Duke Energy reports fourth-quarter and full-year 2024 financial results

Rhea-AI Summary

Duke Energy (NYSE: DUK) has released its fourth-quarter and full-year 2024 financial results. The Fortune 150 company will host an investor presentation on February 13, 2025, at 10 a.m. ET to discuss the results and provide business updates.

The company serves 8.4 million electric utility customers across six states and 1.7 million natural gas customers across five states. Duke Energy owns 54,800 megawatts of energy capacity and is currently executing an energy transition strategy focused on grid upgrades and cleaner generation, including investments in natural gas, nuclear, renewables, and energy storage.

Positive

• Large customer base with 8.4M electric and 1.7M natural gas customers
• Substantial energy capacity of 54,800 megawatts
• Strategic investment in grid modernization and clean energy transition

Negative

• None.

News Market Reaction – DUK

-2.08%

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-2.08% News Effect

On the day this news was published, DUK declined 2.08%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

CHARLOTTE, N.C., Feb. 13, 2025 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its fourth-quarter and year-end 2024 financial results in a news release available on the company's website at the following link: duke-energy.com/investors.

Lynn Good, chair and chief executive officer, Harry Sideris, president, and Brian Savoy, executive vice president and chief financial officer, will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. ET today.

The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy's website or by dialing 833.470.1428 in the U.S. or 929.526.1599 outside the U.S. The confirmation code is 089851. Please call in 10 to 15 minutes prior to the scheduled start time.

A recording of the webcast will be available on the investors' section of the company's website on Feb. 14.

Duke Energy

Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. The company's electric utilities serve 8.4 million customers in North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky, and collectively own 54,800 megawatts of energy capacity. Its natural gas utilities serve 1.7 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky.

Duke Energy is executing an ambitious energy transition, keeping customer reliability and value at the forefront as it builds a smarter energy future. The company is investing in major electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables and energy storage.

More information is available at duke-energy.com and the Duke Energy News Center. Follow Duke Energy on X, LinkedIn, Instagram and Facebook, and visit illumination for stories about the people and innovations powering our energy transition.

Media Contact: Gillian Moore
24-Hour: 800.559.3853

Analysts Contact: Abby Motsinger
Office: 704.382.7624

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SOURCE Duke Energy

FAQ

What states does Duke Energy (DUK) serve with electric utilities?

Duke Energy serves electric utility customers in North Carolina, South Carolina, Florida, Indiana, Ohio, and Kentucky.

How many megawatts of energy capacity does Duke Energy (DUK) own?

Duke Energy owns 54,800 megawatts of energy capacity.

What is Duke Energy's (DUK) current energy transition strategy?

Duke Energy is investing in electric grid upgrades and cleaner generation, including natural gas, nuclear, renewables, and energy storage.

How many natural gas customers does Duke Energy (DUK) serve?

Duke Energy serves 1.7 million natural gas customers across North Carolina, South Carolina, Tennessee, Ohio, and Kentucky.