Duke Energy CORP
Business
Duke Energy is a regulated utility company providing electric and natural gas services across the Southeast and Midwest United States. The company generates, transmits, and distributes electricity to approximately 8.7 million retail customers and distributes natural gas to approximately 1.8 million customers through its two main business segments: Electric Utilities & Infrastructure (EU&I) and Gas Utilities & Infrastructure (GU&I). Operations span six states for electric utilities and five states for natural gas, with service regulated by state utility commissions and federal agencies including FERC and NRC.
Summary from 10-K filed 2026-02-26
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Regulated electric | 29,060 | 27,787 | 26,617 | 25,759 | 22,319 | |
| Regulated natural gas | 2,870 | 2,252 | 2,152 | 2,724 | 2,008 | |
| Nonregulated electric and other | 307 | 318 | 291 | 285 | 294 | |
| Total operating revenues | 32,237 | 30,357 | 29,060 | 28,768 | 24,621 | |
| Operation, maintenance and other | 6,698 | 5,389 | 5,625 | 5,734 | 5,703 | |
| Depreciation and amortization | 6,324 | 5,793 | 5,253 | 5,086 | 4,762 | |
| Property and other taxes | 1,597 | 1,466 | 1,400 | 1,466 | 1,355 | |
| Impairment of assets and other charges | −4 | 38 | 85 | 434 | 353 | |
| Total operating expenses | 23,656 | 22,457 | 22,042 | 22,778 | 19,133 | |
| Gains on Sales of Other Assets and Other, net | 45 | 26 | 52 | 22 | 12 | |
| Operating Income | 8,626 | 7,926 | 7,070 | 6,012 | 5,500 | |
| Equity in earnings (losses) of unconsolidated affiliates | 51 | −9 | 113 | 113 | 62 | |
| Other income and expenses, net | 669 | 661 | 598 | 392 | 636 | |
| Total other income and expenses | 720 | 652 | 711 | 505 | 698 | |
| Interest Expense | 3,634 | 3,384 | 3,014 | 2,439 | 2,207 | |
| Income From Continuing Operations Before Income Taxes | 5,712 | 5,194 | 4,767 | 4,078 | 3,991 | |
| Income Tax Expense From Continuing Operations | 642 | 590 | 438 | 300 | 268 | |
| Income From Continuing Operations | 5,070 | 4,604 | 4,329 | 3,778 | 3,723 | |
| (Loss) Income from discontinued operations, net of tax | 1 | 10 | −1,455 | −1,323 | −144 | |
| Net Income | 5,071 | 4,614 | 2,874 | 2,455 | 3,579 | |
| Less: Net Income Attributable to Noncontrolling Interests | 103 | 90 | 33 | −95 | 329 | |
| Net Income | 4,968 | 4,524 | 2,841 | 2,550 | 3,908 | |
| Less: Preferred Dividends | 56 | 106 | 106 | 106 | 106 | |
| Less: Preferred Redemption Costs | 0 | 16 | 0 | 0 | — | |
| Net Income Available to Duke Energy Corporation Common Stockholders | 4,912 | 4,402 | 2,735 | 2,444 | 3,802 | |
| Basic (usd per share) | 0 | 0.01 | −1.81 | −1.57 | 0.26 | |
| Diluted (usd per share) | 6.31 | 5.7 | 5.35 | 4.74 | 4.68 | |
| Basic (usd per share) | 6.31 | 5.7 | 5.35 | 4.74 | 4.68 | |
| Diluted (usd per share) | 0 | 0.01 | −1.81 | −1.57 | 0.26 | |
| Basic (usd per share) | 0 | 0.01 | −1.81 | −1.57 | 0.26 | |
| Diluted (usd per share) | 0 | 0.01 | −1.81 | −1.57 | 0.26 | |
| Basic (usd per share) | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 | |
| Diluted (usd per share) | 6.31 | 5.71 | 3.54 | 3.17 | 4.94 | |
| Basic (in shares) | 777 | 772 | 771 | 770 | 769 | |
| Diluted (in shares) | 777 | 772 | 771 | 770 | 769 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 245 | 314 | 253 | 409 | 341 | |
| Receivables (net of allowance for doubtful accounts) | 16 | 1,889 | 3,019 | 3,106 | 2,437 | |
| Receivables of VIEs (net of allowance for doubtful accounts) | 4,214 | 2,170 | 1,112 | 1,309 | 1,085 | |
| Receivable from sales of Commercial Renewables Disposal Groups | 0 | 551 | 0 | — | — | |
| Inventory (includes $669 at 2025 and $494 at 2024 related to VIEs) | 4,569 | 4,496 | 4,292 | 3,584 | 3,111 | |
| Regulatory assets | 1,934 | 2,739 | 3,648 | 3,485 | 2,150 | |
