Duke Energy Corporation: What Is The Impact Of Rate Case Hearings?

Duke Energy reported favorable second-quarter 2024 results, emphasizing robust operational and strategic performance. In the quarter, Duke Energy announced adjusted earnings per share of $1.18, which exceeded last year’s figures by $0.27, supported by growth across electric utilities and favorable weather conditions. This uplift facilitated the continuance of Duke Energy’s 2024 earnings guidance of $5.85 to $6.10 per share, aligning with a long-term EPS growth target of 5% to 7% through 2028, anchored by a substantial $73 billion capital investment plan. Noteworthy, Duke Energy has successfully secured regulatory approvals for around $75 billion of rate base investments since the beginning of 2023, aiding predictable returns and compliance with escalating capital costs.