Duke Energy's Quarterly Earnings Preview: What You Need to Know
With a market cap of $91.6 billion, Duke Energy Corporation (DUK) is one of the largest energy holding companies in the United States, providing electricity and natural gas to millions of customers across the Southeast and Midwest. The company operates through its Electric Utilities and Infrastructure and Gas Utilities and Infrastructure segments, along with a growing Commercial Renewables portfolio.
Based in Charlotte, North Carolina, the company is slated to announce its fiscal Q2 2025 earnings results before the market opens on Tuesday, Aug. 5. Ahead of this event, analysts expect Duke Energy to report a profit of $1.29 per share, a rise of 9.3% from $1.18 in the year‑ago quarter. It has exceeded Wall Street's earnings expectations in three of the past four quarters while missing on another occasion.
For fiscal 2025, analysts expect the electric utility to report EPS of $6.32, an increase of 7.1% from $5.90 in fiscal 2024.
Shares of Duke Energy have risen 9.5% over the past 52 weeks, lagging behind the broader S&P 500 Index's ($SPX) 12.3% return and the Utilities Select Sector SPDR Fund's (XLU) 17.4% gain over the same period.
Shares of DUK rose 1.8% on May 6 after its strong Q1 2025 earnings report. The company posted EPS of $1.76, surpassing the consensus estimate and marking a 22.2% year-over-year increase, driven by higher retail sales volumes, new rates and riders, and favorable weather. Total operating revenues reached $8.3 billion, exceeding the consensus estimate and growing 7.5% from the prior year, with notable contributions from regulated electric and natural gas segments.
Investors also responded positively to Duke reaffirming its 2025 EPS guidance range of $6.17 - $6.42 and maintaining its long-term 5% - 7% annual earnings growth outlook through 2029.
Analysts' consensus view on DUK stock remains cautiously optimistic, with a "Moderate Buy" rating overall. Out of 21 analysts covering the stock, 11 recommend a "Strong Buy," one "Moderate Buy," and nine "Holds." As of writing, the stock is trading below the average analyst price target of $129.67.
On the date of publication, Sohini Mondal did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.