Duke Energy(DUK)

Search documents
Energy Provider's Stock Skyrockets on Huge Q2 Earnings Beat
MarketBeat· 2024-08-08 14:43
Duke Energy Today | --- | --- | |----------------------|-------| | | | | Duke Energy | | | $113.80 | | | +0.29 (+0.26%) | | | 52-Week Range $83.06 | | | ▼ | | | $116.67 | | | Dividend Yield 3.67% | | | P/E Ratio 28.59 | | | Price Target $106.75 | | Add to Watchlist Duke Energy NYSE: DUK is in the utilities sector and is the third-largest electric utility company in the United States and Canada by market capitalization. The firm has outperformed its sector and the market in 2024, with a total return of 19%. ...
Duke Energy: A Strong Q2, But Shares Near Fair Value
Seeking Alpha· 2024-08-08 06:47
OliverChilds Duke Energy (NYSE:DUK) reported a solid set of Q2 results. EPS topped estimates and its management team reaffirmed guidance. I have a hold rating on the stock, though. It's a fundamentally sound company in my view, but shares are merely near fair value while its technical situation is encouraging, with the stock testing threeyear highs. The Utilities sector has been in favor over the past month as investors have rotated out of tech and high-growth stocks. Some might call it late-cycle behavior ...
Duke Energy Florida thanks customers for their patience as company wraps up rapid restoration for nearly all customers impacted by Hurricane Debby
Prnewswire· 2024-08-07 20:50
Advanced automated technology, year-round grid strengthening work accelerates rapid response during powerful storm Company has restored more than 330,000 customers since Sunday morning, with approximately 5,000 customers remaining as of 3:15 p.m. ST. PETERSBURG, Fla., Aug. 7, 2024 /PRNewswire/ -- Duke Energy rapidly restored power for more than 90% of its customers within 24 hours after Hurricane Debby made landfall in Florida's Big Bend. The company credits the rapid response to its year-round storm prepar ...
Duke Energy ramps up support ahead of Tropical Storm Debby; donates $50,000 to the American Red Cross
Prnewswire· 2024-08-07 18:49
Core Insights - Duke Energy is mobilizing 7,500 workers, including 300 from the Midwest, to support storm restoration efforts as Tropical Storm Debby approaches the Carolinas [1][2] - The Duke Energy Foundation has donated $50,000 to the American Red Cross for disaster response and relief efforts, contributing over $2.8 million in the past five years [2][3] Company Operations - Duke Energy is strategically staging crews across the Carolinas to ensure a prompt response once conditions are safe [2] - The company serves 8.4 million customers across multiple states and has a total energy capacity of 54,800 megawatts [11] Safety and Preparedness - Customers are encouraged to prepare for potential power outages by creating emergency supply kits and having a plan in place [5][6] - Duke Energy provides safety guidelines for electrical hazards during floods, emphasizing the importance of turning off power and avoiding downed lines [7][8] Clean Energy Transition - Duke Energy is committed to a clean energy transition, aiming for net-zero methane emissions by 2030 and net-zero carbon emissions by 2050 [12] - The company is investing in electric grid upgrades and cleaner energy sources, including renewables and energy storage [12]
Duke Energy restores power for 90% of customers within 24 hours, establishes estimated time of restoration for north Florida customers impacted by Hurricane Debby
Prnewswire· 2024-08-06 19:34
ST. PETERSBURG, Fla., Aug. 6, 2024 /PRNewswire/ -- Duke Energy Florida rapidly restored power for 90% of its customers within 24 hours after Hurricane Debby made landfall in the Big Bend. Crews continue to work tirelessly to restore power in areas hardest hit, and the company will not stop until every customer has power. Duke Energy Florida anticipates restoring 95% of customers in Citrus, Hernando, Lake, Levy, Marion and Sumter counties by 11:59 p.m. Tuesday evening, though many customers will be restored ...
