NYSE$DUK

Duke Energy Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Duke Energy reported a strong start to the year, driven by growth at Electric Utilities and Infrastructure.

Duke Energy announced first-quarter 2024 reported and adjusted EPS of $1.44, compared to reported EPS of $1.01 and adjusted EPS of $1.20 for the first quarter of 2023. Higher first-quarter 2024 adjusted results were driven by improved weather and favorable rate case impacts along with growth from riders and other retail margin, partially offset by higher interest expense. The company is reaffirming its 2024 adjusted EPS guidance range of $5.85 to $6.10.

  • First-quarter 2024 reported and adjusted EPS of $1.44
  • Strong start to the year, driven by growth at Electric Utilities and Infrastructure
  • Company continues to advance generation transition with an "all of the above" strategy to serve significant demand growth
  • Reaffirming 2024 adjusted EPS guidance range of $5.85 to $6.10

Headline financials

Total Revenue

$7.53B

Previous: $7.1B+6.1%
EPS

$1.44

Previous: $1.20+20.0%
Capital Expenditures

-$3.21B

Previous: -$3.15B-2.0%
Free Cash Flow

-$2.07B

Previous: -$2.34B+11.6%
Net Income

$1.14B

Previous: $804M+41.5%
Operating Income

$1.96B

Previous: $1.67B+17.3%
Gross Profit

-$1.39B

Previous: -$1.23B-13.0%
Cash & Equivalents

$459M

Previous: $409M+12.2%
Total Assets

$179B

Previous: $179B-0.1%

Revenue & EPS history

Duke Energy · Revenue · Quarterly

$7.53B

Q1 2024+6.1%vs Q1 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Forward guidance

The company is reaffirming its 2024 adjusted EPS guidance range of $5.85 to $6.10, and long-term adjusted EPS growth rate of 5% to 7% through 2028 off the 2024 midpoint of $5.98.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2024

Historical avgQ1 2024

-0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-0.6%

Avg return

30 days after

56%

41 / 73 earnings

Positive

+3.5%

Q2 2023

Best reaction

-5.8%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-2.6%-4.9%
Q4 2025+1.6%+5.3%+8.3%
Q3 2025-0.3%-0.1%-6.0%
Q2 2025-0.1%+0.9%-2.7%
Q1 2025+1.8%-0.3%-4.1%
Q4 2024-2.1%-4.7%+3.2%
Q3 2024-0.4%-1.5%-1.3%
Q2 2024+2.3%+1.5%+5.3%
Q1 2024+2.0%+2.2%+2.4%
Q4 2023-4.0%-4.1%-0.6%
Q3 2023+0.8%-0.3%+3.5%
Q2 2023+3.5%+4.6%-0.3%
Q1 2023+0.2%-1.5%-7.0%
Q4 2022-0.1%+0.3%-6.4%
Q3 2022-1.1%+0.2%+6.8%
Q2 2022-1.5%-0.9%-3.4%
Q1 2022-2.2%-1.8%-0.7%
Q4 2021-4.7%-5.2%+1.4%
Q3 2021-0.8%-0.6%-2.6%
Q2 2021+0.2%+0.2%-1.0%
Q1 2021+2.7%+2.2%+0.5%
Q4 2020-4.1%-5.7%-2.5%
Q3 2020-0.1%+3.8%-2.6%
Q2 2020-3.4%-5.1%-4.6%
Q1 2020+0.3%-0.6%+6.6%
Q4 2019+3.4%+4.2%-12.4%
Q3 2019-5.4%-4.4%-3.0%
Q2 2019+2.2%+3.2%+7.4%
Q1 2019+0.2%-0.9%-0.9%
Q4 2018-2.3%-1.8%+1.2%
Q3 2018+2.4%+3.7%+8.5%
Q2 2018+0.6%-0.2%+0.2%
Q1 2018+0.3%-0.9%-5.8%
Q4 2017-1.8%+0.7%-0.7%
Q3 2017-0.8%+0.8%+0.2%
Q2 2017+0.9%+1.0%+1.6%
Q1 2017-0.5%+0.7%+3.0%
Q4 2016+2.1%+0.4%+2.1%
Q3 2016+1.5%-0.8%-5.8%
Q2 2016-1.1%-0.5%-5.8%
Q1 2016+1.4%
Q4 2015-1.3%
Q3 2015-5.8%
Q2 2015+1.6%
Q1 2015+0.5%
Q4 2014-0.3%
Q3 2014-1.3%
Q2 2014+2.7%
Q1 2014-0.3%
Q4 2013+0.1%
Q3 2013+0.6%
Q2 2013+0.2%
Q1 2013-2.5%
Q4 2012-2.2%
Q3 2012-1.6%
Q2 2012+1.6%
Q1 2012+0.2%
Q4 2011-0.7%
Q3 2011-1.4%
Q2 2011-1.4%
Q1 2011+1.4%
Q3 2008+1.0%
Q4 2010+1.0%
Q3 2010-0.5%
Q1 2009+0.9%
Q2 2010+0.9%
Q1 2010+0.1%
Q4 2009+0.7%
Q4 2007+0.7%
Q3 2009+1.6%
Q4 2008+0.5%
Q2 2009+0.5%
Q2 2008+0.5%

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