Duke Energy Corp (DUK) financial statements: income statement, balance sheet and cash flow

Duke Energy Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Duke Energy Corp reported revenue of $32.2B (+6.2% year on year) and net income of $5.1B (+9.9% year on year).

Income statement

Duke Energy Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Regulated electric	$29.1B	$27.8B	$26.6B	$25.8B
Regulated natural gas	$2.9B	$2.3B	$2.2B	$2.7B
Nonregulated electric and other	$307.0M	$318.0M	$291.0M	$285.0M
Total operating revenues	$32.2B	$30.4B	$29.1B	$28.8B
Cost of sales	$13.0B	$14.1B	$14.2B	—
Operation, maintenance and other	$6.7B	$5.4B	$5.6B	$5.7B
Depreciation and amortization	$6.3B	$5.8B	$5.3B	$5.1B
Property and other taxes	$1.6B	$1.5B	$1.4B	$1.5B
Impairment of assets and other charges	($4.0M)	$38.0M	$85.0M	$434.0M
Total operating expenses	$23.7B	$22.5B	$22.0B	$22.8B
Gains on Sales of Other Assets and Other, net	$45.0M	$26.0M	$52.0M	$4.0M
Operating Income	$8.6B	$7.9B	$7.1B	$6.0B
Equity in earnings (losses) of unconsolidated affiliates	$51.0M	($9.0M)	$113.0M	$113.0M
Other income and expenses, net	$669.0M	$661.0M	$598.0M	$392.0M
Total other income and expenses	$720.0M	$652.0M	$711.0M	$505.0M
Interest Expense	$3.6B	$3.4B	$3.0B	$2.4B
Income From Continuing Operations Before Income Taxes	$5.7B	$5.2B	$4.8B	$4.1B
Income Tax Expense From Continuing Operations	$642.0M	$590.0M	$438.0M	$300.0M
Income From Continuing Operations	$5.1B	$4.6B	$4.3B	$3.8B
(Loss) Income from discontinued operations, net of tax	$1.0M	$10.0M	($1.5B)	($1.3B)
Net Income	$5.1B	$4.6B	$2.9B	$2.5B
Less: Net Income Attributable to Noncontrolling Interests	$103.0M	$90.0M	($33.0M)	$95.0M
Net Income	$5.0B	$4.5B	$2.8B	$2.5B
Less: Preferred Dividends	$56.0M	$106.0M	$106.0M	$106.0M
Less: Preferred Redemption Costs	$0	$16.0M	—	—
Basic (usd per share)	$0.00	$0.01	-$1.81	-$1.57
Diluted (usd per share)	$0.00	$0.01	-$1.81	-$1.57
Basic (usd per share)	$6.31	$5.70	$5.35	$4.74
Diluted (usd per share)	$6.31	$5.70	$5.35	$4.74
Basic (in shares)	777.0M	772.0M	771.0M	770.0M
Diluted (in shares)	777.0M	772.0M	771.0M	770.0M

Duke Energy Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Regulated electric	$7.1B	$7.8B	$8.1B	$7.0B
Regulated natural gas	$418.0M	$1.3B	$361.0M	$462.0M
Nonregulated electric and other	$71.0M	$78.0M	$75.0M	$78.0M
Total operating revenues	$7.6B	$9.2B	$8.5B	$7.5B
Cost of sales	$3.0B	$4.3B	$3.5B	$3.0B
Operation, maintenance and other	$1.4B	$1.8B	$1.8B	$1.7B
Depreciation and amortization	$1.7B	$1.7B	$1.6B	$1.6B
Property and other taxes	$374.0M	$452.0M	$438.0M	$415.0M
Impairment of assets and other charges	$49.0M	—	$0	$3.0M
Total operating expenses	$5.6B	$6.8B	$6.2B	$5.7B
Gains (Losses) on Sales of Other Assets and Other, net	$10.0M	$384.0M	$17.0M	$14.0M
Operating Income	$2.0B	$2.7B	$2.3B	$1.8B
Equity in earnings (losses) of unconsolidated affiliates	$10.0M	$7.0M	$16.0M	$11.0M
Other income and expenses, net	$203.0M	$133.0M	$182.0M	$183.0M
Total other income and expenses	$213.0M	$140.0M	$198.0M	$194.0M
Interest Expense	$957.0M	$968.0M	$902.0M	$897.0M
Income From Continuing Operations Before Income Taxes	$1.3B	$1.9B	$1.6B	$1.1B
Income Tax Expense From Continuing Operations	$160.0M	$333.0M	$176.0M	$119.0M
Income From Continuing Operations	$1.1B	$1.6B	$1.5B	$1.0B
Income (Loss) From Discontinued Operations, net of tax	$0	$13.0M	$0	($1.0M)
Net Income	$1.1B	$1.6B	$1.5B	$1.0B
Less: Net Income Attributable to NCI	$53.0M	$27.0M	$33.0M	$23.0M
Net Income	$1.1B	$1.6B	$1.4B	$984.0M
Less: Preferred Dividends	$15.0M	$14.0M	$14.0M	$13.0M
Net Income Available to Duke Energy Corporation Common Stockholders	$1.1B	$1.5B	$1.4B	$971.0M
Basic (in usd per share)	$0.00	$0.02	$0.00	$0.00
Diluted (in usd per share)	$0.00	$0.02	$0.00	$0.00
Basic (in usd per share)	$1.38	$1.95	$1.81	$1.25
Diluted (in usd per share)	$1.38	$1.95	$1.81	$1.25
Basic (in shares)	779.0M	778.0M	778.0M	777.0M
Diluted (in shares)	779.0M	779.0M	778.0M	777.0M