U.S. Department of Energy awards Duke Energy project $57 million in cost-share funding to enhance North Carolina's energy grid
Prnewswire· 2024-08-06 19:09
Grant will help fund 40-mile transmission line rebuild in Wake, Johnston and Wayne counties to improve reliability for an estimated 14,000 customers RALEIGH, N.C., Aug. 6, 2024 /PRNewswire/ -- U.S. Secretary of Energy Jennifer Granholm today announced the U.S. Department of Energy (DOE)'s Grid Deployment Office has selected the North Carolina Innovative Transmission Rebuild project to receive $57 million in cost-share funding to enhance the power grid's ability to deliver affordable, resilient energy. The p ...
Duke Energy(DUK) - 2024 Q2 - Earnings Call Presentation
2024-08-06 18:02
Financial Performance - Q2 2024 reported EPS was $1.13, and adjusted EPS was $1.18[9] - The company reaffirmed its 2024 adjusted EPS guidance range of $5.85 - $6.10[9] - The company reaffirmed its growth rate through 2028 of 5% - 7% off the midpoint of the 2024 guidance range ($5.98)[9] Capital Investments and Regulatory Approvals - Approximately $75 billion of investments have been approved or settled since 2023[12] - The company has a $73 billion five-year capital plan (2024-2028)[7] - Approximately 90% of electric capital investments are eligible for efficient recovery mechanisms[7] Load Growth and Economic Development - Q2 2024 total retail volume growth was 1.9% compared to Q2 2023[19] - The company projects total load growth of approximately 2% in 2024[19] - Data center load represents 3% of total commercial sales in 2023, projected to grow to 10% in 2028[21] Financial Position - The company is on track for 14% FFO/Debt in 2024 and is targeting a minimum of 14% over the long term[22] - The company plans for $500 million in annual equity issuances from 2024-2028 via DRIP/ATM[22] - As of June 30, 2024, total available liquidity was approximately $5.9 billion[43, 71]
Duke Energy(DUK) - 2024 Q2 - Earnings Call Transcript
2024-08-06 18:00
Duke Energy Corporation (NYSE:DUK) Q2 2024 Earnings Conference Call August 6, 2024 10:00 AM ET Company Participants Abby Motsinger - VP, IR Lynn Good - Chair & CEO Harry Sideris - President, Duke Energy Brian Savoy - CFO & EVP Conference Call Participants Constantine Lednev - Guggenheim Partners Nick Campanella - Barclays Julien Dumoulin-Smith - Jefferies Jeremy Tonet - JPMorgan Anthony Crowdell - Mizuho Carly Davenport - Goldman Sachs Operator Hello, everyone, and welcome to Duke Energy's Second Quarter 2 ...
Duke Energy Swings to a Profit, Benefiting From Higher Rates and Better Weather
Investopedia· 2024-08-06 17:55
Key Takeaways Duke Energy beat second-quarter earnings and revenue estimates on higher rates and sales volumes, as well as favorable weather. The company's Electric Utilities and Infrastructure division posted a 28.2% year-over-year jump in income. Income from Duke Energy's Gas and Infrastructure unit tumbled as costs rose. Duke Energy (DUK) shares advanced after the utility company swung to a profit as it benefited from higher prices and sales volumes, as well as favorable weather conditions. The North Car ...
Piedmont Natural Gas urges customers to prepare for flooding and severe storms
Prnewswire· 2024-08-06 15:00
CHARLOTTE, N.C., Aug. 6, 2024 /PRNewswire/ -- As Tropical Storm Debby approaches North Carolina, Piedmont Natural Gas is urging customers to follow a few simple steps to stay safe if their natural gas equipment or appliances are damaged or flooded due to severe weather. "Keeping our communities safe is at the heart of what we do, and we want to make sure our customers know how to stay safe before, during and after this storm passes," said Adam Long, Piedmont Natural Gas chief operations officer. "Following ...