Duke Energy Posts Strong Q3 Earnings, Driven by Regulated Growth
| Field | Detail |
|---|---|
| Company | Duke Energy Florida, LLC |
| Form Type | 10-Q |
| Filed Date | Nov 7, 2025 |
| Risk Level | medium |
| Pages | 15 |
| Reading Time | 17 min |
| Key Dollar Amounts | $0.001 |
| Sentiment | bullish |
Sentiment: bullish
Topics: Utilities, Earnings Report, Regulated Electric, Net Income Growth, Operating Revenues, Q3 2025, Financial Performance
Related Tickers: DUK
TL;DR
**Duke Energy's Q3 numbers are solid, showing regulated power is a cash cow even with rising costs – buy the dip if you see one.**
AI Summary
Duke Energy Corporation reported a robust financial performance for the three and nine months ended September 30, 2025. Total operating revenues increased to $8,542 million for the three months ended September 30, 2025, up from $8,154 million in the prior year, representing a 4.76% increase. For the nine-month period, total operating revenues rose to $24,299 million from $22,997 million, an increase of 5.66%. Net income attributable to Duke Energy Corporation common stockholders saw a significant jump, reaching $1,407 million for the three-month period, a 14.76% increase from $1,226 million in 2024. The nine-month net income available to common stockholders was $3,743 million, up 16.56% from $3,211 million in 2024. This growth was primarily driven by increased regulated electric revenues, which climbed to $8,106 million for the quarter and $22,138 million for the nine months. Operating expenses also increased, with operation, maintenance and other costs rising to $1,762 million for the quarter, up from $1,409 million. Interest expense also increased to $902 million for the quarter, up from $872 million. The company's strategic outlook appears positive, supported by strong regulated segment performance, despite rising operational costs and interest expenses.
Why It Matters
This strong performance from Duke Energy, particularly in its regulated electric segment, signals stability and growth potential for investors in the utility sector. Increased revenues and net income suggest effective rate recovery and demand, which could lead to consistent dividend payouts and capital appreciation. For customers, this indicates continued investment in infrastructure, but also potentially higher rates to cover rising operational costs and interest expenses. In the broader market, Duke Energy's results reflect the resilience of regulated utilities against economic fluctuations, offering a defensive play for portfolios. Competitively, Duke Energy's ability to grow revenues and manage expenses in a rising interest rate environment positions it favorably against peers facing similar cost pressures.
Risk Assessment
Risk Level: medium — The risk level is medium due to increasing operating expenses, specifically 'Operation, maintenance and other' which rose to $1,762 million for the three months ended September 30, 2025, from $1,409 million in 2024. Additionally, 'Interest Expense' increased to $902 million from $872 million in the same period. While revenues are growing, these rising costs could compress margins if not effectively managed or recovered through regulatory mechanisms.
Analyst Insight
Investors should consider holding Duke Energy, given its strong regulated revenue growth and increased net income. Monitor future filings for trends in operating expenses and interest rates, as these are key factors impacting profitability. The company's ability to pass through costs via regulated rates will be crucial for sustained performance.
Financial Highlights
- revenue
- $8.54B
- total Assets
- $192.29B
- total Debt
- $82.19B
- net Income
- $1.41B
- eps
- $1.81
- cash Position
- $688M
- revenue Growth
- +4.76%
Revenue Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Regulated electric | $8,106M | +4.01% |
| Regulated natural gas | $361M | +21.14% |
| Nonregulated electric and other | $75M | -7.41% |
Key Numbers
- $8.54B — Total Operating Revenues (Increased by 4.76% from $8.15B in Q3 2024 to $8.54B in Q3 2025.)
- $1.41B — Net Income Available to Common Stockholders (Increased by 14.76% from $1.23B in Q3 2024 to $1.41B in Q3 2025.)
- $1.81 — Basic and Diluted EPS (Increased from $1.57 in Q3 2024 to $1.81 in Q3 2025.)
- $22.14B — Regulated Electric Revenues (9 months) (Increased from $21.25B in 2024 to $22.14B in 2025.)
- $1.76B — Operation, Maintenance and Other Expenses (Increased from $1.41B in Q3 2024 to $1.76B in Q3 2025.)
