Business Segments (Tables)
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6 Months Ended |
Jun. 30, 2025 |
Segment Reporting Information [Line Items] |
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Business Segment Information |
Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Electric | | Gas | | | | Total | | | | | | | | Utilities and | | Utilities and | | | | Reportable | | | | | | | (in millions) | Infrastructure | | Infrastructure | | | | Segments | | Other | | Eliminations | | Total | Unaffiliated revenues | $ | 7,030 | | | $ | 471 | | | | | $ | 7,501 | | | $ | 7 | | | $ | — | | | $ | 7,508 | | Intersegment revenues | 15 | | | 22 | | | | | 37 | | | 33 | | | (70) | | | — | | Total operating revenues | $ | 7,045 | | | $ | 493 | | | | | $ | 7,538 | | | $ | 40 | | | $ | (70) | | | $ | 7,508 | | Less: | | | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 1,898 | | | $ | — | | | | | $ | 1,898 | | | $ | — | | | $ | (20) | | | $ | 1,878 | | Cost of natural gas | — | | | 158 | | | | | 158 | | | — | | | — | | | 158 | | Operation, maintenance and other | 1,594 | | | 129 | | | | | 1,723 | | | (23) | | | (45) | | | 1,655 | | Depreciation and amortization | 1,402 | | | 112 | | | | | 1,514 | | | 77 | | | (8) | | | 1,583 | | Property and other taxes | 371 | | | 41 | | | | | 412 | | | 3 | | | — | | | 415 | | Impairment of assets and other charges | (1) | | | — | | | | | (1) | | | 5 | | | (1) | | | 3 | | Interest expense | 535 | | | 65 | | | | | 600 | | | 318 | | | (21) | | | 897 | | Income tax expense (benefit) | 200 | | | (4) | | | | | 196 | | | (77) | | | — | | | 119 | | Other Segment Items | | | | | | | | | | | | | | Noncontrolling interests(a) | 23 | | | — | | | | | 23 | | | — | | | — | | | 23 | | Preferred dividends | — | | | — | | | | | — | | | 13 | | | — | | | 13 | | | | | | | | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | — | | | 1 | | | | | 1 | | | 9 | | | 1 | | | 11 | | Add: Other(b) | 171 | | | 13 | | | | | 184 | | | 39 | | | (26) | | | 197 | | Segment income (loss) | $ | 1,194 | | | $ | 6 | | | | | $ | 1,200 | | | $ | (228) | | | $ | — | | | $ | 972 | | Discontinued Operations | | | | | | | | | | | | | (1) | | Net income available to Duke Energy Corporation Common Stockholders | | | | | | | | | | | | | $ | 971 | | Add back: Net income attributable to noncontrolling interest | | | | | | | | | | | | | 23 | | Add back: Preferred dividends | | | | | | | | | | | | | 13 | | | | | | | | | | | | | | | | Net Income | | | | | | | | | | | | | $ | 1,007 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Electric | | Gas | | | | Total | | | | | | | | Utilities and | | Utilities and | | | | Reportable | | | | | | | (in millions) | Infrastructure | | Infrastructure | | | | Segments | | Other | | Eliminations | | Total | Unaffiliated revenues | $ | 6,802 | | | $ | 359 | | | | | $ | 7,161 | | | $ | 11 | | | $ | — | | | $ | 7,172 | | Intersegment revenues | 18 | | | 22 | | | | | 40 | | | 29 | | | (69) | | | — | | Total operating revenues | $ | 6,820 | | | $ | 381 | | | | | $ | 7,201 | | | $ | 40 | | | $ | (69) | | | $ | 7,172 | | Less: | | | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 2,247 | | | $ | — | | | | | $ | 2,247 | | | $ | — | | | $ | (19) | | | $ | 2,228 | | Cost of natural gas | — | | | 78 | | | | | 78 | | | — | | | — | | | 78 | | Operation, maintenance and other | 1,262 | | | 117 | | | | | 1,379 | | | (8) | | | (51) | | | 1,320 | | Depreciation and amortization | 1,246 | | | 96 | | | | | 1,342 | | | 73 | | | (6) | | | 1,409 | | Property and other taxes | 351 | | | 38 | | | | | 389 | | | 4 | | | — | | | 393 | | Impairment