Duke Energy Corp Stock Price, News & Analysis

Duke Energy (NYSE: DUK) will release its third-quarter 2024 financial results on Thursday, Nov. 7 at 7 a.m. ET via its website. An earnings conference call for analysts is scheduled for 10 a.m. ET the same day, hosted by key executives including Lynn Good, Harry Sideris, and Brian Savoy. The call can be accessed through the company's website or by phone.

Duke Energy, a Fortune 150 company, serves 8.4 million electric customers and 1.7 million natural gas customers across multiple states. The company is pursuing an ambitious clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050. This involves investments in grid upgrades and cleaner generation technologies.

Duke Energy Florida is intensifying preparations for Hurricane Milton, increasing its resource count from 10,000 to 16,000. The company is urging its 2 million customers across Florida to take appropriate safety measures before the storm's landfall. Todd Fountain, Duke Energy Florida storm director, warns that Milton's intensity is expected to be unprecedented for the Tampa Bay area.

The company is positioning 16,000 power line technicians, vegetation workers, damage assessors, and support personnel at strategic staging sites. These locations are set up along the outside of the hurricane's projected path, ready to begin safe power restoration as soon as conditions allow.

Duke Energy Florida is providing important safety tips for customers, including having an evacuation plan, locating nearby shelters, making arrangements for pets, and ensuring all electronic devices are fully charged. Customers are advised to report power outages via text, phone, online, or through the mobile app.

Duke Energy (NYSE: DUK) has declared a quarterly cash dividend of $1.045 per share on its common stock, payable on Dec. 16, 2024, to shareholders of record at the close of business on Nov. 15, 2024. The company also announced a quarterly cash dividend on its Series A preferred stock of $359.375 per share, equivalent to $0.359375 per depositary share, with the same payment and record dates.

Duke Energy has maintained a consistent cash dividend on its common stock for 98 consecutive years. The company serves 8.4 million electric customers and 1.7 million natural gas customers across several states. Duke Energy is committed to a clean energy transition, aiming for net-zero methane emissions from its natural gas business by 2030 and net-zero carbon emissions from electricity generation by 2050.

Duke Energy Florida is preparing for Hurricane Milton, expected to cause over 1 million power outages. The company is mobilizing approximately 10,000 responders to handle the aftermath of the Category 4 hurricane. Storm surge, strong winds, and heavy rainfall are anticipated to cause widespread equipment damage and extended outages.

Duke Energy is deploying crews from its Midwest operations and setting up staging locations outside Milton's projected path. The company urges customers to prepare for extended power outages and follow safety guidelines, especially regarding flooding and electrical safety. Customers are encouraged to update their contact information and use various methods to report outages, including the Duke Energy mobile app and website.

Duke Energy Florida (NYSE: DUK) is urging customers to prepare for extended outages and widespread damage due to Tropical Storm Milton, which is expected to strengthen into a major hurricane. The company's meteorologists are closely monitoring the storm, which poses a significant threat to Florida's west coast. Duke Energy is mobilizing crews from across the country to assist with power restoration efforts.

The company advises customers to:

• Create or update an emergency supply kit
• Keep a portable radio or TV for weather updates
• Charge electronic devices
• Plan for potential evacuation

Customers can report outages through the Duke Energy website, mobile app, text message, or phone. The company emphasizes the importance of safety and staying informed through emergency management updates.

Duke Energy has restored power to 90% of Carolinas customers capable of receiving power following Hurricane Helene. As of 4 p.m. ET, fewer than 105,000 customers in South Carolina and approximately 141,000 customers in North Carolina remain without power. The company expects to complete most restorations by the end of the weekend, but warns it could take days for all customers in the hardest-hit areas.

Duke Energy's restoration strategy has focused on repairing the backbone of its system first, likened to interstate highways of the power grid. The company is now shifting to restore thousands of miles of lines serving individual homes and businesses. Jason Hollifield, Duke Energy storm director, noted the unprecedented scale and severity of damage, requiring an unprecedented amount of equipment, people, and time to restore service.

Duke Energy Florida has completed restoration efforts for all customers in Pinellas County's barrier islands capable of receiving power after Hurricane Helene, meeting and often exceeding estimated restoration times. The company has restored approximately 800,000 storm-related power outages across Florida. Duke Energy Florida is mobilizing customer care units to provide on-site assistance and will continue offering resources and support for the long recovery process.

The company reminds customers to be vigilant against scams and fraud, emphasizing that they will never threaten immediate disconnection or demand payment information over the phone. Duke Energy Florida is also closely monitoring Tropical Storm Milton, which is expected to strengthen, and crews are prepared to respond to any potential impacts.

Duke Energy Florida is nearing complete restoration of power outages caused by Hurricane Helene in Pinellas County's barrier islands. The company is on track to meet or exceed estimated restoration times, with most areas expected to be restored by 11:59 p.m. on Friday, Oct. 4, and some by 11:59 p.m. on Saturday, Oct. 5. Several communities are already at or near 100% restoration.

Restoration progress varies across different municipalities, with percentages ranging from 79% to 100% complete. Duke Energy has also mobilized customer care units to provide on-site assistance. The company serves 2 million customers across a 13,000-square-mile service area in Florida and is part of Duke Energy, a Fortune 150 company executing an ambitious clean energy transition.

Duke Energy (NYSE: DUK) continues to rebuild power infrastructure following Hurricane Helene. As of October 4, 2024, more than 2.16 million customers have been restored in the Carolinas, with approximately 85,000 restored since 4 p.m. the previous day. However, 334,000 customers remain without service in Upstate South Carolina and the mountains of North Carolina.

The company is using drones and helicopters to inspect for additional damage and locate equipment in hard-to-reach communities. Some customers may be unable to receive power due to loss or destruction of their homes or businesses. Duke Energy is prioritizing restoration of schools, medical facilities, and water and sewer facilities, as well as customers with special medical needs.

In North Carolina, the focus is on rebuilding the backbone of electrical infrastructure damaged by high winds and flooding. The company expects to restore nearly all customers in upstate South Carolina by Sunday, but restoration may be extended in areas with catastrophic damage.