- $902M — Interest Expense (Increased from $872M in Q3 2024 to $902M in Q3 2025.)
Key Players & Entities
- Duke Energy Corporation (company) — Parent company and primary registrant
- Duke Energy Florida, LLC (company) — Subsidiary registrant filing the 10-Q
- $8,542 million (dollar_amount) — Total operating revenues for Q3 2025
- $8,154 million (dollar_amount) — Total operating revenues for Q3 2024
- $1,407 million (dollar_amount) — Net income available to common stockholders for Q3 2025
- $1,226 million (dollar_amount) — Net income available to common stockholders for Q3 2024
- $1,762 million (dollar_amount) — Operation, maintenance and other expenses for Q3 2025
- $902 million (dollar_amount) — Interest expense for Q3 2025
- SEC (regulator) — Securities and Exchange Commission
- Bloomberg (company) — Financial news and data provider
FAQ
What were Duke Energy Florida's total operating revenues for the third quarter of 2025?
Duke Energy Florida, LLC, as part of the Duke Energy Registrants, reported total operating revenues of $8,542 million for the three months ended September 30, 2025, an increase from $8,154 million in the same period of 2024.
How did Duke Energy Corporation's net income attributable to common stockholders change in Q3 2025?
Net income attributable to Duke Energy Corporation common stockholders increased to $1,407 million for the three months ended September 30, 2025, up from $1,226 million in the prior year, representing a 14.76% increase.
What were the key drivers of revenue growth for Duke Energy in the nine months ended September 30, 2025?
For the nine months ended September 30, 2025, Duke Energy's total operating revenues grew to $24,299 million, primarily driven by regulated electric revenues which increased to $22,138 million from $21,253 million in the prior year.
What were Duke Energy's operating expenses for operation, maintenance and other in Q3 2025?
Operating expenses for operation, maintenance and other for Duke Energy were $1,762 million for the three months ended September 30, 2025, an increase from $1,409 million in the same period of 2024.
How much did Duke Energy's interest expense increase in the third quarter of 2025?
Duke Energy's interest expense increased to $902 million for the three months ended September 30, 2025, compared to $872 million for the same period in 2024.
What is the earnings per share (EPS) for Duke Energy Corporation for Q3 2025?
The basic and diluted earnings per share for income from continuing operations available to Duke Energy Corporation common stockholders was $1.81 for the three months ended September 30, 2025, up from $1.57 in Q3 2024.
Is Duke Energy Florida a large accelerated filer?
Yes, Duke Energy Florida, LLC is indicated as a Large Accelerated Filer in the Form 10-Q, meaning it meets specific criteria for market capitalization and filing history.
What is the primary business of Duke Energy Florida, LLC?
Duke Energy Florida, LLC is a Florida limited liability company, and as part of the Duke Energy Registrants, its primary business involves regulated electric utilities and infrastructure, serving customers in Florida.
What are some key risks identified in Duke Energy's 10-Q filing?
Key risks include the ability to recover eligible costs through rate case proceedings, the extent and timing of costs related to coal ash remediation, and the impact of extraordinary external events like supply chain disruptions, as detailed in the 'Cautionary Statement Regarding Forward-Looking Information'.
How many shares of common stock were outstanding for Duke Energy Corporation as of October 31, 2025?
As of October 31, 2025, Duke Energy Corporation had 777,661,224 shares of common stock, $0.001 par value, outstanding.
Risk Factors
- Changes in Laws and Regulations [high — regulatory]: The company is subject to extensive federal, state, and local laws and regulations. Changes in environmental regulations, energy policy, or other governmental requirements could increase operating costs or require significant capital expenditures, impacting financial performance.
- Infrastructure Reliability and Security [high — operational]: The company's operations depend on the reliability and security of its physical infrastructure. Extreme weather events, cyberattacks, or physical security breaches could disrupt service, leading to significant financial losses and reputational damage.
- Interest Rate Fluctuations [medium — financial]: Interest expense increased to $902 million for the quarter ended September 30, 2025, up from $872 million in the prior year. Rising interest rates can increase the cost of debt financing, impacting profitability.
