Duke Energy: The Massive Load Growth, Economic Development Wins 

Duke Energy’s third-quarter 2024 earnings highlighted the operational and financial impacts of an unprecedented hurricane season, significantly influencing the period’s results. The company reported an adjusted earnings per share of $1.62, down from $1.94 in the same quarter of the previous year. Several factors contributed to this decrease, primarily related to the restoration costs and revenue losses due to the series of hurricanes—Debby, Helene, and Milton—that caused extensive damage across Duke Energy’s service territories.