Filing Flows › Duke Energy (DUK) › Q1 2026
Duke Energy (DUK) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Duke Energy (DUK) reported revenue of $9.2B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +16% from the quarter before. Operating margin was 29.7%, net earnings $1.6B (16.9% of revenue).
Duke Energy, Q1 2026: revenue $9.2B (+11% year over year), operating margin 29.7%, net earnings $1.6B, operating cash flow $1.5B. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $9.2B | +16% | +11% |
| Operating profit | $2.7B | +29% | +16% |
| Net earnings | $1.6B | +31% | +12% |
| Operating cash flow | $1.5B | -59% | -31% |
What changed
Revenue was $9.2B in Q1 2026, up 11% year over year and up 16% from the previous quarter. Electric Utilities and Infrastructure was the largest line at 84% of revenue. Electric Utilities and Infrastructure added $0.62B year over year (up 9%), 67% of the total change.
Operating profit was $2.7B, a 29.7% margin (up 1.3 points year over year). Of the extra revenue versus Q1 2025, 41% reached operating profit, above the 28% margin then. Total costs grew 9% against revenue growth of 11%. Net earnings were $1.6B, up 12% year over year. The effective tax rate was 17.4%.
Operating cash flow was $1.5B (down 31% year over year), 96% of net earnings. Non-cash charges added back $1.9B of depreciation and amortization. Working capital and other items used $1.9B. Capital expenditures of $4.1B exceeded it, leaving free cash flow of −$2.6B.
Questions
What was Duke Energy's revenue in the first quarter 2026?
Duke Energy (DUK) reported revenue of $9.2B for the first quarter 2026 (Q1 2026), +11% from a year earlier and +16% from the quarter before.
Was Duke Energy profitable in the first quarter 2026?
Operating profit was $2.7B (29.7% of revenue) and net earnings $1.6B.
Source: Duke Energy 10-Q on SEC EDGAR.