- Commodity Price Volatility [medium — market]: The cost of fuel used in electric generation and purchased power was $2,289 million for the quarter, down from $2,644 million in Q3 2024. However, volatility in energy commodity prices can affect operating expenses and profitability.
- Rate Case Outcomes [medium — regulatory]: The company's ability to recover costs and earn a fair return on investment is dependent on favorable outcomes in regulatory rate cases. Unfavorable decisions could limit revenue growth and impact financial results.
- Rising Operating Expenses [medium — operational]: Operation, maintenance and other expenses increased to $1,762 million for the quarter, up from $1,409 million in Q3 2024. Continued increases in these costs without corresponding revenue growth could pressure margins.
Industry Context
The utility sector is characterized by significant capital investment in infrastructure, a highly regulated operating environment, and a growing focus on renewable energy and grid modernization. Duke Energy, as a major player, navigates these trends by balancing traditional energy sources with investments in cleaner alternatives and maintaining reliable service delivery.
Regulatory Implications
Duke Energy Florida, LLC operates under strict regulatory oversight, primarily from the Florida Public Service Commission. Changes in environmental regulations, energy policies, and rate-setting decisions can significantly impact the company's profitability and capital expenditure plans. Compliance with these regulations is paramount.
What Investors Should Do
- Monitor regulatory filings and rate case outcomes.
- Assess the impact of rising operating and interest expenses.
- Evaluate the company's strategy for energy transition and infrastructure investment.
Glossary
- VIEs
- Variable Interest Entities. These are entities for which a company has a controlling financial interest, even if it doesn't have majority voting rights. They are consolidated onto the company's balance sheet. (The financial statements show significant amounts related to VIEs in receivables, inventory, regulatory assets, and debt, indicating their material impact on Duke Energy's financial position.)
- Regulatory Assets
- Costs that have been incurred but are not yet recognized as expenses in the income statement. These are typically costs that regulators allow the company to recover from customers in future periods through rates. (Duke Energy has substantial regulatory assets ($1,977M current, $14,077M noncurrent), reflecting costs that are expected to be recovered from customers, impacting future revenue.)
- Regulatory Liabilities
- Amounts that the company has collected from customers but has not yet recognized as revenue or expense. These are typically related to costs that regulators have allowed to be collected but have not yet been incurred or expensed. (The company has significant regulatory liabilities ($1,229M current, $15,377M noncurrent), representing amounts collected from customers that will be recognized as revenue or offset expenses in the future.)
- Noncontrolling Interests
- The portion of equity in a subsidiary that is not attributable to the parent company. This represents the ownership stake of other parties in consolidated entities. (Net income attributable to noncontrolling interests ($33M for the quarter) indicates that Duke Energy does not own 100% of all consolidated entities, affecting the net income available to common stockholders.)
- Comprehensive Income
- Includes net income plus other comprehensive income (OCI). OCI includes unrealized gains and losses on certain investments and hedging activities that are not recognized in net income until realized. (The company reports comprehensive income, which provides a broader view of financial performance by including items like unrealized gains/losses on cash flow hedges, affecting total equity.)
- Assets Held for Sale
- Assets that management has committed to sell and are available for immediate sale in their present condition. These are typically reported at the lower of their carrying amount or fair value less costs to sell. (The company has $47M in current and $2,106M in noncurrent assets held for sale, indicating potential divestitures or strategic shifts.)
Year-Over-Year Comparison
Duke Energy Corporation demonstrated strong year-over-year performance in the three months ended September 30, 2025. Total operating revenues increased by 4.76% to $8.54 billion, and net income available to common stockholders surged by 14.76% to $1.41 billion. This growth was primarily fueled by a 4.01% rise in regulated electric revenues. However, operating expenses, particularly operation, maintenance and other costs, saw a significant increase of 24.91%, and interest expense also rose, indicating potential margin pressures despite top-line growth.
Filing Stats: 4,359 words · 17 min read · ~15 pages · Grade level 20 · Accepted 2025-11-07 12:13:31
Key Financial Figures
- $0.001 — h registered Duke Energy Common Stock, $0.001 par value DUK New York Stock Exchange L
Filing Documents
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FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION Item 1.
