Skip to main content
Midas Edge

DUKE ENERGY FLORIDA, LLC

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

View on SEC.gov

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$128.10+0.3%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Duke Energy Corporation Financial Statements

Condensed Consolidated Statements of Operations

Three Months Ended
March 31,
(in millions, except per share amounts)20262025
Operating Revenues
Regulated electric$7,803$7,064
Regulated natural gas1,2971,105
Nonregulated electric and other7880
Total operating revenues9,1788,249
Operating Expenses
Fuel used in electric generation and purchased power2,4192,099
Cost of natural gas525374
Operation, maintenance and other1,7521,499
Depreciation and amortization1,6891,512
Property and other taxes452428
Total operating expenses6,8375,912
Gains on Sales of Other Assets and Other, net3846
Operating Income2,7252,343
Other Income and Expenses
Equity in earnings of unconsolidated affiliates711
Other income and expenses, net133132
Total other income and expenses140143
Interest Expense968889
Income From Continuing Operations Before Income Taxes1,8971,597
Income Tax Expense From Continuing Operations333193
Income From Continuing Operations1,5641,404
Income From Discontinued Operations, net of tax13—
Net Income1,5771,404
Less: Net Income Attributable to Noncontrolling Interests2725
Net Income Attributable to Duke Energy Corporation1,5501,379
Less: Preferred Dividends1414
Net Income Available to Duke Energy Corporation Common Stockholders$1,536$1,365
Earnings Per Share – Basic and Diluted
Income from continuing operations available to Duke Energy Corporation common stockholders
Basic and Diluted$1.95$1.76
Income from discontinued operations attributable to Duke Energy Corporation common stockholders
Basic and Diluted$0.02$—
Net income available to Duke Energy Corporation common stockholders
Basic and Diluted$1.97$1.76
Weighted Average Shares Outstanding
Basic778777
Diluted779777

FINANCIAL STATEMENTS

Condensed Consolidated Statements of Comprehensive Income

Three Months Ended
March 31,
(in millions)20262025
Net Income$1,577$1,404
Other Comprehensive Income (Loss), net of tax(a)
Pension and OPEB adjustments(17)—
Net unrealized losses on cash flow hedges(1)(10)
Reclassification into earnings from cash flow hedges(2)14
Net unrealized losses on fair value hedges(6)(41)
Unrealized (losses) gains on available-for-sale securities(1)3
Other Comprehensive Loss, net of tax(27)(34)
Comprehensive Income1,5501,370
Less: Comprehensive Income Attributable to Noncontrolling Interests2725
Comprehensive Income Attributable to Duke Energy1,5231,345
Less: Preferred Dividends1414
Comprehensive Income Available to Duke Energy Corporation Common Stockholders$1,509$1,331

(a)Net of income tax benefit of $8 million and $10 million for the three months ended March 31, 2026, and 2025, respectively.

FINANCIAL STATEMENTS

(in millions)March 31, 2026December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents$2,140$245
Receivables (net of allowance for doubtful accounts of $201 at 2026 and $194 at 2025)3,9474,230
Inventory (includes $1,062 at 2026 and $669 at 2025 related to VIEs)4,5724,569
Regulatory assets (includes $204 at 2026 and 2025 related to VIEs)2,2011,934
Assets held for sale—109
Other (includes $82 at 2026 and $88 at 2025 related to VIEs)586526
Total current assets13,44611,613
Property, Plant and Equipment
Cost193,525190,409
Accumulated depreciation and amortization(61,252)(60,450)
Net property, plant and equipment132,273129,959
Other Noncurrent Assets
Goodwill19,01019,010
Regulatory assets (includes $3,062 at 2026 and $3,108 at 2025 related to VIEs)15,05914,379
Nuclear decommissioning trust funds12,64412,889
Operating lease right-of-use assets, net1,1691,241
Investments in equity method unconsolidated affiliates328330
Assets held for sale—2,148
Other4,1194,167
Total other noncurrent assets52,32954,164
Total Assets$198,048$195,736
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (includes $376 at 2026 and $296 at 2025 related to VIEs)$4,732$5,223
Notes payable and commercial paper2,3732,624
Taxes accrued839975
Interest accrued816922
Current maturities of long-term debt (includes $147 at 2026 and $118 at 2025 related to VIEs)7,3957,104
Asset retirement obligations574579
Regulatory liabilities1,5541,271
Liabilities associated with assets held for sale—84
Other2,0512,265
Total current liabilities20,33421,047
Long-Term Debt (includes $3,222 at 2026 and $3,308 at 2025 related to VIEs)80,47780,108
Other Noncurrent Liabilities
Deferred income taxes12,79912,377
Asset retirement obligations9,0369,046
Regulatory liabilities14,77415,682
Operating lease liabilities9641,033
Accrued pension and other post-retirement benefit costs384396
Investment tax credits985969
Liabilities associated with assets held for sale—170
Other1,8171,889
Total other noncurrent liabilities40,75941,562
Commitments and Contingencies
Equity
Preferred stock, Series A, $0.001 par value, 40 million depositary shares authorized and outstanding at 2026 and 2025973973
Common stock, $0.001 par value, 2 billion shares authorized; 778 million shares outstanding at 2026 and 202511
Additional paid-in capital47,55145,614
Retained earnings5,7615,056
Accumulated other comprehensive income171198
Total Duke Energy Corporation stockholders' equity54,45751,842
Noncontrolling interests2,0211,177
Total equity56,47853,019
Total Liabilities and Equity$198,048$195,736

