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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Piedmont Natural Gas Company, Inc. Financial Statements
FINANCIAL STATEMENTS
| Three Months Ended · Nine Months Ended | ||||
|---|---|---|---|---|
| September 30, | September 30, | |||
| (in millions) | 2026 | 2025 | 2026 | 2025 |
| Operating Revenues | ||||
| Regulated natural gas | $253 | $265 | $1,538 | $1,443 |
| Nonregulated natural gas and other | 6 | 6 | 20 | 20 |
| Total operating revenues | $259 | $271 | $1,558 | $1,463 |
| Operating Expenses | ||||
| Cost of natural gas | 102 | 98 | 603 | 494 |
| Operation, maintenance and other | 82 | 102 | 265 | 301 |
| Depreciation and amortization | 69 | 69 | 212 | 210 |
| Property and other taxes | 13 | 19 | 43 | 56 |
| Total operating expenses | 266 | 288 | 1,123 | 1,061 |
| Gains (Losses) on Sales of Other Assets and Other, net | — | — | 652 | — |
| Operating Income (Loss) | (7) | (17) | 1,087 | 402 |
| Other Income and Expenses | ||||
| Equity in earnings (losses) of unconsolidated affiliates | 2 | 3 | 4 | 6 |
| Other income and expenses, net | 11 | 12 | 35 | 34 |
| Total other income and expenses | 13 | 15 | 39 | 40 |
| Interest Expense | 44 | 48 | 133 | 143 |
| Income (Loss) Before Income Taxes | (38) | (50) | 993 | 299 |
| Income Tax Expense (Benefit) | (9) | (12) | 249 | 56 |
| Net Income (Loss) | $(29) | $(38) | $744 | $243 |
| Other Comprehensive Income (Loss), net of tax | ||||
| Pension and OPEB adjustments | 1 | — | (13) | — |
| Comprehensive Income (Loss) | $(28) | $(38) | $731 | $243 |
FINANCIAL STATEMENTS
| (in millions) | September 30, 2026 | December 31, 2025 |
|---|---|---|
| ASSETS | ||
| Current Assets | ||
| Cash and cash equivalents | $1 | $1 |
| Receivables (net of allowance for doubtful accounts of $9 at 2026 and $6 at 2025) | 160 | 390 |
| Receivables from affiliated companies | 26 | 8 |
| Inventory | 52 | 77 |
| Assets held for sale | — | 109 |
| Regulatory assets | 74 | 106 |
| Other | 37 | 8 |
| Total current assets | 350 | 699 |
| Property, Plant and Equipment | ||
| Cost | 11,867 | 11,325 |
| Accumulated depreciation and amortization | (2,227) | (2,168) |
| Net property, plant and equipment | 9,640 | 9,157 |
| Other Noncurrent Assets | ||
| Goodwill | 39 | 39 |
| Regulatory assets | 290 | 350 |
| Operating lease right-of-use assets, net | 1 | 2 |
| Investments in equity method unconsolidated affiliates | 76 | 76 |
| Assets held for sale | — | 1,864 |
| Other | 293 | 283 |
| Total other noncurrent assets | 699 | 2,614 |
| Total Assets | $10,689 | $12,470 |
| LIABILITIES AND EQUITY | ||
| Current Liabilities | ||
| Accounts payable | $230 | $286 |
| Accounts payable to affiliated companies | 46 | 90 |
| Notes payable to affiliated companies | 498 | 609 |
| Taxes accrued | 58 | 106 |
| Interest accrued | 48 | 41 |
| Current maturities of long-term debt | 340 | 490 |
| Liabilities associated with assets held for sale | — | 66 |
| Regulatory liabilities | 51 | 20 |
| Other | 76 | 81 |
| Total current liabilities | 1,347 | 1,789 |
| Long-Term Debt | 3,462 | 3,761 |
| Other Noncurrent Liabilities | ||
| Deferred income taxes | 903 | 1,071 |
| Asset retirement obligations | 26 | 25 |
| Regulatory liabilities | 784 | 802 |
| Operating lease liabilities | 1 | 2 |
| Accrued pension and other post-retirement benefit costs | 6 | 7 |
| Liabilities associated with assets held for sale | — | 170 |
| Other | 75 | 89 |
| Total other noncurrent liabilities | 1,795 | 2,166 |
| Commitments and Contingencies | ||
| Equity | ||
| Common stock, no par value: 100 shares authorized and outstanding at 2026 and 2025 | 1,635 | 1,635 |
| Retained earnings | 2,462 | 3,118 |
| Accumulated other comprehensive income (loss) | (13) | — |
| Total Piedmont Natural Gas Company, Inc. stockholder's equity | 4,084 | 4,753 |
| Noncontrolling Interests | 1 | 1 |
| Total equity | 4,085 | 4,754 |