| Assets held for sale | 109 | 96 | 14 | 356 | 232 | |
| Other (includes amounts related to VIEs) | 526 | 695 | 431 | 973 | 584 | |
| Total current assets | 11,613 | 12,950 | 12,769 | 13,222 | 9,940 | |
| Cost | 190,409 | 178,737 | 171,353 | 163,839 | 154,496 | |
| Accumulated depreciation and amortization | −60,450 | −57,111 | −56,038 | −52,100 | −49,104 | |
| Net property, plant and equipment | 129,959 | 121,626 | 115,315 | 111,748 | 105,536 | |
| Goodwill | 19,000 | 19,000 | 19,300 | 19,300 | 19,300 | |
| Other Noncurrent Assets: Regulatory assets | 14,379 | 14,220 | 13,618 | 14,645 | 12,487 | |
| Nuclear decommissioning trust funds | 12,889 | 11,434 | 10,143 | 8,637 | 10,401 | |
| Operating lease right-of-use assets, net | 1,241 | 1,148 | 1,092 | 1,042 | 1,136 | |
| Investments in equity method unconsolidated affiliates | 330 | 353 | 492 | 455 | 457 | |
| Total noncurrent assets held for sale | 2,148 | 2,095 | 197 | 5,634 | 6,695 | |
| Other (including amounts related to VIEs) | 4,167 | 3,507 | 3,964 | 3,400 | 3,632 | |
| Total other noncurrent assets | 54,164 | 51,767 | 48,809 | 53,116 | 54,111 | |
| Total Assets | 195,736 | 186,343 | 176,893 | 178,086 | 169,587 | |
| Accounts payable | 5,223 | 5,436 | 4,228 | 4,754 | 3,531 | |
| Notes payable and commercial paper | 2,624 | 3,584 | 4,288 | 3,952 | 3,304 | |
| Taxes accrued | 975 | 851 | 816 | 722 | 731 | |
| Interest accrued | 922 | 854 | 745 | 626 | 530 | |
| Current maturities of long-term debt | 7,104 | 4,349 | 2,800 | 3,878 | 3,387 | |
| Asset retirement obligations | 579 | 650 | 596 | 773 | 647 | |
| Regulatory liabilities | 1,271 | 1,421 | 1,369 | 1,466 | 1,211 | |
| Liabilities associated with assets held for sale | 84 | 132 | 122 | 535 | 167 | |
| Other | 2,265 | 2,080 | 2,319 | 2,167 | 2,423 | |
| Total current liabilities | 21,047 | 19,357 | 17,283 | 18,873 | 15,931 | |
| Long-Term Debt (includes amounts related to VIEs) | 80,108 | 76,340 | 72,452 | 65,873 | 60,448 | |
| Deferred income taxes | 12,377 | 11,424 | 10,556 | 9,964 | 9,379 | |
| Total noncurrent asset retirement obligation | 9,046 | 9,338 | 8,560 | 11,955 | 11,953 | |
| Total noncurrent regulatory liabilities | 15,682 | 14,521 | 14,039 | 13,582 | 16,152 | |
| Operating lease liabilities | 1,033 | 957 | 917 | 876 | — | |
| Accrued pension and other post-retirement benefit costs | 396 | 434 | 485 | 832 | 855 | |
| Investment tax credits | 969 | 894 | 864 | 849 | 833 | |
| Liabilities associated with assets held for sale | 170 | 271 | 157 | 1,927 | 612 | |
| Other | 1,889 | 1,551 | 1,393 | 1,502 | 1,348 | |
| Total other noncurrent liabilities | 41,562 | 39,390 | 36,971 | 41,487 | 42,072 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Common stock | 1 | 1 | 1 | 1 | 1 | |
| Additional paid-in capital | 45,614 | 45,494 | 44,920 | 44,862 | 44,371 | |
| Retained earnings | 5,056 | 3,431 | 2,235 | 2,637 | 3,265 | |
| Accumulated other comprehensive income | 198 | 228 | −6 | −140 | −303 | |
| Total Duke Energy Corporation stockholders' equity | 51,842 | 50,127 | 49,112 | 49,322 | 49,296 | |
| Noncontrolling interests | 1,177 | 1,129 | 1,075 | 2,531 | 1,840 | |
| Total equity | 53,019 | 51,256 | 50,187 | 51,853 | 51,136 | |
| Total Liabilities and Equity | 195,736 | 186,343 | 176,893 | 178,086 | 169,587 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation, amortization and accretion (including amortization of nuclear fuel) | 7,704 | 6,419 | 6,084 | 5,843 | 5,663 | |
| Equity in (earnings) losses of unconsolidated affiliates | −51 | 9 | −98 | −114 | −28 | |
| Losses on sales of Commercial Renewables Disposal Groups | 4 | 14 | 1,725 | 1,748 | 0 | |
| Equity component of AFUDC | −328 | −233 | −198 | −197 | −171 | |
| Deferred income taxes | 1,204 | 987 | 3 | −200 | 191 | |
