Duke Energy ( (DUK) ) has released its Q1 earnings. Here is a breakdown of the information Duke Energy presented to its investors.
Duke Energy, a leading energy holding company in the United States, operates in the electric and natural gas sectors, serving millions of customers across several states and focusing on a transition to cleaner energy sources. In its first-quarter 2025 earnings report, Duke Energy announced a reported and adjusted earnings per share (EPS) of $1.76, marking a significant increase from the $1.44 EPS in the same period of 2024. This growth was attributed to higher retail sales volumes, new rates, and improved weather conditions, despite facing higher interest and operational expenses.
The Electric Utilities and Infrastructure segment saw a notable rise in income, driven by increased retail sales and favorable weather, while the Gas Utilities and Infrastructure segment also reported income growth due to rate increases. However, the ‘Other’ segment experienced a loss primarily due to higher interest expenses. The company’s effective tax rate decreased, contributing positively to its financial results.
Duke Energy reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42 and projected a long-term growth rate of 5% to 7% through 2029. The company continues to focus on regulatory outcomes and strategic investments in grid modernization and cleaner energy generation to meet growing energy demands.
Looking ahead, Duke Energy remains committed to its energy transition strategy, aiming to balance customer reliability and affordability while achieving its carbon emission reduction goals. The company’s strong financial performance and strategic initiatives position it well for future growth and adaptation to evolving energy needs.