DUK — 10-K Filing

Income Tax ExpenseComponents of Income Tax ExpenseTax benefit from discontinued operations, in the following tables, includes income tax benefits related to the Commercial Renewables Disposal Groups. See Note 2 for further details. Year Ended December 31, 2025DukeDukeDukeDukeDukeDukeEnergyProgressEnergyEnergyEnergyEnergy(in millions)EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmontCurrent income taxes Federal(a)$(565)$(278)$134 $(118)$264 $66 $125 $65 State (6)30 21 (3)74 2 13 7 Foreign 2 — — — — — — — Total current income taxes (569)(248)155 (121)338 68 138 72 Deferred income taxes Federal 1,101 432 259 319 (57)(3)(64)37 State 135 27 76 29 9 3 11 3 Total deferred income taxes(b)1,236 459 335 348 (48)— (53)40 ITC amortization (25)(17)(5)(4)(1)— (3)— Income tax expense from continuing operations 642 194 485 223 289 68 82 112 (a) Transferrable Federal credits under IRC Section 6418 are recorded net of discount in current Federal income tax expense.(b) Total deferred income taxes include income tax attribute (generation)/utilization, under the tax sharing agreement, as follows:Duke Energy: $354 millionDuke Energy Carolinas: $(36) million Progress Energy: $(11) million226FINANCIAL STATEMENTSINCOME TAXESDuke Energy Progress: $(29) millionDuke Energy Florida: $4 millionDuke Energy Ohio: $(14) millionDuke Energy Indiana: $(45) millionPiedmont: $(2) million Year Ended December 31, 2024DukeDukeDukeDukeDukeDukeEnergyProgressEnergyEnergyEnergyEnergy(in millions) EnergyCarolinasEnergyProgressFloridaOhioIndianaPiedmontCurrent income taxes Federal$(365)$178 $359 $373 $14 $52 $70 $40 State 31 75 34 40 (12)3 12 (6)Foreign 2 — — — — — — — Total current income taxes (332)253 393 413 2 55 82 34 Deferred income taxes Federal 858 10 (22)(215)181 8 (19)40 State 81 (25)59 (6)86 1 8 21…

The risk profile above reflects the latest cached DredgeCap analysis for DUK. For the full filing-by-filing analyst report (red flags, primary risk driver, what moves the stock), open DUK's company page.