DUK · 8-K · 20261105PR000048

Asset Sale Impact

Duke Energy CORP · 2026-11-05 · Importance 46 · Surprise 42

Piedmont Natural Gas closed the sale of its Tennessee business on March 31, 2026. Piedmont Natural Gas LDC reported a $652 million gain on sales of other assets and other, net, for the nine months ended September 30, 2026. At the Gas Utilities and Infrastructure segment level, the gain was $284 million lower because of higher goodwill allocated to the Piedmont Tennessee Disposal Group.

Key facts

• Duke Energy recorded $368 million in gains on sales of other assets and other, net, and $7 million in property and other taxes related to the sale of Piedmont's Tennessee business. source
• Gas Utilities and Infrastructure reported $374 million in gains on sales of other assets and other, net, for the first nine months of 2026. source
• Duke Energy recorded $6 million in gains on sales of other assets and other, net, related to the sale of certain renewable natural gas investments. source
• On March 31, 2026, Piedmont closed on the sale of its Tennessee business. source