of assets and other charges | 42 | | | — | | | | | 42 | | | 1 | | | — | | | 43 | | Interest expense | 488 | | | 61 | | | | | 549 | | | 306 | | | (31) | | | 824 | | Income tax expense (benefit) | 214 | | | 2 | | | | | 216 | | | (77) | | | 1 | | | 140 | | Other Segment Items | | | | | | | | | | | | | | Noncontrolling interests(a) | 22 | | | — | | | | | 22 | | | — | | | (1) | | | 21 | | Preferred dividends | — | | | — | | | | | — | | | 14 | | | — | | | 14 | | | | | | | | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | 1 | | | — | | | | | 1 | | | 19 | | | 1 | | | 21 | | Add: Other(b) | 141 | | | 17 | | | | | 158 | | | 54 | | | (39) | | | 173 | | Segment income (loss)(c) | $ | 1,090 | | | $ | 6 | | | | | $ | 1,096 | | | $ | (200) | | | $ | — | | | $ | 896 | | Discontinued Operations | | | | | | | | | | | | | (10) | | Net income available to Duke Energy Corporation Common Stockholders | | | | | | | | | | | | | $ | 886 | | Add back: Net Income available to noncontrolling interest | | | | | | | | | | | | | 21 | | Add back: Preferred dividends | | | | | | | | | | | | | 14 | | | | | | | | | | | | | | | | Net Income | | | | | | | | | | | | | $ | 921 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
(a)Net income attributable to NCI related to continuing operations. (b) Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net. (c) EU&I includes $42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction recorded within Interest Expense on Duke Energy Carolinas' and Duke Energy Progress' Condensed Consolidated Statement of Operations, related to the 2024 South Carolina rate case order. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Electric | | Gas | | | | Total | | | | | | | | Utilities and | | Utilities and | | | | Reportable | | | | | | | (in millions) | Infrastructure | | Infrastructure | | | | Segments | | Other | | Eliminations | | Total | Unaffiliated revenues | $ | 14,155 | | | $ | 1,587 | | | | | $ | 15,742 | | | $ | 15 | | | $ | — | | | $ | 15,757 | | Intersegment revenues | 30 | | | 46 | | | | | 76 | | | 67 | | | (143) | | | — | | Total operating revenues | $ | 14,185 | | | $ | 1,633 | | | | | $ | 15,818 | | | $ | 82 | | | $ | (143) | | | $ | 15,757 | | Less: | | | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 4,017 | | | $ | — | | | | | $ | 4,017 | | | $ | — | | | $ | (40) | | | $ | 3,977 | | Cost of natural gas | — | | | 532 | | | | | 532 | | | — | | | — | | | 532 | | Operation, maintenance and other | 3,018 | | | 254 | | | | | 3,272 | | | (21) | | | (97) | | | 3,154 | | Depreciation and amortization | 2,736 | | | 219 | | | | | 2,955 | | | 154 | | | (14) | | | 3,095 | | Property and other taxes | 749 | | | 88 | | | | | 837 | | | 6 | | | — | | | 843 | | Impairment of assets and other charges | (1) | | | — | | | | | (1) | | | 5 | | | (1) | | | 3 | | Interest expense | 1,065 | | | 130 | | | | | 1,195 | | | 636 | | | (45) | | | 1,786 | | Income tax expense (benefit) | 389 | | | 87 | | | | | 476 | | | (164) | | | — | | | 312 | | Other Segment Items | | | | | | | | | | | | | | Noncontrolling interests(a) | 48 | | | — | | | | | 48 | | | — | | | — | | | 48 | | Preferred dividends | — | | | — | | | | | — | | | 27 | | | — | | | 27 | | | | | | | | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | — | | | 6 | | | | | 6 | | | 15 | | | 1 | | | 22 | | Add: Other(b) | 306 | | | 26 | | | | | 332 | | | 58 | | | (55) | | | 335 | | Segment income (loss) | $ | 2,470 | | | $ | 355 | | | | | $ | 2,825 | | | $ | (488) | | | $ | — | | | $ | 2,337 | | Discontinued Operations | | | | | | | | | | | | | (1) | | Net income available to Duke Energy