Jun 2026 (Q2 FY26) — Aug 4, 2026
Duke Energy Q2 FY26 — Strong EPS, Large Load Growth, and Regulatory Progress
Read the full callDuke Energy (DUK) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Duke Energy earnings: last reported Tue, 4 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 8,995 | +9.5% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 30.3 | +1.8 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 1,550 | +12.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Incremental generation capacity added over the five-year plan | more than 13 gigawatts | Sep 2025 | now on track to add 15 gigawatts of capacity by 2031, which reflects additions from our latest 10-year site plan in Florida | Revised Up |
| Closing of the Tennessee LDC sale and first Duke Energy Florida minority investment tranche | close in early 2026 | Sep 2025 | We closed on the first tranche of Brookfield's minority investment in Duke Energy Florida in early March, receiving $2.8 billion in cash proceeds for a 9.2% interest in our Florida utility | Achieved |
| Completion of Florida 2024 storm cost recovery | $1.1 billion of storm costs fully recovered by February 2026 | Sep 2025 | Ghosted |
1 of Duke Energy CORP's 45 targets was missed. See which ones, and which are quietly gone. The 3 above are the free sample; 42 more targets are in the full ledger.
Claimed
- Reported EPS of $1.38 and Adjusted EPS of $1.43, up from $1.25 in prior year.
- Secured 7.8 GW of electric service agreements (ESAs) with data center customers.
- Reached a comprehensive settlement in the North Carolina DEC rate case, including a 9.8% ROE and 53% equity capital structure.
- Increased quarterly dividend payment by 2%, marking over 20 years of consecutive annual increases.
- On track to achieve FFO to debt target of 14.5% for the year, with a longer-term target of 15%.
Qualified
- Negotiations for large load ESAs are taking longer due to complexity.
- Affordability concerns in Indiana, with ongoing hearings and focus on customer protection.
- New nuclear projects require additional financial protections to offset construction and supply chain risks, delaying decision-making.
Price
$119.27 −1.81% · −$2.2
Performance −7.2% 1Y
1Y: $128.53 on 17 Oct 2025 → $119.27. High $133.46 (16 Mar 2026), low $113.23 (24 Sept 2026).
- Previous close
- $121.47
- 52-week range
- $113.23 – $133.46
- One year
- −7.50%
Overview
- Symbol
- DUK
- Sector
- Utilities
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
11 of 12 judged targets kept · 33 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Incremental generation capacity added over the five-year plan | more than 13 gigawatts | Sep 2025 | now on track to add 15 gigawatts of capacity by 2031, which reflects additions from our latest 10-year site plan in Florida | Revised Up |
| Closing of the Tennessee LDC sale and first Duke Energy Florida minority investment tranche | close in early 2026 | Sep 2025 | We closed on the first tranche of Brookfield's minority investment in Duke Energy Florida in early March, receiving $2.8 billion in cash proceeds for a 9.2% interest in our Florida utility | Achieved |
| Completion of Florida 2024 storm cost recovery | $1.1 billion of storm costs fully recovered by February 2026 | Sep 2025 | Ghosted |
Claimed
- Reported EPS of $1.38 and Adjusted EPS of $1.43, up from $1.25 in prior year.
- Secured 7.8 GW of electric service agreements (ESAs) with data center customers.
- Reached a comprehensive settlement in the North Carolina DEC rate case, including a 9.8% ROE and 53% equity capital structure.
- Increased quarterly dividend payment by 2%, marking over 20 years of consecutive annual increases.
- On track to achieve FFO to debt target of 14.5% for the year, with a longer-term target of 15%.
Qualified
- Negotiations for large load ESAs are taking longer due to complexity.
- Affordability concerns in Indiana, with ongoing hearings and focus on customer protection.
- New nuclear projects require additional financial protections to offset construction and supply chain risks, delaying decision-making.
