Reports Q2 revenue $7.51B, consensus $7.47B. “We’ve had a strong start to the year, executing on our strategic priorities of advancing large-scale economic development projects, securing industry-leading regulatory and legislative outcomes, and strengthening the balance sheet,” said Harry Sideris, Duke Energy (DUK) president and chief executive officer. “To position the company for the significant growth ahead, we recently announced two strategic transactions – an equity investment in Duke Energy Florida and the sale of our Piedmont Tennessee business. These efficient funding sources at compelling valuations materially strengthen our credit profile and help fund the increasing investments needed to meet unprecedented growth over the next decade.”
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Read More on DUK:
- DUK Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Positive Outlook for Duke Energy: Strategic Asset Sales and Financial Flexibility Enhance Buy Rating
- Duke Energy’s Strategic Sale of Piedmont Natural Gas: A Move to Reduce Debt and Enhance Shareholder Value
- Duke Energy to sell Piedmont Natural Gas business to Spire for $2.48B in cash
- Spire to acquire Tennessee Piedmont Natural Gas business from Duke Energy