Duke Energy Earnings Call Transcripts
Fiscal Year 2026
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Shareholders elected all directors and approved auditor and executive compensation proposals, but did not pass the elimination of supermajority voting. Strategic investments, cost management, and decarbonization progress were highlighted, with robust Q&A on affordability, compensation, and nuclear plans.
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Q1 2026 adjusted EPS rose to $1.93, driven by infrastructure investments and strong economic development, with over $5B in customer benefits announced. Guidance for 2026 EPS and long-term growth reaffirmed, supported by robust capital allocation and regulatory progress.
Fiscal Year 2025
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Delivered 2025 EPS of $6.31 (7% growth), raised capital plan to $103B, and reaffirmed 5%-7% long-term EPS growth, with confidence in achieving the top half of the range by 2028 as data center demand accelerates.
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Q3 2025 adjusted EPS rose 11% to $1.81, with full-year guidance narrowed to $6.25-$6.35. A $95-$105B five-year capital plan supports 5%-7% EPS growth through 2029, with top-half range expected from 2028, driven by robust load growth and major infrastructure investments.
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Q2 2025 adjusted EPS rose to $1.25, driven by electric utility growth and strategic asset sales. Guidance for 2025 EPS and long-term growth was reaffirmed, with a strengthened balance sheet and major investments in Florida and North Carolina supporting future expansion.
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First quarter 2025 adjusted EPS rose 22% year-over-year to $1.76, driven by strong utility growth and constructive regulatory outcomes. The company reaffirmed its 2025 EPS guidance and long-term growth targets, with robust capital investment and a growing pipeline of infrastructure and data center projects.
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Shareholders approved all director nominees, auditor ratification, executive compensation, and a shift to simple majority voting, while rejecting annual net-zero reporting. Strategic plans include $83B in capital investments, grid modernization, and a continued focus on reliability, affordability, and nuclear energy.
Fiscal Year 2024
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2024 adjusted EPS reached $5.90, within guidance, with 2025 EPS guidance set at $6.17-$6.42 and a robust $83B capital plan. Load growth is expected to accelerate, supported by strong economic development and regulatory outcomes.
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Q3 2024 adjusted EPS fell to $1.62 from $1.94 year-over-year, mainly due to historic hurricane impacts, but 2024 EPS guidance and a 5%-7% long-term growth target were reaffirmed. Regulatory wins, strong customer growth, and robust capital plans support future earnings.
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Q2 2024 adjusted EPS rose to $1.18, up $0.27 year-over-year, driven by electric utility growth and favorable weather. 2024 EPS guidance of $5.85-$6.10 and 5%-7% long-term growth reaffirmed, with robust load growth and major capital investments supporting future performance.