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Duke Energy (DUK)

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Earnings summaries and quarterly performance for Duke Energy.

Recent press releases and 8-K filings for DUK.

Duke Energy reports Q4 2025 results
DUK
Earnings
Guidance Update
New Projects/Investments
  • 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.
2 days ago
Duke Energy reports FY 2025 earnings and raises 2026 EPS guidance
DUK
Earnings
Guidance Update
New Projects/Investments
  • 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.
2 days ago
Duke Energy announces 2025 earnings and 2026 guidance
DUK
Earnings
Guidance Update
New Projects/Investments
  • 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.
2 days ago
Duke Energy announces Q4 2025 earnings and 2026 guidance
DUK
Earnings
Guidance Update
New Projects/Investments
  • 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.
2 days ago
Duke Energy reports Q4 and full-year 2025 results
DUK
Earnings
Guidance Update
New Projects/Investments
  • 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.
3 days ago
Duke Energy asks Carolinas customers to reduce energy use
DUK
  • 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.
Feb 1, 2026, 3:00 PM
Duke Energy names Kelvin Henderson chief generation officer
DUK
Management Change
New Projects/Investments
  • 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.
Jan 15, 2026, 4:23 PM
Duke Energy Florida removes storm cost recovery charge early
DUK
  • 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.
Jan 14, 2026, 9:14 PM
Duke Energy brings grid battery online at former Allen coal plant
DUK
New Projects/Investments
  • 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.
Jan 14, 2026, 4:00 PM
Duke Energy Florida unveils green hydrogen production system
DUK
New Projects/Investments
  • 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.
Jan 7, 2026, 5:45 PM