Duke Energy CORP

Company facts

Industry

Electric & Other Services Combined

Headquarters

Charlotte, North Carolina

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,001+ filings

On EDGAR

CIK 1326160

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 7 of 52 sections worth reading, with 1 positive, 22 notable, and 0 negative flags.

• Index to Combined Notes to Condensed Consolidated Financial Statements

  Dense with company-specific results, regulatory outcomes, and financing details across multiple registrants.
  Notable

  • Sold 9.19% of Florida Progress for $2.8B cash in March 2026, adding $1.9B to equity.
  • Sold Piedmont's Tennessee business for $2.5B in March 2026, recording a $652M pretax gain.
  • Winter Storm Fern costs estimated at $295M; $171M deferred at Duke Energy Carolinas, $75M at Duke Energy Progress.
  • Settled 2025 NC rate cases: Carolinas cumulative +$496M (7.4%), Progress +$338M (6.8%), effective Jan 2027.
  • PSCSC denied Duke Energy Progress's eRSA rate adjustment; appeal pending at SC Supreme Court.
  • FERC ordered Duke Energy Ohio to remove ROE adder and provide refunds from Feb 2022; $15M revenue reduction recorded.
  • Asbestos reserves at Duke Energy Carolinas: $369M at Sep 2026, with $529M insurance receivable.
  • Executed multiyear agreement to sell up to $3.1B in net tax credits (nuclear, solar PTCs/ITCs) from 2025-2028.

• Results of Operations

  Detailed segment results with rate case impacts, asset sales, and minority interest investment.
  Positive

  • Adjusted EPS up to $5.35 from $4.81 for nine months ended September 30, 2026, driven by rate cases and weather.
  Notable

  • First closing of minority interest investment in Florida Progress by Brookfield Super-Core Infrastructure Partners increased NCI.

• Results of Operations

  Core MD&A with quantified revenue and expense drivers for Duke Energy's 2026 period.
  Notable

  • Operation, maintenance and other costs increased $114M due to a legal settlement, Winter Storm Fern, and higher outage costs.

• Results of Operations

  MD&A with quantified revenue and expense drivers, plus a minority interest investment.
  Notable

  • Storm recovery revenues fell $602M, offsetting gains from rate cases and weather.
  • Fuel costs rose $361M due to higher natural gas prices and purchased power costs.
  • Operation, maintenance and other costs fell $401M, mainly from lower storm amortization.
  • First closing of minority interest investment in Florida Progress by Brookfield added $70M to NCI.

• Results of Operations

  Key operating results with specific drivers: storm recovery drop, rate case gains, and sales mix changes.
  Notable

  • Storm recovery revenues dropped $602 million, the largest driver of the revenue decline for the nine months ended September 30, 2026.
  • Operation, maintenance and other expenses fell $558 million due to lower storm amortization for the nine months ended September 30, 2026.
  • Depreciation and amortization increased $82 million due to higher depreciable base for the nine months ended September 30, 2026.

• Results of Operations

  Segment-level revenue and sales volume detail with specific drivers and a large wholesale power sales jump.
  Notable

  • Fuel-related revenues rose $40M due to higher natural gas costs passed through, partly offset by lower retail gas volumes.
  • Higher environmental remediation, bad debt, and storm costs drove a $48M increase in operation and maintenance expenses.

• Results of Operations

  Contains segment results, cash flow details, and a major asset sale with quantified impacts.
  Notable

  • Executed a multiyear agreement in April 2026 to sell up to $3.1 billion of net tax credits through 2029.
  • Piedmont closed the sale of its Tennessee business on March 31, 2026, receiving approximately $2.5 billion in proceeds.
  • Indiana law signed February 2026 requires Duke Energy Indiana to file its first multi-year rate plan by December 15, 2026.

What changed: Sep 2026 vs. Jun 2026

About 7% of DUK's Sep 2026 10-Q is new information. 74 paragraphs were added, 380 changed, and 90 removed. Below are the most important lines SECSift identified.

• Index to Combined Notes to Condensed Consolidated Financial Statements 172
• Results of Operations 136
• For the quarterly period ended September 30, 2026 5
• Item 6 5
• Condensed Consolidated Statements of Changes in Equity 3
• Item 1 3
• Item 4 2
• Condensed Consolidated Statements of Comprehensive Income 1
• Item 1A 1
• Item 5 1