Duke Energy Corporation
- Open
- 120.22
- Day high
- 121.07
- Day low
- 119.22
- Prev close
- 120.39
- Volume
- 3.4M
- Mkt cap
- $94.0B
- P/E (TTM)
- 18.1
- EPS (TTM)
- $6.66
- P/B
- 1.7
- P/S
- 2.8
- Yield
- 3.55%
- Per share
- $4.28
Duke Energy Corporation (DUK) is a Utilities company listed on NYSE. The stock is down 1% over the past year. Drillr has 7 published research articles covering DUK.
Duke Energy Corporation (DUK) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
DUK earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Aug 4, 2026 | $1.30 | $1.43 | +10.0% | $7.6B | -0.9% |
| May 5, 2026 | $1.87 | $1.93 | +3.2% | $9.2B | +8.8% |
| Nov 6, 2025 | $1.76 | $1.81 | +2.8% | $8.7B | +1.2% |
| Feb 13, 2025 | $1.65 | $1.66 | +0.6% | $7.4B | -2.9% |
| Nov 7, 2024 | $1.70 | $1.62 | -4.7% | $8.2B | +1.2% |
| Feb 8, 2024 | $1.54 | $1.51 | -1.9% | $7.2B | -0.3% |
| Nov 2, 2023 | $1.92 | $1.94 | +1.0% | $8.0B | -1.7% |
| Feb 9, 2023 | $1.06 | $1.11 | +4.7% | $7.0B | +38.5% |
| Nov 3, 2022 | $1.84 | $1.78 | -3.3% | $8.0B | +7.9% |
| Aug 4, 2022 | $1.07 | $1.14 | +6.5% | $6.7B | +13.3% |
| Feb 10, 2022 | $0.96 | $0.94 | -2.1% | $6.2B | -4.4% |
| Nov 4, 2021 | $1.79 | $1.88 | +5.0% | $7.0B | -1.0% |
DUK insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 6, 2026 | Kesner Idalene Faydirector | Grant | 266 | — |
| May 12, 2026 | Renjel Louis E.officer: EVP&CEO DEF&MW&ChiefCorpAffOff | Sell | 3,500 | $125.15 |
| May 11, 2026 | GULDNER JEFFREY B.director | Grant | 1,602 | — |
| May 11, 2026 | SKAINS THOMAS Edirector | Grant | 1,602 | — |
| May 11, 2026 | Burks Derrickdirector | Grant | 1,602 | — |
| May 11, 2026 | Sideris Harry K.director, officer: President, CEO | Sell | 20,000 | $124.37 |
| May 11, 2026 | Dunbar Webster Roydirector | Grant | 1,602 | — |
| May 11, 2026 | Kesner Idalene Faydirector | Grant | 1,602 | — |
| May 11, 2026 | Herron John Tdirector | Grant | 1,602 | $124.87 |
| May 11, 2026 | FANANDAKIS NICHOLAS Cdirector | Grant | 1,602 | $124.87 |
| May 11, 2026 | Pacilio Michael J.director | Grant | 1,602 | — |
| May 11, 2026 | Webster William E. Jr.director | Grant | 1,602 | — |
| May 11, 2026 | CRAVER THEODORE F JRdirector, other: Chair | Grant | 2,402 | $124.87 |
| May 11, 2026 | DORSA CAROLINEdirector | Grant | 1,602 | $124.87 |
| May 11, 2026 | CLAYTON ANNETTE Kdirector | Grant | 1,602 | — |
Source: DUK SEC Form 4 filings, latest Jul 6, 2026. For informational purposes only — not investment advice.
See the full DUK insider & 13F page →DUK research & analysis
Hawkish Fed Bets: JPM Leads as NEE, PLD, and HD Face Rate Headwinds
Bond traders' inflation hedges spotlight hawkish Fed risks, positioning banks like JPM and BAC for NIM gains while utilities (NEE, DUK), REITs (PLD), and HD face debt and demand headwinds. JPM tops conviction rankings with superior scale; DUK ranks most vulnerable. Elevated rates reshape sector winners and losers.
JPMBACNEEHot Inflation Kills Rate Cut Hopes: JPM Surges While REITs and Utilities Crack
Hotter-than-expected inflation dashed rate cut hopes, favoring banks like JPM and WFC via NIM expansion while pressuring debt-laden REITs (PLD, AMT) and utilities (NEE, DUK). JPM tops conviction ranks with superior scale; REITs lag on cap rate risks. Prolonged high rates could widen these gaps further.
JPMWFCPLDSR Closes $2.48B Piedmont Deal: Undervalued Utility With 5–7% EPS Growth Ahead?
Spire completes $2.48B buy of DUK's Tennessee gas unit, expanding into Nashville growth markets with accretive EPS potential. SR's fwd P/E at 15.8x undervalues the scale-up, though leverage bears watching; DUK uses proceeds for capex efficiency. Bullish on SR for 5-7% EPS trajectory.
SRUS Utilities Rotation: DUK and AEP Lead as Inflation Fades — 2 to Buy, 2 to Avoid
As inflation eases, US utilities are poised for growth driven by infrastructure investments. Duke Energy and American Electric Power emerge as strong candidates, while Dominion Energy and Entergy face challenges. Monitoring regulatory changes and economic conditions will be crucial.
AEEAEPD10-Year Treasury Yield Outlook: JPM Wins, NEE and AMT Face Debt Squeeze
ETF Trends' March 2026 10-year Treasury yield analysis forecasts elevated rates, favoring banks like JPM and BAC via NIM expansion while pressuring leveraged utilities (NEE, DUK) and REITs (PLD, AMT) on debt costs and valuations. JPM tops conviction rankings for its balance sheet strength; AMT ranks as most vulnerable.
JPMBACNEEDUK Sells Indiana Gas Unit for $2.15B — What It Means for Duke's Strategy
Piedmont Natural Gas closed its $2.48B sale of Tennessee operations to Spire on March 31, 2026, delivering cash to Duke Energy for strategic reinvestment. The move streamlines the portfolio toward high-growth electric assets amid utility consolidation. Investors benefit from deleveraging and sustained dividends, supporting a bullish outlook.
DUKBSRCan Century's Mt. Holly restart reach full capacity on schedule given US power cost volatility?
Century Aluminum's Mt. Holly restart to full 230,000-tonne capacity targets end of June 2026, backed by an extended Santee Cooper power contract through 2031 at cost-of-service rates that insulates against the worst of US power volatility. With $135.6M in cash and Q1 FY2026 EBITDA guided at $215–235M, the $50M project appears well-funded, though operational execution and aluminum price risk remain the key variables to watch.
CENXSO
Duke Energy Corporation company profile
Overview
Duke Energy Corporation (NYSE:DUK) is one of the largest electric utilities in the United States, serving approximately 8.2 million customers across six states in the Southeast and Midwest. Founded in 1904 and headquartered in Charlotte, North Carolina, the company has evolved from a regional power provider into a major regulated utility with significant natural gas operations and renewable energy investments. Duke Energy operates through three primary business segments: Electric Utilities and Infrastructure, Gas Utilities and Infrastructure, and Commercial Renewables, with a combined asset base of approximately $186 billion as of 2024.
Business
Duke Energy operates as a regulated utility company in the electric power and natural gas sectors, providing essential energy services to residential, commercial, and industrial customers across its service territories. The Electric Utilities and Infrastructure segment represents the company's core business, generating approximately 85-90% of total revenues. This division generates, transmits, distributes, and sells electricity across a service territory covering approximately 91,000 square miles. The company operates a diverse generation portfolio of approximately 50,259 megawatts (MW) of capacity, utilizing coal, natural gas, nuclear, hydroelectric, oil, and renewable sources. Duke Energy operates one of the largest nuclear fleets in the United States and has been expanding its solar generation capacity, particularly in Florida where it added 1,500 MW of solar in 2024. The Gas Utilities and Infrastructure segment contributes roughly 10-15% of revenues and serves approximately 1.6 million natural gas customers. This includes 1.1 million customers across North Carolina, South Carolina, and Tennessee, plus 550,000 customers in southwestern Ohio and northern Kentucky. The division also owns and operates pipeline transmission and natural gas storage facilities, providing critical infrastructure for gas distribution. The Commercial Renewables segment, representing a smaller portion of revenues, develops and operates wind and solar projects for third-party customers. As of 2024, this segment operates 23 wind facilities, 178 solar installations, 2 battery storage facilities, and 71 fuel cell locations with a combined capacity of 3,554 MW across 22 states. However, Duke Energy has been strategically divesting from this non-regulated business to focus resources on its regulated utility operations.
Revenue model
Duke Energy generates revenue primarily through regulated utility rate structures approved by state public utility commissions. The company earns returns on its invested capital (rate base) through customer rates that cover operating expenses, depreciation, taxes, and an allowed return on equity typically ranging from 9-10%. The electric utilities business model involves charging customers for electricity consumption measured in kilowatt-hours, with rates varying by customer class (residential, commercial, industrial) and usage patterns. Duke Energy also earns revenues from capacity charges, grid connection fees, and various regulatory cost recovery mechanisms. The company benefits from automatic cost recovery riders in many jurisdictions, allowing it to recover fuel costs, environmental compliance expenses, and infrastructure investments without lengthy rate case proceedings. The natural gas segment operates similarly, charging customers for gas consumption measured in therms or cubic feet, plus distribution and delivery charges. Revenue growth comes from customer additions, rate increases, and infrastructure investment recovery through annual rate adjustment mechanisms. Several factors influence Duke Energy's profitability margins. Weather patterns significantly impact electricity demand, with hot summers and cold winters driving higher usage and revenues. Economic growth in the company's service territories, particularly from data centers and manufacturing facilities, creates sustained load growth. The company is experiencing accelerating demand from data center development, with management reporting over 7 gigawatts in their near-term development pipeline. Regulatory outcomes directly affect profitability through allowed returns on equity, cost recovery mechanisms, and rate design. Duke Energy has generally maintained constructive regulatory relationships, securing approval for $45 billion in rate base investments in recent years. Fuel and purchased power costs impact margins, though most jurisdictions allow cost recovery through fuel adjustment clauses. Interest rates affect financing costs for the capital-intensive business, while environmental regulations drive both compliance costs and investment opportunities in cleaner generation technologies.
