Q2 / 2025 Earnings Review and Business Update Harry Sideris / President and CEO Brian Savoy / Executive Vice President and CFO August 5, 2025 This presentation includes forward-looking statements within the meaning of the federal securities laws. Actual results could differ materially from such forward- looking statements. The factors that could cause actual results to differ are discussed herein and in Duke Energy's SEC filings, available at www.sec.gov. Regulation G disclosure SECOND QUARTER 2025 EARNINGS ...

此外，杜克能源表示，将以60亿美元现金将其佛罗里达业务19.7%的间接股权出售给布鲁克菲尔德资产 管理公司(BAM.US)，为其增加40亿美元的资本支出计划提供资金。布鲁克菲尔德资产管理公司将分阶 段收购少数股权，首先在2026年初支付28亿美元。 智通财经APP获悉，杜克能源(DUK.US)公布的第二季度财报显示，当季营收同比增长5%至75.1亿美 元，高于分析师普遍预期的74.2亿美元;得益于电价上涨，调整后的每股收益为1.25美元，高于上年同期 的1.18美元和分析师普遍预期的1.18美元。该公司重申2025年调整后每股收益为6.17-6.42美元的预期， 分析师普遍预期为6.32美元。 ...

Duke Energy reports second-quarter 2025 financial results News Release Media Contact: Gillian Moore 24-Hour: 800.559.3853 Analyst Contact: Abby Motsinger Office: 704.382.7624 August 5, 2025 CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced second-quarter 2025 reported EPS, prepared in accordance with Generally Accepted Accounting Principles (GAAP), and adjusted EPS of $1.25. This is compared to reported EPS of $1.13 and adjusted EPS of $1.18 for the second quarter of 2024. Adjusted EPS excludes the ...

Core Viewpoint - Duke Energy has entered into a definitive agreement with Brookfield to acquire a 19.7% indirect equity interest in Duke Energy Florida for $6 billion, which will enhance its financial position and support its capital investment plans [1][2][3]. Financial Impact - The all-cash transaction is expected to strengthen Duke Energy's balance sheet and fund ongoing capital needs related to its energy modernization strategy [2]. - The investment will provide $2 billion to support Duke Energy's increased $87 billion five-year capital plan and $4 billion to reduce holding company debt [3][7]. - The transaction is anticipated to enable a 100 basis point increase in Duke Energy's long-term FFO/Debt target to 15% and support an EPS growth rate of 5% to 7% through 2029 [7]. Operational Aspects - Duke Energy will retain an 80.3% interest in Duke Energy Florida and will continue to operate the utility with its existing workforce, ensuring no changes to operations or leadership [8][7]. - The investment will facilitate a $4 billion increase in Duke Energy Florida's five-year capital plan, bringing total investments in the state to over $16 billion through 2029, focusing on grid modernization and capacity enhancements [4][5]. Transaction Structure - Brookfield's investment will be phased, with $2.8 billion at the first closing expected in early 2026, followed by additional payments in subsequent years [6]. - The transaction is subject to customary closing conditions, including regulatory approvals from relevant authorities [9]. Strategic Partnership - The partnership with Brookfield is viewed as a long-term collaboration that will support the growth of Duke Energy Florida's regulated asset base and enhance service delivery to customers [4][5].

Core Insights - Duke Energy has enhanced incentives and eligibility for energy efficiency and demand response programs in South Carolina, effective August 1, 2025, following approval from the Public Service Commission of South Carolina [1][2] Residential Customer Enhancements - The company has introduced significant incentives for residential customers, with some incentives doubling or tripling, encouraging energy efficiency improvements [2][10] - Customers can manage energy use better and save money through demand response programs, which offer bill credits for shifting usage to lower demand periods [3] Business Customer Benefits - Duke Energy has increased energy efficiency and demand response incentives for business customers, with average incentive amounts rising by 20%-25% [5][6] - The PowerShare program has increased capacity credits from $3.50 to $5 per kW for reducing energy use [12] Assistance Programs - Expanded offerings for qualifying customers include more options for energy savings, particularly for those in need [7] - Duke Energy provides resources for customers struggling with energy bills, including flexible payment arrangements and assistance programs [13] Company Overview - Duke Energy serves 8.4 million customers across several states and has a total energy capacity of 54,800 megawatts [14] - The company is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050, with investments in electric grid upgrades and cleaner generation [15]

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Key Takeaways DUK's Q2 sales are likely to have risen on warmer weather, customer growth and new data center agreements.New rate implementations and grid investment returns are expected to boost DUK's Q2 earnings.Higher depreciation and interest costs could pressure earnings despite rate hikes and cost cuts.Duke Energy Corporation (DUK) is scheduled to release its second-quarter 2025 results on Aug. 5, before market open. The company delivered an earnings surprise of 10.69% in the last reported quarter. Mor ...

