sales).
(c) Statistics reflect Duke Energy's ownership share of jointly owned stations.
(d) Generation by source is reported net of auxiliary power.
(e) Purchased power includes renewable energy purchases.
(f) Based on winter capacity for Fossil, Nuclear and Hydro generation stations, and nameplate capacity for Renewable generation stations.
Gas Utilities and Infrastructure · Quarterly Highlights
June 2026
| Line item | Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | Three Months Ended June 30,% Inc. (Dec.) | Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | Six Months Ended June 30,% Inc. (Dec.) |
|---|---|---|---|---|---|---|
| Total Sales | ||||||
| Piedmont Natural Gas Local Distribution Company (LDC) throughput (dekatherms)(a) | 132,770,392 | 125,745,045 | 5.6% | 316,945,789 | 307,204,892 | 3.2% |
| Duke Energy Midwest LDC throughput (Mcf)(a) | 12,023,233 | 13,882,749 | (13.4%) | 48,925,823 | 54,338,433 | (10.0%) |
| Average Number of Customers – Piedmont Natural Gas | ||||||
| Residential | 907,523 | 1,090,225 | (16.8%) | 971,464 | 1,091,561 | (11.0%) |
| Commercial | 91,772 | 109,004 | (15.8%) | 98,435 | 109,426 | (10.0%) |
| Industrial | 755 | 940 | (19.7%) | 814 | 943 | (13.7%) |
| Power Generation | 19 | 19 | — | 19 | 19 | — |
| Total Average Number of Gas Customers – Piedmont Natural Gas | 1,000,069 | 1,200,188 | (16.7%) | 1,070,732 | 1,201,949 | (10.9%) |
| Average Number of Customers – Duke Energy Midwest | ||||||
| Residential | 525,236 | 523,704 | 0.3% | 526,881 | 525,151 | 0.3% |
| Commercial | 34,503 | 34,119 | 1.1% | 35,136 | 34,702 | 1.3% |
| Industrial | 1,951 | 2,200 | (11.3%) | 1,979 | 2,267 | (12.7%) |
| Other | 114 | 117 | (2.6%) | 114 | 117 | (2.6%) |
| Total Average Number of Gas Customers – Duke Energy Midwest | 561,804 | 560,140 | 0.3% | 564,110 | 562,237 | 0.3% |
(a) Piedmont has a margin decoupling mechanism in North Carolina, weather normalization mechanisms in South Carolina and Tennessee and fixed-price contracts with most power generation customers that significantly eliminate the impact of throughput changes on earnings. Duke Energy Ohio's rate design also serves to offset this impact. On March 31, 2026, Piedmont closed on the sale of its Tennessee business.