Fourth Quarter 2023 Earnings Review and Business Update
DUKE ENERGY CORPORATION
ADJUSTED BOOK RETURN ON EQUITY (ROES)
For the period ended December 31, 2021
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 2021
$
1,336 $
991
$
2,327
$
738
$
481
$
219 (2)
$
Special Items
(1)
Adjusted Net Income 2021
130
31
161
22
11
1,466
1,022
2,488
760
492
219
Piedmont
303 (3)
10
313
2021
Equity
13,891
9,551
23,442
8,295
5,015
4,464
3,277
(4)
Goodwill
920
49
Equity less Goodwill
13,891
9,551
23,442
8,295
5,015
3,544
3,228
2020
Equity
Goodwill
Equity less Goodwill
Average Equity less Goodwill
Adjusted Book ROES
13,154
9,260
22,414
7,558
4,783
3,935
2,647 (4)
920
49
13,154
9,260
22,414
7,558
4,783
3,015
2,598
22,928
7,927
4,899
3,280
2,913
10.9%
9.6%
10.0%
6.7%
10.7%
(1) Impacts of Regulatory Settlements for coal ash, net of tax and Workplace and Workforce Realignment, net of tax
(2) Net Income for 2021 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.
2021
310
(7)
303
(4) Reconciliation of Piedmont Natural Gas Equity to reported equity:
2021
2020
Reported Equity for Piedmont Natural Gas
Less: Investments in Gas Transmission Infrastructure
3,349
72
2,715
68
Piedmont Natural Gas Adjusted Equity
3,277
2,647View entire presentation