DUKE ENERGY FLORIDA, LLC

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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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.

Jun 30, 2026 · Filed Aug 4, 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 · Six Months Ended
	June 30,		June 30,
(in millions)	2026	2025	2026	2025
Operating Revenues
Regulated electric	$508	$498	$1,070	$985
Regulated natural gas	157	156	474	435
Total operating revenues	665	654	1,544	1,420
Operating Expenses
Fuel used in electric generation and purchased power	145	161	318	310
Cost of natural gas	33	35	154	136
Operation, maintenance and other	135	115	274	239
Depreciation and amortization	114	121	235	233
Property and other taxes	108	101	225	217
Total operating expenses	535	533	1,206	1,135
Operating Income	130	121	338	285
Other Income and Expenses, net	5	6	10	11
Interest Expense	53	51	105	98
Income Before Income Taxes	82	76	243	198
Income Tax Expense	15	12	46	34
Net Income and Comprehensive Income	$67	$64	$197	$164

FINANCIAL STATEMENTS

(in millions)	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$15	$18
Receivables (net of allowance for doubtful accounts of $47 at 2026 and $51 at 2025)	421	473
Receivables from affiliated companies	92	12
Notes receivable from affiliated companies	86	111
Inventory	229	187
Regulatory assets	122	86
Other	22	37
Total current assets	987	924
Property, Plant and Equipment
Cost	14,981	14,627
Accumulated depreciation and amortization	(3,945)	(3,812)
Net property, plant and equipment	11,036	10,815
Other Noncurrent Assets
Goodwill	920	920
Regulatory assets	689	686
Operating lease right-of-use assets, net	5	5
Other	102	96
Total other noncurrent assets	1,716	1,707
Total Assets	$13,739	$13,446
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$297	$333
Accounts payable to affiliated companies	144	91
Notes payable to affiliated companies	68	13
Taxes accrued	396	377
Interest accrued	50	51
Current maturities of long-term debt	—	45
Asset retirement obligations	6	6
Regulatory liabilities	95	57
Other	81	77
Total current liabilities	1,137	1,050
Long-Term Debt	4,352	4,350
Long-Term Debt Payable to Affiliated Companies	25	25
Other Noncurrent Liabilities
Deferred income taxes	1,370	1,341
Asset retirement obligations	130	129
Regulatory liabilities	444	470
Operating lease liabilities	4	5
Accrued pension and other post-retirement benefit costs	88	88
Other	94	90
Total other noncurrent liabilities	2,130	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	2,114	1,917
Total equity	6,095	5,898
Total Liabilities and Equity	$13,739	$13,446

FINANCIAL STATEMENTS

	Six Months Ended
	June 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$197	$164
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	237	235
Equity component of AFUDC	(8)	(7)
Deferred income taxes	15	(10)
Payments for asset retirement obligations	(2)	(3)
(Increase) decrease in
Receivables	53	5
Receivables from affiliated companies	(80)	1
Inventory	(42)	2
Other current assets	(24)	44
Increase (decrease) in
Accounts payable	(36)	(24)
Accounts payable to affiliated companies	53	18
Taxes accrued	19	(113)
Other current liabilities	39	22
Other assets	(9)	(28)
Other liabilities	(8)	15
Net cash provided by operating activities	404	321
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(404)	(471)
Notes receivable from affiliated companies	25	17
Other	(37)	(45)
Net cash used in investing activities	(416)	(499)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	—	347
Payments for the redemption of long-term debt	(45)	(150)
Notes payable to affiliated companies	55	(32)
Other	(1)	(1)
Net cash provided by financing activities	9	164
Net increase (decrease) in cash and cash equivalents	(3)	(14)
Cash and cash equivalents at beginning of period	18	24
Cash and cash equivalents at end of period	$15	$10
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$94	$92

FINANCIAL STATEMENTS

	Three Months Ended June 30, 2025 and 2026
Additional
	Common	Paid-in	Retained	Total
(in millions)	Stock	Capital	Earnings	Equity
Balance at March 31, 2025	$762	$3,119	$1,679	$5,560
Net income	—	—	64	64
Balance at June 30, 2025	$762	$3,119	$1,743	$5,624
Balance at March 31, 2026	$762	$3,219	$2,047	$6,028
Net income	—	—	67	67
Balance at June 30, 2026	$762	$3,219	$2,114	$6,095
	Six Months Ended June 30, 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	—	—	164	164
Other	—	1	—	1
Balance at June 30, 2025	$762	$3,119	$1,743	$5,624
Balance at December 31, 2025	$762	$3,219	$1,917	$5,898
Net income	—	—	197	197
Balance at June 30, 2026	$762	$3,219	$2,114	$6,095

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