Duke Energy Corporation
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About the company
Duke Energy Corporation (DUK-PA) is a prominent energy provider operating across the United States, managing its diverse portfolio through three main divisions: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables. The Electric Utilities and Infrastructure segment is responsible for the generation, transmission, distribution, and sale of electricity, primarily serving customers in the Carolinas, Florida, and the Midwestern states. It utilizes a diverse fuel mix, including coal, hydroelectric, natural gas, oil, renewable sources, and nuclear power.
- CEO
- Harry K. Sideris
- IPO
- 2019
- Employees
- 26,441
- HQ
- Charlotte, NC, US
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- Market Cap
- $93.82B
- P/E
- 18.42
- Fwd P/E
- 3.59
- PEG
- 2.09
- P/S
- 2.87
- P/B
- 1.75
- EV/EBITDA
- 11.50
- Div Yield
- 3.49%
- Gross Margin
- 68.19%
- Op Margin
- 27.60%
- Net Margin
- 15.72%
- ROE
- 9.88%
- ROIC
- 4.20%
Latest fiscal year · YoY change
- Revenue
- $32.24B+6.2%
- Gross Profit
- $10.17B-33.1%
- Op Income
- $8.58B
- Net Income
- $4.97B+10.2%
- EPS
- $6.31+10.5%
- OCF Growth
- +0.2%
- FCF Growth
- -3583.3%
- 52W High
- $25.41
- 52W Low
- $23.95
- 50D MA
- $24.54
- 200D MA
- $24.84
- Beta
- 0.34
- RSI (14)
- 37
- Avg Volume
- 79.07K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Duke Energy posted solid second-quarter adjusted EPS, reaffirmed full-year 2026 guidance, and highlighted accelerating large-load demand, a big regulated capital plan, and confidence in stronger growth starting in 2028.· August 4, 2026
- Adjusted EPS was $1.43, versus $1.25 a year ago; reported EPS was $1.38 versus $1.25 last year.
- The company reaffirmed 2026 EPS guidance of $6.55 to $6.80 and its 5% to 7% EPS growth target through 2030.
- Management said 7.8 gigawatts of data-center ESAs are signed and the remaining 15.4-gigawatt pipeline is expected to convert by the first half of 2027.
- Duke said its current 5-year capital plan could have $5 billion to $10 billion of upside, largely tied to Florida and Indiana large-load opportunities.
- Balance-sheet and shareholder-return messaging remained constructive: FFO to debt is expected to be 14.5% this year, 15% longer term, and the quarterly dividend was increased 2% in July.
Duke reported second-quarter adjusted EPS of $1.43 and reported EPS of $1.38, both up from $1.25 in the prior-year quarter. Electric Utilities and Infrastructure contributed $0.15 of year-over-year EPS growth, while Gas Utilities and Infrastructure was largely flat and Other was up $0.03. Management reiterated full-year 2026 EPS guidance of $6.55 to $6.80 and reaffirmed long-term EPS growth of 5% to 7% through 2030, saying the company expects to earn in the top half of that range beginning in 2028. The company also said it is on track to reach an FFO-to-debt target of 14.5% for the year and expects 15% longer term as additional DEF minority interest proceeds are received.
Harry Sideris emphasized that Duke is benefiting from strong demand growth across its territories and from the largest regulated capital plan in the industry, with spending of more than $1 billion per month. He stressed disciplined execution, affordability, and customer protection, repeatedly saying the company will not move forward on new projects without financial protections for customers and investors. On growth, he said Duke is increasingly confident that large-load projects and economic development deals will support stronger earnings momentum, with top-half EPS growth targeted starting in 2028.
Brian Savoy said the quarter reflected strong regulated-utility growth, with reported and adjusted EPS of $1.38 and $1.43 compared with $1.25 in the prior-year period. He pointed to $0.15 of growth in Electric Utilities and Infrastructure, partly offset by higher depreciation and interest expense, while noting lower interest expense from Tennessee and Florida transaction proceeds helped the Other segment. He also highlighted that Duke is on track for a 14.5% FFO-to-debt target this year, expects 15% longer term, and has already priced $600 million under the ATM this year to proactively fund future equity needs.
Analysts focused on whether Duke might raise its growth outlook sooner, given the size of the large-load pipeline and potential $5 billion to $10 billion of incremental capital. Management said the current 5% to 7% growth range still looks right for now, with an update typically coming in the fourth quarter unless something material changes. Questions also probed Indiana affordability, a possible genco structure, new nuclear choices and timing, and gas-supply or construction bottlenecks; Duke said it shares policymakers’ affordability focus, is still evaluating genco, is keeping AP1000 and SMR options open, and sees no major supply or execution constraint at this point.
The bullish case from this call is that Duke appears to have multiple visible growth drivers: a large regulated capital program, 7.8 gigawatts of signed data-center ESAs, and potential $5 billion to $10 billion of additional capital upside. Management sounded increasingly confident that load growth and economic development wins will translate into higher earnings power, while balance-sheet targets and dividend growth remain intact.
The main risks discussed were execution, timing, and regulatory/affordability scrutiny. Management said many large-load negotiations are taking longer because they are complex, Indiana stakeholders are focused on affordability, and Duke still needs financial protections before committing to new nuclear. The company also flagged ongoing uncertainty around new nuclear structure, future equity pacing, and whether the remainder of the pipeline converts as expected.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 99.8%
- Shares Outstanding
- 3.90B
- Float Shares
- 3.90B
of shares held by institutions
9 13F filers
Buy/sell ratio 2.29. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Org Partners LLC | 15 | 0 |
Held by 13 ETFs
Biggest fund positions in DUK-PA by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 2, 26 | Kesner Idalene Fay | other | 266 |
| May 19, 26 | Weintraub Alexander J. | other | 3,265 |
| May 20, 26 | Weintraub Alexander J. | other | 394 |
| May 18, 26 | CRAVER THEODORE F JR | other | 2,402 |
| May 11, 26 | Renjel Louis E. | sell | 3,500 |
| May 7, 26 | GULDNER JEFFREY B. | other | 1,602 |
| May 7, 26 | Pacilio Michael J. | other | 1,602 |
| May 7, 26 | Burks Derrick | other | 1,602 |
| May 7, 26 | DORSA CAROLINE | other | 1,602 |
| May 7, 26 | Herron John T | other | 1,602 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our DUK-PA coverage
Recent articles, reports, and earnings notes.
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