Corporation Common Stockholders | | | | | | | | | | | | | $ | 2,336 | | Add back: Net income attributable to noncontrolling interest | | | | | | | | | | | | | 48 | | Add back: Preferred dividends | | | | | | | | | | | | | 27 | | | | | | | | | | | | | | | | Net Income | | | | | | | | | | | | | $ | 2,411 | | Capital investments expenditures and acquisitions | $ | 5,724 | | | $ | 548 | | | | | $ | 6,272 | | | $ | 156 | | | $ | — | | | $ | 6,428 | | Segment assets | 167,420 | | | 18,305 | | | | | 185,725 | | | 3,988 | | | — | | | 189,713 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Electric | | Gas | | | | Total | | | | | | | | Utilities and | | Utilities and | | | | Reportable | | | | | | | (in millions) | Infrastructure | | Infrastructure | | | | Segments | | Other | | Eliminations | | Total | Unaffiliated revenues | $ | 13,587 | | | $ | 1,238 | | | | | $ | 14,825 | | | $ | 18 | | | $ | — | | | $ | 14,843 | | Intersegment revenues | 36 | | | 45 | | | | | 81 | | | 60 | | | (141) | | | — | | Total operating revenues | $ | 13,623 | | | $ | 1,283 | | | | | $ | 14,906 | | | $ | 78 | | | $ | (141) | | | $ | 14,843 | | Less: | | | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 4,602 | | | $ | — | | | | | $ | 4,602 | | | $ | — | | | $ | (39) | | | $ | 4,563 | | Cost of natural gas | — | | | 310 | | | | | 310 | | | — | | | — | | | 310 | | Operation, maintenance and other | 2,578 | | | 246 | | | | | 2,824 | | | (26) | | | (99) | | | 2,699 | | Depreciation and amortization | 2,471 | | | 194 | | | | | 2,665 | | | 144 | | | (13) | | | 2,796 | | Property and other taxes | 688 | | | 84 | | | | | 772 | | | 7 | | | — | | | 779 | | Impairment of assets and other charges | 43 | | | — | | | | | 43 | | | 1 | | | — | | | 44 | | Interest expense | 987 | | | 122 | | | | | 1,109 | | | 600 | | | (68) | | | 1,641 | | Income tax expense (benefit) | 387 | | | 71 | | | | | 458 | | | (141) | | | 1 | | | 318 | | Other Segment Items | | | | | | | | | | | | | | Noncontrolling interests(a) | 35 | | | — | | | | | 35 | | | — | | | (1) | | | 34 | | Preferred dividends | — | | | — | | | | | — | | | 53 | | | — | | | 53 | | | | | | | | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | 2 | | | — | | | | | 2 | | | 36 | | | — | | | 38 | | Add: Other(b) | 277 | | | 34 | | | | | 311 | | | 121 | | | (78) | | | 354 | | Segment income (loss)(c) | $ | 2,111 | | | $ | 290 | | | | | $ | 2,401 | | | $ | (403) | | | $ | — | | | $ | 1,998 | | Discontinued Operations | | | | | | | | | | | | | (13) | | Net income available to Duke Energy Corporation Common Stockholders | | | | | | | | | | | | | $ | 1,985 | | Add back: Net Income available to noncontrolling interest | | | | | | | | | | | | | 34 | | Add back: Preferred dividends | | | | | | | | | | | | | 53 | | | | | | | | | | | | | | | | Net Income | | | | | | | | | | | | | $ | 2,072 | | Capital investments expenditures and acquisitions | $ | 5,349 | | | $ | 723 | | | | | $ | 6,072 | | | $ | 140 | | | $ | — | | | $ | 6,212 | | Segment assets | 159,770 | | | 17,600 | | | | | 177,370 | | | 4,205 | | | — | | | 181,575 | |
(a)Net income attributable to NCI related to continuing operations. (b) Other for EU&I and GU&I includes Gains on sales of other assets and other, net, and Other income and expenses, net. (c) EU&I includes $42 million recorded within Impairment of assets and other charges, $2 million within Operations, maintenance and other, and an $11 million reduction recorded within Interest Expense on Duke Energy Carolinas' and Duke Energy Progress' Condensed Consolidated Statement of Operations, related to the 2024 South Carolina rate case order.
