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DUKB

Duke Energy Corporation 5.625%

DUKB

Duke Energy Corporation 5.625% • NYSE
$24.83 ▼ -0.68% (-0.17)
Market Cap $19.31 B
52w High $25.30
52w Low $23.30
Dividend Yield 1.41%
P/E 0
Volume 51.20K
Outstanding Shares 777.66M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $8.542B ▲ $2.047B ▲ $1.421B ▲ 16.635% ▲ $1.81 ▲ $4.617B ▲
Q2-2025 $7.508B ▼ $1.987B ▲ $984M ▼ 13.106% ▼ $1.25 ▼ $3.787B ▼
Q1-2025 $8.249B ▲ $1.934B ▲ $1.379B ▲ 16.717% ▼ $1.76 ▲ $4.028B ▲
Q4-2024 $6.937B ▼ $1.781B ▼ $1.205B ▼ 17.371% ▲ $1.55 ▼ $3.735B ▼
Q3-2024 $8.154B $1.887B $1.281B 15.71% $1.57 $3.824B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $688M ▲ $192.293B ▲ $139.666B ▲ $51.462B ▲
Q2-2025 $344M ▼ $189.713B ▲ $137.683B ▲ $50.891B ▲
Q1-2025 $514M ▲ $187.476B ▼ $135.682B ▼ $50.67B ▲
Q4-2024 $398M ▲ $190.736B ▲ $139.48B ▲ $50.127B ▲
Q3-2024 $376M $183.566B $133.317B $49.133B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.421B ▲ $3.632B ▲ $-3.712B ▼ $377M ▲ $269M ▲ $179M ▲
Q2-2025 $985M ▼ $2.863B ▲ $-2.964B ▲ $7M ▼ $-95M ▼ $-417M ▲
Q1-2025 $1.379B ▲ $2.177B ▼ $-3.3B ▼ $1.238B ▲ $116M ▲ $-971M ▼
Q4-2024 $1.207B ▼ $3.402B ▼ $-3.297B ▼ $-131M ▲ $-29M ▲ $313M ▼
Q3-2024 $1.256B $3.524B $-3.276B $-284M $-37M $537M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Electric Utilities and Infrastructure
Electric Utilities and Infrastructure
 $5.34Bn ▲$7.14Bn ▲$7.04Bn ▼$8.18Bn ▲
Gas Utilities and Infrastructure
Gas Utilities and Infrastructure
 $700.00M ▲$1.14Bn ▲$490.00M ▼$390.00M ▼

Five-Year Company Overview

Income Statement

Income Statement Duke Energy’s income statement shows a steady, multi‑year climb in revenue and operating profit, with earnings recovering well from earlier pandemic‑era weakness. Profitability has generally improved as scale has increased, suggesting good cost control and effective recovery of spending through regulated rates. There are some swings in reported margins that likely reflect fuel costs, storms, and one‑time items rather than fundamental deterioration. Overall, the earnings base looks larger and more stable than five years ago, but still dependent on constructive regulation and disciplined project execution.

Balance Sheet

Balance Sheet The balance sheet reflects a very large, capital‑intensive utility that has been growing its asset base while leaning more on debt. Total assets have risen meaningfully, but debt has grown faster than shareholder equity, pointing to higher leverage over time. This pattern is typical for regulated utilities but increases sensitivity to interest rates and credit markets. Equity has inched up, indicating internal capital generation, yet the company is clearly financing much of its transition and grid build‑out with borrowings, which regulators must continue to support in rates.

Cash Flow

Cash Flow Operating cash flow has strengthened over the period, showing that the core business is generating more cash as the system grows. However, very heavy capital spending on grid upgrades, new generation, and clean energy projects has kept free cash flow thin or negative in most years. That means the company relies on issuing debt and, to a lesser degree, equity to fund its investment plan. This is normal for a large regulated utility in a major build‑out phase, but it does create ongoing dependence on favorable capital markets and regulatory approval for cost recovery.

Competitive Edge

Competitive Edge Duke Energy holds strong competitive footing as one of the largest regulated electric utilities in the U.S., with monopoly service territories and significant barriers to entry. The regulated model supports relatively predictable cash flows, while its scale and diverse mix of generation assets, including nuclear, help manage costs and reliability. Its size also provides an advantage in financing and executing very large projects that smaller peers might struggle to handle. The main competitive pressures come less from rivals and more from regulation, public policy, technology change, and expectations around decarbonization and affordability.

Innovation and R&D

Innovation and R&D The company is investing heavily in modernizing its grid, adding intelligence, automation, and digital tools to improve reliability and efficiency. It is also pushing a broad clean‑energy agenda—expanding solar and wind, building out battery storage, piloting hydrogen, and exploring advanced nuclear designs. Partnerships around cloud computing, data analytics, drones, and AI show a clear effort to turn technology into both cost savings and better customer service. These initiatives could strengthen Duke’s long‑term position, but they are capital‑intensive, technologically complex, and highly dependent on regulatory support and execution quality.

Summary

Overall, Duke Energy appears to be a mature, regulated utility in the middle of a large, long‑term transformation toward cleaner and smarter power infrastructure. Earnings and operating cash flow have generally trended upward, supported by scale and regulation, even as the company carries more debt to fund its build‑out. The balance sheet and cash‑flow profile are consistent with a capital‑intensive utility: stable but highly reliant on continued access to financing and constructive regulatory outcomes. Its strategic focus on grid modernization, digital capabilities, and clean energy builds a credible path for future relevance, while also introducing execution, policy, and technology risks that will need ongoing monitoring—especially for holders of instruments like DUKB that depend on the issuer’s long‑term financial resilience.