DUK · 8-K · 20260804PR000037
Asset Sale Impact
Duke Energy CORP · 2026-08-04 · Importance 53 · Surprise 60 · In source text
Piedmont Natural Gas closed the sale of its Tennessee business on March 31, 2026. The Gas Utilities and Infrastructure segment reported a $374 million net gain on sales of other assets and other items for the six months ended June 30, 2026. Piedmont Natural Gas LDC recorded $652 million of gains on sales of other assets and other items, while segment-level results were reduced by $284 million because of higher allocated goodwill related to the Piedmont Tennessee Disposal Group. The divestiture reduced Piedmont Natural Gas average customers by 200,119, or 16.7%, in the second quarter and by 131,217, or 10.9%, for the six-month period.
Key facts
- Gains on sale in Gas Utilities and Infrastructure six months include a line noting the gain on sale is $284 million lower at the Gas segment level due to higher allocated goodwill related to the Piedmont Tennessee Disposal Group. source
- On March 31, 2026, Piedmont closed on the sale of its Tennessee business. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| operating_income | negative | realized | -3.7% | Gains on sale in Gas Utilities and Infrastructure six months include a line noting the gain on sale is $284 million lower at the Gas… |