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Duke Energy Carolinas |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Duke Energy Carolinas has one reportable segment, EU&I. The remainder of Duke Energy Carolinas' operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 2,231 | | $ | — | | $ | 2,231 | | | $ | 4,755 | | $ | — | | $ | 4,755 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 571 | | $ | — | | $ | 571 | | | $ | 1,374 | | $ | — | | $ | 1,374 | | Operation, maintenance and other | | 488 | | 12 | | 500 | | | 962 | | 22 | | 984 | | Depreciation and amortization | | 482 | | — | | 482 | | | 914 | | — | | 914 | | Property and other taxes | | 85 | | — | | 85 | | | 187 | | — | | 187 | | Impairment of assets and other charges | | (1) | | — | | (1) | | | (1) | | — | | (1) | | Interest expense | | 200 | | — | | 200 | | | 400 | | — | | 400 | | Income tax expense (benefit) | | 39 | | (3) | | 36 | | | 92 | | (5) | | 87 | | Add: Other segment items(a) | | 68 | | (1) | | 67 | | | 129 | | (1) | | 128 | | Segment income (loss) / Net income | | $ | 435 | | $ | (10) | | $ | 425 | | | $ | 956 | | $ | (18) | | $ | 938 | | Capital expenditures | | | | | | $ | 2,145 | | $ | — | | $ | 2,145 | | Segment assets | | | | | | 56,335 | | 264 | | 56,599 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 2,297 | | $ | — | | $ | 2,297 | | | $ | 4,704 | | $ | — | | $ | 4,704 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 749 | | $ | — | | $ | 749 | | | $ | 1,609 | | $ | — | | $ | 1,609 | | Operation, maintenance and other | | 434 | | 10 | | 444 | | | 874 | | 21 | | 895 | | Depreciation and amortization | | 437 | | — | | 437 | | | 834 | | — | | 834 | | Property and other taxes | | 89 | | — | | 89 | | | 183 | | — | | 183 | | Impairment of assets and other charges | | 33 | | — | | 33 | | | 34 | | — | | 34 | | Interest expense | | 168 | | — | | 168 | | | 348 | | — | | 348 | | Income tax expense (benefit) | | 51 | | (3) | | 48 | | | 109 | | (5) | | 104 | | Add: Other segment items(a) | | 63 | | (1) | | 62 | | | 125 | | (1) | | 124 | | Segment income (loss) / Net income | | $ | 399 | | $ | (8) | | $ | 391 | | | $ | 838 | | $ | (17) | | $ | 821 | | Capital expenditures | | | | | | $ | 1,949 | | $ | — | | $ | 1,949 | | Segment assets | | | | | | 53,160 | | 214 | | 53,374 | |
(a) Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Progress Energy |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Progress Energy has one reportable segment, EU&I. The remainder of Progress Energy's operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 3,566 | | $ | 3 | | $ | 3,569 | | | $ | 7,028 | | $ | 8 | | $ | 7,036 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 1,025 | | $ | — | | $ | 1,025 | | | $ | 2,131 | | $ | — | | $ | 2,131 | | Operation, maintenance and other | | 828 | | 15 | | 843 | | | 1,501 | | 30 | | 1,531 | | Depreciation and amortization | | 609 | | — | | 609 | | | 1,240 | | — | | 1,240 | | Property and other taxes | | 175 | | — | | 175 | | | 347 | | — | | 347 | | | | | | | | | | | Interest expense | | 255 | | 28 | | 283 | | | 501 | | 57 | | 558 | | Income tax expense (benefit) | | 121 | | (13) | | 108 | | | 239 | | (21) | | 218 | | Add: Other segment items(a) | | 76 | | 5 | | 81 | | | 137 | | 5 | | 142 | | Segment income (loss) / Net income | | $ | 629 | | $ | (22) | | $ | 607 | | | $ | 1,206 | | $ | (53) | | $ | 1,153 | | Capital expenditures | | | | | | $ | 2,742 | | $ | — | | $ | 2,742 | | Segment assets | | | | | | 69,489 | | 4,822 | | 74,311 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 3,352 | | $ | 5 | | $ | 3,357 | | | $ | 6,576 | | $ | 9 | | $ | 6,585 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 1,202 | | $ | — | | $ | 1,202 | | | $ | 2,345 | | $ | — | | $ | 2,345 | | Operation, maintenance and other | | 571 | | 17 | | 588 | | | 1,187 | | 29 | | 1,216 | | Depreciation and amortization | | 568 | | — | | 568 | | | 1,155 | | — | | 1,155 | | Property