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Consolidated Statements of Operations - USD ($)
shares in Millions, $ in Millions
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Operating Revenues    
Regulated electric $ 6,324 $ 5,933
Regulated natural gas 882 1,002
Nonregulated electric and other 70 76
Total operating revenues 7,276 7,011
Operating Expenses    
Operation, maintenance and other 1,310 1,548
Depreciation and amortization 1,227 1,257
Property and other taxes 389 382
Impairment of assets and other charges 8 215
Total operating expenses 5,609 5,700
Gains on Sales of Other Assets and Other, net 7 3
Operating Income 1,674 1,314
Other Income and Expenses    
Equity in earnings of unconsolidated affiliates 20 26
Other income and expenses, net 151 89
Total other income and expenses 171 115
Interest Expense 720 569
Income From Continuing Operations Before Income Taxes 1,125 860
Income Tax Expense From Continuing Operations 155 25
Income From Continuing Operations 970 835
Loss from discontinued operations, net of tax (209) (15)
Net Income 761 820
Add: Net Loss Attributable to Noncontrolling Interests 43 37
Net Income Attributable to Parent 804 857
Less: Preferred Dividends 39 39
Net Income Available to Common Stockholders $ 765 $ 818
Basic (in usd per share) $ (0.19) $ 0.02
Diluted (in usd per share) $ (0.19) $ 0.02
Other Comprehensive Income, net of tax    
Pension and OPEB adjustments [1] $ (1) $ 2
Net unrealized gain on cash flow hedges [1] (20) 113
Unrealized (losses) gains on available-for-sale securities [1] 6 (13)
Other Comprehensive Income (Loss), net of tax [1] (26) 107
Comprehensive Income 735 927
Add: Comprehensive Loss Attributable to Noncontrolling Interests (43) (29)
Comprehensive Income Attributable to Duke Energy Corporation $ 778 $ 956
Income from continuing operations available to Duke Energy Corporation common stockholders    
Diluted (in usd per share) $ 1.20 $ 1.06
Basic (in usd per share) 1.20 1.06
(Loss) Income from discontinued operations attributable to Duke Energy Corporation common stockholders    
Basic (usd per share) (0.19) 0.02
Diluted (usd per share) (0.19) 0.02
Net income available to Duke Energy Corporation common stockholders    
Basic (in usd per share) 1.01 1.08
Diluted (in usd per share) $ 1.01 $ 1.08
Weighted average shares outstanding    
Basic (in shares) 770 770
Diluted (in shares) 770 770
Fuel used in electric generation and purchased power    
Operating Expenses    
Cost of sales $ 2,377 $ 1,817
Cost of natural gas    
Operating Expenses    
Cost of sales 298 481
Duke Energy Carolinas    
Operating Revenues    
Total operating revenues 1,934 1,888
Operating Expenses    
Cost of sales 623 448
Operation, maintenance and other 440 512
Depreciation and amortization 366 379
Property and other taxes 95 93
Impairment of assets and other charges 2 3
Total operating expenses 1,526 1,435
Operating Income 408 453
Other Income and Expenses    
Total other income and expenses 59 55
Interest Expense 160 141
Income From Continuing Operations Before Income Taxes 307 367
Income Tax Expense From Continuing Operations 35 27
Net Income Attributable to Parent 272 340
Other Comprehensive Income, net of tax    
Comprehensive Income Attributable to Duke Energy Corporation 272 340
Progress Energy    
Operating Revenues    
Total operating revenues 3,048 2,992
Operating Expenses    
Cost of sales 1,191 1,064
Operation, maintenance and other 568 645
Depreciation and amortization 504 536
Property and other taxes 168 152
Impairment of assets and other charges 5  
Total operating expenses 2,436 2,397
Gains on Sales of Other Assets and Other, net 6 2
Operating Income 618 597
Other Income and Expenses    
Total other income and expenses 59 35
Interest Expense 246 211
Income From Continuing Operations Before Income Taxes 431 421
Income Tax Expense From Continuing Operations 72 67
Net Income 359 354
Other Comprehensive Income, net of tax    
Net unrealized gain on cash flow hedges   1
Unrealized (losses) gains on available-for-sale securities 2 (2)
Other Comprehensive Income (Loss), net of tax 2 (1)
