Duke Energy(NYSE) DUK

Duke Energy Corporation gives electricity and gas to homes. It uses wires and pipes to power everyday life. The company serves millions of customers in the United States.

Powering Homes and Businesses

• Electric Utilities and Infrastructure: Generates, transmits, and sells electricity to retail customers; provides wholesale power to municipalities and electric cooperatives.
• Gas Utilities and Infrastructure: Distributes natural gas to residential, commercial, and industrial facilities; operates pipeline transmission networks and natural gas storage sites.
• Commercial Renewables: Operates a portfolio of wind farms, solar installations, and energy storage solutions; serves utility companies and corporate clients across 22 states.

Strategic Moves and Asset Sales

• Completed the sale of Piedmont's Tennessee natural gas business to Spire, Inc. for approximately $2.5 billion on March 31, 2026.
• Transferred a 9.19% ownership interest in Florida Progress to an affiliate of Brookfield Super-Core Infrastructure Partners for approximately $2.8 billion on March 3, 2026.
• Executed a multiyear agreement in April 2026 to sell up to $3.1 billion of net tax credits through 2029.
• Received regulatory authorization to combine its two electric utility subsidiaries operating in the Carolinas with a target effective date of Jan. 1, 2027.

Large Reach and Nuclear Reliability

The company manages an electric generation fleet with a generating capacity of approximately 50,259 megawatts across a service area of 91,000 square miles. Its nuclear fleet provides carbon-free power and achieved a record systemwide capacity factor in 2025.

Recent Financial Performance

• GAAP reported earnings per share was $3.35 for the six-month period ended June 30, 2026, compared to $3.00 for the six-month period ended June 30, 2025.
• Non-GAAP adjusted earnings per share was $3.36 for the six-month period ended June 30, 2026, compared to $3.00 for the six-month period ended June 30, 2025.
• Net cash provided by operating activities was $4.27 billion for the six-month period ended June 30, 2026.
• Market capitalization was $98.6 billion in Q2 2026, up 7.5% year over year.

Evolution Toward Regulated Growth

Duke Energy has transitioned its business model by selling noncore assets and focusing on regulated utility infrastructure. This strategy supports reliable service delivery while funding long-term capital investments for its growing customer base.