XML 117 R75.htm IDEA: XBRL DOCUMENT v3.25.3

Revenue (Tables)

9 Months Ended

Sep. 30, 2025

Revenue from Contract with Customer [Abstract]

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

Supplemental requirements contracts that include contracted blocks of energy and capacity at contractually fixed prices have the following estimated remaining performance obligations as of September 30, 2025:

			Remaining Performance Obligations
(in millions)			2025			2026			2027			2028			2029			Thereafter			Total
Duke Energy Carolinas			$	3		$	12		$	12		$	12		$	—		$	—		$	39
Progress Energy			8			43			13			13			13			42			132
Duke Energy Progress			1			6			6			6			6			20			45
Duke Energy Florida			7			37			7			7			7			22			87
Duke Energy Indiana			4			17			15			6			—			—			42

Estimated remaining performance obligations as of September 30, 2025, are as follows:

			Remaining Performance Obligations
(in millions)			2025			2026			2027			2028			2029			Thereafter			Total
Piedmont			$	16		$	51		$	49		$	46		$	44		$	151		$	357

Disaggregation of Revenue

Disaggregated revenues are presented as follows:

			Three Months Ended September 30, 2025
						Duke						Duke			Duke			Duke			Duke
(in millions)			Duke			Energy			Progress			Energy			Energy			Energy			Energy
By market or type of customer			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Electric Utilities and Infrastructure
Residential			$	3,953		$	1,134		$	2,098		$	781		$	1,318		$	330		$	394		$	—
Commercial			2,339			793			1,087			475			614			166			297			—
Industrial			933			402			276			195			83			37			219			—
Wholesale			632			172			377			346			32			26			55			—
Other revenues			191			65			181			96			80			6			19			—
Total Electric Utilities and Infrastructure revenue from contracts with customers			$	8,048		$	2,566		$	4,019		$	1,893		$	2,127		$	565		$	984		$	—
Gas Utilities and Infrastructure
Residential			$	143		$	—		$	—		$	—		$	—		$	80		$	—		$	63
Commercial			84			—			—			—			—			27			—			57
Industrial			39			—			—			—			—			8			—			31
Power Generation			—			—			—			—			—			—			—			8
Other revenues			57			—			—			—			—			2			—			72
Total Gas Utilities and Infrastructure revenue from contracts with customers			$	323		$	—		$	—		$	—		$	—		$	117		$	—		$	231
Other
Revenue from contracts with customers			$	6		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total revenue from contracts with customers			$	8,377		$	2,566		$	4,019		$	1,893		$	2,127		$	682		$	984		$	231
Other revenue sources(a)			$	165		$	66		$	55		$	20		$	30		$	(3)		$	8		$	40
Total revenues			$	8,542		$	2,632		$	4,074		$	1,913		$	2,157		$	679		$	992		$	271

			Three Months Ended September 30, 2024
						Duke						Duke			Duke			Duke			Duke
(in millions)			Duke			Energy			Progress			Energy			Energy			Energy			Energy
By market or type of customer			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Electric Utilities and Infrastructure
Residential			$	3,738		$	1,173		$	1,973		$	811		$	1,162		$	275		$	316		$	—
Commercial			2,287			859			1,035			485			550			152			243			—
Industrial			924			416			275			196			79			39			193			—
Wholesale			620			158			394			350			44			15			53			—
Other revenues			237			71			166			88			78			24			23			—
Total Electric Utilities and Infrastructure revenue from contracts with customers			$	7,806		$	2,677		$	3,843		$	1,930		$	1,913		$	505		$	828		$	—
Gas Utilities and Infrastructure
Residential			$	157		$	—		$	—		$	—		$	—		$	74		$	—		$	83
Commercial			91			—			—			—			—			23			—			68
Industrial			36			—			—			—			—			6			—			30
Power Generation			—			—			—			—			—			—			—			8
Other revenues			25			—			—			—			—			5			—			20
Total Gas Utilities and Infrastructure revenue from contracts with customers			$	309		$	—		$	—		$	—		$	—		$	108		$	—		$	209
Other
Revenue from contracts with customers			$	12		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total revenue from contracts with customers			$	8,127		$	2,677		$	3,843		$	1,930		$	1,913		$	613		$	828		$	209
Other revenue sources(a)			$	27		$	30		$	17		$	(16)		$	27		$	(8)		$	8		$	10
Total revenues			$	8,154		$	2,707		$	3,860		$	1,914		$	1,940		$	605		$	836		$	219

			Nine Months Ended September 30, 2025
						Duke						Duke			Duke			Duke			Duke
(in millions)			Duke			Energy			Progress			Energy			Energy			Energy			Energy
By market or type of customer			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Electric Utilities and Infrastructure
Residential			$	10,598		$	3,180		$	5,465		$	2,264		$	3,201		$	865		$	1,089		$	—
Commercial			6,313			2,187			2,898			1,316			1,582			455			775			—
Industrial			2,606			1,091			807			567			239			106			602			—
Wholesale			1,825			453			1,148			1,044			104			67			156			—
Other revenues			689			341			641			370			273			42			27			—
Total Electric Utilities and Infrastructure revenue from contracts with customers			$	22,031		$	7,252		$	10,959		$	5,561		$	5,399		$	1,535		$	2,649		$	—
Gas Utilities and Infrastructure
Residential			$	1,038		$	—		$	—		$	—		$	—		$	366		$	—		$	672
Commercial			542			—			—			—			—			134			—			408
Industrial			135			—			—			—			—			33			—			102
Power Generation			—			—			—			—			—			—			—			25
Other revenues			201			—			—			—			—			16			—			202
Total Gas Utilities and Infrastructure revenue from contracts with customers			$	1,916		$	—		$	—		$	—		$	—		$	549		$	—		$	1,409
Other
Revenue from contracts with customers			$	21		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Revenue from contracts with customers			$	23,968		$	7,252		$	10,959		$	5,561		$	5,399		$	2,084		$	2,649		$	1,409
Other revenue sources(a)			$	331		$	135		$	151		$	51		$	87		$	15		$	22		$	54
Total operating revenues			$	24,299		$	7,387		$	11,110		$	5,612		$	5,486		$	2,099		$	2,671		$	1,463