| Total Liabilities and Equity | $10,689 | $12,470 |
FINANCIAL STATEMENTS
| Nine Months Ended | ||
|---|---|---|
| September 30, | ||
| (in millions) | 2026 | 2025 |
| CASH FLOWS FROM OPERATING ACTIVITIES | ||
| Net income (loss) | $744 | $243 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 214 | 212 |
| Equity component of AFUDC | (14) | (13) |
| Gain on sale of Piedmont's Tennessee business | (652) | — |
| Deferred income taxes | (196) | 46 |
| Equity in (earnings) losses of unconsolidated affiliates | (4) | (6) |
| (Increase) decrease in | ||
| Receivables | 253 | 217 |
| Receivables from affiliated companies | (18) | 7 |
| Inventory | 29 | 13 |
| Other current assets | (20) | (49) |
| Increase (decrease) in | ||
| Accounts payable | (123) | (44) |
| Accounts payable to affiliated companies | (44) | 20 |
| Taxes accrued | (48) | (27) |
| Other current liabilities | 36 | (51) |
| Other assets | 45 | (7) |
| Other liabilities | (18) | (4) |
| Net cash provided by operating activities | 184 | 557 |
| CASH FLOWS FROM INVESTING ACTIVITIES | ||
| Capital expenditures | (696) | (595) |
| Proceeds from the sale of Piedmont's Tennessee business | 2,501 | — |
| Other | (27) | (24) |
| Net cash provided by (used in) investing activities | 1,778 | (619) |
| CASH FLOWS FROM FINANCING ACTIVITIES | ||
| Proceeds from the issuance of long-term debt | — | 450 |
| Payments for the redemption of long-term debt | (450) | (150) |
| Notes payable to affiliated companies | (111) | (197) |
| Dividends to parent | (1,400) | (40) |
| Other | (1) | (1) |
| Net cash (used in) provided by financing activities | (1,962) | 62 |
| Net increase (decrease) in cash and cash equivalents | — | — |
| Cash and cash equivalents at beginning of period | 1 | 2 |
| Cash and cash equivalents at end of period | $1 | $2 |
| Supplemental Disclosures: | ||
| Significant non-cash transactions: | ||
| Accrued capital expenditures | $160 | $129 |
FINANCIAL STATEMENTS
| Three Months Ended September 30, 2025 and 2026 | ||||||
|---|---|---|---|---|---|---|
| Accumulated | ||||||
| Other | ||||||
| Comprehensive · Total | ||||||
| Income (Loss) · Piedmont | ||||||
| Pension and · Natural Gas | ||||||
| Common | Retained | OPEB | Company, Inc. | Noncontrolling | Total | |
| (in millions) | Stock | Earnings | Adjustments | Equity | Interests | Equity |
| Balance at June 30, 2025 | $1,635 | $3,000 | $— | $4,635 | $1 | $4,636 |
| Net income (loss) | — | (38) | — | (38) | — | (38) |
| Dividends to parent | — | (40) | — | (40) | — | (40) |
| Balance at September 30, 2025 | $1,635 | $2,922 | $— | $4,557 | $1 | $4,558 |
| Balance at June 30, 2026 | $1,635 | $2,491 | $(14) | $4,112 | $1 | $4,113 |
| Net income (loss) | — | (29) | — | (29) | — | (29) |
| Other comprehensive income (loss) | — | — | 1 | 1 | — | 1 |
| Balance at September 30, 2026 | $1,635 | $2,462 | $(13) | $4,084 | $1 | $4,085 |
| Nine Months Ended September 30, 2025 and 2026 | ||||||
| Accumulated | ||||||
| Other | ||||||
| Comprehensive · Total | ||||||
| Income (Loss) · Piedmont | ||||||
| Pension and · Natural Gas | ||||||
| Common | Retained | OPEB | Company, Inc. | Noncontrolling | Total | |
| (in millions) | Stock | Earnings | Adjustments | Equity | Interests | Equity |
| Balance at December 31, 2024 | $1,635 | $2,718 | $— | $4,353 | $1 | $4,354 |
| Net income (loss) | — | 243 | — | 243 | — | 243 |
| Dividends to parent | — | (40) | — | (40) | — | (40) |
| Other | — | 1 | — | 1 | — | 1 |
| Balance at September 30, 2025 | $1,635 | $2,922 | $— | $4,557 | $1 | $4,558 |
| Balance at December 31, 2025 | $1,635 | $3,118 | $— | $4,753 | $1 | $4,754 |
| Net income (loss) | — | 744 | — | 744 | — | 744 |
| Other comprehensive income (loss) | — | — | (13) | (13) | — | (13) |
| Dividends to parent | — | (1,400) | — | (1,400) | — | (1,400) |
| Balance at September 30, 2026 | $1,635 | $2,462 | $(13) | $4,084 | $1 | $4,085 |
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