DUKE ENERGY FLORIDA, LLC
For the period ended Sep 30, 2026. Filed Nov 5, 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.
Sep 30, 2026 · Filed Nov 5, 2026
DUK$128.94+0.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Duke Energy Corporation Financial Statements
Condensed Consolidated Statements of Operations
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (in millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 |
| Operating Revenues | ||||
| Regulated electric | $8,677 | $8,106 | $23,583 | $22,138 |
| Regulated natural gas | 358 | 361 | 2,073 | 1,928 |
| Nonregulated electric and other | 69 | 75 | 218 | 233 |
| Total operating revenues | 9,104 | 8,542 | 25,874 | 24,299 |
| Operating Expenses | ||||
| Fuel used in electric generation and purchased power | 2,738 | 2,289 | 7,072 | 6,266 |
| Cost of natural gas | 117 | 110 | 772 | 642 |
| Operation, maintenance and other | 1,373 | 1,762 | 4,510 | 4,916 |
| Depreciation and amortization | 1,709 | 1,626 | 5,098 | 4,721 |
| Property and other taxes | 433 | 438 | 1,259 | 1,281 |
| Impairment of assets and other charges | (2) | — | 47 | 3 |
| Total operating expenses | 6,368 | 6,225 | 18,758 | 17,829 |
| Gains (Losses) on Sales of Other Assets and Other, net | 11 | 17 | 405 | 37 |
| Operating Income | 2,747 | 2,334 | 7,521 | 6,507 |
| Other Income and Expenses | ||||
| Equity in earnings (losses) of unconsolidated affiliates | 22 | 16 | 39 | 38 |
| Other income and expenses, net | 147 | 182 | 483 | 497 |
| Total other income and expenses | 169 | 198 | 522 | 535 |
| Interest Expense | 967 | 902 | 2,892 | 2,688 |
| Income From Continuing Operations Before Income Taxes | 1,949 | 1,630 | 5,151 | 4,354 |
| Income Tax Expense From Continuing Operations | 299 | 176 | 792 | 488 |
| Income From Continuing Operations | 1,650 | 1,454 | 4,359 | 3,866 |
| Income (Loss) From Discontinued Operations, net of tax | — | — | 13 | (1) |
| Net Income | 1,650 | 1,454 | 4,372 | 3,865 |
| Less: Net Income Attributable to NCI | 85 | 33 | 165 | 81 |
| Net Income Attributable to Duke Energy Corporation | 1,565 | 1,421 | 4,207 | 3,784 |
| Less: Preferred Dividends | 14 | 14 | 43 | 41 |
| Net Income Available to Duke Energy Corporation Common Stockholders | $1,551 | $1,407 | $4,164 | $3,743 |
| Earnings Per Share – Basic and Diluted | ||||
| Income from continuing operations available to Duke Energy Corporation common stockholders | ||||
| Basic and Diluted | $1.99 | $1.81 | $5.32 | $4.81 |
| 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 | $1.99 | $1.81 | $5.34 | $4.81 |
| Weighted Average Shares Outstanding | ||||
| Basic and Diluted | 780 | 778 | 779 | 777 |
FINANCIAL STATEMENTS
Condensed Consolidated Statements of Comprehensive Income
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (in millions) | 2026 | 2025 | 2026 | 2025 |
| Net Income | $1,650 | $1,454 | $4,372 | $3,865 |
| Other Comprehensive Income (Loss), net of tax(a) | ||||
| Pension and OPEB adjustments | 3 | 1 | (9) | 1 |
| Net unrealized gains (losses) on cash flow hedges | 98 | (20) | 106 | (24) |
| Reclassification into earnings from cash flow hedges | (2) | (2) | (6) | 10 |
| Net unrealized gains (losses) on fair value hedges | — | (6) | 20 | (41) |
| Net unrealized gains (losses) on available-for-sale securities | (10) | 2 | (11) | 4 |
| Other Comprehensive Income (Loss), net of tax | 89 | (25) | 100 | (50) |
| Comprehensive Income | 1,739 | 1,429 | 4,472 | 3,815 |
| Less: Comprehensive Income Attributable to NCI | 85 | 33 | 165 | 81 |
| Comprehensive Income Attributable to Duke Energy | 1,654 | 1,396 | 4,307 | 3,734 |
| Less: Preferred Dividends | 14 | 14 | 43 | 41 |
| Comprehensive Income Available to Duke Energy Corporation Common Stockholders | $1,640 | $1,382 | $4,264 | $3,693 |
(a)Net of income tax expense of $27 millionand income tax benefit of $7 million for thethree months ended September 30, 2026, and 2025 and income tax expense of $30 million and income tax benefit of $15 million for the nine months ended September 30, 2026, and 2025, respectively.
