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Jun 30, 2024

Duke Energy Q2 2024 Earnings Report

Second-quarter earnings were reported with EPS of $1.13 and adjusted EPS of $1.18.

Key Takeaways

Duke Energy reported a strong second quarter with reported EPS of $1.13 and adjusted EPS of $1.18. The company is reaffirming its 2024 adjusted EPS guidance range of $5.85 to $6.10, and long-term adjusted EPS growth rate of 5% to 7% through 2028 off the 2024 midpoint of $5.98. Clear growth visibility is driven by a $73 billion capital plan.

Second-quarter 2024 reported EPS of $1.13 and adjusted EPS of $1.18

Strong performance in the first half of the year sets the stage for full year results within guidance range

Constructive outcomes build momentum and provide foundation for continued growth

Clear growth visibility driven by $73 billion capital plan

Total Revenue
$7.17B
Previous year: $6.58B
+9.0%
EPS
$1.18
Previous year: $0.91
+29.7%
Effective Tax Rate
13.1%
Gross Profit
$2.14B
Previous year: $3.09B
-30.7%
Cash and Equivalents
$390M
Previous year: $567M
-31.2%
Free Cash Flow
-$43M
Previous year: -$817M
-94.7%
Total Assets
$182B
Previous year: $180B
+0.8%

Duke Energy

Duke Energy

Duke Energy Revenue by Segment

Forward Guidance

The company is reaffirming its 2024 adjusted EPS guidance range of $5.85 to $6.10, and long-term adjusted EPS growth rate of 5% to 7% through 2028 off the 2024 midpoint of $5.98.

Revenue & Expenses

Visualization of income flow from segment revenue to net income