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Stockholders' Equity
3 Months Ended
Mar. 31, 2023
Equity [Abstract]  
Stockholders' Equity STOCKHOLDERS' EQUITYBasic EPS is computed by dividing net income available to Duke Energy common stockholders, as adjusted for distributed and undistributed earnings allocated to participating securities and accumulated preferred dividends, by the weighted average number of common shares outstanding during the period. Diluted EPS is computed by dividing net income available to Duke Energy common stockholders, as adjusted for distributed and undistributed earnings allocated to participating securities and accumulated preferred dividends, by the diluted weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock, such as equity forward sale agreements, were exercised or settled. Duke Energy’s participating securities are restricted stock units that are entitled to dividends declared on Duke Energy common stock during the restricted stock unit’s vesting periods. Dividends declared on preferred stock are recorded on the Condensed Consolidated Statements of Operations as a reduction of net income to arrive at net income available to Duke Energy common stockholders. Dividends accumulated on preferred stock are an adjustment to net income used in the calculation of basic and diluted EPS.
The following table presents Duke Energy’s basic and diluted EPS calculations, the weighted average number of common shares outstanding and common and preferred share dividends declared.
Three Months Ended March 31,
(in millions, except per share amounts)20232022
Net income available to Duke Energy common stockholders$765 $818 
Less: (Loss) Income from discontinued operations attributable to Duke Energy common stockholders(145)12 
Accumulated preferred stock dividends adjustment12 12 
Less: Impact of participating securities1 
Income from continuing operations available to Duke Energy common stockholders$921 $817 
Loss from discontinued operations, net of tax$(209)$(15)
Add: Loss attributable to NCI6427 
(Loss) Income from discontinued operations attributable to Duke Energy common stockholders$(145)$12 
Weighted average common shares outstanding – basic and diluted770 770 
EPS from continuing operations available to Duke Energy common stockholders
Basic and diluted$1.20 $1.06 
(Loss) Earnings Per Share from discontinued operations attributable to Duke Energy common stockholders
   Basic and diluted$(0.19)$0.02 
Potentially dilutive items excluded from the calculation(a)
2 
Dividends declared per common share$1.005 $0.985 
Dividends declared on Series A preferred stock per depositary share(b)
$0.359 $0.359 
Dividends declared on Series B preferred stock per share(c)
$24.375 $24.375 
(a)Performance stock awards were not included in the dilutive securities calculation because the performance measures related to the awards had not been met.
(b)5.75% Series A Cumulative Redeemable Perpetual Preferred Stock dividends are payable quarterly in arrears on the 16th day of March, June, September and December. The preferred stock has a $25 liquidation preference per depositary share.
(c)4.875% Series B Fixed-Rate Reset Cumulative Redeemable Perpetual Preferred Stock dividends are payable semiannually in arrears on the 16th day of March and September. The preferred stock has a $1,000 liquidation preference per share.