Balance sheet

Duke Energy Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and cash equivalents	$245.0M	$314.0M	$253.0M	$409.0M
Receivables (net of allowance for doubtful accounts)	$16.0M	$1.9B	$3.0B	$3.1B
Receivables of VIEs (net of allowance for doubtful accounts)	$4.2B	$2.2B	$1.1B	$1.3B
Receivable from sales of Commercial Renewables Disposal Groups	$0	$551.0M	—	—
Inventory (includes $669 at 2025 and $494 at 2024 related to VIEs)	$4.6B	$4.5B	$4.3B	$3.6B
Regulatory assets	$1.9B	$2.8B	$3.6B	$3.5B
Assets held for sale	$109.0M	$4.0M	$14.0M	$262.0M
Other (includes amounts related to VIEs)	$526.0M	$695.0M	$431.0M	$1.1B
Total current assets	$11.6B	$12.9B	$12.8B	$13.2B
Cost	$190.4B	$180.8B	$171.4B	$163.8B
Accumulated depreciation and amortization	($60.5B)	($57.5B)	($56.0B)	($52.1B)
Net property, plant and equipment	$130.0B	$123.3B	$115.3B	$111.7B
Goodwill	$19.0B	$19.3B	$19.3B	$19.3B
Other Noncurrent Assets: Regulatory assets	$14.4B	$14.3B	$13.6B	$14.6B
Nuclear decommissioning trust funds	$12.9B	$11.4B	$10.1B	$8.6B
Operating lease right-of-use assets, net	$1.2B	$1.1B	$1.1B	$1.0B
Investments in equity method unconsolidated affiliates	$330.0M	$353.0M	$492.0M	$455.0M
Total noncurrent assets held for sale	$2.1B	$89.0M	$197.0M	$5.6B
Other (including amounts related to VIEs)	$4.2B	$3.5B	$4.0B	$3.4B
Total other noncurrent assets	$54.2B	$50.1B	$48.8B	$53.1B
Total Assets	$195.7B	$186.3B	$176.9B	$178.1B
Accounts payable	$5.2B	$5.5B	$4.2B	$4.8B
Notes payable and commercial paper	$2.6B	$3.6B	$4.3B	$4.0B
Taxes accrued	$975.0M	$851.0M	$816.0M	$722.0M
Interest accrued	$922.0M	$855.0M	$745.0M	$626.0M
Current maturities of long-term debt	$7.1B	$4.3B	$2.8B	$4.2B
Asset retirement obligations	$579.0M	$650.0M	$596.0M	$773.0M
Regulatory liabilities	$1.3B	$1.4B	$1.4B	$1.5B
Liabilities associated with assets held for sale	$84.0M	$80.0M	$122.0M	$259.0M
Other	$2.3B	$2.1B	$2.3B	$2.2B
Total current liabilities	$21.0B	$19.4B	$17.3B	$18.9B
Long-Term Debt (includes amounts related to VIEs)	$80.1B	$76.3B	$72.5B	$67.1B
Deferred income taxes	$12.4B	$11.4B	$10.6B	$10.0B
Total noncurrent asset retirement obligation	$9.0B	$9.3B	$8.6B	$12.0B
Total noncurrent regulatory liabilities	$15.7B	$14.7B	$14.0B	$13.6B
Operating lease liabilities	$1.0B	$957.0M	$917.0M	$876.0M
Accrued pension and other post-retirement benefit costs	$396.0M	$434.0M	$485.0M	$832.0M
Investment tax credits	$969.0M	$894.0M	$864.0M	$849.0M
Liabilities associated with assets held for sale	$170.0M	$89.0M	$157.0M	$739.0M
Other	$1.9B	$1.6B	$1.4B	$1.5B
Total other noncurrent liabilities	$41.6B	$39.4B	$37.0B	$40.3B
Preferred stock	$973.0M	$973.0M	$2.0B	$2.0B
Common stock	$1.0M	$1.0M	$1.0M	$1.0M
Additional paid-in capital	$45.6B	$45.5B	$44.9B	$44.9B
Retained earnings	$5.1B	$3.4B	$2.2B	$2.6B