FINANCIAL STATEMENTS
| (in millions) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $451 | $245 |
| Receivables (net of allowance for doubtful accounts of $213 at 2026 and $194 at 2025) | 4,994 | 4,230 |
| Inventory (includes $1,137 at 2026 and $669 at 2025 related to VIEs) | 4,734 | 4,569 |
| Regulatory assets (includes $205 at 2026 and $204 at 2025 related to VIEs) | 2,563 | 1,934 |
| Assets held for sale | — | 109 |
| Other (includes $86 at 2026 and $88 at 2025 related to VIEs) | 644 | 526 |
| Total current assets | 13,386 | 11,613 |
| Property, Plant and Equipment | ||
| Cost (includes $6,188 at 2026 and $2,913 at 2025 related to VIEs) | 200,880 | 190,409 |
| Accumulated depreciation and amortization (includes ($164) at 2026 and ($89) at 2025 related to VIEs) | (63,127) | (60,450) |
| Net property, plant and equipment | 137,753 | 129,959 |
| Other Noncurrent Assets | ||
| Goodwill | 19,010 | 19,010 |
| Regulatory assets (includes $2,970 at 2026 and $3,108 at 2025 related to VIEs) | 14,355 | 14,379 |
| Nuclear decommissioning trust funds | 13,281 | 12,889 |
| Operating lease right-of-use assets, net | 1,189 | 1,241 |
| Investments in equity method unconsolidated affiliates | 350 | 330 |
| Assets held for sale | — | 2,148 |
| Other | 4,539 | 4,167 |
| Total other noncurrent assets | 52,724 | 54,164 |
| Total Assets | $203,863 | $195,736 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable (includes $374 at 2026 and $296 at 2025 related to VIEs) | $5,018 | $5,223 |
| Notes payable and commercial paper | 2,341 | 2,624 |
| Taxes accrued | 1,160 | 975 |
| Interest accrued | 842 | 922 |
| Current maturities of long-term debt (includes $167 at 2026 and $118 at 2025 related to VIEs) | 6,116 | 7,104 |
| Asset retirement obligations | 462 | 579 |
| Regulatory liabilities | 1,365 | 1,271 |
| Liabilities associated with assets held for sale | — | 84 |
| Other | 2,341 | 2,265 |
| Total current liabilities | 19,645 | 21,047 |
| Long-Term Debt (includes $3,136 at 2026 and $3,308 at 2025 related to VIEs) | 84,332 | 80,108 |
| Other Noncurrent Liabilities | ||
| Deferred income taxes | 13,740 | 12,377 |
| Asset retirement obligations | 8,870 | 9,046 |
| Regulatory liabilities | 15,410 | 15,682 |
| Operating lease liabilities | 991 | 1,033 |
| Accrued pension and other post-retirement benefit costs | 340 | 396 |
| Investment tax credits | 1,019 | 969 |
| Liabilities associated with assets held for sale | — | 170 |
| Other | 1,974 | 1,889 |
| Total other noncurrent liabilities | 42,344 | 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 | 47,397 | 45,614 |
| Retained earnings | 6,708 | 5,056 |
| Accumulated other comprehensive income (loss) | 298 | 198 |
| Total Duke Energy Corporation stockholders' equity | 55,377 | 51,842 |
| Noncontrolling Interests | 2,165 | 1,177 |
| Total equity | 57,542 | 53,019 |
| Total Liabilities and Equity | $203,863 | $195,736 |
FINANCIAL STATEMENTS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income | $4,372 | $3,865 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, amortization and accretion (including amortization of nuclear fuel) | 5,532 | 5,744 |
| Equity component of AFUDC | (286) | (236) |
| Gain on sale of Piedmont's Tennessee business | (368) | — |
| (Gains) losses on sales of other assets | (37) | (37) |
| Impairment of assets and other charges | 47 | 3 |
| Deferred income taxes | 1,456 | 940 |
| Equity in (earnings) losses of unconsolidated affiliates | (39) | (38) |
| Payments for asset retirement obligations | (381) | (374) |
| (Increase) decrease in | ||
| Receivables | (556) | 83 |
| Inventory | (151) | 15 |
| Other current assets | (259) | (456) |
| Increase (decrease) in | ||
| Accounts payable | (341) | (1,308) |
| Taxes accrued | 205 | 295 |
| Other current liabilities | (180) | (224) |
| Other assets | (1,312) | (40) |
| Other liabilities | 187 | 440 |
| Net cash provided by operating activities | 7,889 | 8,672 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (12,566) | (9,881) |
| Purchases of debt and equity securities | (12,816) | (7,096) |
| Proceeds from sales and maturities of debt and equity securities | 12,837 | 7,200 |
| 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 | (780) | (758) |
| Net cash used in investing activities | (10,824) | (9,976) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from the: | ||
| Issuance of long-term debt | 9,554 | 9,432 |
| Issuance of common stock | — | 16 |
| Payments for the redemption of long-term debt | (6,412) | (4,626) |
