v3.26.1
Business Segments (Tables)
 3 Months Ended
Mar. 31, 2026
Segment Reporting Information [Line Items]  
Business Segment Information
Business segment information is presented in the following tables. Segment assets presented exclude intercompany assets.
Three Months Ended March 31, 2026
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$7,864 $1,309 $9,173 $5 $— $9,178 
Intersegment revenues14 24 38 37 (75)— 
Total operating revenues
$7,878 $1,333 $9,211 $42 $(75)$9,178 
Less:
Fuel used in electric generation and purchased power$2,440 $— $2,440 $— $(21)$2,419 
Cost of natural gas— 525 525 — — 525 
Operation, maintenance and other1,709 135 1,844 (41)(51)1,752 
Depreciation and amortization1,498 115 1,613 83 (7)1,689 
Property and other taxes393 57 450 2 — 452 
Interest expense571 67 638 349 (19)968 
Income tax expense (benefit)127 294 421 (88)— 333 
Other Segment Items
Noncontrolling interests(a)
27 — 27 — — 27 
Preferred dividends— — — 14 — 14 
Add: Equity in earnings of unconsolidated affiliates
— 6 6 1 — 7 
Add: Other(b)
141 386 527 13 (23)517 
Segment income (loss)(c)(d)
$1,254 $532 $1,786 $(263)$— $1,523 
Discontinued Operations
13 
Net income available to Duke Energy Corporation Common Stockholders
$1,536 
Add back: Net income attributable to noncontrolling interest
27 
Add back: Preferred dividends
14 
Net Income
$1,577 
Capital investments expenditures and acquisitions for the three months ended March 31, 2026$3,734 $279 $4,013 $75 $— $4,088 
Segment assets as of March 31, 2026175,573 16,745 192,318 5,730 — 198,048 
Three Months Ended March 31, 2025
ElectricGasTotal
Utilities andUtilities andReportable
(in millions)InfrastructureInfrastructureSegmentsOtherEliminationsTotal
Unaffiliated revenues$7,125 $1,116 $8,241 $8 $— $8,249 
Intersegment revenues15 24 39 34 (73)— 
Total operating revenues
$7,140 $1,140 $8,280 $42 $(73)$8,249 
Less:
Fuel used in electric generation and purchased power$2,119 $— $2,119 $— $(20)$2,099 
Cost of natural gas— 374 374 — — 374 
Operation, maintenance and other1,424 125 1,549 2 (52)1,499 
Depreciation and amortization1,334 107 1,441 77 (6)1,512 
Property and other taxes378 47 425 3 — 428 
Interest expense530 65 595 318 (24)889 
Income tax expense (benefit)189 91 280 (87)— 193 
Other Segment Items
Noncontrolling interests(a)
25 — 25 — — 25 
Preferred dividends— — — 14 — 14 
Add: Equity in earnings of unconsolidated affiliates
— 5 5 6 — 11 
Add: Other(b)
135 13 148 19 (29)138 
Segment income (loss)
$1,276 $349 $1,625 $(260)$— $1,365 
Add back: Net Income available to noncontrolling interest
25 
Add back: Preferred dividends
14 
Net Income
$1,404 
Capital investments expenditures and acquisitions for the three months ended March 31, 2025$2,814 $249 $3,063 $85 $— $3,148 
Segment assets as of December 31, 2025(e)
172,427 18,989 191,416 4,320 — 195,736 
(a)Net income attributable to noncontrolling interests 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 segment income includes an after-tax total amount of $150 million, net of $47 million tax benefit, recorded at Duke Energy Carolinas and Duke Energy Progress within Operations, maintenance and other and Operating Revenues on the Condensed Consolidated Statements of Operations related to legal settlements, as well as regulatory matters related to the establishment of a regulatory liability associated with an energy efficiency program.
(d)    GU&I includes $368 million pretax recorded within Gains on Sales of Other Assets and Other, net, and $7 million pretax recorded within Property and other taxes on the Condensed Consolidated Statements of Operations related to the sale of Piedmont's Tennessee business. GU&I also includes $6 million pretax 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. GU&I segment income includes $196 million of tax expense related to these asset sales which includes the impact of nondeductible goodwill related to the sale of Piedmont's Tennessee business.
(e)    GU&I includes Assets held for sale balances related to the Piedmont Tennessee Disposal Group. Refer to Note 2 for further information.
