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 Progress, LLC Financial Statements

FINANCIAL STATEMENTS

Three Months Ended · Nine Months Ended
	September 30,		September 30,
(in millions)	2026	2025	2026	2025
Operating Revenues	$2,242	$1,913	$6,343	$5,612
Operating Expenses
Fuel used in electric generation and purchased power	844	629	2,254	1,928
Operation, maintenance and other	386	362	1,258	1,100
Depreciation and amortization	361	373	1,143	1,049
Property and other taxes	53	54	134	159
Impairment of assets and other charges	(2)	(2)	20	(2)
Total operating expenses	1,642	1,416	4,809	4,234
Gains (Losses) on Sales of Other Assets and Other, net	—	1	1	1
Operating Income	600	498	1,535	1,379
Other Income and Expenses, net	41	55	139	142
Interest Expense	135	125	414	392
Income Before Income Taxes	506	428	1,260	1,129
Income Tax Expense	98	56	191	151
Net Income and Comprehensive Income	$408	$372	$1,069	$978

FINANCIAL STATEMENTS

(in millions)	September 30, 2026	December 31, 2025
ASSETS
Current Assets
Cash and cash equivalents	$37	$16
Receivables (net of allowance for doubtful accounts of $45 at 2026 and $38 at 2025)	1,179	952
Receivables from affiliated companies	43	104
Notes receivable from affiliated companies	478	186
Inventory	1,341	1,363
Regulatory assets (includes $70 at 2026 and 2025 related to VIEs)	742	652
Other (includes $37 at 2026 and $38 at 2025 related to VIEs)	152	95
Total current assets	3,972	3,368
Property, Plant and Equipment
Cost	47,641	45,175
Accumulated depreciation and amortization	(17,757)	(16,980)
Net property, plant and equipment	29,884	28,195
Other Noncurrent Assets
Regulatory assets (includes $1,121 at 2026 and $1,169 at 2025 related to VIEs)	4,324	4,543
Nuclear decommissioning trust funds	5,413	5,254
Operating lease right-of-use assets, net	345	386
Other	764	781
Total other noncurrent assets	10,846	10,964
Total Assets	$44,702	$42,527
LIABILITIES AND EQUITY
Current Liabilities
Accounts payable	$929	$886
Accounts payable to affiliated companies	383	398
Taxes accrued	169	167
Interest accrued	91	145
Current maturities of long-term debt (includes $55 at 2026 and $41 at 2025 related to VIEs)	902	285
Asset retirement obligations	159	194
Regulatory liabilities	346	274
Other (includes $10 at 2026 and $16 at 2025 related to VIEs)	476	370
Total current liabilities	3,455	2,719
Long-Term Debt (includes $1,169 at 2026 and $1,224 at 2025 related to VIEs)	14,064	13,461
Long-Term Debt Payable to Affiliated Companies	150	150
Other Noncurrent Liabilities
Deferred income taxes	3,076	2,642
Asset retirement obligations	3,974	4,095
Regulatory liabilities	4,170	4,807
Operating lease liabilities	344	384
Accrued pension and other post-retirement benefit costs	130	139
Investment tax credits	226	194
Other	434	326
Total other noncurrent liabilities	12,354	12,587
Commitments and Contingencies
Equity
Member's Equity	14,679	13,610
Total Liabilities and Equity	$44,702	$42,527

FINANCIAL STATEMENTS

	Nine Months Ended
	September 30,
(in millions)	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income	$1,069	$978
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization (including amortization of nuclear fuel)	1,294	1,197
Equity component of AFUDC	(90)	(70)
Impairment of assets and other charges	20	(2)
Deferred income taxes	456	315
Payments for asset retirement obligations	(141)	(127)
(Increase) decrease in
Receivables	(219)	121
Receivables from affiliated companies	61	(23)
Inventory	24	(38)
Other current assets	(102)	(223)
Increase (decrease) in
Accounts payable	(58)	(56)
Accounts payable to affiliated companies	(15)	199
Taxes accrued	3	(236)
Other current liabilities	78	(80)
Other assets	(331)	23
Other liabilities	66	92
Net cash provided by operating activities	2,115	2,070
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	(2,982)	(2,372)
Purchases of debt and equity securities	(4,985)	(3,053)
Proceeds from sales and maturities of debt and equity securities	4,985	3,052
Notes receivable from affiliated companies	(292)	(628)
Other	(159)	(138)
Net cash used in investing activities	(3,433)	(3,139)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from the issuance of long-term debt	1,291	2,615
Payments for the redemption of long-term debt	(80)	(1,228)
Notes payable to affiliated companies	—	(611)
Contributions from parent	—	300
Other	127	(1)
Net cash provided by financing activities	1,338	1,075
Net increase (decrease) in cash, cash equivalents and restricted cash	20	6
Cash, cash equivalents and restricted cash at beginning of period	61	69
Cash, cash equivalents and restricted cash at end of period	$81	$75
Supplemental Disclosures:
Significant non-cash transactions:
Accrued capital expenditures	$657	$438

FINANCIAL STATEMENTS

	Three Months Ended
	September 30, 2025 and 2026
(in millions)	Member's Equity
Balance at June 30, 2025	$12,934
Net income	372
Balance at September 30, 2025	$13,306
Balance at June 30, 2026	$14,271
Net income	408
Balance at September 30, 2026	$14,679
	Nine Months Ended
	September 30, 2025 and 2026
(in millions)	Member's Equity
Balance at December 31, 2024	$11,971
Net income	978
Contribution from parent	300
Equitization of certain intercompany balances with affiliates	57
Balance at September 30, 2025	$13,306
Balance at December 31, 2025	$13,610
Net income	1,069
Balance at September 30, 2026	$14,679

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.