FINANCIAL STATEMENTS

Three Months Ended
March 31,
(in millions)20262025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income$1,577$1,404
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion (including amortization of nuclear fuel)1,8841,691
Equity component of AFUDC(88)(70)
Gain on sale of Piedmont's Tennessee business(368)—
Gains on sales of other assets(16)(6)
Deferred income taxes412192
Equity in earnings of unconsolidated affiliates(7)(11)
Payments for asset retirement obligations(119)(102)
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions—85
Receivables336150
Inventory199
Other current assets(328)107
Increase (decrease) in
Accounts payable(302)(866)
Taxes accrued(139)(52)
Other current liabilities(460)(468)
Other assets(936)(60)
Other liabilities6584
Net cash provided by operating activities1,5122,177
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures(4,088)(3,148)
Purchases of debt and equity securities(5,025)(1,966)
Proceeds from sales and maturities of debt and equity securities5,0372,051
Proceeds from the sale of Piedmont's Tennessee business2,501—
Other(271)(237)
Net cash used in investing activities(1,846)(3,300)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the:
Issuance of long-term debt3,2684,096
Issuance of common stock—7
Payments for the redemption of long-term debt(2,577)(996)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days262—
Payments for the redemption of short-term debt with original maturities greater than 90 days(125)(5)
Notes payable and commercial paper(428)(1,050)
Contributions from noncontrolling interests2,778—
Dividends paid(846)(803)
Other(109)(11)
Net cash provided by financing activities2,2231,238
Net increase in cash, cash equivalents and restricted cash1,889115
Cash, cash equivalents and restricted cash at beginning of period363421
Cash, cash equivalents and restricted cash at end of period$2,252$536
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures$2,313$1,900

FINANCIAL STATEMENTS

Three Months Ended March 31, 2025 and 2026
Accumulated Other Comprehensive
Income (Loss)
Net · Net Unrealized · Total
Gains · Gains (Losses) · Duke Energy
Common · Additional · (Losses) · on Available- · Pension and · Corporation · Non-
Preferred · Stock · Common · Paid-in · Retained · on · for-Sale- · OPEB · Stockholders' · controlling · Total
(in millions) · Stock · Shares · Stock · Capital · Earnings · Hedges(a) · Securities · Adjustments · Equity · Interests · Equity
Balance at December 31, 2024$973776$1$45,494$3,431$326$(17)$(81)$50,127$1,129$51,256
Net income(c)————1,365———1,365251,390
Other comprehensive (loss) income—————(37)3—(34)—(34)
Common stock issuances, including dividend reinvestment and employee benefits—1—22————22—22
Common stock dividends————(814)———(814)—(814)
Sale of Commercial Renewables Disposal Groups(b)—————————(18)(18)
Distributions to noncontrolling interest in subsidiaries—————————(6)(6)
Other————4———4(6)(2)
Balance at March 31, 2025$973777$1$45,516$3,986$289$(14)$(81)$50,670$1,124$51,794
Balance at December 31, 2025$973778$1$45,614$5,056$278$(12)$(68)$51,842$1,177$53,019
Net income(c)————1,536———1,536271,563
Other comprehensive (loss) income—————(9)(1)(17)(27)—(27)
Common stock issuances, including employee benefits——(17)————(17)—(17)
Common stock dividends————(832)———(832)—(832)
Sale of noncontrolling interest, net of transaction costs(b)———1,954————1,9548242,778
Distributions to noncontrolling interest in subsidiaries—————————(7)(7)
Other————1———1—1
Balance at March 31, 2026$973778$1$47,551$5,761$269$(13)$(85)$54,457$2,021$56,478

(a)See Duke Energy Condensed Consolidated Statements of Comprehensive Income for detailed activity related to Cash Flow and Fair Value hedges.

(b)See Note 2 for additional information.

(c)Net income available to Duke Energy Corporation Common Stockholders reflects preferred dividends.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.