Duke Energy Carolinas  
Segment Reporting Information [Line Items]  
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 March 31, 2026
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$2,766 $— $2,766 
Less:
Fuel used in electric generation and purchased power$931 $— $931 
Operation, maintenance and other601 12 613 
Depreciation and amortization526 — 526 
Property and other taxes106 — 106 
Interest expense217 1 218 
Income tax expense (benefit)14 (3)11 
Add: Other segment items(a)
65 — 65 
Segment income (loss) / Net income$436 $(10)$426 
Capital expenditures for the three months ended March 31, 2026$1,474 $— $1,474 
Segment assets as of March 31, 202660,432 286 60,718 
Three Months Ended March 31, 2025
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$2,524 $— $2,524 
Less:
Fuel used in electric generation and purchased power$803 $— $803 
Operation, maintenance and other474 10 484 
Depreciation and amortization432 — 432 
Property and other taxes102 — 102 
Interest expense200 — 200 
Income tax expense (benefit)53 (2)51 
Add: Other segment items(a)
61 — 61 
Segment income (loss) / Net income$521 $(8)$513 
Capital expenditures for the three months ended March 31, 2025$1,019 $— $1,019 
Segment assets as of December 31, 202558,775 400 59,175 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Progress Energy  
Segment Reporting Information [Line Items]  
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 March 31, 2026
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$3,922 $3 $3,925 
Less:
Fuel used in electric generation and purchased power$1,311 $— $1,311 
Operation, maintenance and other820 16 836 
Depreciation and amortization682 — 682 
Property and other taxes182 (1)181 
Interest expense262 29 291 
Income tax expense (benefit)107 (9)98 
Other Segment Items
Noncontrolling interest
5 — 5 
Add: Other segment items(a)
61 11 72 
Segment income (loss) / Net income$614 $(21)$593 
Capital expenditures for the three months ended March 31, 2026$1,725 $— $1,725 
Segment assets as of March 31, 202672,939 3,967 76,906 
Three Months Ended March 31, 2025
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$3,462 $5 $3,467 
Less:
Fuel used in electric generation and purchased power$1,106 $— $1,106 
Operation, maintenance and other673 15 688 
Depreciation and amortization631 — 631 
Property and other taxes172 — 172 
Interest expense246 29 275 
Income tax expense (benefit)118 (8)110 
Add: Other segment items(a)
61 — 61 
Segment income (loss) / Net income$577 $(31)$546 
Capital expenditures for the three months ended March 31, 2025$1,409 $— $1,409 
Segment assets as of December 31, 202571,685 4,153 75,838 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Progress  
Segment Reporting Information [Line Items]  
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 March 31, 2026
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$2,301 $— $2,301 
Less:
Fuel used in electric generation and purchased power$863 $— $863 
Operation, maintenance and other501 7 508 
Depreciation and amortization386 — 386 
Property and other taxes59 — 59 
Interest expense135 — 135 
Income tax expense (benefit)42 (2)40 
Add: Other segment items(a)
44 — 44 
Segment income (loss) / Net income$359 $(5)$354 
Capital expenditures for the three months ended March 31, 2026$990 $— $990 
Segment assets as of March 31, 202642,884 132 43,016 
Three Months Ended March 31, 2025
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$2,018 $— $2,018 
Less:
Fuel used in electric generation and purchased power$725 $— $725 
Operation, maintenance and other391 7 398 
Depreciation and amortization357 — 357 
Property and other taxes60 — 60 
Interest expense128 — 128 
Income tax expense (benefit)58 (2)56 
Add: Other segment items(a)
39 (2)37 
Segment income (loss) / Net income$338 $(7)$331 
Capital expenditures for the three months ended March 31, 2025$849 $— $849 
Segment assets as of December 31, 202542,163 364 42,527 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Florida  
Segment Reporting Information [Line Items]  
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 March 31, 2026
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$1,621 $— $1,621 
Less:
Fuel used in electric generation and purchased power$448 $— $448 
Operation, maintenance and other319 5 324 
Depreciation and amortization296 — 296 
Property and other taxes123 — 123 
Interest expense127 1 128 
Income tax expense (benefit)65 (2)63 
Add: Other segment items(a)
17 1 18 
Segment income (loss) / Net income$260 $(3)$257 
Capital expenditures for the three months ended March 31, 2026$735 $— $735 
Segment assets as of March 31, 202630,055 79 30,134 
Three Months Ended March 31, 2025
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$1,444 $— $1,444 
Less:
Fuel used in electric generation and purchased power$381 $— $381 
Operation, maintenance and other282 4 286 
Depreciation and amortization274 — 274 
Property and other taxes112 — 112 
Interest expense118 — 118 
