Earnings summaries and quarterly performance for Duke Energy.
Executive leadership at Duke Energy.
Harry K. Sideris
President and Chief Executive Officer
Alex Glenn
Executive Vice President and Chief Legal Officer
Brian D. Savoy
Executive Vice President and Chief Financial Officer
Cameron McDonald
Senior Vice President and Chief Human Resources Officer
Kodwo Ghartey-Tagoe
Executive Vice President and Chief Executive Officer, Duke Energy Carolinas; Head of Natural Gas Business Unit
Louis Renjel
Executive Vice President and Chief Executive Officer, Duke Energy Florida and Midwest; Chief Corporate Affairs Officer
Board of directors at Duke Energy.
Annette K. Clayton
Director
Caroline Dorsa
Director
Derrick Burks
Director
E. Marie McKee
Director
Idalene F. Kesner
Director
Jeffrey Guldner
Director
John T. Herron
Director
Michael J. Pacilio
Director
Nicholas C. Fanandakis
Director
Robert M. Davis
Director
Theodore F. Craver, Jr.
Independent Chair of the Board
Thomas E. Skains
Director
W. Roy Dunbar
Director
William E. Webster, Jr.
Director
Research analysts who have asked questions during Duke Energy earnings calls.
Carly Davenport
Goldman Sachs
7 questions for DUK
Nicholas Campanella
Barclays
7 questions for DUK
Julien Dumoulin-Smith
Jefferies
6 questions for DUK
Anthony Crowdell
Mizuho Financial Group
5 questions for DUK
David Paz
Wolfe Research, LLC
4 questions for DUK
David Arcaro
Morgan Stanley
3 questions for DUK
Durgesh Chopra
Evercore ISI
3 questions for DUK
Jeremy Tonet
JPMorgan Chase & Co.
3 questions for DUK
Shahriar Pourreza
Guggenheim Partners
3 questions for DUK
Alex
Citigroup
2 questions for DUK
Alexander Weintraub
Wells Fargo
2 questions for DUK
Diana Niles
JPMorgan Chase & Co.
2 questions for DUK
James Ward
Jefferies
2 questions for DUK
Andrew Weisel
Scotiabank
1 question for DUK
Stephen D’Ambrisi
Ladenburg Thalmann
1 question for DUK
Steve D'Ambrisi
RBC Capital Markets
1 question for DUK
Steve Fleishman
Wolfe Research, LLC
1 question for DUK
Recent press releases and 8-K filings for DUK.
- Adjusted EPS of $6.31, above guidance midpoint and reflecting 9.6% earnings base growth in 2025.
- 2026 adjusted EPS guidance of $6.55 – $6.80 (midpoint $6.68), driven by customer growth and regulatory riders.
- 5-year capex plan raised ~18% to $103 billion, funding ~14 GW of new generation by 2031 and accelerated storage deployments.
- Achieved 14.8% FFO/Debt in 2025, raised long-term target to 15%, and targeting a 60–70% dividend payout ratio.
- Reported full-year 2025 EPS of $6.31, up 7% year-over-year, above the guidance midpoint; introduced 2026 EPS guidance of $6.55–$6.80 and extended a 5–7% long-term EPS growth target through 2030.
- Increased its five-year capital plan by $16 billion to $103 billion, expected to drive 9.6% earnings-based growth through 2030, representing the largest fully regulated investment program in the industry.
- Secured approximately 4.5 GW of data center load under Electric Service Agreements, with projects under construction and load ramp-up expected to drive an earnings inflection in 2028.
- Achieved 14.8% FFO to debt in 2025, forecasting 14.5% for 2026 and targeting 15% long term; plans $10 billion of equity issuances from 2027–2030 to fund growth.
- Duke delivered 2025 EPS of $6.31, up 7% year-over-year and above the guidance midpoint; for 2026, the company guided EPS of $6.55–$6.80 and reiterated a 5%–7% long-term EPS growth rate through 2030.
- Increased its five-year capital plan by $16 billion to $103 billion, expected to drive 9.6% earnings-based growth through 2030, representing the largest fully regulated plan in the industry.
- Achieved 14.8% FFO to debt in 2025 after recovering and securitizing $3 billion of storm costs, with 2026 FFO to debt forecast around 14.5%, supporting balance-sheet strength.
- Secured 4.5 GW of data center energy service agreements under construction and holds a 9 GW late-stage pipeline, positioning a load growth inflection in 2028.
- Duke Energy reported 2025 EPS of $6.31, up 7% year-over-year and above its guidance midpoint, and provided 2026 EPS guidance of $6.55–$6.80, extending a 5%–7% long-term EPS growth target through 2030.
