DUK · NYSE
Consensus is $1.93 EPS for Sep 2026 across 5 estimates, ranging $1.90 to $1.99.
No consensus figures are on file, so the quarter cannot be assessed against analyst expectations. Duke delivered adjusted EPS of $1.43, up from $1.25 in the prior-year quarter, with reported EPS of $1.38 versus $1.25. Electric Utilities and Infrastructure carried the result, adding $0.15 year over year as customer growth and infrastructure investment supported earnings. That benefit was partly reduced by higher depreciation from the expanding asset base and higher interest expense. Gas Utilities and Infrastructure was largely flat, as management expected in a shoulder quarter. Other contributed an additional $0.03, reflecting lower holding-company financing needs after the Tennessee and Florida transaction proceeds and higher market returns. Favorable weather also helped: a colder-than-normal first quarter was followed by a hot second quarter, supporting generation output. Management cautioned that some weather benefits may be reinvested in operating and maintenance work during the second half.
Management reaffirmed 2026 adjusted EPS guidance of $6.55 to $6.80 and its 5% to 7% EPS growth target through 2030. Duke expects to earn in the top half of that long-term range beginning in 2028, when secured economic-development projects and large loads should begin contributing and ramping. The company expects the remaining 15.4 gigawatts of its late-stage pipeline to convert to ESAs by the first half of 2027, with customers beginning to take energy as early as the second half of 2027 and into 2028. Management typically updates the growth outlook in the fourth quarter, or sooner if conditions change materially.
