DUKE ENERGY FLORIDA, LLC

For the period ended Mar 31, 2026. Filed May 5, 2026.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Mar 31, 2026 · Filed May 5, 2026

DUK$128.94+0.7%Stored close · as of Nov 10, 2026

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Contents

Duke Energy Ohio, Inc. Financial Statements

FINANCIAL STATEMENTS

	Three Months Ended
	March 31,
(in millions)	2026	2025
Operating Revenues
Regulated electric	$562	$487
Regulated natural gas	317	279
Total operating revenues	879	766
Operating Expenses
Fuel used in electric generation and purchased power	173	149
Cost of natural gas	121	101
Operation, maintenance and other	139	124
Depreciation and amortization	121	112
Property and other taxes	117	116
Total operating expenses	671	602
Operating Income	208	164
Other Income and Expenses, net	5	5
Interest Expense	52	47
Income Before Income Taxes	161	122
Income Tax Expense	31	22
Net Income and Comprehensive Income	$130	$100

FINANCIAL STATEMENTS

(in millions)	March 31, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$21	$18
Receivables (net of allowance for doubtful accounts of $52 at 2026 and $51 at 2025)	469	473
Receivables from affiliated companies	13	12
Notes receivable from affiliated companies	45	111
Inventory	198	187
Regulatory assets	140	86
Other	20	37
Total current assets	906	924
Property, Plant and Equipment
Cost	14,770	14,627
Accumulated depreciation and amortization	(3,856)	(3,812)
Net property, plant and equipment	10,914	10,815
Other Noncurrent Assets
Goodwill	920	920
Regulatory assets	668	686
Operating lease right-of-use assets, net	5	5
Other	101	96
Total other noncurrent assets	1,694	1,707
Total Assets	$13,514	$13,446
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$274	$333
Accounts payable to affiliated companies	75	91
Notes payable to affiliated companies	72	13
Taxes accrued	338	377
Interest accrued	55	51
Current maturities of long-term debt	—	45
Asset retirement obligations	6	6
Regulatory liabilities	79	57
Other	73	77
Total current liabilities	972	1,050
Long-Term Debt	4,351	4,350
Long-Term Debt Payable to Affiliated Companies	25	25
Other Noncurrent Liabilities
Deferred income taxes	1,362	1,341
Asset retirement obligations	130	129
Regulatory liabilities	465	470
Operating lease liabilities	4	5
Accrued pension and other post-retirement benefit costs	89	88
Other	88	90
Total other noncurrent liabilities	2,138	2,123
Commitments and Contingencies
Equity
Common Stock, $8.50 par value, 120 million shares authorized; 90 million shares outstanding at 2026 and 2025	762	762
Additional paid-in capital	3,219	3,219
Retained earnings	2,047	1,917
Total equity	6,028	5,898
Total Liabilities and Equity	$13,514	$13,446

FINANCIAL STATEMENTS

	Three Months Ended
	March 31,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$130	$100
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	121	113
Equity component of AFUDC	(4)	(3)
Deferred income taxes	13	(11)
Payments for asset retirement obligations	(1)	(1)
(Increase) decrease in
Receivables	5	(36)
Receivables from affiliated companies	(1)	(1)
Inventory	(11)	(1)
Other current assets	(35)	35
Increase (decrease) in
Accounts payable	(37)	(15)
Accounts payable to affiliated companies	(16)	17
Taxes accrued	(39)	(54)
Other current liabilities	22	26
Other assets	(2)	2
Other liabilities	7	—
Net cash provided by operating activities	152	171
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(212)	(224)
Notes receivable from affiliated companies	66	3
Other	(16)	(26)
Net cash used in investing activities	(162)	(247)
CASH FLOWS FROM FINANCING ACTIVITIES
Payments for the redemption of long-term debt	(45)	—
Notes payable to affiliated companies	59	65
Other	(1)	(1)
Net cash provided by financing activities	13	64
Net increase (decrease) in cash and cash equivalents	3	(12)
Cash and cash equivalents at beginning of period	18	24
Cash and cash equivalents at end of period	$21	$12
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$72	$95

FINANCIAL STATEMENTS

	Three Months Ended March 31, 2025 and 2026
Additional
	Common	Paid-in	Retained	Total
(in millions)	Stock	Capital	Earnings	Equity
Balance at December 31, 2024	$762	$3,118	$1,579	$5,459
Net income	—	—	100	100
Other	—	1	—	1
Balance at March 31, 2025	$762	$3,119	$1,679	$5,560
Balance at December 31, 2025	$762	$3,219	$1,917	$5,898
Net income	—	—	130	130
Balance at March 31, 2026	$762	$3,219	$2,047	$6,028

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