Duke Energy Corporation

DUK
Sector

Utilities

Industry

Utilities - Regulated Electric

Market Cap

$81.70B

Employees

27K

Company Overview

Duke Energy Corporation is an energy company operating primarily in the U.S. through its regulated utilities. They provide retail electric service through generation, transmission, and distribution to approximately 8.4 million customers in the Southeast and Midwest. Duke Energy also has a natural gas distribution business serving over 1.7 million customers. The company's market position is supported by its regulated operations and diverse energy resources.

Filing Highlights

Key insights and themes extracted from this filing

10 Themes

Financial Performance

3 Insights

Total operating revenues increased to $7,172 million for the three months ended June 30, 2024, compared to $6,578 million for the same period in 2023. This increase was primarily driven by regulated electric revenues, which rose from $6,176 million to $6,746 million.

Operating income increased to $1,707 million for the three months ended June 30, 2024, compared to $1,430 million for the same period in 2023, reflecting the increase in revenues.

Net income attributable to Duke Energy Corporation was $900 million for the three months ended June 30, 2024, compared to a loss of $220 million for the same period in 2023, primarily due to the increase in operating income and a loss from discontinued operations in the prior year.

Growth & Strategy

3 Insights

Management Execution

3 Insights

Risk Factors

3 Insights

Competitive Position

3 Insights

Operational Efficiency

3 Insights

Innovation & Technology

3 Insights

Capital Allocation

3 Insights

ESG Initiatives

3 Insights

Market Environment

3 Insights