Filing Flows › Duke Energy (DUK) › Q2 2026 › vs Q1 2026
Duke Energy (DUK) Q2 2026 vs Q1 2026 (quarter over quarter)
Duke Energy's revenue fell $1.6B (-17%) from $9.2B in Q1 2026 to $7.6B in Q2 2026. The biggest changes: Gas Utilities and Infrastructure −$916M (-70%); Electric Utilities and Infrastructure −$651M (-8%); Other revenues −$19.0M (-10%). Operating margin 27.0% against 29.7% (-2.7 pts).
Duke Energy, Q2 2026: revenue $7.6B (+1% year over year), operating margin 27.0%, net earnings $1.1B, operating cash flow $2.8B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 27.0% | 29.7% | -2.7 pts |
| Net margin | 14.4% | 16.9% | -2.5 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electric Utilities and Infrastructure | $7.0B | $7.7B | −$651M | -8% |
| Gas Utilities and Infrastructure | $398M | $1.3B | −$916M | -70% |
| Other revenues | $169M | $188M | −$19.0M | -10% |
| Revenue | $7.6B | $9.2B | −$1.6B | -17% |
| Operating profit | $2.0B | $2.7B | −$676M | -25% |
| Costs & expenses | $5.5B | $6.5B | −$910M | -14% |
| Pre-tax earnings | $1.3B | $1.9B | −$605M | -32% |
| Other expense, net | $744M | $815M | −$71.0M | -9% |
| Net earnings | $1.1B | $1.6B | −$458M | -30% |
| Minority interests | $53.0M | $27.0M | $26.0M | +96% |
| Income tax | $160M | $333M | −$173M | -52% |
| Depreciation & amortization | $1.8B | $1.9B | −$66.0M | -4% |
| Working capital & other | $150M | $1.9B | −$1.8B | -92% |
| Operating cash flow | $2.8B | $1.5B | $1.2B | +83% |
| Capital expenditures | $4.2B | $4.1B | $64.0M | +2% |
| Negative free cash flow (OCF − capex) | $1.4B | $2.6B | −$1.2B | -46% |
Questions
How much did Duke Energy's revenue grow quarter over quarter in Q2 2026?
Duke Energy's revenue fell $1.6B (-17%) from $9.2B in Q1 2026 to $7.6B in Q2 2026.
What drove Duke Energy's revenue change in Q2 2026?
Gas Utilities and Infrastructure −$916M (-70%); Electric Utilities and Infrastructure −$651M (-8%); Other revenues −$19.0M (-10%).