Fourth Quarter 2023 Earnings Review and Business Update
DUKE ENERGY CORPORATION
REPORTED TO ADJUSTED EARNINGS RECONCILIATION
Year Ended December 31, 2023
(Dollars in millions, except per share amounts)
Special Items
Reported
Earnings
Regulatory
Matters
Organizational
Optimization
Discontinued
Operations
Total
Adjustments
Adjusted
Earnings
SEGMENT INCOME (LOSS)
Electric Utilities and Infrastructure
Gas Utilities and Infrastructure
Total Reportable Segment Income
Other
Discontinued Operations
$ 4,223
519
$
64 A $
$
$
64
$ 4,287
519
4,742
64
64
4,806
(616)
95 B
95
(521)
(1,391)
1,391 C
1,391
Net Income Available to Duke Energy Corporation Common Stockholders
$
2,735
64
$
95 $
EPS AVAILABLE TO DUKE ENERGY CORPORATION COMMON STOCKHOLDERS
$
3.54
$
0.08
$
0.13
$
1,391 $
1.81 $
1,550
4,285
2.02 $
5.56
A - Net of $10 million tax benefit at Duke Energy Carolinas and $10 million tax benefit at Duke Energy Progress.
$35 million recorded within Impairment of assets and other charges and $8 million within Operations, maintenance and other on the Duke Energy Carolinas' Consolidated Statements of
Operations primarily related to the North Carolina rate case order.
$33 million recorded within Impairment of assets and other charges and $8 million within Operations, maintenance and other on the Duke Energy Progress' Consolidated Statements of
Operations primarily related to the North Carolina rate case order.
B - Net of $29 million tax benefit. $110 million recorded within Operations, maintenance and other and $14 million within Impairment of assets and other charges on the Consolidated Statements of
Operations primarily related to strategic repositioning to a fully regulated utility.
C - Recorded in Loss from Discontinued Operations, net of tax, and Net (Income) Loss Attributable to Noncontrolling Interests on the Consolidated Statements of Operations.
Weighted Average Shares (reported and adjusted) - 771 millionView entire presentation