Core Insights - Duke Energy reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.59 per share, and up from $1.44 per share a year ago, representing an earnings surprise of 10.69% [1] - The company generated revenues of $8.25 billion for the quarter, surpassing the Zacks Consensus Estimate by 2.33%, and an increase from $7.67 billion year-over-year [2] - Duke Energy shares have increased by approximately 12.1% since the beginning of the year, contrasting with a -3.9% decline in the S&P 500 [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.26 on revenues of $7.35 billion, and for the current fiscal year, it is $6.32 on revenues of $31.81 billion [7] - The estimate revisions trend for Duke Energy is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Utility - Electric Power industry, to which Duke Energy belongs, is currently ranked in the top 20% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]

Financial Performance - Q1 2025 reported/adjusted EPS was $1.76, a 22% increase compared to $1.44 in Q1 2024[27] - The company reaffirmed its 2025 adjusted EPS guidance range of $6.17 - $6.42[8] - The company reaffirmed a growth rate of 5% - 7% through 2029 off the midpoint of the 2025 guidance range ($6.30)[8] - Electric Utilities & Infrastructure segment results increased by $255 million (+$0.33 per share) compared to the prior year quarter[28] - Gas Utilities & Infrastructure segment results increased by $65 million (+$0.08 per share) compared to the prior year quarter[29] Load Growth and Economic Development - Q1 2025 retail electric volumes increased by 1.8% overall, with residential up 3.4% and commercial & industrial up 0.7%[33] - The company anticipates accelerated load growth beginning in 2027, driven by economic development, with Carolinas load growth at 3%-4% and enterprise load growth at 4%-5%[32, 34] - The company signed new letter agreements for approximately 1 GW of data centers in April[35] Capital Investments and Financing - The company plans for total equity issuances of $6.5 billion over a 5-year plan via DRIP/ATM, including $1 billion in 2025[38] - The company executed agreements to monetize over $500 million of nuclear production tax credits in 2025[38] - The company raised $3.2 billion of long-term debt at an average rate of 5.0%[38] - The company issued $531 million of equity at an average price of $117/share[38]

Harry Sideris, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET today. CHARLOTTE, N.C., May 6, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its first-quarter 2025 financial results in a news release available on the company's website at the following link: duke- energy.com/investors. Duke Energy is executin ...

