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

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Contents

Duke Energy Corporation Financial Statements

Condensed Consolidated Statements of Operations

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in millions, except per share amounts)	2026	2025	2026	2025
Operating Revenues
Regulated electric	$7,103	$6,968	$14,906	$14,032
Regulated natural gas	418	462	1,715	1,567
Nonregulated electric and other	71	78	149	158
Total operating revenues	7,592	7,508	16,770	15,757
Operating Expenses
Fuel used in electric generation and purchased power	1,915	1,878	4,334	3,977
Cost of natural gas	130	158	655	532
Operation, maintenance and other	1,385	1,655	3,137	3,154
Depreciation and amortization	1,700	1,583	3,389	3,095
Property and other taxes	374	415	826	843
Impairment of assets and other charges	49	3	49	3
Total operating expenses	5,553	5,692	12,390	11,604
Gains (Losses) on Sales of Other Assets and Other, net	10	14	394	20
Operating Income	2,049	1,830	4,774	4,173
Other Income and Expenses
Equity in earnings (losses) of unconsolidated affiliates	10	11	17	22
Other income and expenses, net	203	183	336	315
Total other income and expenses	213	194	353	337
Interest Expense	957	897	1,925	1,786
Income From Continuing Operations Before Income Taxes	1,305	1,127	3,202	2,724
Income Tax Expense From Continuing Operations	160	119	493	312
Income From Continuing Operations	1,145	1,008	2,709	2,412
Income (Loss) From Discontinued Operations, net of tax	—	(1)	13	(1)
Net Income	1,145	1,007	2,722	2,411
Less: Net Income Attributable to NCI	53	23	80	48
Net Income Attributable to Duke Energy Corporation	1,092	984	2,642	2,363
Less: Preferred Dividends	15	13	29	27
Net Income Available to Duke Energy Corporation Common Stockholders	$1,077	$971	$2,613	$2,336
Earnings Per Share – Basic and Diluted
Income from continuing operations available to Duke Energy Corporation common stockholders
Basic and Diluted	$1.38	$1.25	$3.33	$3.00
Income (loss) 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	$1.38	$1.25	$3.35	$3.00
Weighted Average Shares Outstanding
Basic and Diluted	779	777	779	777

FINANCIAL STATEMENTS

Condensed Consolidated Statements of Comprehensive Income

Three Months Ended · Six Months Ended
	June 30,		June 30,
(in millions)	2026	2025	2026	2025
Net Income	$1,145	$1,007	$2,722	$2,411
Other Comprehensive Income (Loss), net of tax(a)
Pension and OPEB adjustments	5	—	(12)	—
Net unrealized gains (losses) on cash flow hedges	9	6	8	(4)
Reclassification into earnings from cash flow hedges	(2)	(2)	(4)	12
Net unrealized gains (losses) on fair value hedges	26	6	20	(35)
Unrealized gains (losses) on available-for-sale securities	—	(1)	(1)	2
Other Comprehensive Income (Loss), net of tax	38	9	11	(25)
Comprehensive Income	1,183	1,016	2,733	2,386
Less: Comprehensive Income Attributable to NCI	53	23	80	48
Comprehensive Income Attributable to Duke Energy	1,130	993	2,653	2,338
Less: Preferred Dividends	15	13	29	27
Comprehensive Income Available to Duke Energy Corporation Common Stockholders	$1,115	$980	$2,624	$2,311

(a)Net of income tax expense of$11 million and $3 million for thethree months ended June 30, 2026, and 2025 and income tax expense of$3 million and income tax benefit of $7 million for the six months ended June 30, 2026, and 2025, respectively.

