Capital Expenditures for Duke Energy (DUK)
According to Duke Energy's latest reported financial statements, the company's current capital expenditures (TTM) is $17.00B USD. Capital expenditures (CapEx) are cash outlays for property, plant, and equipment and other long-lived productive assets — reported on the cash flow statement under investing activities. CapEx funds future capacity (factories, data centers, software, machinery), so rising spend can signal investment in growth, while heavy CapEx reduces free cash flow available to shareholders. We display CapEx as a positive amount (the absolute cash outflow); compare with revenue to gauge capital intensity and with total assets for the asset-base context.
Headline TTM above sums the four reported quarters through (reported ). Chart and table below cover the full reported history back to .

DUK
Currently viewingCapital ExpendituresSwitch metric
Latest period
$17.00B
YoY change
+14.2%
5Y CAGR
+7.2%
Peak year (2025)
$14.02B
Cumulative capital expenditures
$188.86B
CapEx history chart for Duke Energy (DUK) from 1994 to 2025
CapEx history table for Duke Energy (DUK) from 1994 to 2025
| Fiscal year | Period ended | Reported | Capital Expenditures | YoY |
|---|---|---|---|---|
| 2025 | $14.02B | +14.2% | ||
| 2024 | $12.28B | -2.6% | ||
| 2023 | $12.60B | +10.9% | ||
| 2022 | $11.37B | +17.0% | ||
| 2021 | $9.71B | -1.9% | ||
| 2020 | $9.91B | -10.9% | ||
| 2019 | $11.12B | +18.5% | ||
| 2018 | $9.39B | +16.6% | ||
| 2017 | $8.05B | +1.9% | ||
| 2016 | $7.90B | +16.8% | ||
| 2015 | $6.77B | +25.7% | ||
| 2014 | $5.38B | -2.6% | ||
| 2013 | $5.53B | +0.5% | ||
| 2012 | $5.50B | +26.1% | ||
| 2011 | $4.36B | -9.2% | ||
| 2010 | $4.80B | +9.4% | ||
| 2009 | $4.39B | +0.1% | ||
| 2008 | $4.39B | +40.4% | ||
| 2007 | $3.13B | -7.6% | ||
| 2006 | $3.38B | +46.4% | ||
| 2005 | $2.31B | +12.4% | ||
| 2004 | $2.06B | -16.8% | ||
| 2003 | $2.47B | -49.8% | ||
| 2002 | $4.92B | -17.0% | ||
| 2001 | $5.93B | +5.3% | ||
| 2000 | $5.63B | -5.1% | ||
| 1999 | $5.94B | +174.9% | ||
| 1998 | $2.16B | +63.2% | ||
| 1997 | $1.32B | +104.7% | ||
| 1996 | $646.50M | -9.4% | ||
| 1995 | $713.30M | -7.7% | ||
| 1994 | $772.50M | — |
CapEx values are taken from Duke Energy's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
The 2025 reading of Duke Energy (DUK) capital expenditures is $14.02B – grew 14.2% year-over-year.
Duke Energy capital expenditures compound annual growth for the 2020–2025 (5 years) window is +7.2%, with the latest reading among the more recent periods of the dataset.
2025 marks the peak capital expenditures at $14.02B, with the historical low of $646.50M recorded in 1996.
Among 8 Utilities peers, Duke Energy (DUK) ranks 1st; the peer median for capital expenditures is $6.61B.
Duke Energy Capital Expenditures by Year
Duke Energy Capital Expenditures 2025: $14.02B
Duke Energy capital expenditures in 2025 was $14.02B, grew 14.2% from 2024. This figure represents the highest annual value in the available history.
Duke Energy Capital Expenditures 2024: $12.28B
Duke Energy capital expenditures in 2024 was $12.28B, edged down 2.6% below 2023.
Duke Energy Capital Expenditures 2023: $12.60B
Duke Energy capital expenditures in 2023 was $12.60B, grew 10.9% from 2022.
Duke Energy Capital Expenditures 2022: $11.37B
Duke Energy capital expenditures in 2022 was $11.37B, grew 17.0% from 2021.
Duke Energy Capital Expenditures 2021: $9.71B
Duke Energy capital expenditures in 2021 was $9.71B.
See more financial history for Duke Energy (DUK).
Sector peers — CapEx
Companies in the same sector as Duke Energy, ranked by their latest capital expenditures.
| Company | Capital Expenditures | Sector |
|---|---|---|
| The Southern Company (SO) | $13.39B | Utilities |
| Dominion Energy, Inc. (D) | $12.64B | Utilities |
| Sempra (SRE) | $10.61B | Utilities |
| NextEra Energy, Inc. (NEE) | $9.27B | Utilities |
| Vistra Corp. (VST) | $3.94B | Utilities |
| Constellation Energy Corporation (CEG) | $2.95B | Utilities |
| GE Vernova Inc. (GEV) | $1.28B | Utilities |
| American Electric Power Company, Inc. (AEP) | $130.00M | Utilities |
Frequently asked questions
What is Duke Energy's capital expenditures?
- Latest reported capital expenditures for Duke Energy (DUK) is $17.00B (period ending December 31, 2025).
How has Duke Energy capital expenditures changed year-over-year?
- Duke Energy (DUK) capital expenditures changed +14.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Duke Energy capital expenditures?
- Duke Energy (DUK) capital expenditures compound annual growth rate is +7.2% over the most recent 5 years available.
When did Duke Energy capital expenditures hit its highest annual value?
- Duke Energy capital expenditures reached its highest annual value of $14.02B in 2025.
What was Duke Energy capital expenditures in 2024?
- Duke Energy (DUK) capital expenditures in 2024 was $12.28B.
What was Duke Energy capital expenditures in 2025?
- Duke Energy (DUK) capital expenditures in 2025 was $14.02B.
Metrics overview
Pick a metric for charts, filings, and peers — each row shows the latest TTM or annual value with year-over-year change.
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