DUKE ENERGY FLORIDA, LLC

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

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 Progress, LLC Financial Statements

FINANCIAL STATEMENTS

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in millions)	2026	2025	2026	2025
Operating Revenues	$1,800	$1,681	$4,101	$3,699
Operating Expenses
Fuel used in electric generation and purchased power	547	574	1,410	1,299
Operation, maintenance and other	364	340	872	738
Depreciation and amortization	396	319	782	676
Property and other taxes	22	45	81	105
Impairment of assets and other charges	22	—	22	—
Total operating expenses	1,351	1,278	3,167	2,818
Gains (Losses) on Sales of Other Assets and Other, net	—	—	1	—
Operating Income	449	403	935	881
Other Income and Expenses, net	55	50	98	87
Interest Expense	144	139	279	267
Income Before Income Taxes	360	314	754	701
Income Tax Expense	53	39	93	95
Net Income and Comprehensive Income	$307	$275	$661	$606

FINANCIAL STATEMENTS

(in millions)	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$244	$16
Receivables (net of allowance for doubtful accounts of $46 at 2026 and $38 at 2025)	1,106	952
Receivables from affiliated companies	106	104
Notes receivable from affiliated companies	—	186
Inventory	1,374	1,363
Regulatory assets (includes $70 at 2026 and 2025 related to VIEs)	847	652
Other (includes $59 at 2026 and $38 at 2025 related to VIEs)	136	95
Total current assets	3,813	3,368
Property, Plant and Equipment
Cost	46,816	45,175
Accumulated depreciation and amortization	(17,446)	(16,980)
Net property, plant and equipment	29,370	28,195
Other Noncurrent Assets
Regulatory assets (includes $1,138 at 2026 and $1,169 at 2025 related to VIEs)	4,246	4,543
Nuclear decommissioning trust funds	5,541	5,254
Operating lease right-of-use assets, net	357	386
Other	776	781
Total other noncurrent assets	10,920	10,964
Total Assets	$44,103	$42,527
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$909	$886
Accounts payable to affiliated companies	316	398
Notes payable to affiliated companies	823	—
Taxes accrued	105	167
Interest accrued	146	145
Current maturities of long-term debt (includes $49 at 2026 and $41 at 2025 related to VIEs)	1,094	285
Asset retirement obligations	179	194
Regulatory liabilities	374	274
Other (includes $27 at 2026 and $16 at 2025 related to VIEs)	372	370
Total current liabilities	4,318	2,719
Long-Term Debt (includes $1,197 at 2026 and $1,224 at 2025 related to VIEs)	12,909	13,461
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	2,916	2,642
Asset retirement obligations	4,121	4,095
Regulatory liabilities	4,293	4,807
Operating lease liabilities	360	384
Accrued pension and other post-retirement benefit costs	131	139
Investment tax credits	195	194
Other	439	326
Total other noncurrent liabilities	12,455	12,587
Commitments and Contingencies
Equity
Member's Equity	14,271	13,610
Total Liabilities and Equity	$44,103	$42,527

FINANCIAL STATEMENTS

	Six Months Ended
	June 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$661	$606
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of nuclear fuel)	880	773
Equity component of AFUDC	(58)	(41)
Impairment of assets and other charges	22	—
Deferred income taxes	245	132
Payments for asset retirement obligations	(86)	(81)
(Increase) decrease in
Receivables	(141)	43
Receivables from affiliated companies	(2)	(21)
Inventory	(11)	18
Other current assets	(11)	(89)
Increase (decrease) in
Accounts payable	10	(60)
Accounts payable to affiliated companies	(82)	142
Taxes accrued	(62)	(287)
Other current liabilities	19	(41)
Other assets	(366)	(49)
Other liabilities	(50)	90
Net cash provided by operating activities	968	1,135
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(1,984)	(1,524)
Purchases of debt and equity securities	(3,901)	(1,527)
Proceeds from sales and maturities of debt and equity securities	3,901	1,526
Notes receivable from affiliated companies	186	(949)
Other	(71)	(85)
Net cash used in investing activities	(1,869)	(2,559)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	300	2,156
Payments for the redemption of long-term debt	(48)	(423)
Notes payable to affiliated companies	823	(611)
Contributions from parent	—	300
Other	76	(1)
Net cash provided by financing activities	1,151	1,421
Net increase (decrease) in cash, cash equivalents and restricted cash	250	(3)
Cash, cash equivalents and restricted cash at beginning of period	61	69
Cash, cash equivalents and restricted cash at end of period	$311	$66
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$571	$306

FINANCIAL STATEMENTS

	Three Months Ended
	June 30, 2025 and 2026
(in millions)	Member's Equity
Balance at March 31, 2025	$12,601
Net income	275
Equitization of certain intercompany balances with affiliates	57
Other	1
Balance at June 30, 2025	$12,934
Balance at March 31, 2026	$13,964
Net income	307
Balance at June 30, 2026	$14,271
	Six Months Ended
	June 30, 2025 and 2026
(in millions)	Member's Equity
Balance at December 31, 2024	$11,971
Net income	606
Contribution from parent	300
Equitization of certain intercompany balances with affiliates	57
Balance at June 30, 2025	$12,934
Balance at December 31, 2025	$13,610
Net income	661
Balance at June 30, 2026	$14,271

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.