Core Points - Duke Energy is preparing for potential power outages due to a winter storm forecasted to bring snow and ice to the region [1][2] - The company emphasizes the importance of customer preparedness and has outlined various ways for customers to report outages and stay informed [5][6] Group 1: Storm Preparedness and Impact - The storm is expected to cause ice accumulation, which can lead to power outages by causing trees and branches to fall on power lines [2] - Ice buildup of a quarter inch or more significantly increases the likelihood of outages, with higher accumulations leading to more severe impacts [2] Group 2: Reliability Improvements - Duke Energy has been implementing grid improvements, including tree trimming, pole and line upgrades, and smart self-healing technology to reduce outages and restore power more quickly [3][4] - In 2024, self-healing technology helped avoid over 1.2 million customer outages in the Carolinas, saving approximately 3.4 million hours of total outage time, with nearly 60% of these benefits occurring during major storms [4] Group 3: Customer Communication and Safety - The company prioritizes restoring power safely and quickly after a storm while keeping customers informed about outages [5] - Customers are encouraged to prepare for potential outages by ensuring they have necessary supplies and following safety guidelines [6][12] Group 4: Energy Efficiency Initiatives - As temperatures drop, Duke Energy is promoting energy-saving tips to help customers manage their energy use and save money [8][9] - The company provides various low- to no-cost energy-saving tips, such as adjusting thermostat settings, maintaining heating systems, and using energy-efficient lighting [13] Group 5: Company Overview and Goals - Duke Energy is one of America's largest energy holding companies, serving 8.4 million customers across multiple states and owning 54,800 megawatts of energy capacity [10] - The company is committed to a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050 [11]

Core Insights - Duke Energy Florida is celebrating Engineers Week from February 16 to February 22, emphasizing the critical role of power grid dispatchers in maintaining service reliability for over 2 million customers across a 35-county area [1][8] - The company highlights the extensive training required for power grid dispatchers, which includes nearly two years of classroom and on-the-job experience, along with problem-solving skills typically derived from electrical engineering backgrounds [2][3] Company Overview - Duke Energy Florida owns 12,300 megawatts of energy capacity, providing electricity to 2 million residential, commercial, and industrial customers within a 13,000-square-mile service area in Florida [5] - Duke Energy, a Fortune 150 company, serves 8.4 million customers across multiple states and collectively owns 54,800 megawatts of energy capacity [6] Operational Insights - Power grid dispatchers work in 12-hour rotating shifts to ensure 24/7 coverage, coordinating with line crews for infrastructure upgrades and outage responses while adhering to strict safety protocols [3][4] - The company is focused on building a smarter energy future through significant investments in electric grid upgrades and cleaner energy generation, including natural gas, nuclear, renewables, and energy storage [7]

Financial Data and Key Metrics Changes - The company reported adjusted earnings per share (EPS) of $5.90 for 2024, finishing within the guidance range [6][24] - Updated guidance for 2025 EPS is set between $6.17 and $6.42, with a midpoint of $6.30, representing approximately 7% growth over 2024 [7][24] - The five-year capital plan has increased to $83 billion, driving an expected 7.7% annual earnings-based growth through 2029 [7][30][32] Business Line Data and Key Metrics Changes - The electric segment is expected to benefit from constructive rate case outcomes and a new multi-year rate plan in Florida, alongside growth from grid riders in the Midwest and Florida [25][63] - The gas segment's growth will be driven by the Piedmont, North Carolina rate case, and annual rate mechanisms in South Carolina and Tennessee [26][64] - The company anticipates annual load growth of 1.5% to 2% in 2025, with an acceleration to 3% to 4% starting in 2027 [27][28] Market Data and Key Metrics Changes - The company has a robust economic development pipeline, particularly in the Carolinas, with expected growth of 4% to 5% in that region [28][65] - The near-term pipeline includes over seven gigawatts of advanced manufacturing and data center projects, with a broader pipeline at least double that size [115] Company Strategy and Development Direction - The company is executing an all-of-the-above generation strategy, focusing on dispatchable natural gas and substantial investments in renewables [19][56] - The capital plan emphasizes infrastructure spending to support growing jurisdictions and regulatory processes [8][30] - The company aims to maintain a strong balance sheet and credit ratings, targeting 14% funds from operations (FFO) to debt by the end of 2025 [33][70] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's position and growth opportunities, particularly in light of regulatory approvals and infrastructure investments [8][22] - The company is optimistic about the future, with a commitment to delivering strong earnings and cash flows for investors [7][45] - Management noted that discussions with hyperscalers indicate no pullback in their plans, with an acceleration in projects related to cloud computing and AI [88][92] Other Important Information - The company has a strong track record of regulatory execution, with $45 billion of rate-based investments approved [46] - The company has efficiently monetized over $500 million in energy tax credits in 2024, benefiting customers over time [36] - This year marks the 99th consecutive year of paying a quarterly cash dividend, underscoring the company's commitment to shareholders [37] Q&A Session Summary Question: Can you clarify the EPS CAGR and credit metric targets? - Management indicated that there is an opportunity to earn in the top half of the EPS growth range due to accelerating load growth and a strong economic development pipeline [82][84] Question: Any changes in customer conversations regarding spending needs? - Management reported confidence in their plans, with hyperscalers full speed ahead and discussions indicating an acceleration in projects [88][92] Question: How does legislation in South Carolina impact the company's plans? - Management stated that they do not anticipate changes to their plans from current legislation but are engaged in discussions to support the dual state system [105] Question: What is the pipeline of data center activity? - Management confirmed a wealth of opportunity in economic development, with a near-term pipeline of over seven gigawatts and a broader pipeline that continues to grow [115] Question: How does the company plan to drive cost efficiencies? - Management emphasized a strong continuous improvement culture and the use of technology to manage costs effectively while maintaining a competitive position [129][132]

