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Duke Energy (DUK)
NYSE:DUK
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.68Last Year’s EPS
$1.51Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2024
|% Change Since: -3.80%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted strong customer growth and regulatory approvals, which position the company well for future expansion. However, the impact of an unprecedented hurricane season significantly affected current earnings, leading to higher costs and credit concerns. Despite these challenges, the company remains confident in its long-term growth strategy.Company Guidance
During the Duke Energy Q3 2024 earnings call, the company reaffirmed its 2024 guidance range of $5.85 to $6.10 per share, despite challenges from an extraordinary hurricane season impacting earnings. Duke Energy's adjusted earnings per share for the third quarter were $1.62, down from $1.94 in Q3 2023, influenced by $750 million in hurricane-related costs. The company is trending toward the lower half of its 2024 guidance due to storm impacts, including restoration costs and lost revenues from 5.5 million customer outages. However, Duke Energy remains confident in its long-term outlook, reaffirming a 5% to 7% EPS growth rate through 2028, driven by strong economic development and constructive regulatory outcomes. The company also highlighted a $2.4 billion to $2.9 billion preliminary total cost estimate for the hurricanes and plans to pursue cost recovery strategies, aiming for rider recovery in Florida by 2025 and securitization proceeds in the Carolinas by the end of next year.Strong Customer Growth
Added approximately 75,000 residential customers in the Carolinas and nearly 30,000 in Florida year-to-date, surpassing last year's figures.
Grid Hardening Investments
Invested over $4 billion in grid hardening and modernization, preventing nearly 550,000 customer outages across three storms.
Regulatory Approvals
Received constructive approvals on Carolinas resource plans and Florida's multiyear rate plan, supporting $80 billion in rate base investments.
Load Growth and Economic Development
Forecasted load growth at the top end of 1.5% to 2% CAGR through 2028, with significant economic development projects like data centers contributing to demand.
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DUK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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DUK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 07, 2024 | $112.56 | $110.03 | -2.25% |
| Aug 06, 2024 | $108.94 | $110.82 | +1.73% |
| May 07, 2024 | $97.58 | $99.36 | +1.82% |
| Feb 08, 2024 | $91.75 | $89.02 | -2.98% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Duke Energy (DUK) report earnings?
Duke Energy (DUK) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Duke Energy (DUK) earnings time?
Duke Energy (DUK) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is DUK EPS forecast?
DUK EPS forecast for the fiscal quarter 2024 (Q4) is $1.68.
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