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How Duke Energy (DUK) makes money: Q2 2026 revenue breakdown
US GAAP · $M · vs Q2 2025 · reported 08/04/2026
Duke Energy Corporation is an American electric power and natural gas holding company headquartered in Charlotte, North Carolina. · Wikipedia
More about the company
The company serves over 7 million customers in the eastern United States. In 2024, it ranked as the 141st largest company in the United States, its highest-ever placement on the Fortune 500 list.
Key growth driver: Regulated rate-base growth: the grid and generation capex plan plus data-center load in the Carolinas. · by the Q2 2026 report
How does Duke Energy make money?
Duke Energy brought in $7.59 billion of revenue in Q2 2026, up 1.1% year over year. The largest source was Regulated Electric: $7.10 billion, or 94% of the total, followed by Regulated Natural Gas ($418M, 6%) and Nonregulated & Other ($71.0M, 0.9%). Net income for the quarter was $1.08 billion, up 10.9% year over year.
Revenue by source, Q2 2026
- Regulated Electric$7.10B · 94% · +1.9%
- Regulated Natural Gas$418M · 6% · −9.5%
- Nonregulated & Other$71.0M · 0.9% · −9.0%
Shares of $7.59B total revenue; changes are year over year, as reported. ≈ marks lines derived from disclosed totals. The same flows are drawn in the Sankey chart below.
When is DUK’s next earnings date?
Thursday, November 5, 2026estimated
Duke Energy (DUK) has not confirmed the date yet; Nov 5, 2026 is an estimate based on the company's past reporting schedule and may move once the date is announced. Consensus EPS forecast: $1.85 (4 analysts), vs $1.81 in the same quarter last year.
What time does DUK report? Usually after market close: the last 4 results releases reached the SEC at 5:47 pm, 7:00 pm, 5:51 pm, 5:48 pm ET.
Last report: Aug 4, 2026 (Q2 2026) — broken down in the Sankey chart below. Dates and consensus: Nasdaq / Zacks Investment Research; companies do reschedule. Who else reports this week →
All figures in $M.
Revenue
$7,592
+1.1%
Operating income
$2,049
+12.0%
27.0% margin
Net income
$1,077
+10.9%
EPS $1.38 vs $1.25 · adj. $1.43
Verdict: a steady utility quarter — revenue edged up 1.1% to $7,592M, but O&M fell 16.3% and operating income rose 12.0% to $2,049M, carrying net income to common up 10.9% to $1,077M; reported EPS was $1.38 and adjusted EPS $1.43, with full-year guidance reaffirmed.
Adjusted EPS $1.43 vs $1.25 · special item: North Carolina rate case settlement charges, $39M after tax ($0.05 per share) · 2026 adjusted EPS guidance $6.55–6.80 reaffirmed · long-term adjusted EPS growth 5–7% through 2030 · effective tax rate 12.3% vs 10.6%.
Source and notation
* marks non-cash / ≈ estimated. Source: Duke Energy press release, 8-K EX-99.1 (SEC EDGAR).
Open the chart as a PNG image ↗ · for sharing and presentations · free to reuse, CC BY 4.0
DUK earnings history: past report dates
| May 4, 2026 Mon | 7:00 pmafter market close | Mar 31, 2026 | — | $1.97+12% y/y |
| Feb 9, 2026 Mon | 5:51 pmafter market close | Dec 31, 2025 | — | ≈$1.49−3% y/y |
| Nov 6, 2025 Thu | 5:48 pmafter market close | Sep 30, 2025 | — | $1.81+13% y/y |
| Aug 5, 2025 Tue | 6:58 ambefore market open | Jun 30, 2025 | — | $1.25+11% y/y |
| May 5, 2025 Mon | 6:08 pmafter market close | Mar 31, 2025 | — | $1.76+22% y/y |
| Feb 12, 2025 Wed | 5:55 pmafter market close | Dec 31, 2024 | — | ≈$1.54+21% y/y |
| Nov 6, 2024 Wed | 5:55 pmafter market close | Sep 30, 2024 | — | $1.60+1% y/y |
| Aug 5, 2024 Mon | 5:52 pmafter market close | Jun 30, 2024 | — | $1.13 |
How we count
Report date and time — when the company filed its results press release with the SEC (Form 8-K, Item 2.02); the regular session runs 9:30 am – 4:00 pm ET. Revenue and diluted EPS — the company’s XBRL filings, EPS adjusted for stock splits; ≈ — fourth quarter derived as full year minus three quarters. Source: SEC EDGAR.
