Fourth Quarter 2023 Earnings Review and Business Update
Electric utilities quarterly weather impacts
Weather segment
2023
income to normal:
Pretax
Weighted
EPS impact
Pretax
2022
Weighted
impact
avg. shares
favorable /
impact
avg. shares
EPS impact
favorable /
(unfavorable)
(unfavorable)
First Quarter
($225)
770
($0.22)
($33)
770
($0.03)
Second Quarter
($58)
771
($0.06)
$104
770
$0.10
Third Quarter
$94
771
$0.09
$32
770
$0.03
Fourth Quarter
($56)
771
($0.06)
($9)
770
($0.01)
Year-to-Date(1)
($245)
771
($0.25)
$94
770
$0.09
Duke Energy
4Q 2023
Carolinas
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Duke Energy
Indiana
Ohio/KY
Heating degree days /
Variance from normal
Cooling degree days /
Variance from normal
1,117
(9.3%)
962 (12.8%)
138 (27.7%)
1,650 (15.4%)
1,569 (13.2%)
45
3.3%
55 (13.3%)
476 (2.3%)
39
84.4%
31
34.3%
4Q 2022
Duke Energy
Carolinas
Duke Energy
Progress
Duke Energy
Florida
Duke Energy
Indiana
Duke Energy
Ohio/KY
Heating degree days /
Variance from normal
Cooling degree days /
Variance from normal
1,301
5.1%
1,061 (4.6%)
169 (10.4%)
1,945 (30.0%)
1,799 (1.2%)
21
(50.9%)
48
(22.8%)
544
11.1%
1
(94.2%)
1
(92.5%)
(1) Year-to-date amounts may not foot due to differences in weighted-average shares outstanding and/or rounding
DUKE
ENERGY. FOURTH QUARTER 2023 EARNINGS REVIEW AND BUSINESS UPDATE
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