Income tax expense (benefit)60 (2)58 
Add: Other segment items(a)
22 (3)19 
Segment income (loss) / Net income$239 $(5)$234 
Capital expenditures for the three months ended March 31, 2025$559 $— $559 
Segment assets as of December 31, 202529,522 134 29,656 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Duke Energy Ohio  
Segment Reporting Information [Line Items]  
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 March 31, 2026
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$562 $317 $879 $— $879 
Less:
Fuel used in electric generation and purchased power$173 $— $173 $— $173 
Cost of natural gas— 121 121 — 121 
Operation, maintenance and other97 40 137 2 139 
Depreciation and amortization82 39 121 — 121 
Property and other taxes87 30 117 — 117 
Interest expense34 18 52 — 52 
Income tax expense (benefit)16 15 31 — 31 
Add: Other segment items(a)
4 1 5 — 5 
Segment income (loss) / Net income
$77 $55 $132 $(2)$130 
Capital expenditures for the three months ended March 31, 2026$162 $50 $212 $— $212 
Segment assets as of March 31, 20268,631 4,809 13,440 74 13,514 
Three Months Ended March 31, 2025
ElectricGasTotal
Utilities andUtilities andReportable
Eliminations/
(in millions)InfrastructureInfrastructureSegmentsOtherTotal
Total operating revenues
$487 $279 $766 $— $766 
Less:
Fuel used in electric generation and purchased power$149 $— $149 $— $149 
Cost of natural gas— 101 101 — 101 
Operation, maintenance and other92 29 121 3 124 
Depreciation and amortization76 36 112 — 112 
Property and other taxes86 30 116 — 116 
Interest expense31 16 47 — 47 
Income tax expense (benefit)9 14 23 (1)22 
Add: Other segment items(a)
4 2 6 (1)5 
Segment income (loss) / Net income$48 $55 $103 $(3)$100 
Capital expenditures for the three months ended March 31, 2025$157 $67 $224 $— $224 
Segment assets as of December 31, 20258,575 4,736 13,311 135 13,446 
(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.
Duke Energy Indiana  
Segment Reporting Information [Line Items]  
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 March 31, 2026
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$966 $— $966 
Less:
Fuel used in electric generation and purchased power$370 $— $370 
Operation, maintenance and other187 3 190 
Depreciation and amortization205 — 205 
Property and other taxes19 — 19 
Interest expense64 — 64 
Income tax expense (benefit)19 (1)18 
Add: Other segment items(a)
11 — 11 
Segment income (loss) / Net income$113 $(2)$111 
Capital expenditures for the three months ended March 31, 2026$364 $— $364 
Segment assets as of March 31, 202616,504 272 16,776 
Three Months Ended March 31, 2025
Electric
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$858 $— $858 
Less:
Fuel used in electric generation and purchased power$260 $— $260 
Operation, maintenance and other193 2 195 
Depreciation and amortization192 — 192 
Property and other taxes18 — 18 
Interest expense60 (1)59 
Income tax expense (benefit)18 — 18 
Add: Other segment items(a)
10 — 10 
Segment income (loss) / Net income$127 $(1)$126 
Capital expenditures for the three months ended March 31, 2025$234 $— $234 
Segment assets as of December 31, 202516,321 25 16,346 
(a)    Other segment items include Gains on sales of other assets and other, net, and Other income and expenses, net.
Piedmont  
Segment Reporting Information [Line Items]  
Business Segment Information
Piedmont has one reportable segment, GU&I. The remainder of Piedmont's operations is presented as Other.
Three Months Ended March 31, 2026
Gas
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$1,011 $— $1,011 
Less:
Cost of natural gas$404 $— $404 
Operation, maintenance and other93 2 95 
Depreciation and amortization74 — 74 
Property and other taxes26 — 26 
Interest expense48 — 48 
Income tax expense (benefit)
258 — 258 
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates— 2 2 
Add: Other(a)
662 — 662 
Segment income (loss) / Net income (loss)
$770 $— $770 
Capital expenditures for the three months ended March 31, 2026$229 $— $229 
Segment assets as of March 31, 202610,346 360 10,706 
Three Months Ended March 31, 2025
Gas
Utilities andEliminations/
(in millions)InfrastructureOtherTotal
Total operating revenues
$857 $— $857 
Less:
Cost of natural gas$272 $— $272 
Operation, maintenance and other94 2 96 
Depreciation and amortization70 — 70 
Property and other taxes18 — 18 
Interest expense47 — 47 
Income tax expense (benefit)
76 — 76 
Other Segment Items
Add: Equity in earnings of unconsolidated affiliates— 2 2 
Add: Other(a)
11 — 11 
Segment income (loss) / Net income (loss)
$291 $— $291 
Capital expenditures for the three months ended March 31, 2025$182 $— $182 
Segment assets as of December 31, 2025(b)
12,384 86 12,470 
(a)    Other includes Gains on sales of other assets and other, net, and Other income and expenses, net.
(b)    GU&I includes Assets held for sale balances related to the Piedmont Tennessee Disposal Group. Refer to Note 2 for further information.