Comprehensive Income 361 353
Duke Energy Progress    
Operating Revenues    
Total operating revenues 1,533 1,632
Operating Expenses    
Cost of sales 545 574
Operation, maintenance and other 350 391
Depreciation and amortization 315 306
Property and other taxes 48 49
Impairment of assets and other charges 4  
Total operating expenses 1,262 1,320
Gains on Sales of Other Assets and Other, net   1
Operating Income 271 313
Other Income and Expenses    
Total other income and expenses 29 22
Interest Expense 102 85
Income From Continuing Operations Before Income Taxes 198 250
Income Tax Expense From Continuing Operations 29 35
Net Income Attributable to Parent 169 215
Other Comprehensive Income, net of tax    
Comprehensive Income Attributable to Duke Energy Corporation 169 215
Duke Energy Florida    
Operating Revenues    
Total operating revenues 1,510 1,355
Operating Expenses    
Cost of sales 646 490
Operation, maintenance and other 213 249
Depreciation and amortization 190 231
Property and other taxes 120 103
Impairment of assets and other charges 1  
Total operating expenses 1,170 1,073
Gains on Sales of Other Assets and Other, net 1 1
Operating Income 341 283
Other Income and Expenses    
Total other income and expenses 30 15
Interest Expense 115 84
Income From Continuing Operations Before Income Taxes 256 214
Income Tax Expense From Continuing Operations 51 43
Net Income Attributable to Parent 205 171
Other Comprehensive Income, net of tax    
Unrealized (losses) gains on available-for-sale securities 2 (1)
Other Comprehensive Income (Loss), net of tax 2 (1)
Comprehensive Income Attributable to Duke Energy Corporation 207 170
Duke Energy Ohio    
Operating Revenues    
Regulated electric 474 412
Regulated natural gas 235 226
Total operating revenues 709 638
Operating Expenses    
Operation, maintenance and other 123 178
Depreciation and amortization 90 80
Property and other taxes 80 101
Total operating expenses 561 593
Operating Income 148 45
Other Income and Expenses    
Total other income and expenses 8 6
Interest Expense 36 30
Income From Continuing Operations Before Income Taxes 120 21
Income Tax Expense From Continuing Operations 20 (56)
Net Income Attributable to Parent 100 77
Other Comprehensive Income, net of tax    
Comprehensive Income Attributable to Duke Energy Corporation 100 77
Duke Energy Ohio | Fuel used in electric generation and purchased power    
Operating Expenses    
Cost of sales 176 127
Duke Energy Ohio | Cost of natural gas    
Operating Expenses    
Cost of sales 92 107
Duke Energy Indiana    
Operating Revenues    
Total operating revenues 975 822
Operating Expenses    
Cost of sales 449 319
Operation, maintenance and other 184 192
Depreciation and amortization 158 156
Property and other taxes 18 25
Impairment of assets and other charges   211
Total operating expenses 809 903
Operating Income 166 (81)
Other Income and Expenses    
Total other income and expenses 14 10
Interest Expense 52 45
Income From Continuing Operations Before Income Taxes 128 (116)
Income Tax Expense From Continuing Operations 22 (37)
Net Income Attributable to Parent 106 (79)
Other Comprehensive Income, net of tax    
Comprehensive Income Attributable to Duke Energy Corporation 106 (79)
Piedmont    
Operating Revenues    
Total operating revenues 675 805
Operating Expenses    
Cost of sales 206 374
Operation, maintenance and other 89 95
Depreciation and amortization 57 54
Property and other taxes 16 16
Total operating expenses 369 539
Operating Income 306 266
Other Income and Expenses    
Total other income and expenses 16 13
Interest Expense 40 32
Income From Continuing Operations Before Income Taxes 282 247
Income Tax Expense From Continuing Operations 50 33
Net Income 232 214
Net Income Attributable to Parent 232 214
Other Comprehensive Income, net of tax    
Comprehensive Income Attributable to Duke Energy Corporation $ 232 $ 214
[1] Net of income tax benefit of approximately $8 million and income tax expense of approximately $32 million for the three months ended March 31, 2023, and 2022, respectfully.