Duke Energy Corporation's (DUK) third-quarter 2024 adjusted earnings of $1.62 per share missed the Zacks Consensus Estimate of $1.73 by 6.4%. Moreover, the bottom line declined 16.5% from $1.94 per share reported in the year-ago quarter.See the Zacks Earnings Calendar to stay ahead of market-making news. The year-over-year decline in adjusted earnings was due to a higher effective tax rate, storm costs, increasing interest expense and higher depreciation on a growing asset base.The company generated GAAP ea ...

For the transition period from _________to_________ Commission File NumberRegistrant, State of Incorporation or Organization, Address of Principal Executive Offices, Zip Code and Telephone NumberIRS Employer Identification No. 1-32853 DUKE ENERGY CORPORATION 20-2777218 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRAN ...

Duke Energy (DUK) came out with quarterly earnings of $1.62 per share, missing the Zacks Consensus Estimate of $1.73 per share. This compares to earnings of $1.94 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.36%. A quarter ago, it was expected that this electric utility would post earnings of $1.01 per share when it actually produced earnings of $1.18, delivering a surprise of 16.83%.Over the last four quarters, the comp ...

About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...

CHARLOTTE, N.C., Nov. 7, 2024 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its third-quarter 2024 financial results in a news release available on the company's website at the following link: duke-energy.com/investors.Lynn Good, chair and chief executive officer, Harry Sideris, president, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET today.The cal ...

News Release Media Contact: Gillian Moore 24-Hour: 800.559.3853 Analyst Contact: Abby Motsinger Office: 704.382.7624 November 7, 2024 Duke Energy reports third-quarter 2024 financial results ▪ Third-quarter 2024 reported EPS of $1.60 and adjusted EPS of $1.62 ▪ Company restores 5.5 million outages from historic storm season ▪ Robust economic development and population migration continue to support long-term growth CHARLOTTE, N.C. – Duke Energy (NYSE: DUK) today announced third-quarter 2024 reported EPS of $ ...

A 1,000 kWh residential customer bill will decrease by $9.77 beginning in January Bills will be impacted by the company's storm cost recovery later in 2025ST. PETERSBURG, Fla., Nov. 5, 2024 /PRNewswire/ -- Today, the Florida Public Service Commission approved Duke Energy Florida's request to lower rates and decrease customer bills in January 2025 as part of an annual adjustment for the cost of fuel used to generate electricity at the company's power plants, as well as other clause adjustments.  Typical res ...

CHARLOTTE, N.C., Nov. 2, 2024 /PRNewswire/ -- Duke Energy issued the following statement in response to yesterday's order by the North Carolina Utilities Commission (NCUC) on its Carolinas Resource Plan.BackgroundOn Aug. 17, 2023, Duke Energy filed its proposed Carolinas Resource Plan with the North Carolina Utilities Commission (NCUC), two days after filing the same plan with the Public Service Commission of South Carolina (PSCSC). The Carolinas Resource Plan is Duke Energy's proposed road map for its dual ...

Free home energy assessment available in-home and virtually. Seal and insulate your home and save through rebate program. B-roll available: Virtual home energy assessment, energy efficiency tipsCHARLOTTE, N.C., Nov. 1, 2024 /PRNewswire/ -- As daylight saving time ends this weekend, it's time to turn back our clocks and lock in energy savings ahead of the winter season."Our goal is to help give customers greater control over their energy use and provide them with more options to save money," said Kendal Bow ...

Wall Street expects a year-over-year decline in earnings on higher revenues when Duke Energy (DUK) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 7. ...