FINANCIAL STATEMENTS

(in millions)	June 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$673	$245
Receivables (net of allowance for doubtful accounts of $214 at 2026 and $194 at 2025)	4,482	4,230
Inventory (includes $1,013 at 2026 and $669 at 2025 related to VIEs)	4,665	4,569
Regulatory assets (includes $205 at 2026 and $204 at 2025 related to VIEs)	2,645	1,934
Assets held for sale	—	109
Other (includes $145 at 2026 and $88 at 2025 related to VIEs)	684	526
Total current assets	13,149	11,613
Property, Plant and Equipment
Cost (includes $3,610 at 2026 and $2,913 at 2025 related to VIEs)	197,562	190,409
Accumulated depreciation and amortization (includes ($138) at 2026 and ($89) at 2025 related to VIEs)	(62,326)	(60,450)
Net property, plant and equipment	135,236	129,959
Other Noncurrent Assets
Goodwill	19,010	19,010
Regulatory assets (includes $3,027 at 2026 and $3,108 at 2025 related to VIEs)	14,411	14,379
Nuclear decommissioning trust funds	13,590	12,889
Operating lease right-of-use assets, net	1,166	1,241
Investments in equity method unconsolidated affiliates	332	330
Assets held for sale	—	2,148
Other	4,197	4,167
Total other noncurrent assets	52,706	54,164
Total Assets	$201,091	$195,736
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable (includes $452 at 2026 and $296 at 2025 related to VIEs)	$4,940	$5,223
Notes payable and commercial paper	2,330	2,624
Taxes accrued	1,035	975
Interest accrued	899	922
Current maturities of long-term debt (includes $147 at 2026 and $118 at 2025 related to VIEs)	6,666	7,104
Asset retirement obligations	570	579
Regulatory liabilities	1,422	1,271
Liabilities associated with assets held for sale	—	84
Other	2,026	2,265
Total current liabilities	19,888	21,047
Long-Term Debt (includes $3,221 at 2026 and $3,308 at 2025 related to VIEs)	82,242	80,108
Other Noncurrent Liabilities
Deferred income taxes	13,344	12,377
Asset retirement obligations	9,202	9,046
Regulatory liabilities	15,359	15,682
Operating lease liabilities	968	1,033
Accrued pension and other post-retirement benefit costs	348	396
Investment tax credits	976	969
Liabilities associated with assets held for sale	—	170
Other	1,901	1,889
Total other noncurrent liabilities	42,098	41,562
Commitments and Contingencies
Equity
Preferred stock, Series A, $0.001 par value, 40 million depositary shares authorized and outstanding at 2026 and 2025	973	973
Common stock, $0.001 par value, 2 billion shares authorized; 780 million and 778 million shares outstanding at 2026 and 2025	1	1
Additional paid-in capital	47,563	45,614
Retained earnings	6,005	5,056
Accumulated other comprehensive income (loss)	209	198
Total Duke Energy Corporation stockholders' equity	54,751	51,842
Noncontrolling Interests	2,112	1,177
Total equity	56,863	53,019
Total Liabilities and Equity	$201,091	$195,736

FINANCIAL STATEMENTS

	Six Months Ended
	June 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$2,722	$2,411
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization and accretion (including amortization of nuclear fuel)	3,702	3,659
Equity component of AFUDC	(182)	(147)
Gain on sale of Piedmont's Tennessee business	(368)	—
(Gains) losses on sales of other assets	(26)	(20)
Impairment of assets and other charges	49	3
Deferred income taxes	949	611
Equity in (earnings) losses of unconsolidated affiliates	(17)	(22)
Payments for asset retirement obligations	(249)	(241)
(Increase) decrease in
Net realized and unrealized mark-to-market and hedging transactions	—	266
Receivables	(208)	53
Inventory	(92)	85
Other current assets	(233)	(243)
Increase (decrease) in
Accounts payable	(383)	(987)
Taxes accrued	53	(7)
Other current liabilities	(457)	(374)
Other assets	(1,046)	(78)
Other liabilities	58	71
Net cash provided by operating activities	4,272	5,040
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(8,240)	(6,428)
Purchases of debt and equity securities	(10,187)	(3,446)
Proceeds from sales and maturities of debt and equity securities	10,206	3,535
Proceeds from the sale of Piedmont's Tennessee business	2,501	—
Proceeds from the sale of Commercial Renewables Disposal Groups, net of cash divested	—	559
Other	(489)	(484)
Net cash used in investing activities	(6,209)	(6,264)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the:
Issuance of long-term debt	6,464	4,848
Issuance of common stock	—	14
Payments for the redemption of long-term debt	(4,831)	(1,815)
Proceeds from the issuance of short-term debt with original maturities greater than 90 days	262	—
Payments for the redemption of short-term debt with original maturities greater than 90 days	(390)	(5)
Notes payable and commercial paper	(237)	(185)
Contributions from NCI	2,827	—
Dividends paid	(1,693)	(1,610)
Other	22	(2)
Net cash provided by financing activities	2,424	1,245
Net increase (decrease) in cash, cash equivalents and restricted cash	487	21
Cash, cash equivalents and restricted cash at beginning of period	363	421
Cash, cash equivalents and restricted cash at end of period	$850	$442
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$2,574	$1,929

