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Duke Energy Corporation, through its subsidiaries, operates as an energy company in the United States. The company operates through two segments: Electric Utilities and Infrastructure (EU&I); and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity to customers in the Southeast and Midwest regions. It generates electricity through coal, hydroelectric, natural gas, oil, renewables, and nuclear fuel. This segment also engages in the wholesale of electricity to municipalities, electric cooperative utilities, and other load-serving entities. The GU&I segment distributes natural gas to customers in the residential, commercial, industrial, and power generation natural gas sectors; and invests in pipeline transmission projects, renewable natural gas projects, and natural gas storage facilities. The company was formerly known as Duke Energy Holding Corp. and changed its name to Duke Energy Corporation in April 2006. Duke Energy Corporation was founded in 1904 and is headquartered in Charlotte, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $32.2B | $17.1B | $5.0B | $-1.7B | 9.8% | 6.2% | 9.8% |
| 2024 | $30.4B | $15.0B | $4.5B | $48M | 9.2% | 4.5% | 59.2% |
| 2023 | $29.1B | $13.9B | $2.8B | $-2.7B | 6.0% | 1.0% | 11.4% |
| 2022 | $28.8B | $12.4B | $2.5B | $-5.4B | 5.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 28,768 | 29,060 | 30,357 | 32,237 |
| Cost Of Revenue | 15,792 | 15,304 | 15,160 | 15,739 |
| Gross Profit | 12,976 | 13,756 | 15,197 | 16,498 |
| Operating Expense | 6,552 | 6,653 | 7,259 | 7,921 |
| Operating Income | 6,424 | 7,103 | 7,938 | 8,577 |
| EBITDA | 12,360 | 13,865 | 14,997 | 17,050 |
| EBIT | 6,517 | 7,781 | 8,578 | 9,346 |
| Pretax Income | 4,078 | 4,767 | 5,194 | 5,712 |
| Tax Provision | 300 | 438 | 590 | 642 |
| Net Income | 2,550 | 2,841 | 4,524 | 4,968 |
| Net Income Common Stockholders | 2,444 | 2,735 | 4,402 | 4,912 |
| Total Expenses | 22,344 | 21,957 | 22,419 | 23,660 |
| Interest Expense | 2,439 | 3,014 | 3,384 | 3,634 |
| Interest Income | 27 | 29 | 63 | 51 |
| Normalized EBITDA | 12,575 | 13,700 | 14,776 | 16,673 |
| Normalized Income | 4,072.18 | 4,146.16 | 4,318.10 | 4,632.37 |
| Market Cap | 99,043.64 | 99,043.64 | 99,043.64 | 99,043.64 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Duke Energy Corporationthis co. | DUK | $100.2B | 19.94↓ discount | 1.95 | 9.8% | 11.12 |
| The Southern Company | SO | $103.0B | 24.28 | 2.93 | 12.1% | 12.46 |
| Constellation Energy Corporation | CEG | $98.3B | 48.98 | 7.82 | 16.0% | 19.96 |
| American Electric Power Company, Inc. | AEP | $72.0B | 20.46 | 2.35 | 11.5% | 13.26 |
| Vistra Corp. | VST | $69.7B |
| 58.94 |
| 21.23 |
| 36.0% |
| 14.82 |
| Sempra | SRE | $62.3B | 33.15 | 1.93 | 5.8% | 18.21 |
| Dominion Energy, Inc. | D | $55.0B | 18.35 | 1.96 | 10.7% | 12.47 |
| Entergy Corporation | ETR | $50.6B | 29.34 | 3.07 | 10.5% | 13.19 |
| Exelon Corporation | EXC | $48.0B | 17.34 | 1.67 | 9.6% | 10.76 |
| Peer Median | - | 26.81 | 2.64 | 11.1% | 13.23 | |