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Duke Energy Q3 adjusted EPS beats estimates

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

$1.99

$1.86 (17 Analysts)

Q3 EPS

$1.99


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.)

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