Filing Flows › Duke Energy (DUK) › Q2 2025
Duke Energy (DUK) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Duke Energy (DUK) reported revenue of $7.5B for the second quarter 2025 (Q2 2025), +5% from a year earlier and -9% from the quarter before. Operating margin was 24.4%, net earnings $984M (13.1% of revenue).
Duke Energy, Q2 2025: revenue $7.5B (+5% year over year), operating margin 24.4%, net earnings $984M, operating cash flow $2.9B. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.5B | -9% | +5% |
| Operating profit | $1.8B | -22% | +7% |
| Net earnings | $984M | -29% | +9% |
| Operating cash flow | $2.9B | +32% | -3% |
What changed
Revenue was $7.5B in Q2 2025, up 5% year over year and down 9% from the previous quarter. Electric Utilities and Infrastructure was the largest line at 92% of revenue. Electric Utilities and Infrastructure added $0.14B year over year (up 2%), 41% of the total change.
Operating profit was $1.8B, a 24.4% margin (up 0.6 points year over year). Of the extra revenue versus a year earlier, 37% reached operating profit, above the 24% margin then. Total costs grew 4% against revenue growth of 5%. Net earnings were $1.0B, up 9% year over year. The effective tax rate was 10.6%.
Operating cash flow was $2.9B (down 3% year over year), 284% of net income including minority interests. Non-cash charges added back $2.0B of depreciation and amortization. Capital expenditures of $3.3B exceeded it, leaving free cash flow of −$0.42B.
Questions
What was Duke Energy's revenue in the second quarter 2025?
Duke Energy (DUK) reported revenue of $7.5B for the second quarter 2025 (Q2 2025), +5% from a year earlier and -9% from the quarter before.
Was Duke Energy profitable in the second quarter 2025?
Operating profit was $1.8B (24.4% of revenue) and net earnings $984M.
Source: Duke Energy 10-Q on SEC EDGAR.