Yahoo Finance

• Adjusted Earnings Per Share (EPS): $1.76, a 22% increase over the first quarter of 2024.

• EPS Growth: $0.32 increase from last year.

• 2025 EPS Guidance Range: $6.17 to $6.42.

• Long-term EPS Growth Rate: 5% to 7% through 2029.

• Electric Utilities & Infrastructure Segment Growth: Up $0.33 compared to last year.

• Gas Utilities and Infrastructure Segment Growth: Up $0.08 compared to last year.

• Weather-normal Volumes Increase: 1.8% versus last year.

• Residential Volumes Increase: Over 3% in the quarter.

• Capital Investment: More than $3 billion in the quarter, on track for $15 billion for the full year.

• Common Equity Issuance: $1 billion expected in 2025, with over $530 million priced in the first quarter.

• Long-term Debt Issuances: Close to 40% completed for 2025.

• FFO to Debt Target: 14% for the year, with improvement expected over the five-year plan.

• Warning! GuruFocus has detected 11 Warning Signs with DUK.

Release Date: May 06, 2025

For the complete transcript of the earnings call, please refer to the full earnings call transcript.

Positive Points

• Duke Energy Corp (NYSE:DUK) reported a strong start to the year with first-quarter adjusted earnings per share of $1.76, a 22% increase over the previous year.

• The company received approval from the Nuclear Regulatory Commission to extend the operating license for its Oconee nuclear station for an additional 20 years, ensuring long-term power supply.

• Duke Energy Corp (NYSE:DUK) is advancing its all-of-the-above strategy by investing in new generation projects, including combined cycle units and solar and battery storage projects.

• The company is on track to achieve its 2025 earnings guidance range of $6.17 to $6.42 and maintains a long-term EPS growth rate of 5% to 7% through 2029.

• Duke Energy Corp (NYSE:DUK) announced a strategic partnership with GE Vernova to secure up to 19 natural gas turbines, ensuring timely delivery of critical infrastructure to meet growing customer needs.

Negative Points

• Higher interest expenses and depreciation partially offset the growth in the Electric Utilities & Infrastructure segment.

• The company faces potential impacts from tariffs, estimated to affect 1% to 3% of its five-year capital plan.

• Duke Energy Corp (NYSE:DUK) is issuing $1 billion of common equity this year, which could dilute existing shareholders.

• The merger of DEC and DEP utilities, while beneficial, will take time, with an effective date targeted for January 2027.

• Economic and policy uncertainties, including tariffs and global supply chain issues, pose potential risks to industrial customer activity levels.