Duke Energy Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 adjusted EPS rose to $1.93, driven by infrastructure investments and strong customer growth. Over $5B in asset sale proceeds and tax credit monetization support a $103B capital plan, with robust data center demand fueling long-term EPS growth targets.
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.