Duke Energy Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and cash equivalents	$673.0M	$2.1B	$688.0M	$344.0M
Receivables (net of allowance for doubtful accounts)	$4.5B	$3.9B	$4.0B	$4.1B
Inventory	$4.7B	$4.6B	$4.5B	$4.4B
Regulatory assets	$2.6B	$2.2B	$2.0B	$2.3B
Other (includes amounts related to VIEs)	$684.0M	$586.0M	$984.0M	$1.0B
Total current assets	$13.1B	$13.4B	$12.2B	$12.1B
Cost (includes $3,610 at 2026 and $2,913 at 2025 related to VIEs)	$197.6B	$193.5B	$185.9B	$186.3B
Accumulated depreciation and amortization (includes ($138) at 2026 and ($89) at 2025 related to VIEs)	($62.3B)	($61.3B)	($59.2B)	($59.6B)
Net property, plant and equipment	$135.2B	$132.3B	$126.7B	$126.6B
Goodwill	$19.0B	$19.0B	$19.0B	$19.3B
Regulatory assets	$14.4B	$15.1B	$14.1B	$14.2B
Nuclear decommissioning trust funds	$13.6B	$12.6B	$12.8B	$12.1B
Operating lease right-of-use assets, net	$1.2B	$1.2B	$1.2B	$1.2B
Investments in equity method unconsolidated affiliates	$332.0M	$328.0M	$323.0M	$332.0M
Assets held for sale	$0	$0	$47.0M	$0
Other	$4.2B	$4.1B	$3.9B	$3.8B
Total other noncurrent assets	$52.7B	$52.3B	$53.4B	$50.9B
Total Assets	$201.1B	$198.0B	$192.3B	$189.7B
Accounts payable	$4.9B	$4.7B	$4.2B	$4.4B
Notes payable and commercial paper	$2.3B	$2.4B	$2.9B	$3.5B
Taxes accrued	$1.0B	$839.0M	$1.1B	$837.0M
Interest accrued	$899.0M	$816.0M	$814.0M	$881.0M
Current maturities of long-term debt	$6.7B	$7.4B	$6.5B	$5.0B
Asset retirement obligations	$570.0M	$574.0M	$592.0M	$636.0M
Regulatory liabilities	$1.4B	$1.6B	$1.2B	$1.3B
Other	$2.0B	$2.1B	$2.0B	$1.9B
Total current liabilities	$19.9B	$20.3B	$19.4B	$18.4B
Long-Term Debt (includes amounts related to VIEs)	$82.2B	$80.5B	$79.3B	$78.9B
Deferred income taxes	$13.3B	$12.8B	$12.3B	$12.0B
Asset retirement obligations	$9.2B	$9.0B	$9.1B	$9.3B
Regulatory liabilities	$15.4B	$14.8B	$15.4B	$15.0B
Operating lease liabilities	$968.0M	$964.0M	$1.0B	$1.0B
Accrued pension and other post-retirement benefit costs	$348.0M	$384.0M	$404.0M	$410.0M
Investment tax credits	$976.0M	$985.0M	$890.0M	$882.0M
Liabilities associated with assets held for sale	$0	$0	$57.0M	$18.0M
Other	$1.9B	$1.8B	$1.8B	$1.7B
Total other noncurrent liabilities	$42.1B	$40.8B	$41.0B	$40.4B
Preferred stock	$973.0M	$973.0M	$973.0M	$973.0M
Common stock	$1.0M	$1.0M	$1.0M	$1.0M
Additional paid-in capital	$47.6B	$47.6B	$45.6B	$45.6B
Retained earnings	$6.0B	$5.8B	$4.7B	$4.1B
Accumulated other comprehensive income (loss)	$209.0M	$171.0M	$178.0M	$203.0M
Total stockholders' equity	$54.8B	$54.5B	$51.5B	$50.9B
Noncontrolling Interests	$2.1B	$2.0B	$1.2B	$1.1B
Total equity	$56.9B	$56.5B	$52.6B	$52.0B

