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Sep 30, 2024
Duke Energy Q3 2024 Earnings Report
Reported EPS of $1.60 and adjusted EPS of $1.62, driven by a higher effective tax rate, storm costs, interest expense and depreciation on a growing asset base, partially offset by growth from rate increases and riders.
Key Takeaways
Duke Energy announced third-quarter 2024 reported EPS of $1.60 and adjusted EPS of $1.62. Lower third-quarter 2024 adjusted results were driven by a higher effective tax rate, storm costs, interest expense and depreciation on a growing asset base, partially offset by growth from rate increases and riders. The company reaffirms its 2024 adjusted EPS guidance range of $5.85 to $6.10 and trending to the lower half of the range.
Third-quarter 2024 reported EPS of $1.60 and adjusted EPS of $1.62
Company restores 5.5 million outages from historic storm season
Robust economic development and population migration continue to support long-term growth
Constructive regulatory outcomes position the company for a strong finish to the year
Revenue by Segment
Forward Guidance
The company is reaffirming its 2024 adjusted EPS guidance range of $5.85 to $6.10 and trending to the lower half of the range. The company is reaffirming its 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
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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