Duke Energy delivers on revenue, falls short on earnings in Q1 Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Media contact: Jennifer Garber By providing your email address below, you are providing consent to Duke Energy Corporation to send you the requested Investor Email Alert updates. View current power outages in your area, estimated times of restoration or report an outage from the Duke Energy outage map. Revenue: US$7.97b (up 15% from 3Q 2021). The conference call will be hosted by Lynn Good, chair, president and chief executive officer, and Brian Savoy, executive vice president and chief financial officer. and utilize powerful benchmarking tools to help you make better investment decisions. . 12/31/2022 12/31/2021 12/31/2020 12/31/2019 Total Revenue 28,768,000 28,768,000 25,097,000 23,868,000 25,079,000 Cost of Revenue 15,792,000 15,792,000 13,002,000 12,299,000 13,519,000 Gross. CHARLOTTE, N.C. Duke Energy (NYSE: DUK) has posted its second-quarter 2022 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. What are the risks and opportunities for Duke Energy? While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. We aim to bring you long-term focused analysis driven by fundamental data. CHARLOTTE, N.C., Nov. 4, 2022 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its third-quarter 2022 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. Revenue for Duke Energy (DUK) Revenue in 2023 (TTM): $28.91 B According to Duke Energy's latest financial reports the company's current revenue (TTM) is $28.91 B.In 2022 the company made a revenue of $28.76 B an increase over the years 2021 revenue that were of $25.09 B.The revenue is the total amount of income that a company generates by the sale of goods or services. Duke Energy Annual Revenue $29B Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. Duke Energy Earnings Date and Forecast 2023 (NYSE:DUK) - MarketBeat Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. , including Columbia Gas Transmission, in 2016. includes 11,500 miles of pipeline spread over 10 states from New York in the north to just south of the Virginia-North Carolina border and east into Ohio and Kentucky. Duke Energy (DUK) delivered earnings and revenue surprises of 4.72% and 11.24%, respectively, for the quarter ended December 2022. Please call in 10 to 15 minutes prior to the scheduled start time. Follow Virginia Mercury on Facebook and Twitter. Outage Map - Duke Energy Please select your location. Whether driven by Reddit users or tactical traders, volatile short squeeze stocks can generate huge returns. Electric power transmission pylon miniatures and Duke Energy logo are seen in this illustration taken, December 9, 2022. Until 2015, both Columbia Gas of Virginia and Columbia Gas Transmission were part of Indiana-based utility company NiSource. Available: https://www.statista.com/statistics/193411/revenue-of-us-utility-duke-energy-since-2006/, Operating revenue of Duke Energy from FY 2006 to FY 2022, Immediate access to statistics, forecasts & reports, Global outlook on electricity generation 2020-2050, by energy source, Global electricity import value 2020, by country, Electricity providers in the U.S. 2021, by type, Net power production in the U.S. 1950-2022, Electricity generation in the U.S. 1990-2022, by fuel, Electricity generation by electric utilities in the U.S. 2004-2022, U.S. electricity generating capacity addition share 2010-2022, by technology, Retail sales of electricity in the U.S. 1980-2022, Household electricity retail sales in the U.S. 1999-2022, Electricity exports from the U.S. 2000-2021, Electricity imports to the U.S. 2000-2021, Electricity retail prices in the U.S. 1990-2022, Electricity retail price in the U.S. 1998-2022, by sector, Residential electricity price growth in the U.S. 2000-2023, U.S. residential retail price of electricity 2022, by state, Electricity sales revenue in the U.S. 1970-2021, Utility sector's value added in the U.S. 2000-2021, Free cash flow for shareholder-owned utilities in the U.S. 2002-2021, Change in long-term debt of shareholder-owned power utilities in the U.S. 2002-2021, Property, plant & equipment value of U.S. electric utilities 2010-2021, Largest electric utilities in the U.S. 2021, by number of customers, Dominion Energy's operating revenue 2011-2022, Southern Company's operating revenue 2011-2022, Southern California Edison's revenue FY 2013-2022, Duke Energy and Progress Energy: generating capacity as of June 2012, Duke Energy's water consumption intensity 2011-2016, Duke Energy's Scope 1 emissions from electricity generation 2005-2021, Duke Energy and Progress Energy: key figures as of June 2012, RWE - electricity customers in Germany 2012 to 2015, RWE - electricity customers in the Netherlands 2012 to 2015, RWE - electricity customers in the United Kingdom (UK) 2012 to 2015, RWE - electricity customers in Europe from 2012 to 2015, Average retail electricity price in Indiana by sector 1998-2015, Average retail electricity price in Michigan by sector 1998-2015, Global corporate investment for off-grid energy access companies 2010-2018, Smart community market share Japan FY 2020, by segment, Operating revenue of Duke Energy from FY 2006 to FY 2022 (in billion U.S. dollars), Find your information in our database containing over 20,000 reports. Duke Energy to Sell Commercial Renewables Business for $364 Million - ADVFN Leverage your fund or stock analysis with YCharts extensive library of over 4,000 CHARLOTTE, N.C., Nov. 4, 2022 /PRNewswire/ -- Duke Energy (NYSE: DUK) has posted its third-quarter 2022 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. All rights reserved. . Duke Energy reports fourth-quarter and full-year 2022 financial results Date Value; December 31, 2022: 28.77B . 