TickerDUK
SectorRegulated Electric
Mkt cap$96.8B
EV / EBITDA11.6×
PostureQuiet Power
Composite64/100
LensBuyer-side

SE-Cluster Research·Issuer Brief·Q2 2026CIK 1326160

Duke Energy Corporation

DUKQUIET POWERFILING INTENSITY

Duke Energy Corporation reads as an Quiet Power (composite 64/100); Selective Buyer deploying $0 across 0 disclosed transactions, running flat vs the prior cycle · primary market Energy Infrastructure.

Lens

Disclosed M&A capital (2023–2025)

N/A

flat

vs N/A in 2020–2022

Disclosed transactions

N/A

flat

0/3 active fiscal years in window

Buyer archetype

Selective Buyer

Acquisition use is visible but targeted.

Composite score

/100

Quiet Power dominates · Filing Intensity

Financial snapshotRevenue$33.3B
EBITDA$15.9B
Enterprise value$184.9B
EV / Revenue5.6×
EV / EBITDA11.6×
P/EN/A
Cash$2.1B
Total debt$2.4B
as of 2026-05-10

§ I·SE-Cluster Issuer Brief

Behavioral posture, nine reads.

Each index scores the issuer 0–100 against an EDGAR-anchored definition. Scores ≥ threshold elevate the issuer into the index's constituent set; the dominant index drives the masthead label.

Active Acquirer

35/100

Companies actively deploying disclosed capital into M&A

$863M disclosed buyer spend

Buyer Cadence

16/100

Buyer-side companies with recent filing activity

485 8-Ks

Target Probability

2/100

Issuers showing target-side patterns from filings

Spin/Carve

0/100

Issuers showing spin-off, carve-out, or sum-of-parts posture

Pressure Watch

12/100

Issuers facing activism, governance, or control pressure

Distress Watch

0/100

Issuers showing financial-distress filing patterns

Restatement Risk

0/100

Issuers with accounting-integrity flags from filings

Capital Velocity

62/100

Issuers with the highest filing-activity intensity

485 8-Ks
4 form types

Quiet Power

Dominant

64/100

Large issuers with low signal volume and clean disclosure cadence

Enterprise value $184.9B
10-Q 67d ago
1 active signals

§ II·SE-Cluster Issuer Brief

Capital cadence.

No disclosed M&A capital in the 10-year window.

This issuer has not disclosed material acquisition spend or count in the last ten fiscal years.

§ III·SE-Cluster Issuer Brief

Strategy posture.

The buyer's playbook in terms of strategic archetype: what each disclosed move says about how they're deploying capital.

Archetype mix

Geographic Expansion
33%
Bolt On
33%
Platform
33%

Strategy keywords

Terms recurring across recent 10-K acquisition disclosures.

geographic_expansion
horizontal_consolidation
platform
tuck_in
bolt_on

§ IV·SE-Cluster Issuer Brief

Filing language.

Direct excerpts from acquisition disclosures and strategy sections: the verbs the buyer chose, in the filings they signed.

“Duke Energy is reducing its environmental footprint while meeting demand for reliable, clean energy by investing in zero carbon wind power”

10-KFY2009

“Duke Energy acquired the wind power development assets ... supports Duke Energy’s strategy to increase its investment in renewable energy.”

10-KFY2007

“The acquisition is consistent with Duke Energy’s plan to meet customers’ electric needs for the foreseeable future.”

10-KFY2007

“Duke Energy consolidates assets and liabilities from acquisitions as of the purchase date”

10-KFY2009

“Duke Energy’s strategy to increase its investment in renewable energy.”

10-KFY2008

§ V·SE-Cluster Issuer Brief

Market context.

Where this issuer sits inside its SE-Cluster rollup wedge, with disclosed-spend rank plus trading comparables against the public peer set.

Primary market

Energy Infrastructure

Market spend (2023–2025): $86.6B
Market spend (2020–2022): $40.3B
Recent vs prior: +115%
Issuer rank in market: N/A
Share of market capital: 0.0%

Valuation positioning

11.6×EV / EBITDA

DUK trades at a -1.3-turn discount to the Energy Infrastructure peer median of 12.9×.

EV / Revenue: 5.6×
Net debt / EBITDA: 0.0×
Peer median EV / EBITDA: 12.9×

Trading comparables

FMP market data · 2026-05-10

Company	EV / EBITDA	EV / Rev	Net debt / EBITDA	Revenue	M&A 2023–2025
Clearway Energy, Inc.CWEN	19.9×	11.8×	9.3×	$1.5B	$1B
PPL CorporationPPL	13.3×	4.8×	-0.3×	$9.3B	$3.7B
SLB LimitedSLB	12.5×	2.5×	0.9×	$35.9B	$5.8B
Duke Energy CorporationDUK	11.6×	5.6×	0.0×	$33.3B	N/A
ConocoPhillipsCOP	7.0×	2.7×	-0.2×	$58.3B	$2.7B

Trading multiples from FMP market data; disclosed M&A spend from the SE-Cluster EDGAR 10-K corpus. Peer set = top disclosed buyers in Energy Infrastructure. Bars scaled to the highest EV/EBITDA in the set.

§ VI·SE-Cluster Issuer Brief

Target landscape.

Public-issuer targets that fit this buyer's archetype and target categories from filing-derived signal. Scores reflect cross-signal fit; reasons cite the EDGAR-anchored facts that drove the match.

No qualifying public-issuer targets surfaced from the current signal mix.

Stated target categories

No target categories enumerated in the audited corpus for this issuer.

§ VII·SE-Cluster Issuer Brief

Filing activity & signal stream.

Filing cadence and event-driven signals visible on EDGAR. The signal stream below is curated from restatement / spin-carve / activism categories, providing context for any near-term call.

Filing cadence

10-K (annual)232026-02-26
10-Q (quarterly)622026-05-05
8-K (event)4852026-05-05
Proxy / DEF 14A482026-03-24
Activism (13D / DFAN / PREC)0N/A

Signals on file

info
Signal
10-K strategy themes

§ VIII·SE-Cluster Issuer Brief

Audited corpus.

No audited record on file for this CIK in the current v6 corpus.

This issuer has not been extracted into the v6 audited acquirer corpus yet. The brief above pulls from ranking-level aggregates and issuer-index signal only.

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