Fourth Quarter 2023 Earnings Review and Business Update
DUKE ENERGY CORPORATION
ADJUSTED BOOK RETURN ON EQUITY (ROES)
For the period ended December 31, 2022
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 2022
$
1,600 $
1,008 $
2,608
$
909
$
270
$
310 (2)
$
Special Items
(1)
Adjusted Net Income 2022
58
11
69
11
183
4
1,658
1,019
2,677
920
453
314
Piedmont
317 (3)
14
331
2022
Equity
15,442
10,309
25,751
9,023
4,703
4,766
3,588 (4)
Goodwill
920
49
Equity less Goodwill
15,442
10,309
25,751
9,023
4,703
3,846
3,539
2021
Equity
Goodwill
Equity less Goodwill
Average Equity less Goodwill
Adjusted Book ROES
13,891
9,551
23,442
8,295
5,015
4,464
3,277 (4)
920
49
13,891
9,551
23,442
8,295
5,015
3,544
3,228
24,597
8,659
4,859
3,695
3,384
10.9%
10.6%
9.3%
8.5%
9.8%
(1) Impacts of Regulatory Matters & Litigation, net of tax and Workplace and Workforce Realignment, net of tax
(2) Net Income for 2022 equals Duke Energy Ohio reportable segments segment income
(3) Piedmont Natural Gas Net Income excludes $6 million of income related to Investments in Gas Transmission Infrastructure.
2022
323
317
(4) Reconciliation of Piedmont Natural Gas Equity to reported equity:
2022
2021
Reported Equity for Piedmont Natural Gas
Less: Investments in Gas Transmission Infrastructure
Piedmont Natural Gas Adjusted Equity
3,673
85
3,588
3,349
72
3,277View entire presentation