Duke Energy is based in Charlotte, North Carolina. Its electric utilities serve 8.2 million customers in the south and Midwest, from Florida to Ohio. It also provides natural gas services to 1.6 million clients. The company employs 28,000 people.
Income Investor
Duke recently released strong third quarter results. Operating revenue for the three months to Sept. 30 was $8.5 billion, up from $8.2 billion in the same quarter of 2024. Net income applicable to shareholders was $1.4 billion ($1.81 per diluted share) compared to $1.3 billion ($1.60 per share) a year ago. For the first nine months of the fiscal year, operating revenue was $24.3 billion, an increase of 5.7% from $23 billon in 2024. Net income was $3.8 billion ($4.81 per diluted share), compared to $3.2 billion ($4.16 a share) the year before. The company narrowed its 2025 adjusted EPS guidance range to $6.25to $6.35. Long-term adjusted EPS growth rate is expected to be 5% to 7% through 2029. RBC Capital Markets has a target price of $143 for the stock. - Gordon Pape
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DUK was first recommended here on October 16, 2022