Duke Energy Corporation's Stock Analysis

Duke Energy Reaches Partial Settlement on South Carolina Rate Case

Duke Energy Carolinas, LLC and the Office of Regulatory Staff reached a partial settlement regarding a base rate proceeding with the Public Service Commission of South Carolina. The settlement includes a return on equity of 9.99%, a retail rate base of $7.9 billion, and provisions for tax credit flow back to customers. Additionally, there is support for annual storm reserve funding and a pension cost rider. This settlement is pending review and approval by the Public Service Commission.

An evidentiary hearing is scheduled to begin on November 13, 2025, to review the Stipulation and remaining issues in the case. The details of the settlement, including the reconciliation of Duke Energy's original request, are provided in an attached exhibit. The company has also indicated that the information in the exhibit is not considered

Nov 12, 2025 06:30:40

Duke Energy Reports Q3 2025 Earnings and Capital Plans

Duke Energy announced its financial results for the third quarter of 2025, reporting an adjusted earnings per share (EPS) of $1.81, a growth of over 11% compared to the same period in 2024. The company has narrowed its adjusted EPS guidance for 2025 to a range of $6.25 to $6.35 and maintains a long-term growth rate target of 5% to 7% through 2029. The increase in adjusted EPS was attributed to new rates and higher retail sales volumes, though it was impacted by higher interest expenses and milder weather conditions.

The Electric Utilities and Infrastructure segment showed a reported income of $1,658 million for Q3 2025, up from $1,451 million in Q3 2024. Conversely, the Gas Utilities and Infrastructure segment reported a loss of $26 million, consistent with the previous year. Duke Energy is planning a capital investment of $95 to $105 billion for the 2026-2030 period, emphasizing its commitment to maintaining customer rates below the national average while enhancing its infrastructure and service offerings.

Nov 06, 2025 17:48:52

Duke Energy Progress Reaches Partial Settlement in Rate Case

Duke Energy Progress, LLC (DEP) and the Office of Regulatory Staff (ORS) have reached a partial settlement regarding the base rate proceeding with the Public Service Commission of South Carolina. The agreement includes a return on equity of 9.99% based on a capital structure of 53% equity and 47% debt, with an overall rate of return of 7.2%. The settlement also establishes a retail rate base of $2.2 billion and provisions for nuclear production tax credit flow back to customers. Key support measures include an increase in annual reserve funding to $6 million and a pension cost rider.

The Stipulation is pending review and approval by the Public Service Commission of South Carolina, with an evidentiary hearing starting on October 29, 2025. Additional details about the Stipulation are available in an attached document, which provides a reconciliation of DEP’s original request to the settlement terms. This agreement may influence the company's financial position and operational strategy in the South Carolina market.

Oct 29, 2025 18:15:12

Duke Energy Sells Tennessee Gas Business for $2.48 Billion

Duke Energy's subsidiary, Piedmont Natural Gas, has entered into an agreement to sell its Tennessee natural gas local distribution business to Spire Inc. for approximately $2.48 billion in cash. The sale price reflects a 1.8x multiple of the 2024 year-end rate base and a 24x multiple of 2024 earnings. Proceeds from the sale will be utilized to offset approximately $800 million of debt at Piedmont, while the remaining $1.5 billion will support Duke Energy's $83 billion five-year capital investment plan, which focuses on energy modernization projects. The transaction is expected to close in the first quarter of 2026, pending regulatory approval and other customary closing conditions.

The sale includes nearly 3,800 miles of pipelines and a liquefied natural gas facility serving around 205,000 customers in the Greater Nashville area. Duke Energy plans to maintain the business's operational continuity by transitioning its employees to Spire. This strategic move is aligned with Duke Energy's efforts to enhance its capital structure and fund future growth opportunities, driven by increasing customer demand and economic development initiatives.

Jul 29, 2025 07:01:25

Duke Energy Reports Q1 2025 Earnings of $1.76 per Share

Duke Energy announced its financial results for the first quarter of 2025, reporting both a GAAP and adjusted earnings per share (EPS) of $1.76, an increase from $1.44 in the same quarter of 2024. The growth in earnings was attributed to higher retail sales volumes, new rates, and favorable weather conditions, although it faced pressures from increased interest and operational expenses. The company reaffirmed its adjusted EPS guidance for 2025, projecting a range between $6.17 and $6.42, with a long-term growth rate of 5% to 7% through 2029.