Competitive moat
Duke Energy possesses a strong economic moat typical of regulated utilities, built primarily on natural monopoly characteristics and regulatory barriers to entry. The company's electric and gas distribution networks represent substantial infrastructure moats - it would be economically impractical and politically unlikely for competitors to duplicate the extensive transmission and distribution systems serving Duke Energy's territories. The regulatory framework provides significant protection through exclusive service territories granted by state commissions. These geographic monopolies ensure Duke Energy faces no direct competition for most of its customer base. Additionally, the company benefits from regulatory asset recovery mechanisms that provide reasonable assurance of earning returns on prudent investments, reducing business risk compared to competitive industries. Duke Energy's scale advantages manifest in its ability to spread fixed costs across a large customer base, negotiate favorable fuel and equipment contracts, and maintain specialized technical expertise. The company's nuclear fleet, representing approximately 11,000 MW of carbon-free baseload generation, provides particular competitive advantages given the extremely high barriers to entry for new nuclear development. However, the moat faces several challenges. Distributed energy resources like rooftop solar and battery storage could gradually erode the traditional utility model, though regulatory net metering policies currently limit this threat. Energy efficiency improvements and demand response technologies may slow load growth. Political and regulatory risks include potential changes to rate-making methodologies, environmental regulations, or utility business models. The rise of competitive electricity markets in some regions poses a long-term structural threat, though Duke Energy's territories have remained largely regulated. Climate change policies could accelerate the need for costly generation transitions, potentially straining the company's ability to earn adequate returns on stranded assets. Despite these challenges, Duke Energy's essential service nature and regulated monopoly structure provide substantial defensive characteristics.
Risks & safety
Duke Energy demonstrates moderate financial safety with some leverage concerns typical of capital-intensive utilities, but benefits from stable regulated cash flows and strong credit metrics. **Liquidity and Solvency:** - Cash and short-term investments: $475 million (Q1 2025) - Current ratio: 0.77 (below 1.0 indicates potential short-term liquidity pressure) - Quick ratio: 0.50 (marginal liquidity position) - Total debt-to-equity ratio: 1.73 (high leverage but typical for utilities) - The company maintains investment-grade credit ratings and targets 14% FFO-to-debt ratio **Valuation Metrics:** - Price-to-earnings ratio: 17.2x (reasonable for a utility) - Price-to-book ratio: 1.87x (modest premium to book value) - EV/EBITDA: 11.4x (within normal utility range) - Graham number suggests fair value around $51, indicating potential overvaluation at current levels **Cash Flow Considerations:** - Operating cash flow: $2.2 billion (Q1 2025), providing solid coverage - Free cash flow: -$971 million (negative due to heavy capital investments) - The company's $83 billion five-year capital plan requires substantial external financing - Management targets maintaining strong credit ratings with adequate cushion above downgrade thresholds
Recent development
Duke Energy has undergone significant strategic transformation over the past few years, focusing on regulated utility growth and divesting non-regulated businesses. The company completed the sale of its Commercial Renewables business to concentrate capital and management attention on regulated operations in constructive jurisdictions. The company has embarked on an ambitious $83 billion five-year capital investment program aimed at grid modernization, generation diversification, and meeting growing customer demand. This represents an increase from previous capital plans and reflects accelerating investment opportunities. Key infrastructure projects include over 2 gigawatts of new natural gas generation capacity, continued solar expansion in Florida, and extensive transmission and distribution upgrades. Nuclear fleet optimization has become a strategic priority, with Duke Energy receiving Nuclear Regulatory Commission approval to extend the Oconee nuclear station license by 20 years. The company is exploring Small Modular Reactor (SMR) technology and has included 600 MW of SMR capacity in its North Carolina Integrated Resource Plan for 2035. Management is also pursuing up-rate projects to increase capacity at existing nuclear facilities. Load growth acceleration represents a major strategic opportunity, with Duke Energy signing letters of agreement for nearly 1 gigawatt of data center projects in April 2025 alone. The company projects load growth of 1.5-2% near-term, accelerating to 3-4% annually beginning in 2027 as economic development projects come online. This includes significant interest from hyperscale data centers, advanced manufacturing, and pharmaceutical companies. The company has implemented regulatory modernization initiatives, including multi-year rate plans and forward-looking cost recovery mechanisms that reduce regulatory lag and provide more predictable earnings growth. Duke Energy is also advancing utility merger discussions between Duke Energy Carolinas and Duke Energy Progress to achieve operational efficiencies and improved customer service.
DUK company profile · for informational purposes only — not investment advice.
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