Duke Energy ( (DUK) ) has released its Q4 earnings. Here is a breakdown of the information Duke Energy presented to its investors.
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Duke Energy Corporation, headquartered in Charlotte, N.C., is one of the largest energy holding companies in the United States, providing electric and natural gas utilities to millions of customers across several states. The company is known for its significant energy capacity and its ongoing investments in building a smarter energy future through grid upgrades and cleaner energy generation.
Duke Energy’s financial report for the year 2024 shows a significant increase in both reported and adjusted earnings per share compared to the previous year. The company reported a full-year EPS of $5.71 and adjusted EPS of $5.90, reflecting strong performance driven by rate increases, improved weather conditions, and higher sales volumes.
Key financial metrics reveal that Duke Energy’s Electric Utilities and Infrastructure segment saw a notable increase in income, primarily due to rate hikes and riders, despite facing challenges like increased depreciation and interest expenses. Similarly, the Gas Utilities and Infrastructure segment experienced growth, attributed to rate increases, although offset by higher interest expenses. The company also announced a five-year capital plan of $83 billion to support new generation and address growing energy demands.
Looking ahead, Duke Energy introduced its 2025 adjusted EPS guidance, projecting a range of $6.17 to $6.42. The company aims to maintain a long-term adjusted EPS growth rate of 5% to 7% through 2029, positioning itself to meet future energy demands while ensuring reliability and affordability for its customers under the leadership of the incoming CEO, Harry Sideris.
