Duke Energy’s Revenue by Segment (2016-2023)

This statistic highlights Duke Energy’s Revenue by Segment, split across Commercial Renewables, Electric Utilities & Infrastructure, and Gas Utilities & Infrastructure, reported quarterly from Q1 2016 onwards.

Duke Energy’s Revenue by Segment

(All figures in USD, except percentages)

Duke Energy generated $7,309 million from commercial renewables in Q1 2023. The revenue generated by this segment has increased by 5940% year-over-year growth from $121 million in Q1 2022. Revenue from commercial renewables contributed 34% of the total revenue generated in Q1 2023.Duke Energy generated $6,398 billion from electric utilities and infrastructure in Q1 2023. The revenue generated by this segment has increased by 6% year-over-year growth from $6,002 billion in Q1 2022. Revenue from electric utilities and infrastructure contributed 57% of the total revenue generated in Q1 2023.Duke Energy generated $911 million from gas utilities and infrastructure in Q1 2023. However, the revenue generated by this segment has declined by 11% year-over-year growth from $1,032 million in Q1 2022. Revenue from gas utilities and infrastructure contributed 9% of the total revenue generated in Q1 2023.

Commercial Renewables

Commercial Renewables Energy involve investing in and generating electricity from renewable sources like wind and solar. They aim to reduce their carbon footprint, provide cleaner energy options, and meet environmental sustainability goals. This includes developing and operating solar and wind projects and promotes energy efficiency programs for commercial customers.

Electric Utilities and Infrastructure

It refers to the operations and assets involved in generating, transmitting, and distributing electricity to customers. The key components of electric utilities and infrastructure are:

• Power generation: It owns and operates a diverse portfolio of power generation facilities. These include fossil fuel-based power plants (such as coal, oil, and natural gas), nuclear power plants, and a growing number of renewable energy assets (such as solar and wind farms).
• Distribution: It involves delivering electricity from the transmission network to individual customers. It comprises lower-voltage distribution lines, transformers, and distribution substations.
• Grid operations: Grid operations involve monitoring and managing the flow of electricity across its transmission and distribution systems. This includes optimizing power flow, managing power outages, and ensuring the overall reliability of the electric grid.

Gas Utilities and Infrastructure

It focuses on the distribution and delivery of natural gas to customers. Let’s see the various aspects of Gas Utilities and Infrastructure:

• Gas Distribution System: The company operates an extensive network of pipelines and distribution systems to transport natural gas from the main transmission lines to individual customers.
• Metering and Measurement: It installs gas meters at customer locations to measure and monitor gas usage accurately. These meters record the volume of natural gas consumed, allowing customers to be billed accordingly.
• Infrastructure Maintenance: It is responsible for maintaining and upgrading the gas infrastructure, including meters, pipelines, and related equipment.

About Duke Energy’s

Duke Energy Corporation is a leading electric power holding company in the United States. It was established in 1904 and is headquartered in Charlotte, North Carolina. It serves around 7.9 million electric customers and 1.6 million natural gas customers across multiple states in the United States. The company generates electricity from various sources, including coal, natural gas, nuclear, hydroelectric, and renewable energy.

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