Financial Statements
Financial Statements Duke Energy Corporation Financial Statements 9 Duke Energy Carolinas, LLC Financial Statements 15 Progress Energy, Inc. Financial Statements 19 Duke Energy Progress, LLC Financial Statements 23 Duke Energy Florida, LLC Financial Statements 27 Duke Energy Ohio, Inc. Financial Statements 31 Duke Energy Indiana, LLC Financial Statements 35 Piedmont Natural Gas Company, Inc. Financial Statements 39 Combined Notes to Condensed Consolidated Financial Statements Note 1 – Organization and Basis of Presentation 43 Note 2 – Dispositions 46 Note 3 – Business Segments 49 Note 4 – Regulatory Matters 61 Note 5 – Commitments and Contingencies 67 Note 6 – Debt and Credit Facilities 70 Note 7 – Asset Retirement Obligations 72 Note 8 – Goodwill 73 Note 9 – Related Party Transactions 74 Note 10 – Derivatives and Hedging 75 Note 11 – Investments in Debt and Equity Securities 81 Note 12 – Fair Value Measurements 85 Note 13 – Variable Interest Entities 90 Note 14 – Revenue 93 Note 15 – Stockholders' Equity 98 Note 16 – Employee Benefit Plans 100 Note 17 – Income Taxes 101 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 103 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 121 Item 4.
Controls and Procedures
Controls and Procedures 121
OTHER INFORMATION
PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 122 Item 1A.
Risk Factors
Risk Factors 122 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 122 Item 5. Other Information 122 Item 6. Exhibits 124
Signatures
Signatures 127 GLOSSARY OF TERMS Glossary of Terms The following terms or acronyms used in this Form 10-Q are defined below: Term or Acronym Definition 2015 CCR Rule A 2015 EPA rule establishing national regulations to provide a comprehensive set of requirements for the management and disposal of CCR from coal-fired power plants 2024 CCR Rule The EPA's Legacy CCR Surface Impoundments rule issued in April 2024 under the Resource Conservation and Recovery Act, which significantly expands the scope of the 2015 CCR Rule AFUDC Allowance for funds used during construction Bison Bison Insurance Company Limited Brookfield Brookfield Renewable Partners L.P. CC Combined Cycle CCR Coal Combustion Residuals CECPCN Certificate of Environmental Compatibility and Public Convenience and Necessity CFIUS The Committee on Foreign Investments in the United States CPCN Certificate of Public Convenience and Necessity the Company Duke Energy Corporation and its subsidiaries Commercial Renewables Disposal Groups Commercial Renewables business segment, excluding the offshore wind contract for Carolina Long Bay, separated into the utility-scale solar and wind group, the distributed generation group and the remaining assets COVID Coronavirus Disease 2019 CRC Cinergy Receivables Company, LLC Crystal River Unit 3 Crystal River Unit 3 Nuclear Plant CT Combustion Turbine CWIP Construction Work in Progress DEFR Duke Energy Florida Receivables, LLC DEPR Duke Energy Progress Receivables, LLC DERF Duke Energy Receivables Finance Company, LLC Duke Energy Duke Energy Corporation (collectively with its subsidiaries) Duke Energy Ohio Duke Energy Ohio, Inc. Duke Energy Progress Duke Energy Progress, LLC Duke Energy Carolinas Duke Energy Carolinas, LLC Duke Energy Florida Duke Energy Florida, LLC Duke Energy Indiana Duke Energy Indiana, LLC Duke Energy Kentucky Duke Energy Kentucky, Inc. Duke Energy Registrants Duke Energy, Duke En
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This document includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are based on management's beliefs and assumptions and can often be identified by terms and phrases that include "anticipate," "believe," "intend," "estimate," "expect," "continue," "should," "could," "may," "plan," "project," "predict," "will," "potential," "forecast," "target," "guidance," "outlook" or other similar terminology. Various factors may cause actual results to be materially different than the suggested outcomes within forward-looking statements; accordingly, there is no assurance that such results will be realized. These factors