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Financial Performance - Duke Energy reported first-quarter 2025 adjusted EPS of $1.76, an increase of 22.2% compared to $1.44 in the first quarter of 2024[1][3][13]. - The increase in adjusted EPS was driven by higher retail sales volumes and new rates, partially offset by increased interest and O&M expenses[2][6]. - The company reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42, with a long-term growth rate of 5% to 7% through 2029[2]. - Duke Energy reported net income available to common stockholders of $1,365 million for the three months ended March 31, 2025, compared to $1,099 million for the same period in 2024, representing a 24.2% increase[41]. - The earnings per share (EPS) for Duke Energy was $1.76 for Q1 2025, up from $1.44 in Q1 2024, reflecting a 22.2% increase[41]. - Total operating revenues increased to $8,249 million in Q1 2025 from $7,671 million in Q1 2024, marking an increase of 7.5%[41]. - Operating income rose to $2,343 million in Q1 2025, compared to $1,963 million in Q1 2024, indicating a growth of 19.4%[41]. - The company recorded a loss from discontinued operations of $3 million in Q1 2024, which was not present in Q1 2025[41]. - Net income for Q1 2025 was $1,404 million, an increase of 22% compared to $1,151 million in Q1 2024[46]. Segment Performance - Electric Utilities and Infrastructure segment income rose to $1,276 million in Q1 2025, up from $1,021 million in Q1 2024, reflecting a $0.33 per share increase[6]. - Gas Utilities and Infrastructure segment income increased to $349 million in Q1 2025, compared to $284 million in Q1 2024, representing an increase of $0.08 per share[7]. - The Other segment reported a loss of $260 million in Q1 2025, worsening from a loss of $203 million in Q1 2024, a decrease of $0.08 per share[8]. - The company reported segment income of $1,276 million, with Duke Energy Carolinas contributing $521 million and Duke Energy Progress contributing $338 million[60]. - Operating revenues for the Gas Utilities and Infrastructure segment reached $1,140 million, with operating income of $487 million[72]. Customer and Sales Metrics - Duke Energy serves 8.6 million electric customers and 1.7 million gas customers across multiple states, with a total energy capacity of 55,100 megawatts[21]. - Total retail sales increased by 5.4% to 53,391 GWh in Q1 2025 compared to 50,664 GWh in Q1 2024[83]. - Residential sales rose by 11.1% to 25,225 GWh, while industrial sales decreased by 4.2% to 10,964 GWh[83]. - The average number of residential customers grew by 1.9% to 7,498,119, contributing to a total of 8,581,850 retail customers[83]. - Duke Energy Carolinas reported a 5.2% increase in total consolidated electric sales to 23,558 GWh[86]. - Duke Energy Progress saw total retail sales increase by 8.2% to 11,351 GWh, with residential sales up by 14.6%[89]. - The average number of retail customers for Duke Energy Progress increased by 1.9% to 1,772,504[89]. Operational Efficiency - The consolidated effective tax rate for Q1 2025 was 12.1%, down from 13.4% in Q1 2024, primarily due to increased amortization of income tax credits[9][10]. - Operating expenses increased to $5,912 million in Q1 2025 from $5,720 million in Q1 2024, a rise of 3.4%[41]. - The effective tax rate for continuing operations was 12.1% in Q1 2025, down from 13.4% in Q1 2024[33]. - The company has significant regulatory assets amounting to $14,200 million, indicating ongoing investments in compliance and infrastructure[54]. - Duke Energy's cash flow from operations remains strong, supporting ongoing capital expenditures and debt servicing[60]. Assets and Liabilities - Total assets for Duke Energy Corporation were $187,476 million in Q1 2025, compared to $186,343 million in Q4 2024[44]. - Total liabilities increased to $135,682 million in Q1 2025 from $135,599 million in Q4 2024[44]. - Long-term debt rose to $79,700 million in Q1 2025, up from $76,340 million in Q4 2024[44]. - The company reported a total of $4,442 million in accounts payable for Q1 2025, a decrease from $5,479 million in Q4 2024[44]. - Total current liabilities amount to $11,193 million, with accounts payable at $3,579 million[68]. Energy Generation and Transition - The company is focused on an energy transition, investing in electric grid upgrades and cleaner generation technologies[22]. - Total electric generation increased by 6.2% to 53,113 GWh, with coal generation up by 20.9% to 11,347 GWh[83]. - Duke Energy Florida's renewable energy generation surged by 37.5% to 729 GWh in Q1 2025, up from 530 GWh in Q1 2024[92]. - Future outlook includes continued focus on renewable energy investments and potential market expansions in the Southeast U.S.[60].

Julie Janson, EVP and CEO, Duke Energy Carolinas, to retire after a distinguished 37-year career with the company Kodwo Ghartey-Tagoe, Alex Glenn and Louis Renjel to be appointed to new leadership positions, reflecting the depth of Duke Energy's leadership team Cameron McDonald to join the company's senior management committeeCHARLOTTE, N.C., May 2, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) today announced a series of leadership appointments to further advance the company's strategy and ensure it is bes ...

