Duke Energy Corporation entered into an Equity Distribution Agreement with multiple sales agents and forward purchasers to establish an at-the-market equity distribution program for up to $6 billion of common stock. The program enables direct share sales or forward sale agreements with physical, cash, or net share settlement options upon maturity.
Key takeaways
Entered Equity Distribution Agreement dated March 6, 2026 with 22 Sales Agents including Barclays Capital Inc., BofA Securities, Inc., Goldman Sachs & Co. LLC
Aggregate sales price capacity of $6,000,000,000 of common stock (par value $0.001 per share)
Sales Agents receive commission up to 1.00% of sales price; Forward Sellers receive similar commission embedded in forward pricing
Forward transactions include Initially-Priced Forward Transactions (cash/net share settlement possible) and Collared Forward Transactions (physical settlement with floor/cap)
Exhibits include legal opinion (5.1), Initially-Priced Forward form (10.1), Collared Forward form (10.2), and Equity Distribution Agreement (99.1)