include, but are not limited to: The ability to implement our business strategy, including meeting forecasted load growth demand, grid and fleet modernization objectives, and our carbon emission reduction goals, while balancing customer reliability and affordability; The extent and timing of costs and liabilities to comply with federal and state laws, regulations and legal requirements related to coal ash remediation, including amounts for required closure of certain ash impoundments, are uncertain and difficult to estimate; The ability to timely recover eligible costs, including amounts associated with coal ash impoundment retirement obligations, asset retirement and construction costs related to carbon emissions reductions, and costs related to sig
FORWARD-LOOKING STATEMENTS
FORWARD-LOOKING STATEMENTS Construction and development risks associated with the completion of the Duke Energy Registrants' capital investment projects, including risks related to financing, timing and receipt of necessary regulatory approvals, obtaining and complying with terms of permits, meeting construction budgets and schedules and satisfying operating and environmental performance standards, as well as the ability to recover costs from customers in a timely manner, or at all; Changes in rules for regional transmission organizations, including changes in rate designs and new and evolving capacity markets, and risks related to obligations created by the default of other participants; The ability to control operation and maintenance costs; The level of creditworthiness of counterparties to transactions; The ability to obtain adequate insurance at acceptable costs and recover on claims made; Employee workforce factors, including the potential inability to attract and retain key personnel; The ability of subsidiaries to pay dividends or distributions to Duke Energy Corporation holding company (the Parent); The performance of projects undertaken by our businesses and the success of efforts to invest in and develop new opportunities; The effect of accounting and reporting pronouncements issued periodically by accounting standard-setting bodies and the SEC; The impact of United States tax legislation to our financial condition, results of operations or cash flows and our credit ratings; The impacts from potential impairments of goodwill or investment carrying values; Asset or business acquisitions and dispositions may not be consummated or yield the anticipated benefits, which could adversely affect our financial condition, credit metrics or ability to execute strategic and capital plans; and The actions of activist shareholders could disrupt our operations, impact our ability to execute on our business strategy, or cause fluctuations in the trading pri
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
ITEM 1. FINANCIAL STATEMENTS DUKE ENERGY CORPORATION Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, (in millions, except per share amounts) 2025 2024 2025 2024 Operating Revenues Regulated electric $ 8,106 $ 7,775 $ 22,138 $ 21,253 Regulated natural gas 361 298 1,928 1,511 Nonregulated electric and other 75 81 233 233 Total operating revenues 8,542 8,154 24,299 22,997 Operating Expenses Fuel used in electric generation and purchased power 2,289 2,644 6,266 7,207 Cost of natural gas 110 70 642 380 Operation, maintenance and other 1,762 1,409 4,916 4,108 Depreciation and amortization 1,626 1,516 4,721 4,312 Property and other taxes 438 383 1,281 1,162 Impairment of assets and other charges — ( 5 ) 3 39 Total operating expenses 6,225 6,017 17,829 17,208 Gains on Sales of Other Assets and Other, net 17 7 37 25 Operating Income 2,334 2,144 6,507 5,814 Other Income and Expenses Equity in earnings of unconsolidated affiliates 16 15 38 53 Other income and expenses, net 182 166 497 502 Total other income and expenses 198 181 535 555 Interest Expense 902 872 2,688 2,513 Income From Continuing Operations Before Income Taxes 1,630 1,453 4,354 3,856 Income Tax Expense From Continuing Operations 176 163 488 481 Income From Continuing Operations 1,454 1,290 3,866 3,375 Income (Loss) From Discontinued Operations, net of tax — 25 ( 1 ) 12 Net Income 1,454 1,315 3,865 3,387 Less: Net Income Attributable to Noncontrolling Interests 33 34 81 68 Net Income Attributable to Duke Energy Corporation 1,421 1,281 3,784 3,319 Less: Preferred Dividends 14 39 41 92 Less: Preferred Redemption Costs — $ 16 $ — $ 16 Net Income Available to Duke Energy Corporation Common Stockholders $ 1,407 $ 1,226 $ 3,743 $ 3,211 Earnings Per Share – Basic and Diluted Income from continuing operations available to Duke Energy Corporation common stockholders Basic and Diluted $ 1.81 $ 1.57 $
