Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Duke Energy's second quarter of 2026 was defined by the completion of two strategic transactions that generated approximately $5.3 billion in cash proceeds, strengthening its ability to fund a growing capital plan. Management attributed the increase in adjusted earnings per share to constructive rate case outcomes and higher weather-normal sales volumes, partially offset by rising depreciation and interest costs. While the Electric Utilities segment benefited from regulatory rate relief and customer growth, the Gas Utilities segment saw lower revenues following the sale of its Tennessee business. The period also featured significant regulatory progress, including FERC authorization for combining its Carolinas electric utilities and settlements in key rate proceedings, balanced against emerging uncertainty around environmental regulations.
Last 4 quarters: 3 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026This filing | 1.43 | 1.32 | Beat +8.5% |
| Mar 2026 | 1.93 | 1.89 | Beat +2.2% |
| Dec 2025 | 1.50 | 1.50 | Miss -0.1% |
| Sep 2025 | 1.81 | 1.77 | Beat +2.5% |
Reported EPS of $1.43 versus the $1.32 analyst consensus — a +8.5% beat for Jun 2026.
2 reported segments · SEC XBRL
Segment revenue totals $7.42B; with $5M of reconciling items (corporate, unallocated and eliminations) it ties to the $7.43B of consolidated revenue on the income statement.
Compiled by AI from 10-Q Item 2 of this filing
Duke Energy closed a minority investment in Florida Progress for $2.8 billion and the sale of Piedmont's Tennessee business for $2.5 billion, providing significant proceeds to support future infrastructure investments.
Source: 10-Q Item 2 MD&A
Adjusted earnings per share reached $1.43, up from $1.25 a year ago, primarily due to the recovery of infrastructure investments through higher rates and increased weather-normal retail volumes, partly offset by higher depreciation and interest expense.
Source: 10-Q Item 2 MD&A
FERC authorized the proposed combination of Duke Energy Carolinas and Duke Energy Progress, and both North Carolina and South Carolina commissions approved settlements, with an effective date targeted for January 1, 2027.
Source: 10-Q Item 2 MD&A
The storm drove record winter peak demand across the Carolinas and led to higher storm costs in the current year, though preparation and restoration measures mitigated service disruptions.
Source: 10-Q Item 2 MD&A
Proposed EPA changes to coal ash and greenhouse gas rules could materially impact future remediation and generation investment costs, which Duke Energy is actively evaluating and pursuing cost recovery for.
Source: 10-Q Item 2 MD&A
Compiled by AI from 10-Q Item 2 of this filing · 2 high, 3 medium, 0 low
EPA's 2024 CCR Rule and subsequent proposed revisions could significantly expand required remediation at inactive impoundments and unregulated sources, resulting in material future expenditures. Duke Energy is pursuing cost recovery through state rate proceedings but final impacts remain uncertain.
Source: 10-Q Item 2 MD&A
Pending EPA rulemakings under the Clean Air Act could require substantial changes to the generation fleet, influencing the timing and magnitude of new investments. While legal challenges and repeal proposals are underway, compliance costs could be material if strict standards are enforced.
Source: 10-Q Item 2 MD&A
Tariffs, trade restrictions, and geopolitical developments may disrupt the availability or pricing of key materials and equipment necessary for grid modernization and capacity expansion, potentially delaying capital projects or increasing costs.
Source: 10-Q Item 2 MD&A
The estimated fair value of Duke Energy Ohio's gas utilities reporting unit is close to its carrying amount based on the most recent annual test. Adverse changes in economic conditions or cash flow projections could trigger impairment charges in future periods.
Source: 10-Q Item 2 MD&A
Unfavorable decisions in pending base rate cases, cost recovery mechanisms, or the proposed Carolinas utility combination settlement could adversely affect earnings and cash flows. Failure to achieve timely recovery of investments would pressure financial performance.
Source: 10-Q Item 2 MD&A
Answers draw on this SEC filing and the data on this page
Expected release date, analyst estimates & what to watch
Duke Energy delivered strong Q1 2026 earnings with net income rising 12.4% YoY to $1.55B and EPS of $1.97, driven by a 16.3% surge in operating income, though operating cash flow declined 30.5% and the current ratio remains below 1.0x, signaling near-term liquidity pressure.
Duke Energy (DUK) delivered solid FY2025 results with net income rising 9.8% to $4.97B and EPS of $6.31, driven by strong operating income growth of 8.8%, though the company carries a heavy long-term debt load of $87.2B and a current ratio well below 1.0.
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