Fourth Quarter 2023 Earnings Review and Business Update
DUKE ENERGY CORPORATION
ADJUSTED BOOK RETURN ON EQUITY (ROES)
For the period ended December 31, 2023
dollars in millions
Duke Energy
Duke Energy Duke Energy
Duke Energy
Duke Energy
Ohio Reportable
Carolinas
Progress
Total Carolinas
Florida
Indiana
Segments
Reported Net Income 2023
$
1,470 $
998 $
2,468
$
1,016
$
497
$
343 (2)
Special Items
(1)
74
47
121
11
9
3
Adjusted Net Income 2023
1,544
1,045
2,589
1,027
506
346
$
Piedmont
372 (3)
3
375
2023
Equity
16,907
10,807
27,714
10,043
5,013
5,100
3,964 (4)
Goodwill
920
49
Equity less Goodwill
16,907
10,807
27,714
10,043
5,013
4,180
3,915
2022
Equity
Goodwill
Equity less Goodwill
Average Equity less Goodwill
Adjusted Book ROES
15,442
10,309
25,751
9,023
4,703
4,766
3,588 (4)
920
49
15,442
10,309
25,751
9,023
4,703
3,846
3,539
26,733
9,533
4,858
4,013
3,727
9.7%
10.8%
10.4%
8.6%
10.1%
(1) Impacts of Regulatory Matters, net of tax and Organizational Optimization, net of tax
(2) Net Income for 2023 equals Duke Energy Ohio reportable segments segment income
(3) Piedmont Natural Gas Net Income excludes $7 million of income related to Investments in Gas Transmission Infrastructure.
2023
379
(7)
372
(4) Reconciliation of Piedmont Natural Gas Equity to reported equity:
2023
2022
Reported Equity for Piedmont Natural Gas
Less: Investments in Gas Transmission Infrastructure
4,052
88
3,673
85
Piedmont Natural Gas Adjusted Equity
3,964
3,588View entire presentation