and other taxes | | 167 | | (1) | | 166 | | | 324 | | — | | 324 | | Impairment of assets and other charges | | 9 | | — | | 9 | | | 9 | | — | | 9 | | Interest expense | | 237 | | 28 | | 265 | | | 468 | | 57 | | 525 | | Income tax expense (benefit) | | 114 | | (10) | | 104 | | | 209 | | (19) | | 190 | | Add: Other segment items(a) | | 56 | | 10 | | 66 | | | 117 | | 18 | | 135 | | Segment income (loss) / Net income | | $ | 540 | | $ | (19) | | $ | 521 | | | $ | 996 | | $ | (40) | | $ | 956 | | Capital expenditures | | | | | | $ | 2,623 | | $ | — | | $ | 2,623 | | Segment assets | | | | | | 65,620 | | 3,844 | | 69,464 | |
(a) Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Duke Energy Progress |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Duke Energy Progress has one reportable segment, EU&I. The remainder of Duke Energy Progress' operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 1,681 | | $ | — | | $ | 1,681 | | | $ | 3,699 | | $ | — | | $ | 3,699 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 574 | | $ | — | | $ | 574 | | | $ | 1,299 | | $ | — | | $ | 1,299 | | Operation, maintenance and other | | 333 | | 7 | | 340 | | | 724 | | 14 | | 738 | | Depreciation and amortization | | 319 | | — | | 319 | | | 676 | | — | | 676 | | Property and other taxes | | 45 | | — | | 45 | | | 105 | | — | | 105 | | | | | | | | | | | Interest expense | | 139 | | — | | 139 | | | 267 | | — | | 267 | | Income tax expense (benefit) | | 40 | | (1) | | 39 | | | 98 | | (3) | | 95 | | Add: Other segment items(a) | | 50 | | — | | 50 | | | 89 | | (2) | | 87 | | Segment income (loss) / Net income | | $ | 281 | | $ | (6) | | $ | 275 | | | $ | 619 | | $ | (13) | | $ | 606 | | Capital expenditures | | | | | | $ | 1,524 | | $ | — | | $ | 1,524 | | Segment assets | | | | | | 40,486 | | 1,072 | | 41,558 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 1,636 | | $ | — | | $ | 1,636 | | | $ | 3,424 | | $ | — | | $ | 3,424 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 597 | | $ | — | | $ | 597 | | | $ | 1,217 | | $ | — | | $ | 1,217 | | Operation, maintenance and other | | 320 | | 6 | | 326 | | | 689 | | 12 | | 701 | | Depreciation and amortization | | 306 | | — | | 306 | | | 645 | | — | | 645 | | Property and other taxes | | 50 | | — | | 50 | | | 101 | | — | | 101 | | Impairment of assets and other charges | | 9 | | — | | 9 | | | 9 | | — | | 9 | | Interest expense | | 123 | | — | | 123 | | | 243 | | — | | 243 | | Income tax expense (benefit) | | 39 | | — | | 39 | | | 89 | | (2) | | 87 | | Add: Other segment items(a) | | 36 | | 1 | | 37 | | | 72 | | 2 | | 74 | | Segment income (loss) / Net income | | $ | 228 | | $ | (5) | | $ | 223 | | | $ | 503 | | $ | (8) | | $ | 495 | | Capital expenditures | | | | | | $ | 1,373 | | $ | — | | $ | 1,373 | | Segment assets | | | | | | 38,562 | | 99 | | 38,661 | |
(a) Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Duke Energy Florida |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Duke Energy Florida has one reportable segment, EU&I. The remainder of Duke Energy Florida's operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 1,885 | | $ | — | | $ | 1,885 | | | $ | 3,329 | | $ | — | | $ | 3,329 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 451 | | $ | — | | $ | 451 | | | $ | 832 | | $ | — | | $ | 832 | | Operation, maintenance and other | | 495 | | 5 | | 500 | | | 777 | | 9 | | 786 | | Depreciation and amortization | | 290 | | — | | 290 | | | 564 | | — | | 564 | | Property and other taxes | | 130 | | — | | 130 | | | 242 | | — | | 242 | | | | | | | | | | | Interest expense | | 116 | | — | | 116 | | | 234 | | — | | 234 | | Income tax expense (benefit) | | 81 | | — | | 81 | | | 141 | | (2) | | 139 | | Add: Other segment items(a) | | 26 | | 1 | | 27 | | | 48 | | (2) | | 46 | | Segment income (loss) / Net income | | $ | 348 | | $ | (4) | | $ | 344 | | | $ | 587 | | $ | (9) | | $ | 578 | | Capital expenditures | | | | | | $ | 1,218 | | $ | — | | $ | 1,218 | | Segment assets | | | | | | 29,003 | | 89 | | 29,092 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 1,716 | | $ | — | | $ | 1,716 | | | $ | 3,152 | | $ | — | | $ | 3,152 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 605 | | $ | — | | $ | 605 | | | $ | 1,128 | | $ | — | | $ | 1,128 | | Operation, maintenance and other | | 251 | | 5 | | 256 | | | 498 | | 9 | | 507 | | Depreciation and amortization | | 262 | | — | | 262 | | | 510 | | — | | 510 | | Property and other taxes | | 117 | | — | | 117 | | | 223 | | — | | 223 | | | | | | | | | | | Interest expense | | 114 | | — | | 114 | | | 225 | | — | | 225 | | Income tax expense (benefit) | | 75 | | — | | 75 | | | 120 | | (2) | | 118 | | Add: Other segment items(a) | | 20 | | 2 | | 22 | | | 45 | | 2 | | 47 | | Segment income (loss) / Net income | | $ | 312 | | $ | (3) | | $ | 309 | | | $ | 493 | | $ | (5) | | $ | 488 | | Capital expenditures | | | | | | $ | 1,251 | | $ | — | | $ | 1,251 | | Segment assets | | | | | | 27,058 | | 20 | | 27,078 | |
(a) Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Duke Energy Ohio |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Duke Energy Ohio has two reportable segments, EU&I and GU&I. The remainder of Duke Energy Ohio's operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Electric | | Gas | | Total | | | | | | Utilities and | | Utilities and | | Reportable | | Eliminations/ | | | (in millions) | Infrastructure | | Infrastructure | | Segments | | Other | | Total | | | | | | | | | | | | | | | | | | | | | Total operating revenues | $ | 498 | | | $ | 156 | | | $ | 654 | | | $ | — | | | $ | 654 | | Less: | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 161 | | | $ | — | | | $ | 161 | | | $ | — | | | $ | 161 | | Cost of natural gas | — | | | 35 | | | 35 | | | — | | | 35 | | Operation, maintenance and other | 87 | | | 27 | | | 114 | | | 1 | | | 115 | | Depreciation and amortization | 83 | | | 39 | | | 122 | | | (1) | | | 121 | | Property and other taxes | 80 | | | 21 | | | 101 | | | — | | | 101 | | | | | | | | | | | | Interest expense | 32 | | | 18 | | | 50 | | | 1 | | | 51 | | Income tax expense (benefit) | 9 | | | 3 | | | 12 | | | — | | | 12 | | Add: Other segment items(a) | 4 | | | 2 | | | 6 | | | — | | | 6 | | Segment income (loss) / Net income | $ | 50 | | | $ | 15 | | | $ | 65 | | | $ | (1) | | | $ | 64 | | | | | | | | | | | | | | | | | | | | | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Electric | | Gas | | Total | | | | | | | | Utilities and | | Utilities and | | Reportable | | Eliminations/ | | | | | (in millions) | Infrastructure | | Infrastructure | | Segments | | Other | | | | Total | | | | | | | | | | | | | | | | | | | | | | | | | Total operating revenues | $ | 476 | | | $ | 132 | | | $ | 608 | | | $ | — | | | | | $ | 608 | | Less: | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 132 | | | $ | — | | | $ | 132 | | | — | | | | | $ | 132 | | Cost of natural gas | — | | | 21 | | | 21 | | | — | | | | | 21 | | Operation, maintenance and other | 88 | | | 30 | | | 118 | | | 3 | | | | | 121 | | Depreciation and amortization | 65 | | | 31 | | | 96 | | | — | | | | | 96 | | Property and other taxes | 80 | | | 22 | | | 102 | | | — | | | | | 102 | | | | | | | | | | | | | | Interest expense | 32 | | | 17 | | | 49 | | | (2) | | | | | 47 | | Income tax expense (benefit) | 13 | | | 4 | | | 17 | | | (1) | | | | | 16 | | Add: Other segment items(a) | 3 | | | 2 | | | 5 | | | (1) | | | | | 4 | | Segment income (loss) / Net income | $ | 69 | | | $ | 9 | | | $ | 78 | | | $ | (1) | | | | | $ | 77 | | | | | | | | | | | | | | | | | | | | | | | | | |