| 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 | (253) | (819) |
| Contributions from NCI | 2,839 | — |
| Dividends paid | (2,555) | (2,455) |
| Other | 85 | 79 |
| Net cash provided by financing activities | 3,130 | 1,622 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 195 | 318 |
| Cash, cash equivalents and restricted cash at beginning of period | 363 | 421 |
| Cash, cash equivalents and restricted cash at end of period | $558 | $739 |
| Supplemental Disclosures: | ||
| Significant non-cash transactions: | ||
| Accrued capital expenditures | $2,606 | $2,090 |
FINANCIAL STATEMENTS
| Three Months Ended September 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 June 30, 2025 | $973 | 778 | $1 | $45,573 | $4,141 | $299 | $(15) | $(81) | $50,891 | $1,139 | $52,030 |
| Net income(b) | — | — | — | — | 1,407 | — | — | — | 1,407 | 33 | 1,440 |
| Other comprehensive income (loss) | — | — | — | — | — | (28) | 2 | 1 | (25) | — | (25) |
| Common stock issuances, including dividend reinvestment and employee benefits | — | — | — | 20 | — | — | — | — | 20 | — | 20 |
| Common stock dividends | — | — | — | — | (831) | — | — | — | (831) | — | (831) |
| Distributions to NCI in subsidiaries | — | — | — | — | — | — | — | — | — | (7) | (7) |
| Other | — | — | — | (1) | 1 | — | — | — | — | — | — |
| Balance at September 30, 2025 | $973 | 778 | $1 | $45,592 | $4,718 | $271 | $(13) | $(80) | $51,462 | $1,165 | $52,627 |
| Balance at June 30, 2026 | $973 | 780 | $1 | $47,563 | $6,005 | $302 | $(13) | $(80) | $54,751 | $2,112 | $56,863 |
| Net income(b) | — | — | — | — | 1,551 | — | — | — | 1,551 | 85 | 1,636 |
| Other comprehensive income (loss) | — | — | — | — | — | 96 | (10) | 3 | 89 | — | 89 |
| Common stock issuances, including employee benefits | — | — | — | 23 | — | — | — | — | 23 | — | 23 |
| Purchase contracts(c) | — | — | — | (189) | — | — | — | — | (189) | — | (189) |
| Common stock dividends | — | — | — | — | (848) | — | — | — | (848) | — | (848) |
| Contributions from NCI in subsidiaries | — | — | — | — | — | — | — | — | — | 12 | 12 |
| Distributions to NCI in subsidiaries | — | — | — | — | — | — | — | — | — | (44) | (44) |
| Balance at September 30, 2026 | $973 | 780 | $1 | $47,397 | $6,708 | $398 | $(23) | $(77) | $55,377 | $2,165 | $57,542 |
| Nine Months Ended September 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) | — | — | — | — | 3,743 | — | — | — | 3,743 | 81 | 3,824 | ||||||
| Other comprehensive income (loss) | — | — | — | — | — | (55) | 4 | 1 | (50) | — | (50) | ||||||
| Common stock issuances, including dividend reinvestment and employee benefits | — | 2 | — | 98 | — | — | — | — | 98 | — | 98 | ||||||
| Common stock dividends | — | — | — | — | (2,460) | — | — | — | (2,460) | — | (2,460) | ||||||
| Sale of Commercial Renewables Disposal Groups(d) | — | — | — | — | — | — | — | — | — | (18) | (18) | ||||||
| Distributions to NCI in subsidiaries | — | — | — | — | — | — | — | — | — | (21) | (21) | ||||||
| Other | — | — | — | — | 4 | — | — | — | 4 | (6) | (2) | ||||||
| Balance at September 30, 2025 | $973 | 778 | $1 | $45,592 | $4,718 | $271 | $(13) | $(80) | $51,462 | $1,165 | $52,627 | ||||||
| Balance at December 31, 2025 | $973 | 778 | $1 | $45,614 | $5,056 | $278 | $(12) | $(68) | $51,842 | $1,177 | $53,019 | ||||||
| Net income(b) | — | — | — | — | 4,164 | — | — | — | 4,164 | 165 | 4,329 | ||||||
| Other comprehensive income (loss) | — | — | — | — | — | 120 | (11) | (9) | 100 | — | 100 | ||||||
| Common stock issuances, including employee benefits | — | 2 | — | 31 | — | — | — | — | 31 | — | 31 | ||||||
| Purchase contracts(c) | — | — | — | (189) | — | — | — | (189) | — | (189) | |||||||
| Common stock dividends | — | — | — | — | (2,512) | — | — | — | (2,512) | — | (2,512) | ||||||
| Sale of NCI, net of transaction costs(d) | — | — | — | 1,941 | — | — | — | — | 1,941 | 824 | 2,765 | ||||||
| Contributions from NCI in subsidiaries | — | — | — | — | — | — | — | — | — | 74 | 74 | ||||||
| Distributions to NCI in subsidiaries | — | — | — | — | — | — | — | — | — | (74) | (74) | ||||||
| Other | — | — | — | — | — | — | — | — | — | (1) | (1) | ||||||
| Balance at September 30, 2026 | $973 | 780 | $1 | $47,397 | $6,708 | $398 | $(23) | $(77) | $55,377 | $2,165 | $57,542 | ||||||
(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 6 for additional information.
(d)See Note 2 for additional information.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.