Core Insights - Analysts project Duke Energy (DUK) will report quarterly earnings of $1.19 per share, reflecting a 0.9% year-over-year increase, with revenues expected to reach $7.34 billion, a 2.3% increase from the same quarter last year [1] Earnings Estimates - Over the last 30 days, the consensus EPS estimate for the quarter has been revised upward by 1.8%, indicating a collective reassessment by covering analysts [2] - Revisions to earnings projections are crucial for predicting investor behavior and are strongly linked to short-term stock price performance [3] Revenue Estimates - Analysts estimate 'Operating Revenues- Regulated natural gas' at $685.12 million, showing a significant year-over-year change of +97.4% [5] - 'Operating Revenues- Regulated electric' is projected to be $6.86 billion, indicating a +1.7% change year over year [5] - 'Operating Revenues- Nonregulated electric and other' is expected to reach $80.56 million, reflecting a +2% change from the previous year [6] - 'Operating Revenues- Electric Utilities and Infrastructure' is estimated at $7.04 billion, with a +3.3% change from the prior year [6] - 'Operating Revenues- Gas Utilities and Infrastructure' is projected to be $407.76 million, indicating a +7% change from the prior year [7] Stock Performance - Over the past month, Duke Energy shares have returned +2.9%, slightly outperforming the Zacks S&P 500 composite's +2.7% change [7] - Duke Energy holds a Zacks Rank 4 (Sell), suggesting it may underperform the overall market in the upcoming period [7]

Summary of Spire's Acquisition Conference Call Company and Industry - **Company**: Spire (SR) - **Industry**: Natural Gas Utility Core Points and Arguments - **Acquisition Announcement**: Spire announced the acquisition of Piedmont Natural Gas Tennessee LDC business from Duke Energy for $2.48 billion on a cash-free, debt-free basis, marking a significant strategic milestone for the company [4][5] - **Strategic Fit**: The acquisition enhances Spire's scale, diversifies its portfolio, and reinforces its commitment to long-term sustainable growth, particularly in the Nashville Metro Area, one of the fastest-growing regions in the U.S. [5][6] - **Earnings Growth**: The acquisition is expected to be accretive to adjusted earnings per share (EPS) and supports Spire's long-term growth target of 5% to 7% [6][16] - **Infrastructure Expansion**: The deal will add nearly 3,800 miles of distribution and transmission pipelines, approximately 205,000 customers, and a rate base of $1.6 billion to Spire's existing utility segment [7][12] - **Regulatory Environment**: Tennessee is described as having a constructive regulatory environment, which is expected to support timely recovery of capital investments through an annual rate review mechanism [14][23] - **Financial Benefits**: The acquisition is projected to increase Spire's five-year capital plan by over 25% and produce significant cost efficiencies across the enterprise [8][10] Additional Important Content - **Customer Base Growth**: The acquisition will increase Spire's customer base by 12% and expand its pipeline network by 6% [12] - **Operational Excellence**: Piedmont Natural Gas has a strong track record of operational excellence and customer service, aligning with Spire's values [7][14] - **Geographic Diversity**: The acquisition improves Spire's geographic diversity, enhancing its presence across Missouri, Alabama, Mississippi, and now Tennessee [12][15] - **Market Dynamics**: The Nashville Metro Area is home to major employers and has a robust housing market, supporting long-term growth for Spire [13] - **Financing Strategy**: Spire plans to secure a bridge facility for the acquisition and is pursuing a permanent financing plan that includes a balanced mix of debt, equity, and hybrid securities [10][39] - **Regulatory Approval Timeline**: Spire expects to file for regulatory approval with the Tennessee Public Utility Commission within 45 days and anticipates closing the transaction in 2026 [10][23] This summary encapsulates the key points discussed during the conference call regarding Spire's acquisition of Piedmont Natural Gas, highlighting the strategic, financial, and operational implications of the transaction.

Duke Energy agreed to sell its Tennessee Piedmont Natural Gas business to Spire for $2.5 billion. https://t.co/qUjB6nbZTm ...