| Contributions to qualified pension plans | −100 | −100 | −100 | −58 | — | |
| Payments for asset retirement obligations | −509 | −545 | −632 | −584 | −540 | |
| Net realized and unrealized mark-to-market and hedging transactions | 0 | −103 | −18 | 19 | 50 | |
| Receivables | −187 | −23 | 443 | −788 | −297 | |
| Inventory | −63 | −212 | −706 | −476 | −34 | |
| Other current assets | 6 | 885 | −267 | −1,498 | −1,136 | |
| Accounts payable | −821 | 1,329 | −800 | 805 | 249 | |
| Taxes accrued | 127 | 32 | 126 | 10 | 284 | |
| Other current liabilities | 52 | −55 | −80 | −153 | −13 | |
| Other assets | −265 | −1,170 | 914 | −1,577 | 125 | |
| Other liabilities | 535 | 468 | 575 | 410 | 95 | |
| Net cash provided by operating activities | 12,330 | 12,328 | 9,878 | 5,927 | 8,290 | |
| Capital expenditures | −14,024 | −12,280 | −12,604 | −11,367 | −9,715 | |
| Contributions to equity method investments | 0 | −8 | −34 | −58 | −81 | |
| Return of investment capital | 22 | 25 | 16 | 6 | 44 | |
| Purchases of debt and equity securities | −8,888 | −5,703 | −3,761 | −4,243 | −6,098 | |
| Proceeds from sales and maturities of debt and equity securities | 9,005 | 5,803 | 3,824 | 4,333 | 6,103 | |
| Proceeds from the sales of other assets | 67 | 49 | 149 | 83 | 0 | |
| Proceeds from the sales of Commercial Renewables Disposal Groups, net of cash divested | 559 | 0 | 734 | 0 | 0 | |
| Other | −1,079 | −1,009 | −799 | −727 | −333 | |
| Net cash used in investing activities | −14,338 | −13,123 | −12,475 | −11,973 | −10,935 | |
| Proceeds from the issuance of long-term debt | 11,891 | 8,956 | 10,028 | 11,874 | 9,052 | |
| Proceeds from the issuance of common stock | 16 | 405 | 8 | 9 | 5 | |
| Redemption of preferred stock | 0 | −1,000 | 0 | 0 | — | |
| Payments for the redemption of long-term debt | −5,652 | −3,357 | −4,737 | −4,396 | −5,294 | |
| Proceeds from the issuance of short-term debt with original maturities greater than 90 days | 124 | 557 | 610 | 80 | 332 | |
| Payments for the redemption of short-term debt with original maturities greater than 90 days | −5 | −1,096 | −125 | −287 | −997 | |
| Notes payable and commercial paper | −1,238 | −388 | −343 | 781 | 1,144 | |
| Contributions from noncontrolling interests | — | 47 | 278 | 1,377 | 1,575 | |
| Dividends paid | −3,300 | −3,213 | −3,244 | −3,179 | −3,114 | |
| Other | 114 | −52 | −124 | −130 | −94 | |
| Net cash provided by financing activities | 1,950 | 859 | 2,351 | 6,129 | 2,609 | |
| Net (decrease) increase in cash, cash equivalents and restricted cash | −58 | 64 | −246 | 83 | −36 | |
| Cash paid for interest, net of amount capitalized | 3,590 | 3,284 | 2,883 | 2,361 | 2,248 | |
| Cash (received from) paid for income taxes, net (includes transferable tax credit sale proceeds) | −625 | −400 | 1 | −6 | −3 | |
| Accrued capital expenditures | 2,674 | 1,909 | 1,908 | 1,766 | 1,325 |
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Frequently asked questions
What is Duke Energy CORP's CIK number?
Duke Energy CORP's SEC CIK number is 0001326160 (1326160). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Duke Energy CORP's SEC filings?
All of Duke Energy CORP's EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Duke Energy CORP last report earnings?
Duke Energy CORP (DUKB) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001326160-26-000022). This is Duke Energy CORP's most recent earnings filing of record — not a forecast of its next earnings date.
What is Duke Energy CORP's most recent earnings 8-K?
Duke Energy CORP's latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001326160-26-000022. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Duke Energy CORP's latest earnings 8-K →
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