Duke Energy Corporation: Initiation of Coverage – Focus on Economic Development and Infrastructure Push Bound To Yield Results?

Duke Energy has delivered robust first-quarter 2024 results, underpinned by various strategic implementations and operational efficiencies. With a first-quarter adjusted earnings per share of $1.44, the company outperformed its previous year’s results by $0.24. This financial improvement is primarily attributed to growth from rate reforms across various jurisdictions, increased retail volumes, and favorable weather conditions.