			Nine Months Ended September 30, 2024
						Duke						Duke			Duke			Duke			Duke
(in millions)			Duke			Energy			Progress			Energy			Energy			Energy			Energy
By market or type of customer			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Electric Utilities and Infrastructure
Residential			$	9,945		$	3,190		$	5,115		$	2,214		$	2,901		$	768		$	872		$	—
Commercial			6,234			2,331			2,834			1,334			1,500			448			624			—
Industrial			2,615			1,130			808			556			252			110			566			—
Wholesale			1,698			423			1,086			974			112			39			150			—
Other revenues			783			269			502			257			245			64			96			—
Total Electric Utilities and Infrastructure revenue from contracts with customers			$	21,275		$	7,343		$	10,345		$	5,335		$	5,010		$	1,429		$	2,308		$	—
Gas Utilities and Infrastructure
Residential			$	859		$	—		$	—		$	—		$	—		$	307		$	—		$	552
Commercial			434			—			—			—			—			111			—			323
Industrial			115			—			—			—			—			23			—			92
Power Generation			—			—			—			—			—			—			—			24
Other revenues			97			—			—			—			—			19			—			78
Total Gas Utilities and Infrastructure revenue from contracts with customers			$	1,505		$	—		$	—		$	—		$	—		$	460		$	—		$	1,069
Other
Revenue from contracts with customers			$	30		$	—		$	—		$	—		$	—		$	—		$	—		$	—
Total Revenue from contracts with customers			$	22,810		$	7,343		$	10,345		$	5,335		$	5,010		$	1,889		$	2,308		$	1,069
Other revenue sources(a)			$	187		$	68		$	100		$	3		$	82		$	2		$	34		$	70
Total operating revenues			$	22,997		$	7,411		$	10,445		$	5,338		$	5,092		$	1,891		$	2,342		$	1,139

(a)Other revenue sources include revenues from leases, derivatives and alternative revenue programs that are not considered revenues from contracts with customers. Alternative revenue programs in certain jurisdictions include regulatory mechanisms that periodically adjust for over or under collection of related revenues.

Reserve for Credit Losses for Trade and Other Receivables

The following table presents the reserve for credit losses for trade and other receivables.

			Three Months Ended September 30, 2024 and 2025
						Duke						Duke			Duke			Duke			Duke
			Duke			Energy			Progress			Energy			Energy			Energy			Energy
(in millions)			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Balance at June 30, 2024			$	204		$	65		$	73		$	47		$	26		$	42		$	16		$	8
Write-Offs			(29)			(13)			(16)			(10)			(6)			—			—			—
Credit Loss Expense			34			15			18			7			11			—			—			1
Other Adjustments			5			3			4			4			—			(1)			—			—
Balance at September 30, 2024			$	214		$	70		$	79		$	48		$	31		$	41		$	16		$	9
Balance at June 30, 2025			$	195		$	57		$	70		$	42		$	28		$	41		$	17		$	8
Write-Offs			(34)			(13)			(15)			(10)			(5)			(2)			(4)			—
Credit Loss Expense			25			8			10			5			5			3			4			—
Other Adjustments			13			4			2			2			—			9			—			—
Balance at September 30, 2025			$	199		$	56		$	67		$	39		$	28		$	51		$	17		$	8
			Nine Months Ended September 30, 2024 and 2025
						Duke						Duke			Duke			Duke			Duke
			Duke			Energy			Progress			Energy			Energy			Energy			Energy
(in millions)			Energy			Carolinas			Energy			Progress			Florida			Ohio			Indiana			Piedmont
Balance at December 31, 2023			$	202		$	56		$	74		$	44		$	31		$	9		$	5		$	8
Write-Offs			(97)			(41)			(49)			(29)			(20)			—			—			(4)
Credit Loss Expense			79			32			38			17			21			2			2			5
Other Adjustments			30			23			16			16			(1)			30			9			—
Balance at September 30, 2024			$	214		$	70		$	79		$	48		$	31		$	41		$	16		$	9
Balance at December 31, 2024			$	207		$	69		$	73		$	44		$	29		$	43		$	15		$	7
Write-Offs			(115)			(39)			(44)			(28)			(16)			(10)			(8)			(14)
Credit Loss Expense			73			18			28			13			15			4			10			13
Other Adjustments			34			8			10			10			—			14			—			2
Balance at September 30, 2025			$	199		$	56		$	67		$	39		$	28		$	51		$	17		$	8

X

- Definition

Tabular disclosure of allowance for credit loss on accounts receivable.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 326
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479319/326-20-50-13

+ Details

Name:	us-gaap_AccountsReceivableAllowanceForCreditLossTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of disaggregation of revenue into categories depicting how nature, amount, timing, and uncertainty of revenue and cash flows are affected by economic factor.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-5

+ Details

Name:	us-gaap_DisaggregationOfRevenueTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_RevenueFromContractWithCustomerAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of expected timing for satisfying remaining performance obligation.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)(1)
-SubTopic 10
-Topic 606
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479806/606-10-50-13

+ Details

Name:	us-gaap_RevenueRemainingPerformanceObligationExpectedTimingOfSatisfactionTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration