Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2024

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)		2024		2023
Net Income available to Duke Energy common stockholders		$	1,099	$	765
Less: Loss from discontinued operations attributable to Duke Energy common stockholders		(3)		(145)
Accumulated preferred stock dividends adjustment		12		12
Less: Impact of participating securities		2		1
Income from continuing operations available to Duke Energy common stockholders		$	1,112	$	921

Loss from discontinued operations, net of tax		$	(3)	$	(209)
Add: Loss attributable to NCI		—		64
Loss from discontinued operations attributable to Duke Energy common stockholders		$	(3)	$	(145)

Weighted average common shares outstanding – basic and diluted		771		770


EPS from continuing operations available to Duke Energy common stockholders
Basic and diluted(a)		$	1.44	$	1.20

Loss Per Share from discontinued operations attributable to Duke Energy common stockholders
Basic and diluted(a)		$	—	$	(0.19)
Potentially dilutive items excluded from the calculation(b)		2		2
Dividends declared per common share		$	1.025	$	1.005
Dividends declared on Series A preferred stock per depositary share(c)		$	0.359	$	0.359
Dividends declared on Series B preferred stock per share(d)		$	24.375	$	24.375

(a)For the periods presented subsequent to issuance in April 2023, the convertible notes were excluded from the calculations of diluted EPS because the effect was antidilutive.

(b)Performance stock awards were not included in the dilutive securities calculation because the performance measures related to the awards had not been met.

(c)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.

(d)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.