Duke Energy said GAAP reported EPS for the 3 months ended June 30, 2025 was $1.25, compared to $1.13 in the prior year, and adjusted EPS was $1.25, compared to $1.18 in the prior year. The company cited the implementation of new rates and riders as drivers of the adjusted EPS increase, partially offset by higher operation and maintenance expense and interest expense.

1. 01

   Duke Energy said GAAP reported EPS for the 3 months ended June 30, 2025 was $1.25, compared to $1.13 in the prior year, and adjusted EPS was $1.25, compared to $1.18 in the prior year. The company cited the implementation of new rates and riders as drivers of the adjusted EPS increase, partially offset by higher operation and maintenance expense and interest expense.

2. 02

   Duke Energy said it entered into an Investment Agreement in August 2025 to receive $6 billion in exchange for a 19.7% indirect investment in Duke Energy Florida, with the transaction expected to close through a series of closings through June 30, 2028. The company also said it agreed in July 2025 to sell Piedmont's Tennessee Business to Spire, Inc. for $2.48 billion, with completion expected in Q1 2026.

3. 03

   Duke Energy extended the termination date of its Master Credit Facility from March 2025 to March 2030 and increased its capacity from $9 billion to $10 billion. As of June 30, 2025, the company had $344 million of cash on hand and $6.9 billion available under its Master Credit Facility.

4. 04

   Duke Energy cited a $1,594 million decrease in net working capital and other assets and liabilities as a driver of the change in operating cash flows for the six months ended 2025, adding that the decrease included lower fuel cost recovery and payments related to 2024 storm restoration. The company said that after adjustments for non-cash items, the increase in net income of $1,186 million partially offset the decline.

Key figures

Quarter ended June 30, 2025

Revenue

$7.4B

Operating income

$1.8B

Net income

$984M

EPS

$1.25

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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