Duke Energy Q3 adjusted EPS beats estimates

Overview

• US electric and gas utility's Q3 adjusted EPS rose yr/yr, beating analyst expectations

• Company narrowed 2026 adjusted EPS guidance, citing strong YTD performance

• Higher results driven by infrastructure investment recovery and favorable weather, partly offset by higher costs

Outlook

• Duke Energy narrows 2026 adjusted EPS guidance to $6.70-$6.80, from prior range

• Company expects 2026 results near top end of guidance range

• Duke Energy reaffirms long-term adjusted EPS growth rate of 5%-7% through 2030

Result Drivers

• INFRASTRUCTURE INVESTMENT RECOVERY - Higher Q3 results were primarily driven by recovery of infrastructure investments to reliably serve customers in growing jurisdictions

• FAVORABLE WEATHER - Company said favorable weather contributed to higher Q3 results

• HIGHER DEPRECIATION AND INTEREST EXPENSE - Results were partly offset by higher depreciation on a growing asset base and higher interest expense

Company press release: Full Story

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the electric utilities peer group is "buy"

• Wall Street's median 12-month price target for Duke Energy Corp is $130.00, about 0.3% above its November 4 closing price of $129.59

• The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 18 three months ago

Reuters Recommended Reads

• Nov 4 - Black Hills Q3 adjusted EPS rises on new rates and rider recovery

• Nov 3 - Pinnacle West Q3 revenue rises, EPS beats expectations

• Nov 2 - Utility holding company PSEG Q3 revenue falls, maintains 2026 guidance

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)