Duke Energy | 8-K: FY2026 Q2 Revenue: USD 7.592 B

Revenue: As of FY2026 Q2, the actual value is USD 7.592 B.

EPS: As of FY2026 Q2, the actual value is USD 1.38, beating the estimate of USD 1.3116.

EBIT: As of FY2026 Q2, the actual value is USD 2.262 B.

Consolidated Results (Three Months Ended June 30, 2026)

• Net income available to Duke Energy Corporation common stockholders was $1,077 million (reported) and $1,116 million (adjusted), compared to $971 million (reported and adjusted) for the same period in 2025.
• Total operating revenues reached $7,592 million, an increase from $7,508 million in 2025.
• Operating income was $2,049 million, up from $1,830 million in 2025.
• Total operating expenses decreased to $5,553 million from $5,692 million in 2025.
• Interest expense increased to $957 million from $897 million in 2025.
• Income tax expense from continuing operations rose to $160 million from $119 million in 2025.
• The reported effective tax rate was 12.3%, compared to 10.6% in 2025.
• The adjusted effective tax rate was 12.6%, compared to 10.6% in 2025.

Consolidated Results (Six Months Ended June 30, 2026)

• Net income available to Duke Energy Corporation common stockholders was $2,613 million (reported) and $2,618 million (adjusted), compared to $2,336 million (reported and adjusted) for the same period in 2025.
• Total operating revenues increased to $16,770 million from $15,757 million in 2025.
• Operating income was $4,774 million, up from $4,173 million in 2025.
• Total operating expenses increased to $12,390 million from $11,604 million in 2025.
• Interest expense rose to $1,925 million from $1,786 million in 2025.
• Income tax expense from continuing operations increased to $493 million from $312 million in 2025.

Cash Flow (Six Months Ended June 30, 2026)

• Net cash provided by operating activities was $4,272 million, a decrease from $5,040 million in 2025.
• Net cash used in investing activities was - $6,209 million, compared to - $6,264 million in 2025.
• Net cash provided by financing activities increased to $2,424 million from $1,245 million in 2025.
• Net increase in cash, cash equivalents and restricted cash was $487 million, significantly up from $21 million in 2025.
• Cash, cash equivalents and restricted cash at the end of the period totaled $850 million, up from $442 million in 2025.

Segment Performance (Three Months Ended June 30, 2026)

• The Electric Utilities and Infrastructure segment recognized $1,271 million in reported segment income and $1,310 million in adjusted segment income, up from $1,194 million (reported and adjusted) in 2025.
• The Gas Utilities and Infrastructure segment recognized $10 million in reported and adjusted segment income, up from $6 million (reported and adjusted) in 2025.
• The Other segment recognized a loss of - $204 million (reported and adjusted), an improvement from a - $228 million loss (reported and adjusted) in 2025.

Segment Performance (Six Months Ended June 30, 2026)

• The Electric Utilities and Infrastructure segment recognized $2,525 million in reported segment income and $2,714 million in adjusted segment income, up from $2,470 million (reported and adjusted) in 2025.
• The Gas Utilities and Infrastructure segment recognized $542 million in reported segment income and $371 million in adjusted segment income, compared to $355 million (reported and adjusted) in 2025.
• The Other segment recognized a loss of - $467 million (reported and adjusted), an improvement from a - $488 million loss (reported and adjusted) in 2025.

Balance Sheet (As of June 30, 2026)

• Total assets were $201,091 million, up from $195,736 million as of December 31, 2025.
• Total liabilities and equity amounted to $201,091 million, up from $195,736 million as of December 31, 2025.
• Cash and cash equivalents were $673 million, up from $245 million as of December 31, 2025.
• Long-term debt increased to $82,242 million from $80,108 million as of December 31, 2025.

Operational Metrics (Electric Utilities and Infrastructure - Six Months Ended June 30, 2026)

• Total retail sales were 107,098 GWh, a 0.4% increase from 106,686 GWh in 2025.
  • Residential sales increased by 1.1% to 45,054 GWh.
  • Commercial sales increased by 1.1% to 38,596 GWh.
  • Industrial sales decreased by 2.4% to 22,172 GWh.
• The total average number of customers increased by 1.4% to 8,727,849 from 8,605,931 in 2025.
• Total generation was 104,886 GWh, a 0.7% increase from 104,143 GWh in 2025.
  • Coal generation increased by 9.5% to 20,950 GWh.
  • Nuclear generation decreased by 4.5% to 36,465 GWh.
  • Hydro generation decreased by 58.4% to 374 GWh.
  • Natural Gas and Oil generation increased by 2.0% to 44,802 GWh.
  • Renewable Energy generation increased by 14.1% to 2,295 GWh.
• Purchased power and net interchange was 31,066 GWh, a 0.3% decrease from 31,166 GWh in 2025.
• The nuclear capacity factor was 93%, compared to 99% in 2025.

Outlook / Guidance

Duke Energy Corporation reaffirmed its 2026 adjusted EPS guidance of $6.55 to $6.80. The company also maintains its long-term adjusted EPS growth rate of 5% to 7% through 2030, based on the 2025 midpoint of $6.30. Management expressed confidence in achieving the top half of this range starting in 2028.