DUKE ENERGY FLORIDA, LLC

For the period ended Sep 30, 2026. Filed Nov 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.

Sep 30, 2026 · Filed Nov 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 · Nine Months Ended
	September 30,		September 30,
(in millions)	2026	2025	2026	2025
Operating Revenues
Regulated electric	$591	$561	$1,661	$1,546
Regulated natural gas	127	118	601	553
Total operating revenues	718	679	2,262	2,099
Operating Expenses
Fuel used in electric generation and purchased power	178	175	496	485
Cost of natural gas	15	12	169	148
Operation, maintenance and other	140	127	414	366
Depreciation and amortization	120	120	355	353
Property and other taxes	116	109	341	326
Total operating expenses	569	543	1,775	1,678
Gains (Losses) on Sales of Other Assets and Other, net	2	—	2	—
Operating Income	151	136	489	421
Other Income and Expenses, net	4	7	14	18
Interest Expense	54	52	159	150
Income Before Income Taxes	101	91	344	289
Income Tax Expense	17	13	63	47
Net Income and Comprehensive Income	$84	$78	$281	$242

FINANCIAL STATEMENTS

(in millions)	September 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$13	$18
Receivables (net of allowance for doubtful accounts of $47 at 2026 and $51 at 2025)	457	473
Receivables from affiliated companies	29	12
Notes receivable from affiliated companies	—	111
Inventory	242	187
Regulatory assets	120	86
Other	35	37
Total current assets	896	924
Property, Plant and Equipment
Cost	15,113	14,627
Accumulated depreciation and amortization	(3,916)	(3,812)
Net property, plant and equipment	11,197	10,815
Other Noncurrent Assets
Goodwill	920	920
Regulatory assets	692	686
Operating lease right-of-use assets, net	5	5
Other	126	96
Total other noncurrent assets	1,743	1,707
Total Assets	$13,836	$13,446
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$383	$333
Accounts payable to affiliated companies	69	91
Notes payable to affiliated companies	122	13
Taxes accrued	327	377
Interest accrued	56	51
Current maturities of long-term debt	77	45
Asset retirement obligations	6	6
Regulatory liabilities	89	57
Other	112	77
Total current liabilities	1,241	1,050
Long-Term Debt	4,376	4,350
Long-Term Debt Payable to Affiliated Companies	25	25
Other Noncurrent Liabilities
Deferred income taxes	1,417	1,341
Asset retirement obligations	157	129
Regulatory liabilities	451	470
Operating lease liabilities	4	5
Accrued pension and other post-retirement benefit costs	89	88
Other	97	90
Total other noncurrent liabilities	2,215	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	1,998	1,917
Total equity	5,979	5,898
Total Liabilities and Equity	$13,836	$13,446

FINANCIAL STATEMENTS

	Nine Months Ended
	September 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$281	$242
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	359	356
Equity component of AFUDC	(11)	(12)
Deferred income taxes	55	(14)
Payments for asset retirement obligations	(4)	(4)
(Increase) decrease in
Receivables	17	15
Receivables from affiliated companies	(17)	—
Inventory	(55)	1
Other current assets	(33)	37
Increase (decrease) in
Accounts payable	34	(24)
Accounts payable to affiliated companies	(22)	21
Taxes accrued	(50)	(57)
Other current liabilities	67	56
Other assets	(25)	(29)
Other liabilities	6	32
Net cash provided by operating activities	602	620
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(619)	(709)
Notes receivable from affiliated companies	111	(139)
Other	(62)	(65)
Net cash used in investing activities	(570)	(913)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	99	496
Payments for the redemption of long-term debt	(45)	(150)
Notes payable to affiliated companies	110	(162)
Contributions from parent	—	100
Dividends to parent	(200)	—
Other	(1)	(1)
Net cash (used in) provided by financing activities	(37)	283
Net increase (decrease) in cash and cash equivalents	(5)	(10)
Cash and cash equivalents at beginning of period	18	24
Cash and cash equivalents at end of period	$13	$14
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$111	$87

FINANCIAL STATEMENTS

	Three Months Ended September 30, 2025 and 2026
Additional
	Common	Paid-in	Retained	Total
(in millions)	Stock	Capital	Earnings	Equity
Balance at June 30, 2025	$762	$3,119	$1,743	$5,624
Net income	—	—	78	78
Contributions from parent	—	100	—	100
Balance at September 30, 2025	$762	$3,219	$1,821	$5,802
Balance at June 30, 2026	$762	$3,219	$2,114	$6,095
Net income	—	—	84	84
Dividends to parent	—	—	(200)	(200)
Balance at September 30, 2026	$762	$3,219	$1,998	$5,979
	Nine Months Ended September 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	—	—	242	242
Contributions from parent	—	100	—	100
Other	—	1	—	1
Balance at September 30, 2025	$762	$3,219	$1,821	$5,802
Balance at December 31, 2025	$762	$3,219	$1,917	$5,898
Net income	—	—	281	281
Dividends to parent	—	—	(200)	(200)
Balance at September 30, 2026	$762	$3,219	$1,998	$5,979

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.