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Duke Energy DUK Natural Gas Reserves — Cost of Sales

Other product segments

Electricity
$2.23B

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WECCost of natural gas sold
$941.2M+21.4%

Other financials

Income statement

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Revenue$7.4B+3.1%
Operating income$1.8B+7.2%
Net income$984.0M+9.3%
EPS (diluted)$1.25+10.6%

Balance sheet

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Cash & equivalents$442.0M-8.5%
Total debt$82.4B+2.8%
Total equity$50.9B+2.4%
Total assets$189.71B+4.5%

Cash flow

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Operating cash flow$2.9B-3.0%
CapEx$3.3B+9.5%
Free cash flow-$417.0M-870%

Valuation

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Market cap$100.76B+7.5%
Enterprise value$182.7B+4.0%
P/E20.8×+1.4×
P/S3.3×+0.2×

Profitability

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Gross margin74%
Operating margin27.2%+1.6pp
Net margin15.7%+1.3pp
FCF margin-1.8%

Returns & leverage

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Return on equity9.6%+0.9pp
Debt / equity1.6×0.0×
Current ratio0.7×-0.2×

Where this comes from

Reported directly by Duke Energy in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.

The official record: Duke Energy’s 10-Q, filed August 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Duke Energy's natural gas reserves — cost of sales?
Duke Energy (DUK) reported natural gas reserves — cost of sales of $158M in Q2 2025.
How has Duke Energy's natural gas reserves — cost of sales changed year-over-year?
Duke Energy's natural gas reserves — cost of sales increased by 102.6% year-over-year, from $78M to $158M.
What is the long-term trend for Duke Energy's natural gas reserves — cost of sales?
Over 3 years (2021 to 2024), Duke Energy's natural gas reserves — cost of sales has grown at a -7.1% compound annual growth rate (CAGR), from $705M to $565M.
What does natural gas reserves — cost of sales mean?
This metric represents the direct expenses incurred by the utility to procure natural gas for distribution to its retail and wholesale customers. It encompasses the commodity purchase price, transportation costs, and storage fees associated with maintaining a reliable supply chain. As a key component of the cost of sales, it reflects the company's exposure to commodity market volatility and the effectiveness of its fuel cost recovery mechanisms.