Cash flow statement

Duke Energy Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net income (loss)	$5.1B	$4.6B	$2.9B	$2.5B
Depreciation, amortization and accretion (including amortization of nuclear fuel)	$7.7B	$6.4B	$6.1B	$5.8B
Equity in (earnings) losses of unconsolidated affiliates	($51.0M)	$9.0M	($98.0M)	($114.0M)
Losses on sales of Commercial Renewables Disposal Groups	$4.0M	$14.0M	$1.7B	—
Equity component of AFUDC	($328.0M)	($233.0M)	($198.0M)	($197.0M)
Impairment of assets and other charges	($4.0M)	$38.0M	$85.0M	($6.0M)
Deferred income taxes	$1.2B	$987.0M	$3.0M	($200.0M)
Contributions to qualified pension plans	($100.0M)	($100.0M)	($100.0M)	($58.0M)
Payments for asset retirement obligations	($509.0M)	($545.0M)	($632.0M)	($584.0M)
Net realized and unrealized mark-to-market and hedging transactions	$0	($103.0M)	($18.0M)	$19.0M
Receivables	($187.0M)	($23.0M)	$443.0M	($788.0M)
Inventory	($63.0M)	($212.0M)	($706.0M)	($476.0M)
Other current assets	$6.0M	$885.0M	($267.0M)	($1.5B)
Accounts payable	($821.0M)	$1.3B	($800.0M)	$805.0M
Taxes accrued	$127.0M	$32.0M	$126.0M	$10.0M
Other current liabilities	$52.0M	($11.0M)	($26.0M)	($153.0M)
Other assets	($265.0M)	($1.2B)	$914.0M	($1.6B)
Other liabilities	$535.0M	$451.0M	$584.0M	$410.0M
Net cash provided by operating activities	$12.3B	$12.3B	$9.9B	$5.9B
Capital expenditures	($14.0B)	($12.3B)	($12.6B)	($11.4B)
Contributions to equity method investments	$0	($8.0M)	($34.0M)	($58.0M)
Return of investment capital	$22.0M	$25.0M	$16.0M	$6.0M
Purchases of debt and equity securities	($8.9B)	($5.7B)	($3.8B)	($4.2B)
Proceeds from sales and maturities of debt and equity securities	$9.0B	$5.8B	$3.8B	$4.3B
Proceeds from the sales of other assets	$67.0M	$49.0M	$149.0M	—
Proceeds from the sales of Commercial Renewables Disposal Groups, net of cash divested	$559.0M	$0	$734.0M	—
Other	($1.1B)	($1.0B)	($799.0M)	($644.0M)
Net cash used in investing activities	($14.3B)	($13.1B)	($12.5B)	($12.0B)
Proceeds from the issuance of long-term debt	$11.9B	$9.0B	$10.0B	$11.9B
Proceeds from the issuance of common stock	$16.0M	$405.0M	$8.0M	$9.0M
Redemption of preferred stock	$0	($1.0B)	—	—
Payments for the redemption of long-term debt	($5.7B)	($3.4B)	($4.7B)	($4.4B)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days	$124.0M	$557.0M	$610.0M	$80.0M
Payments for the redemption of short-term debt with original maturities greater than 90 days	($5.0M)	($1.1B)	($125.0M)	($287.0M)
Notes payable and commercial paper	($1.2B)	($388.0M)	($343.0M)	$781.0M
Dividends paid	($3.3B)	($3.2B)	($3.2B)	($3.2B)
Other	$114.0M	($52.0M)	($124.0M)	($130.0M)
Net cash provided by financing activities	$1.9B	$859.0M	$2.4B	$6.1B
Net (decrease) increase in cash, cash equivalents and restricted cash	($58.0M)	$64.0M	($246.0M)	$83.0M
Cash, cash equivalents and restricted cash at beginning of period	$421.0M	$357.0M	$603.0M	$520.0M
Cash, cash equivalents and restricted cash at end of period	$363.0M	$421.0M	$357.0M	$603.0M
Cash paid for interest, net of amount capitalized	$3.6B	$3.3B	$2.9B	$2.4B
Cash (received from) paid for income taxes, net (includes transferable tax credit sale proceeds)	($625.0M)	($400.0M)	$1.0M	($6.0M)
Accrued capital expenditures	$2.7B	$1.9B	$1.9B	$1.8B