The full ledger
Open Duke Energy CORP’s full ledger
A free account opens 5 company ledgers a month. All 45 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — May 5, 2026
Duke Energy Q1 FY26 — Data-center ESAs reach 7.6 GW as $5B+ in customer benefits secured
Read the full callDec 2025 (Q4 FY25) — Feb 10, 2026
Duke Energy Q4 FY25 — Strong Earnings, Increased Capital Plan, and Data Center Growth
Read the full callEvery analysed call
Duke Energy earnings calls (DUK)
Financials
What the filings say
Net profit, year on year: +12% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7,151 | 8,127 | 7,240 | 8,218 | 7,373 | 8,377 | 7,773 | 8,995 |
| Expenses | 5,471 | 6,017 | 5,249 | 5,912 | 5,692 | 6,225 | 5,827 | 6,837 |
| Operating profit | 1,707 | 2,144 | 2,112 | 2,343 | 1,830 | 2,334 | 2,119 | 2,725 |
| Operating margin | 23.9% | 26.4% | 29.2% | 28.5% | 24.8% | 27.9% | 27.3% | 30.3% |
| Other income | 188 | 181 | 97 | 143 | 194 | 198 | 185 | 140 |
| Interest | 824 | 872 | 871 | 889 | 897 | 902 | 946 | 968 |
| Profit before tax | 1,071 | 1,453 | 1,338 | 1,597 | 1,127 | 1,630 | 1,358 | 1,897 |
| Tax rate | 13.1% | 11.2% | 8.2% | 12.1% | 10.6% | 10.8% | 11.3% | 17.6% |
| Net profit | 900 | 1,281 | 1,205 | 1,379 | 984 | 1,421 | 1,184 | 1,550 |
| EPS ($ per share) | 1.13 | 1.60 | — | 1.76 | 1.25 | 1.81 | — | 1.97 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Reserves | 3,113 | 4,108 | 2,471 | 3,265 | 2,637 | 2,235 | 3,431 | 5,056 |
| Total liabilities | 101,558 | 110,887 | 113,204 | 118,451 | 126,233 | 126,706 | 135,087 | 142,717 |
| Fixed assets | 91,694 | 102,127 | 106,782 | 105,536 | 111,748 | 115,315 | 121,626 | 129,959 |
| Total assets | 145,392 | 158,838 | 162,388 | 169,587 | 178,086 | 176,893 | 186,343 | 195,736 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7,186 | 8,209 | 8,856 | 8,290 | 5,927 | 9,878 | 12,328 | 12,330 |
| Cash from investing | -10,060 | -11,957 | -10,604 | -10,935 | -11,973 | -12,475 | -13,123 | -14,338 |
| Cash from financing | 2,960 | 3,730 | 1,731 | 2,609 | 6,129 | 2,351 | 859 | 1,950 |
| Net cash flow | 86 | -18 | -17 | -36 | 83 | -246 | 64 | -58 |
| Capital expenditure | -9,389 | -11,122 | -9,907 | -9,715 | -11,367 | -12,604 | -12,280 | -14,024 |
| Free cash flow | -2,203 | -2,913 | -1,051 | -1,425 | -5,440 | -2,726 | 48 | -1,694 |
DUK revenue by segment
Gas Utilities and Infrastructure grew from 4% to 5% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Electric Utilities and Infrastructure | 96% | 90% | 86% | 94% | 96% | 88% | 85% | 95% | +1.4% |
| Gas Utilities and Infrastructure | 4% | 10% | 14% | 6% | 4% | 12% | 15% | 5% | -8.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
100 filings between Nov 18, 2025 and May 20, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$9.61M
12 sales by 6 insiders
58% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 29
- Award — granted as compensation
- 57
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift, 1 code i.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| Sideris Harry K. | — | $2.49M | May 8, 2026 |
| Ghartey-Tagoe Kodwo | — | $2.40M | Mar 2, 2026 |
| Savoy Brian D | — | $1.53M | Feb 23, 2026 |
| Renjel Louis E. | — | $1.41M | May 11, 2026 |
| Glenn Robert Alexander | — | $1.02M | Nov 19, 2025 |
| Repko Regis T. | — | $766.4K | Mar 2, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 20, 2026 | Weintraub Alexander J. EVP, Chief Customer Officer | Code I | 394 | $48.8K |
| May 18, 2026 | CRAVER THEODORE F JR Director | Gift | 2,402 | $0 |
| May 11, 2026 | Renjel Louis E. EVP&CEO DEF&MW&ChiefCorpAffOff | Sale | 3,500 | $438.0K |
| May 8, 2026 | Sideris Harry K. President, CEO | Sale | 20,000 | $2.49M |
| May 7, 2026 | Herron John T Director | Award | 1,602 | $200.0K |
| May 7, 2026 | FANANDAKIS NICHOLAS C Director | Award | 1,602 | $200.0K |
| May 7, 2026 | CRAVER THEODORE F JR Director | Award | 2,402 | $299.9K |
| May 7, 2026 | Davis Robert M Director | Award | 1,602 | $200.0K |
