District energy systems, especially those integrating renewables or low exergy sources, have multiple elements for generating heating and cooling. Some of these elements might be used for both purposes: heating and cooling, either simultaneously or alternatively. This makes it more complex to separate the assessment and have a clear picture on performance of cooling service on one side, and heating services on the other, in terms of energy, environmental, and economic results. However, a correct comparison between different district energy configurations or among district energy and conventional solutions requires split assessment of each service. The paper presents a methodology for calculating different district heating and cooling system key performance indicators (KPIs), distinguishing between heating and cooling ones. A total of eleven indicators are organized under four categories: energy, environment, economy and socio-economy. Each KPI is defined for heating service and for cooling service. According to this, the methodology proposes a demand-based and an investment-based share factors that facilitate the heating and cooling KPI calculation.