- Announced a $103 billion five-year capital plan, an 18% increase versus its prior plan, supporting 9.6% earnings-based growth through 2030 as load growth and grid investments accelerate.
- Delivered 14.8% FFO to debt in 2025, aided by nearly $3 billion of storm cost recovery, forecasts approximately 14.5% FFO to debt in 2026, and plans $10 billion of equity issuance for 2027–2030.
- Advanced its all-of-the-above generation strategy with the installation of a 100 MW battery storage system and groundbreaking on 5 GW of new natural gas capacity, underscoring investment in diversified resources.
- Full-year 2025 adjusted EPS of $6.31, up from $5.90 in 2024.
- Fourth-quarter 2025 adjusted EPS of $1.50, down from $1.66 in Q4 2024.
- 2026 adjusted EPS guidance of $6.55–$6.80, and long-term adjusted EPS growth target of 5–7% through 2030 off the 2025 midpoint of $6.30.
- Q4 segment income: Electric Utilities $1.209 B, Gas Utilities $230 M, Other segment loss $272 M.
- Five-year $103 B capital plan driving 9.6% earnings-base growth through 2030, with construction started on 5 GW of new dispatchable generation.
- Extremely cold temperatures across the East Coast are driving unusually high energy demand, prompting Duke Energy to ask Carolinas customers to voluntarily reduce usage between 4–10 a.m. on Feb. 2 to help prevent outages.
- Customers are advised to lower thermostats, avoid major appliances such as washers and dryers during peak hours, and turn off unnecessary devices; electric vehicle owners should charge midday when demand is lower.
- Duke Energy is maximizing its generation and power purchases and coordinating with large commercial and industrial customers through demand response programs to maintain grid reliability.
- The company’s electric utilities serve 8.6 million customers and its natural gas utilities serve 1.7 million customers, with a combined 55,100 MW of generation capacity across six states.
- Executive VP and Chief Generation Officer Preston Gillespie will retire after 40 years, remaining through March 1, 2027 to guide new-nuclear decisions; Kelvin Henderson will succeed him as Senior VP and Chief Generation Officer effective March 1, 2026.
- Kelvin Henderson, Duke’s current Chief Nuclear Officer and a 35+-year nuclear industry veteran, will join the senior management committee and report to CEO Harry Sideris.
- Steven Capps will be promoted to Senior VP and Chief Nuclear Officer, ensuring continuity in Duke’s nuclear operations.
- Leadership describes the transition as talent-driven to preserve operational continuity amid a $95 billion–$105 billion 2026–2030 CAPEX plan targeting ~8.5% rate-base growth and 30%–50% incremental equity funding.
- Analysts at UBS, Morgan Stanley and J.P. Morgan have trimmed near-term price targets to about $126 on concerns over high leverage and heavy capital spending.
- Duke Energy Florida will remove the storm cost recovery charge from customer bills in February, one month ahead of schedule, after fully recovering approximately $1.1 billion in storm-related costs.
- Residential customers will see a $33 reduction per 1,000 kWh starting in February and an additional $11 decrease in March, totalling $44 per 1,000 kWh versus January.
- Commercial and industrial customers’ bills will be reduced by 9.6% to 15.8% compared to January, depending on individual usage and factors.
- Efficiency improvements at natural gas plants saved customers $340 million in fuel costs, new solar sites saved $750 million, and $65 million in tax credits were passed on to customers.
- Duke Energy has commissioned a 50-MW, four-hour battery energy storage system at its former Allen coal plant for $100 million, entering service in November with final testing in January 2026.
- Construction of a 167-MW, four-hour system—the company’s largest BESS—will begin in May 2026 on the same site.
- Both battery projects qualify for 40% federal investment tax credits, including a 10% bonus for reinvestment in an energy community.
- Duke Energy’s 2025 Carolinas Resource Plan forecasts adding 6,550 MW of battery storage by 2035 to support regional growth and reliability.
- Duke Energy Florida launched the DeBary Hydrogen Production Storage System, the first U.S. demonstration capable of end-to-end production, storage and combustion of up to 100% green hydrogen.
- The system uses solar-powered electrolyzers to produce hydrogen, stores it safely, and powers an upgraded GE Vernova combustion turbine on a natural gas–hydrogen blend or pure hydrogen to meet peak demand.
- By integrating green hydrogen, Duke Energy Florida aims to diversify its generation mix, enhance grid flexibility, and support renewable energy expansion for its 2 million customers in a 13,000-square-mile service area.
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