| May 7, 2026 | DORSA CAROLINE Director | Award | 1,602 | $200.0K |
| Apr 1, 2026 | Weintraub Alexander J. EVP, Chief Customer Officer | Tax withheld | 139 | $18.2K |
| Apr 1, 2026 | Batson Scott L. EVP, Chief Pwr Grid Op Officer | Tax withheld | 38 | $5.0K |
| Apr 1, 2026 | Sideris Harry K. President, CEO | Tax withheld | 2,016 | $263.9K |
| Apr 1, 2026 | Titone Bonnie T. EVP, Chief Admin Officer | Tax withheld | 285 | $37.3K |
| Mar 2, 2026 | Ghartey-Tagoe Kodwo EVP&CEO DECarolinas&NatGasBus | Sale 10b5-1 plan | 17,066 | $2.24M |
| Mar 2, 2026 | Repko Regis T. SVP, System Planning&Construct | Sale 10b5-1 plan | 663 | $86.9K |
| Mar 2, 2026 | Ghartey-Tagoe Kodwo EVP&CEO DECarolinas&NatGasBus | Sale 10b5-1 plan | 1,180 | $155.8K |
| Feb 26, 2026 | Glenn Robert Alexander EVP & Chief Legal Officer | Tax withheld | 701 | $90.6K |
| Feb 26, 2026 | Renjel Louis E. EVP&CEO DEF&MW&ChiefCorpAffOff | Tax withheld | 44 | $5.7K |
| Feb 26, 2026 | Renjel Louis E. EVP&CEO DEF&MW&ChiefCorpAffOff | Tax withheld | 910 | $117.6K |
| Feb 26, 2026 | Lee Cynthia S. SVP, Chf Acct Off & Controller | Tax withheld | 92 | $11.9K |
| Feb 26, 2026 | McDonald Olivia Cameron D. SVP, Chief Human Resources Off | Tax withheld | 178 | $23.0K |
| Feb 26, 2026 | Weintraub Alexander J. EVP, Chief Customer Officer | Tax withheld | 180 | $23.3K |
| Feb 26, 2026 | Ghartey-Tagoe Kodwo EVP&CEO DECarolinas&NatGasBus | Tax withheld | 1,066 | $137.8K |
| Feb 26, 2026 | Ghartey-Tagoe Kodwo EVP&CEO DECarolinas&NatGasBus | Tax withheld | 53 | $6.8K |
| Feb 26, 2026 | Repko Regis T. SVP, System Planning&Construct | Tax withheld | 368 | $47.6K |
| Feb 26, 2026 | Sideris Harry K. President, CEO | Tax withheld | 3,642 | $470.7K |
| Feb 26, 2026 | Batson Scott L. EVP, Chief Pwr Grid Op Officer | Tax withheld | 500 | $64.6K |
| Feb 26, 2026 | McDonald Olivia Cameron D. SVP, Chief Human Resources Off | Tax withheld | 28 | $3.6K |
| Feb 26, 2026 | Savoy Brian D EVP & CFO | Tax withheld | 1,027 | $132.7K |
| Feb 26, 2026 | Glenn Robert Alexander EVP & Chief Legal Officer | Tax withheld | 34 | $4.4K |
| Feb 26, 2026 | Gillespie Thomas Preston Jr. EVP-Chf Gen Off-Entrp Op Excel | Tax withheld | 925 | $119.5K |
| Feb 26, 2026 | Sideris Harry K. President, CEO | Award | 30,540 | $0 |
| Feb 26, 2026 | Batson Scott L. EVP, Chief Pwr Grid Op Officer | Tax withheld | 245 | $31.7K |
| Feb 26, 2026 | Titone Bonnie T. EVP, Chief Admin Officer | Tax withheld | 701 | $90.6K |
| Feb 25, 2026 | Glenn Robert Alexander EVP & Chief Legal Officer | Award | 4,991 | $0 |
| Feb 25, 2026 | Lee Cynthia S. SVP, Chf Acct Off & Controller | Award | 895 | $0 |
| Feb 25, 2026 | Renjel Louis E. EVP&CEO DEF&MW&ChiefCorpAffOff | Award | 6,108 | $0 |
| Feb 25, 2026 | Repko Regis T. SVP, System Planning&Construct | Award | 3,636 | $0 |
| Feb 25, 2026 | Ghartey-Tagoe Kodwo EVP&CEO DECarolinas&NatGasBus | Award | 8,712 | $0 |
| Feb 25, 2026 | McDonald Olivia Cameron D. SVP, Chief Human Resources Off | Award | 2,676 | $0 |
| Feb 25, 2026 | Savoy Brian D EVP & CFO | Award | 7,679 | $0 |
| Feb 25, 2026 | Weintraub Alexander J. EVP, Chief Customer Officer | Award | 2,117 | $0 |
| Feb 25, 2026 | Batson Scott L. EVP, Chief Pwr Grid Op Officer | Award | 4,235 | $0 |
| Feb 25, 2026 | Titone Bonnie T. EVP, Chief Admin Officer | Award | 5,375 | $0 |
| Feb 25, 2026 | Gillespie Thomas Preston Jr. EVP-Chf Gen Off-Entrp Op Excel | Award | 5,989 | $0 |
| Feb 24, 2026 | Repko Regis T. SVP, System Planning&Construct | Sale 10b5-1 plan | 962 | $123.0K |
| Feb 23, 2026 | Savoy Brian D EVP & CFO | Sale 10b5-1 plan | 3,272 | $419.6K |
| Feb 23, 2026 | Savoy Brian D EVP & CFO | Sale 10b5-1 plan | 8,728 | $1.11M |
| Feb 22, 2026 | Savoy Brian D EVP & CFO | Tax withheld 10b5-1 plan | 1,150 | $145.8K |
| Feb 22, 2026 | Savoy Brian D EVP & CFO | Tax withheld 10b5-1 plan | 944 | $119.7K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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