FINANCIAL STATEMENTS

	Three Months Ended June 30, 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
	Preferred	Stock	Common	Paid-in	Retained	on	for-Sale-	OPEB	Stockholders'	Noncontrolling	Total
(in millions)	Stock	Shares	Stock	Capital	Earnings	Hedges(a)	Securities	Adjustments	Equity	Interests	Equity
Balance at March 31, 2025	$973	777	$1	$45,516	$3,986	$289	$(14)	$(81)	$50,670	$1,124	$51,794
Net income(b)	—	—	—	—	971	—	—	—	971	23	994
Other comprehensive income (loss)	—	—	—	—	—	10	(1)	—	9	—	9
Common stock issuances, including dividend reinvestment and employee benefits	—	1	—	56	—	—	—	—	56	—	56
Common stock dividends	—	—	—	—	(815)	—	—	—	(815)	—	(815)
Distributions to NCI in subsidiaries	—	—	—	—	—	—	—	—	—	(8)	(8)
Other	—	—	—	1	(1)	—	—	—	—	—	—
Balance at June 30, 2025	$973	778	$1	$45,573	$4,141	$299	$(15)	$(81)	$50,891	$1,139	$52,030
Balance at March 31, 2026	$973	778	$1	$47,551	$5,761	$269	$(13)	$(85)	$54,457	$2,021	$56,478
Net income(b)	—	—	—	—	1,077	—	—	—	1,077	53	1,130
Other comprehensive income (loss)	—	—	—	—	—	33	—	5	38	—	38
Common stock issuances, including employee benefits	—	2	—	25	—	—	—	—	25	—	25
Common stock dividends	—	—	—	—	(832)	—	—	—	(832)	—	(832)
Contributions from NCI in subsidiaries	—	—	—	—	—	—	—	—	—	62	62
Distributions to NCI in subsidiaries	—	—	—	—	—	—	—	—	—	(23)	(23)
Other	—	—	—	(13)	(1)	—	—	—	(14)	(1)	(15)
Balance at June 30, 2026	$973	780	$1	$47,563	$6,005	$302	$(13)	$(80)	$54,751	$2,112	$56,863

	Six Months Ended June 30, 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
	Preferred	Stock	Common	Paid-in	Retained	on	for-Sale-	OPEB	Stockholders'	Noncontrolling	Total
(in millions)	Stock	Shares	Stock	Capital	Earnings	Hedges(a)	Securities	Adjustments	Equity	Interests	Equity
Balance at December 31, 2024	$973	776	$1	$45,494	$3,431	$326	$(17)	$(81)	$50,127	$1,129	$51,256
Net income(b)	—	—	—	—	2,336	—	—	—	2,336	48	2,384
Other comprehensive income (loss)	—	—	—	—	—	(27)	2	—	(25)	—	(25)
Common stock issuances, including dividend reinvestment and employee benefits	—	2	—	78	—	—	—	—	78	—	78
Common stock dividends	—	—	—	—	(1,629)	—	—	—	(1,629)	—	(1,629)
Sale of Commercial Renewables Disposal Groups(c)	—	—	—	—	—	—	—	—	—	(18)	(18)
Distributions to NCI in subsidiaries	—	—	—	—	—	—	—	—	—	(14)	(14)
Other	—	—	—	1	3	—	—	—	4	(6)	(2)
Balance at June 30, 2025	$973	778	$1	$45,573	$4,141	$299	$(15)	$(81)	$50,891	$1,139	$52,030
Balance at December 31, 2025	$973	778	$1	$45,614	$5,056	$278	$(12)	$(68)	$51,842	$1,177	$53,019
Net income(b)	—	—	—	—	2,613	—	—	—	2,613	80	2,693
Other comprehensive income (loss)	—	—	—	—	—	24	(1)	(12)	11	—	11
Common stock issuances, including employee benefits	—	2	—	8	—	—	—	—	8	—	8
Common stock dividends	—	—	—	—	(1,664)	—	—	—	(1,664)	—	(1,664)
Sale of NCI, net of transaction costs(c)	—	—	—	1,941	—	—	—	—	1,941	824	2,765
Contributions from NCI in subsidiaries	—	—	—	—	—	—	—	—	—	62	62
Distributions to NCI in subsidiaries	—	—	—	—	—	—	—	—	—	(30)	(30)
Other	—	—	—	—	—	—	—	—	—	(1)	(1)
Balance at June 30, 2026	$973	780	$1	$47,563	$6,005	$302	$(13)	$(80)	$54,751	$2,112	$56,863

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

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

(c)See Note 2 for additional information.

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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.