(a) Other segment items for EU&I and GU&I include Gains on sales of other assets and other, net, and Other income and expenses, net. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2025 | | Electric | | Gas | | Total | | | | | | Utilities and | | Utilities and | | Reportable | | Eliminations/ | | | (in millions) | Infrastructure | | Infrastructure | | Segments | | Other | | Total | | | | | | | | | | | | | | | | | | | | | Total operating revenues | $ | 985 | | | $ | 435 | | | $ | 1,420 | | | $ | — | | | $ | 1,420 | | Less: | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 310 | | | $ | — | | | $ | 310 | | | $ | — | | | $ | 310 | | Cost of natural gas | — | | | 136 | | | 136 | | | — | | | 136 | | Operation, maintenance and other | 179 | | | 56 | | | 235 | | | 4 | | | 239 | | Depreciation and amortization | 159 | | | 75 | | | 234 | | | (1) | | | 233 | | Property and other taxes | 166 | | | 51 | | | 217 | | | — | | | 217 | | | | | | | | | | | | Interest expense | 63 | | | 34 | | | 97 | | | 1 | | | 98 | | Income tax expense (benefit) | 18 | | | 17 | | | 35 | | | (1) | | | 34 | | Add: Other segment items(a) | 8 | | | 4 | | | 12 | | | (1) | | | 11 | | Segment income (loss) / Net income | $ | 98 | | | $ | 70 | | | $ | 168 | | | $ | (4) | | | $ | 164 | | Capital expenditures | $ | 303 | | | $ | 168 | | | $ | 471 | | | $ | — | | | $ | 471 | | Segment assets | 8,378 | | | 4,582 | | | 12,960 | | | 36 | | | 12,996 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Six Months Ended June 30, 2024 | | Electric | | Gas | | Total | | | | | | | | Utilities and | | Utilities and | | Reportable | | Eliminations/ | | | | | (in millions) | Infrastructure | | Infrastructure | | Segments | | Other | | | | Total | | | | | | | | | | | | | | | | | | | | | | | | | Total operating revenues | $ | 934 | | | $ | 352 | | | $ | 1,286 | | | $ | — | | | | | $ | 1,286 | | Less: | | | | | | | | | | | | Fuel used in electric generation and purchased power | $ | 270 | | | $ | — | | | $ | 270 | | | — | | | | | $ | 270 | | Cost of natural gas | — | | | 82 | | | 82 | | | — | | | | | 82 | | Operation, maintenance and other | 181 | | | 62 | | | 243 | | | 4 | | | | | 247 | | Depreciation and amortization | 131 | | | 64 | | | 195 | | | — | | | | | 195 | | Property and other taxes | 151 | | | 53 | | | 204 | | | — | | | | | 204 | | | | | | | | | | | | | | Interest expense | 61 | | | 32 | | | 93 | | | (1) | | | | | 92 | | Income tax expense (benefit) | 23 | | | 13 | | | 36 | | | (1) | | | | | 35 | | Add: Other segment items(a) | 7 | | | 4 | | | 11 | | | (1) | | | | | 10 | | Segment income (loss) / Net income | $ | 124 | | | $ | 50 | | | $ | 174 | | | $ | (3) | | | | | $ | 171 | | Capital expenditures | $ | 273 | | | $ | 144 | | | $ | 417 | | | $ | — | | | | | $ | 417 | | Segment assets | 8,034 | | | 4,389 | | | 12,423 | | | 178 | | | | | 12,601 | |
(a) Other segment items for EU&I and GU&I include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Duke Energy Indiana |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Duke Energy Indiana has one reportable segment, EU&I. The remainder of Duke Energy Indiana's operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 821 | | $ | — | | $ | 821 | | | $ | 1,679 | | $ | — | | $ | 1,679 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 219 | | $ | — | | $ | 219 | | | $ | 479 | | $ | — | | $ | 479 | | Operation, maintenance and other | | 189 | | 3 | | 192 | | | 382 | | 5 | | 387 | | Depreciation and amortization | | 222 | | — | | 222 | | | 414 | | — | | 414 | | Property and other taxes | | 17 | | — | | 17 | | | 35 | | — | | 35 | | | | | | | | | | | Interest expense | | 56 | | 1 | | 57 | | | 116 | | — | | 116 | | Income tax expense (benefit) | | 20 | | (2) | | 18 | | | 38 | | (2) | | 36 | | Add: Other segment items(a) | | 22 | | (1) | | 21 | | | 32 | | (1) | | 31 | | Segment income (loss) / Net income | | $ | 120 | | $ | (3) | | $ | 117 | | | $ | 247 | | $ | (4) | | $ | 243 | | Capital expenditures | | | | | | $ | 526 | | $ | — | | $ | 526 | | Segment assets | | | | | | 15,940 | | 240 | | 16,180 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Electric | | | | Electric | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 747 | | $ | — | | $ | 747 | | | $ | 