Financial Data and Key Metrics Changes - Duke Energy increased its capital plan to $83 billion over the next five years, one of the largest regulated plans in the industry [28] - The company reported a consistent annual growth rate of 5% to 7% and has paid a dividend for 99 consecutive years [30][42] Business Line Data and Key Metrics Changes - The company avoided over 2.3 million customer outages and more than 11 million hours of total outage time through grid improvements [29] - Duke Energy provided nearly $148 million in energy bill assistance, supporting over 210,000 households [30] Market Data and Key Metrics Changes - The company reported that all residential rates across its regions are below the national average [46] - The stock price has ranged from $100 to $120 per share over the last six months, which is considered affordable for small investors [44] Company Strategy and Development Direction - Duke Energy is focused on delivering value for customers and shareholders by investing in reliability, resiliency, and affordability [28] - The company is advancing new generation through integrated resource plans and plans to add five gigawatts of new natural gas generation by 2029 [32] Management's Comments on Operating Environment and Future Outlook - The CEO emphasized the pivotal moment for the industry, highlighting unprecedented growth potential and the importance of a growth mindset [27] - Management is committed to a flexible strategy that includes proven technologies like natural gas and nuclear, as well as emerging technologies [70] Other Important Information - The company has invested over $10 billion in grid resiliency and storm hardening over the last three years [34] - Duke Energy's nuclear facilities provide over 50% of the energy needs for the Carolinas and are the lowest cost generation asset [72] Q&A Session All Questions and Answers Question: When will be the next dividend increase? - The company is committed to growing the dividend, with historical increases occurring around the third quarter [42] Question: Is there any plans for a stock split in the near future? - Currently, there are no plans for a stock split, but the company will continue to evaluate this over time [44] Question: Why is Duke Energy repeatedly asking for price increases when service is questionable? - The company is focused on affordability and reliability, making substantial investments to modernize the grid [45] Question: Why do almost 50% of board members serve on multiple boards? - The board has a mix of industry and non-industry experience, which enriches deliberations and governance [48] Question: Why is it necessary to have so many members on the Board of Directors? - The board size aligns with industry standards and is necessary due to the complexity of the business [51] Question: Why do we give shares to executives and directors? - Compensation is structured to be market competitive, with a mix of cash and stock to align interests with shareholders [56] Question: Why was the program providing matching funds to retirees eliminated? - The company is focused on streamlining operations while still supporting communities through the Duke Energy Foundation [64] Question: Will you please stop all DEI activities? - The company values diversity and inclusion as a strength that benefits employees and customers [66] Question: How will management proceed if reaching net zero is unreasonably expensive? - The company will remain flexible and focus on reliability and affordability while exploring diverse resources [70] Question: How does nuclear power fit in with zero carbon energy generation? - Nuclear power is a vital asset, providing low-cost, reliable, and carbon-free energy, and the company aims to extend the lives of its nuclear plants [72]

Duke Energy Corporation (DUK) is scheduled to release its first-quarter 2025 results on May 6, before market open.The company delivered an earnings surprise of 3.11% in the last reported quarter. Moreover, DUK holds a four-quarter average earnings surprise of 4.30%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.Factors at Play Ahead of DUK’s Q1 ResultsThe majority of DUK’s service territori ...

Company Overview - Duke Energy (DUK) is expected to report a year-over-year increase in earnings, with a projected EPS of $1.59, reflecting a +10.4% change, and revenues anticipated to reach $8 billion, up 4.3% from the previous year [3][12]. Earnings Expectations - The consensus EPS estimate has been revised 0.8% lower in the last 30 days, indicating a bearish sentiment among analysts regarding the company's earnings prospects [4][10]. - The Earnings ESP for Duke Energy stands at -1.10%, suggesting a potential difficulty in beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Duke Energy exceeded the expected EPS of $1.61 by delivering $1.66, resulting in a surprise of +3.11% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Context - In the Zacks Utility - Electric Power industry, IdaCorp (IDA) is also expected to report earnings of $1.03 per share, indicating a year-over-year change of +8.4%, with revenues projected at $458.34 million, up 2.1% [17]. - IdaCorp's consensus EPS estimate has been revised 2.2% higher recently, but it has a negative Earnings ESP of -0.32%, making it challenging to predict an earnings beat [18].

Core Points - Duke Energy lineworkers excelled at the Carolinas Lineman's Rodeo, with 30 participants earning top awards and qualifying for the International Lineman's Rodeo [1][3] - The competition emphasizes essential skills such as equipment repair, pole climbing, and rescue operations, while fostering safety and teamwork among participants [2][7] - The event highlights the commitment of Duke Energy's line teams, especially following the challenges posed by Hurricane Helene [4][12] Company Overview - Duke Energy is a major energy holding company serving 8.6 million customers across several states, with a total energy capacity of 55,100 megawatts [14] - The company is focused on an ambitious energy transition, investing in electric grid upgrades and cleaner energy sources, including natural gas, nuclear, renewables, and energy storage [15] - Duke Energy collaborates with local community colleges to recruit and train entry-level lineworkers, addressing the growing demand for skilled labor in the energy sector [12][13] Event Details - The Carolinas Lineman's Rodeo serves as a qualifying event for the International Lineman's Rodeo, where top winners will compete on a global stage [3][9] - The 2025 event involved significant community support, with numerous volunteers and participants contributing to its success [10] - The rodeo not only showcases technical skills but also promotes camaraderie and teamwork among lineworkers [2][10]