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS DUKE ENERGY CORPORATION Condensed Consolidated Statements of Comprehensive Income (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, (in millions) 2025 2024 2025 2024 Net Income $ 1,454 $ 1,315 $ 3,865 $ 3,387 Other Comprehensive Income (Loss), net of tax (a) Pension and OPEB adjustments 1 1 1 17 Net unrealized (losses) gains on cash flow hedges ( 20 ) ( 57 ) ( 24 ) 60 Reclassification into earnings from cash flow hedges ( 2 ) ( 2 ) 10 ( 3 ) Net unrealized losses on fair value hedges ( 6 ) ( 3 ) ( 41 ) ( 24 ) Unrealized gains on available-for-sale securities 2 7 4 4 Other Comprehensive (Loss) Income, net of tax ( 25 ) ( 54 ) ( 50 ) 54 Comprehensive Income 1,429 1,261 3,815 3,441 Less: Comprehensive Income Attributable to Noncontrolling Interests 33 34 81 68 Comprehensive Income Attributable to Duke Energy 1,396 1,227 3,734 3,373 Less: Preferred Dividends 14 39 41 92 Less: Preferred Redemption Costs — 16 — 16 Comprehensive Income Available to Duke Energy Corporation Common Stockholders $ 1,382 $ 1,172 $ 3,693 $ 3,265 (a) Net of income tax benefit of $ 7 million and $ 16 million for the three months ended September 30, 2025, and 2024, respectively and income tax benefit of $ 15 million and income tax expense of $ 16 million for the nine months ended September 30, 2025, and 2024, respectively. See Notes to Condensed Consolidated Financial Statements 10
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS DUKE ENERGY CORPORATION Condensed Consolidated Balance Sheets (Unaudited) (in millions) September 30, 2025 December 31, 2024 ASSETS Current Assets Cash and cash equivalents $ 688 $ 314 Receivables (net of allowance for doubtful accounts of $ 199 at 2025 and $ 122 at 2024) 4,006 2,170 Receivables of VIEs (net of allowance for doubtful accounts of $ 85 at 2024) 12 1,889 Receivable from sales of Commercial Renewables Disposal Groups — 551 Inventory (includes $ 550 at 2025 and $ 494 at 2024 related to VIEs) 4,494 4,496 Regulatory assets (includes $ 173 at 2025 and $ 120 at 2024 related to VIEs) 1,977 2,739 Assets held for sale 47 96 Other (includes $ 47 at 2025 and $ 90 at 2024 related to VIEs) 984 695 Total current assets 12,208 12,950 Property, Plant and Equipment Cost 185,941 178,737 Accumulated depreciation and amortization ( 59,246 ) ( 57,111 ) Net property, plant and equipment 126,695 121,626 Other Noncurrent Assets Goodwill 19,010 19,010 Regulatory assets (includes $ 2,601 at 2025 and $ 1,705 at 2024 related to VIEs) 14,077 14,220 Nuclear decommissioning trust funds 12,778 11,434 Operating lease right-of-use assets, net 1,211 1,148 Investments in equity method unconsolidated affiliates 323 353 Assets held for sale 2,106 2,095 Other 3,885 3,507 Total other noncurrent assets 53,390 51,767 Total Assets $ 192,293 $ 186,343 LIABILITIES AND EQUITY Current Liabilities Accounts payable (includes $ 273 at 2025 and $ 214 at 2024 related to VIEs) $ 4,191 $ 5,436 Notes payable and commercial paper 2,885 3,584 Taxes accrued 1,141 851 Interest accrued 814 854 Current maturities of long-term debt (includes $ 115 at 2025 and $ 1,012 at 2024 related to VIEs) 6,452 4,349 Asset retirement obligations 592 650 Regulatory liabilities 1,229 1,421 Liabilities associated with assets held for sale 57 132 Other 2,044 2,080 Total current liabilities 19,405 19,357 Long-Term Debt (includes $ 2,760 at 2025 and $ 1,842
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS DUKE ENERGY CORPORATION Condensed Consolidated Statements of Cash Flows (Unaudi