Q4 / 2024 Earnings Review and Business Update Lynn Good / Chair and CEO Harry Sideris / President Brian Savoy / Executive Vice President and CFO February 13, 2025 // 1 Safe Harbor statement 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. Regu ...

Core Insights - Duke Energy Corporation (DUK) reported fourth-quarter 2024 adjusted earnings of $1.66 per share, exceeding the Zacks Consensus Estimate of $1.61 by 3.1% and showing a 9.9% increase from $1.51 per share in the same quarter last year, driven by rate increases and riders [1][2] Financial Performance - Total operating revenues for the fourth quarter reached $7.36 billion, a 2.1% increase from $7.21 billion year-over-year, but fell short of the Zacks Consensus Estimate of $7.72 billion by 4.7% [3] - The Regulated electric unit's operating revenues were $6.53 billion, up 0.9% year-over-year, contributing 88.8% to total revenues, while revenues from the Regulated natural gas business totaled $741 million, reflecting a 13.1% year-over-year increase [3] - For the full year 2024, total revenues amounted to $30.36 billion, a 4.5% increase from $29.06 billion in 2023, but missed the Zacks Consensus Estimate of $30.64 billion [4] Operating Expenses and Income - Total operating expenses for the reported quarter were $5.25 billion, down 2.1% year-over-year, primarily due to lower fuel and purchased power costs [5] - Operating income increased by 13.9% to $2.11 billion from $1.86 billion in the previous year [5] Customer and Sales Metrics - The average number of customers in Electric Utilities increased by 1.8% year-over-year, with total electric sales volumes rising 0.8% to 60,308 gigawatt-hours [6] Segment Performance - Adjusted earnings from the Electric Utilities & Infrastructure segment totaled $1,238 million, up from $1,115 million in the fourth quarter of 2023 [7] - The Gas Utilities & Infrastructure segment generated earnings of $231 million compared to $192 million in the prior year [7] - The Other segment incurred a loss of $186 million, worsening from a loss of $133 million in the fourth quarter of 2023 [8] Financial Condition - As of December 31, 2024, cash and cash equivalents stood at $314 million, up from $253 million a year earlier, while long-term debt increased to $76.34 billion from $72.45 billion [9] - The company generated net cash from operating activities of $12.28 billion in 2024, compared to $9.88 billion in the same period last year [9] Future Guidance - Duke Energy provided 2025 adjusted EPS guidance in the range of $6.17-$6.42, with the Zacks Consensus Estimate for 2024 earnings at $6.33 per share, higher than the midpoint of the projected range [10] - The company anticipates long-term EPS growth of 5-7% through 2029 [10]

Duke Energy (DUK) came out with quarterly earnings of $1.66 per share, beating the Zacks Consensus Estimate of $1.61 per share. This compares to earnings of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 3.11%. A quarter ago, it was expected that this electric utility would post earnings of $1.73 per share when it actually produced earnings of $1.62, delivering a surprise of -6.36%.Over the last four quarters, the compa ...

CHARLOTTE, N.C., Feb. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its fourth-quarter and year-end 2024 financial results in a news release available on the company's website at the following link: duke-energy.com/investors.Lynn Good, chair and chief executive officer, Harry Sideris, president, 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. E ...

Media Contact: Gillian Moore 24-Hour: 800.559.3853 News Release Analyst Contact: Abby Motsinger Office: 704.382.7624 February 13, 2025 Duke Energy reports fourth-quarter and full-year 2024 financial results CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced 2024 full-year reported EPS of $5.71, prepared in accordance with Generally Accepted Accounting Principles (GAAP), and adjusted EPS of $5.90. This is compared to reported and adjusted EPS of $3.54 and $5.56, respectively, for the full-year 2023. A ...

Financial assistance programs, incentives and rates – and even low-cost or no-cost energy efficiency tips – can offset higher-than-average electric billsST. PETERSBURG, Fla., Feb. 12, 2025 /PRNewswire/ -- Duke Energy Florida is sharing various resources to help customers manage their increased energy usage in January, when extreme winter weather swept across the state, which may have resulted in some receiving higher-than-average electric bills."While Duke Energy Florida lowered rates by nearly $10 in Janu ...

Funding supports 20 organizations each with $10,000 Grants are a continuation of assistance to senior programs, with more than $300,000 distributed over the past two yearsGREENVILLE, S.C., Feb. 12, 2025 /PRNewswire/ -- Duke Energy is providing $200,000 in grants to South Carolina organizations that help the state's aging population with services and support, particularly for seniors with income challenges. The funds will be used to help these organizations with their infrastructure to continue expanding th ...