Duke Energy Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net income	$2.7B	$1.6B	$3.9B	$2.4B
Depreciation, amortization and accretion (including amortization of nuclear fuel)	$3.7B	$1.9B	$5.7B	$3.7B
Equity component of AFUDC	($182.0M)	($88.0M)	($236.0M)	($147.0M)
Gain on sale of Piedmont's Tennessee business	($368.0M)	($368.0M)	—	—
(Gains) losses on sales of other assets	($26.0M)	($16.0M)	($37.0M)	($20.0M)
Impairment of assets and other charges	$49.0M	—	$3.0M	$3.0M
Deferred income taxes	$949.0M	$412.0M	$940.0M	$611.0M
Equity in (earnings) losses of unconsolidated affiliates	($17.0M)	($7.0M)	($38.0M)	($22.0M)
Payments for asset retirement obligations	($249.0M)	($119.0M)	($374.0M)	($241.0M)
Net realized and unrealized mark-to-market and hedging transactions	$0	$0	$0	$266.0M
Receivables	($208.0M)	$336.0M	$83.0M	$53.0M
Inventory	($92.0M)	$1.0M	$15.0M	$85.0M
Other current assets	($233.0M)	($328.0M)	($456.0M)	($243.0M)
Accounts payable	($383.0M)	($302.0M)	($1.3B)	($987.0M)
Taxes accrued	$53.0M	($139.0M)	$295.0M	($7.0M)
Other current liabilities	($457.0M)	($460.0M)	($224.0M)	($374.0M)
Other assets	($1.0B)	($936.0M)	($44.0M)	($82.0M)
Other liabilities	$58.0M	$65.0M	$440.0M	$71.0M
Net cash provided by operating activities	$4.3B	$1.5B	$8.7B	$5.0B
Capital expenditures	($8.2B)	($4.1B)	($9.9B)	($6.4B)
Purchases of debt and equity securities	($10.2B)	($5.0B)	($7.1B)	($3.4B)
Proceeds from sales and maturities of debt and equity securities	$10.2B	$5.0B	$7.2B	$3.5B
Proceeds from the sale of Piedmont's Tennessee business	$2.5B	—	—	—
Proceeds from the sale of Commercial Renewables Disposal Groups, net of cash divested	$0	$2.5B	$559.0M	$559.0M
Other	($489.0M)	($271.0M)	($758.0M)	($484.0M)
Net cash used in investing activities	($6.2B)	($1.8B)	($10.0B)	($6.3B)
Proceeds from the issuance of long-term debt	$6.5B	$3.3B	$9.4B	$4.8B
Issuance of common stock	$0	—	$16.0M	$14.0M
Payments for the redemption of long-term debt	($4.8B)	($2.6B)	($4.6B)	($1.8B)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days	$262.0M	$262.0M	$0	$0
Payments for the redemption of short-term debt with original maturities greater than 90 days	($390.0M)	($125.0M)	($5.0M)	($5.0M)
Notes payable and commercial paper	($237.0M)	($428.0M)	($819.0M)	($185.0M)
Contributions from NCI	$2.8B	$2.8B	$0	$0
Dividends paid	($1.7B)	($846.0M)	($2.5B)	($1.6B)
Other	$22.0M	($109.0M)	$79.0M	($2.0M)
Net cash provided by financing activities	$2.4B	$2.2B	$1.6B	$1.2B
Net increase (decrease) in cash, cash equivalents and restricted cash	$487.0M	$1.9B	$318.0M	$21.0M
Cash, cash equivalents and restricted cash at beginning of period	$363.0M	$363.0M	$421.0M	$421.0M
Cash, cash equivalents and restricted cash at end of period	$850.0M	$2.3B	$739.0M	$442.0M
Accrued capital expenditures	$2.6B	$2.3B	$2.1B	$1.9B

Duke Energy Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.