In terms of business segments, the Electric Utilities and Infrastructure segment reported a first-quarter income of $1,276 million, up from $1,021 million in Q1 2024, while the Gas Utilities and Infrastructure segment saw an increase to $349 million from $284 million. However, the 'Other' category reported a loss of $260 million, widening from a loss of $203 million a year earlier, primarily due to higher interest expenses. The effective tax rate for the quarter decreased to 12.1% from 13.4% in the prior year, influenced by the amortization of income tax credits.

May 05, 2025 18:08:13

Duke Energy Announces Leadership Changes Amid Infrastructure Investment

Duke Energy has announced a series of leadership appointments following the planned retirement of Julie Janson on July 1, 2025. Janson has been with the company for nearly four decades, most recently serving as executive vice president and CEO of Duke Energy Carolinas. The company expressed gratitude for her contributions and noted that her leadership has significantly shaped the organization.

The new leadership appointments, effective July 1, 2025, are aimed at supporting the company's $83 billion capital plan to modernize energy infrastructure and meet growing energy demands. Duke Energy serves 8.6 million electric customers and 1.7 million natural gas customers across several states, and is focused on advancing its strategy for a smarter energy future through investments in grid upgrades and cleaner generation sources.

May 05, 2025 08:31:14

Duke Energy Increases Credit Facility to $10 Billion

Duke Energy Corporation and its subsidiaries have amended their existing credit agreement to increase the credit facility from $9 billion to $10 billion. Additionally, the termination date of the credit facility has been extended from March 16, 2029, to March 16, 2030, allowing for more financial flexibility.

There are no specific negative points mentioned in the press release regarding this amendment. The focus is primarily on the positive adjustments to the credit facility, with no adverse impacts or concerns highlighted.

Mar 17, 2025 17:12:26

Duke Energy Reports Q3 2024 EPS of $1.60 Amid Storm Costs

Duke Energy reported a third-quarter 2024 earnings per share (EPS) of $1.60, slightly up from $1.59 in the same quarter last year. The company successfully restored 5.5 million outages caused by historic storms and noted that ongoing economic development and population migration are supporting long-term growth. Despite this, the adjusted EPS of $1.62 fell short of the previous year's adjusted EPS of $1.94, primarily due to increased operational costs, a higher effective tax rate, and depreciation on assets. The company’s reaffirmed adjusted EPS guidance for 2024 suggests a trend toward the lower end of its range of $5.85 to $6.10.

On the negative side, Duke Energy faced significant storm restoration costs estimated between $2.4 billion to $2.9 billion, impacting its financial performance. The Gas Utilities and Infrastructure segment reported a loss of $25 million, compared to a profit in the prior year, while the 'Other' segment experienced a loss of $222 million, attributed to preferred redemption costs. Additionally, the effective tax rate for the quarter increased to 11.2%, up from 2.8% in the previous year, which further affected overall financial results.

Nov 06, 2024 17:55:23

Duke Energy Announces $1 Billion Debenture Offering

Duke Energy Corporation is set to issue $1 billion in junior subordinated debentures with a fixed interest rate of 6.45%, due in 2054. This offering is backed by a solid underwriting team, which includes major financial institutions, indicating strong market confidence in the company's financial stability and future growth potential. The funds raised will likely support Duke Energy's ongoing projects and operational needs, signaling a proactive approach to capital management.

However, the nature of junior subordinated debentures means they carry higher risk compared to senior debt, which could be a concern for some investors. The long maturity period until 2054 also means that the company will be tied to this debt for many years, potentially impacting its financial flexibility. Overall, while the offering reflects confidence in Duke Energy's prospects, investors should weigh the associated risks carefully.

Aug 22, 2024 16:28:02

Duke Energy Carolinas Requests Rate Increase in South Carolina

Duke Energy Carolinas filed a rate case for an 11.4% increase in retail revenues, reaching 15.5% over two years. A settlement was reached with regulatory parties, resulting in a $234 million initial customer rate increase. The company's return on equity is set at 9.94%, with a 7.32% overall return rate. Investments include coal ash recovery, grid improvement plan, and discussions on Nuclear PTCs. A one-time $2 million contribution for low-income customers is planned. Revised rates will be effective from August 1, 2024, with an expected accounting charge of $30-40 million in Q2 2024.

Jul 08, 2024 10:00:17