Duke Energy: 5-year financials
| 2025 | 31,741 | 8,626 | 4,968 | −1,694 | — |
| 2024 | 30,050 | 7,926 | 4,524 | 48 | — |
| 2023 | 28,674 | 7,070 | 2,841 | −2,726 | — |
| 2022 | 28,675 | 6,012 | 2,550 | −5,440 | 3,179 |
| 2021 | 24,486 | 5,500 | 3,908 | −1,425 | 3,114 |
$ millions, annual 10-K reports on SEC EDGAR (US GAAP).
How we calculate
Figures are the annual report lines as filed, no adjustments. Free cash flow is operating cash flow minus capital expenditures; dividends are cash paid to common shareholders during the year. “—” means the line isn’t in the filing.
Corporate governance
2/2good
How the company treats minority shareholders: 2 — well, 0 — systematically poorly.
More
- Feb 20262025 10-K cover: the only class of common stock is Common Stock $0.001 (NYSE: DUK); other securities are bonds and depositary preferred shares. sec.gov ↗
- Feb 2026Diluted share count +5.3% over 2020–2025; SBC of $102M = 0.3% of revenue (XBRL). data.sec.gov ↗
- Feb 2026Per-share dividend $3.82 (2020), $3.98 (2022), $4.14 (2024), $4.22 (2025); 2025 marked the 99th consecutive year of quarterly payouts. data.sec.gov ↗
- Feb 2026The 2025 10-K lists no shareholder disclosure suits or SEC cases; litigation is environmental and rate-related. sec.gov ↗
Scoring: 2.0 with no deductions = 2.0 (single class of common stock, shares +5.3% over 5 years (<10%), dividend paid for the 99th year in a row, no shareholder suits or SEC cases in the 10-K)
- Share classes
- Single class of common stock (10-K cover: Common Stock, NYSE); the other securities on the cover are debt and preferred shares without votes on general matters.
- Dilution
- Diluted shares +5.3% over 2020–2025 (mostly 2021, issuance to fund the capital plan), below the 10% threshold; SBC 0.3% of revenue.
- Disclosure
- Full 10-K/10-Q reporting.
- Dividends
- Per-share dividend raised every year: $3.82 (2020) → $4.22 (2025); 99 consecutive years of quarterly payouts.
- Lawsuits & regulators
- 2025 10-K: environmental (coal ash) and utility regulatory cases; no shareholder disclosure suits or SEC cases.
- Related parties
- 2026 proxy: compensation committee members have no relationships requiring disclosure under the related-party transaction policy.
How the score works · checked as of Sep 2026
Duke Energy (DUK) earnings: FAQ
How does Duke Energy make money?
Duke Energy brought in $7.59 billion of revenue in Q2 2026, up 1.1% year over year. The largest source was Regulated Electric: $7.10 billion, or 94% of the total, followed by Regulated Natural Gas ($418M, 6%) and Nonregulated & Other ($71.0M, 0.9%). Net income for the quarter was $1.08 billion, up 10.9% year over year.
When is DUK's next earnings date?
Duke Energy (DUK) has not confirmed the date yet; Nov 5, 2026 is an estimate based on its past reporting schedule.
What time does DUK report earnings?
Duke Energy usually reports after market close: its latest results release was filed with the SEC at 5:47 pm ET on Aug 3, 2026.
When did DUK last report earnings?
Duke Energy reported Q2 2026 results on Aug 4, 2026.
What is the EPS estimate for DUK's next earnings?
The consensus EPS forecast is $1.85 (4 analysts), vs $1.81 in the same quarter last year.
Where can I find Duke Energy's financial statements?
On SEC EDGAR: quarterly reports (10-Q), the annual report (10-K) and earnings releases (8-K). The “Verified” badge next to the chart links to DUK's filings; this page breaks the latest report down in a Sankey chart.
What was DUK's net income in Q2 2026?
Duke Energy reported net income of $1,077M for Q2 2026 (+10.9% year over year), under US GAAP.
New to earnings reports? Start with how to read an earnings report.
How this page was made: the figures come from the company's own report on SEC EDGAR; the summary and nuances were drafted by our model from that report. Figures checked against the filing on 10/01/2026. How we make the breakdowns · Report an error
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