1,506 | | $ | — | | $ | 1,506 | | Less: | | | | | | | | | Fuel used in electric generation and purchased power | | $ | 223 | | $ | — | | $ | 223 | | | $ | 494 | | $ | — | | $ | 494 | | Operation, maintenance and other | | 161 | | — | | 161 | | | 339 | | 2 | | 341 | | Depreciation and amortization | | 172 | | — | | 172 | | | 341 | | — | | 341 | | Property and other taxes | | 16 | | — | | 16 | | | 30 | | — | | 30 | | | | | | | | | | | Interest expense | | 58 | | — | | 58 | | | 115 | | — | | 115 | | Income tax expense (benefit) | | 22 | | — | | 22 | | | 36 | | — | | 36 | | Add: Other segment items(a) | | 16 | | (1) | | 15 | | | 29 | | (1) | | 28 | | Segment income (loss) / Net income | | $ | 111 | | $ | (1) | | $ | 110 | | | $ | 180 | | $ | (3) | | $ | 177 | | Capital expenditures | | | | | | $ | 489 | | $ | — | | $ | 489 | | Segment assets | | | | | | 15,590 | | 59 | | 15,649 | |
(a) Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
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Piedmont |
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Segment Reporting Information [Line Items] |
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Business Segment Information |
Piedmont has one reportable segment, GU&I. The remainder of Piedmont's operations is presented as Other. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2025 | | Six Months Ended June 30, 2025 | | | Gas | | | | Gas | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 335 | | $ | — | | $ | 335 | | | $ | 1,192 | | $ | — | | $ | 1,192 | | Less: | | | | | | | | | Cost of natural gas | | $ | 124 | | $ | — | | $ | 124 | | | $ | 396 | | $ | — | | $ | 396 | | Operation, maintenance and other | | 101 | | 2 | | 103 | | | 195 | | 4 | | 199 | | Depreciation and amortization | | 71 | | — | | 71 | | | 141 | | — | | 141 | | Property and other taxes | | 19 | | — | | 19 | | | 37 | | — | | 37 | | | | | | | | | | | Interest expense | | 47 | | 1 | | 48 | | | 94 | | 1 | | 95 | | Income tax (benefit) expense | | (7) | | (1) | | (8) | | | 69 | | (1) | | 68 | | Other Segment Items | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | | — | | 1 | | 1 | | | — | | 3 | | 3 | | Add: Other(a) | | 11 | | — | | 11 | | | 22 | | — | | 22 | | Segment (loss) income / Net (loss) income | | $ | (9) | | $ | (1) | | $ | (10) | | | $ | 282 | | $ | (1) | | $ | 281 | | Capital expenditures | | | | | | $ | 380 | | $ | — | | $ | 380 | | Segment assets | | | | | | 11,844 | | 87 | | 11,931 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended June 30, 2024 | | Six Months Ended June 30, 2024 | | | Gas | | | | Gas | | | | | Utilities and | Eliminations/ | | | Utilities and | Eliminations/ | | (in millions) | | Infrastructure | Other | Total | | Infrastructure | Other | Total | Total operating revenues | | $ | 244 | | $ | — | | $ | 244 | | | $ | 920 | | $ | — | | $ | 920 | | Less: | | | | | | | | | Cost of natural gas | | $ | 58 | | $ | — | | $ | 58 | | | $ | 228 | | $ | — | | $ | 228 | | Operation, maintenance and other | | 83 | | 2 | | 85 | | | 178 | | 2 | | 180 | | Depreciation and amortization | | 64 | | — | | 64 | | | 126 | | — | | 126 | | Property and other taxes | | 16 | | — | | 16 | | | 31 | | — | | 31 | | | | | | | | | | | Interest expense | | 43 | | — | | 43 | | | 88 | | — | | 88 | | Income tax (benefit) expense | | (1) | | — | | (1) | | | 58 | | 1 | | 59 | | Other Segment Items | | | | | | | | | Add: Equity in earnings of unconsolidated affiliates | | — | | 2 | | 2 | | | — | | 4 | | 4 | | Add: Other(a) | | 15 | | — | | 15 | | | 30 | | — | | 30 | | Segment (loss) income / Net (loss) income | | $ | (4) | | $ | — | | $ | (4) | | | $ | 241 | | $ | 1 | | $ | 242 | | Capital expenditures | | | | | | $ | 571 | | $ | — | | $ | 571 | | Segment assets | | | | | | 11,208 | | 93 | | 11,301 | |
(a) Other includes Gains on sales of other assets and other, net, and Other income and expenses, net.
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