2022, Christmas Eve, Duke Energy implemented rolling blackouts for the first time in their history, due to unprecedented energy demand. Risk elements have shifted in the past few months, but the stock market still faces some serious challenges. Duke Energy (DUK) - Revenue - CompaniesMarketCap.com You only have access to basic statistics. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. These picks offer affordable, transparent exposure to growth stocks. Much of the support for Dominion Energy and Duke Energy's now-canceled Atlantic Coast Pipeline was linked to arguments that limited natural gas supply in the Hampton Roads region has constrained economic growth there. The company has steadily been increasing capacity in Virginia for the past decade through projects such as, Atlantic Coast was designed to transport more than 1.4 billion cubic feet of gas to parts of Virginia and North Carolina. The company says it will have adjusted earnings per share in the range of $5.30 to $5.60 per share, improving on the results in 2021. Ahead of this earnings release, the estimate revisions trend for Duke Energy: mixed. Duke Energy delivers on revenue, falls short on earnings in Q1 - Triad ET that day to discuss the fourth-quarter and year-end 2022 financial results and other business and financial updates. The current consensus EPS estimate is $1.38 on $7.56 billion in revenues for the coming quarter and $5.63 on $29.37 billion in revenues for the current fiscal year. 2022 Annual Report - Duke Energy Refine your investment strategies using these comparisons, To read this article on Zacks.com click here. More information is available atduke-energy.com. Profit margin: 17% (down from 20% in 3Q 2021). The company employs 28,000 people. Duke Energy's revenue 2022 | Statista For the quarter, Duke reported net income of $818 million, or $1.08, on revenue totaling $7.1 billion. The call can be accessed via the investors' section (duke-energy.com/investors) of Duke Energy's website or by dialing 833-927-1758 in the U.S. or 929-526-1599 outside the U.S. A July 2017 FERC review of alternatives stated that while three pipeline systems including Columbia Gas Transmissions existed in the region, they did not have the available capacity to transport the required volumes of natural gas to the delivery points proposed or the necessary infrastructure to transport gas to the required delivery points., by Sarah Vogelsong, Virginia Mercury December 3, 2021. Earnings per share (EPS) missed analyst estimates by 1.5%. Duke Energy annual revenue for 2022 was $28.768B, a 16.84% increase from 2021. Columbia Gas Transmissions broader footprint includes 11,500 miles of pipeline spread over 10 states from New York in the north to just south of the Virginia-North Carolina border and east into Ohio and Kentucky. Law School. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include product or services discounts, promotions, as well as early payments on invoices or services rendered in advance. This new natural gas capacity will help VNG address the regions need for reliable and resilient energy to meet this organic growth in energy demand as well as support new economic development opportunities in southeast Virginia.. Quickly. The company has steadily been increasing capacity in Virginia for the past decade through projects such as WB XPress and the Central Virginia Connector. Good Chair, President and CEO 2022 Annual Report 2022 was a remarkable year in many respects. Over 1,100 miles of that system crosses Virginia. Sarah is Editor-in-Chief of the Mercury and previously its environment and energy reporter. or stock's data points. Duke provided its guidance for 2022 earnings. 24-Hour: 800.559.3853, Analysts Contact: Abby Motsinger Duke Energy (DUK) came out with quarterly earnings of $1.11 per share, beating the Zacks Consensus Estimate of $1.06 per share. Uncover a new level of understanding with YCharts' wide-ranging financial data. Duke Energy - statistics & facts | Statista CHARLOTTE, N.C. - Duke Energy will post its fourth-quarter and year-end 2022 financial results at 7 a.m. In, Duke Energy. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Duke Energy ( NYSE:DUK) Third Quarter 2022 Results. U.S. News' 10 best stocks to buy for 2023 list is up 15.3% in the first half of the year. The company's share price is broadly unchanged from a week ago. TransCanada Corporation, later named TC Energy, acquired those assets, including Columbia Gas Transmission, in 2016. The companys plans have already racked up several state and local endorsements, including one from Sen. Louise Lucas, D-Portsmouth. Jul 05, 16:00. This vertical contributed 85% of the total revenue generated in Q1 2023. Indiana. Resist the temptation to drive around looking at storm damage. Contact Editor Sarah Vogelsong for questions: info@virginiamercury.com. This power company is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of -175%. Duke Energy requests rate increase due to market volatility Duke Law School 210 Science Dr, Duke Box 90362, Durham, NC 27708. Duke Energy outlines progress on clean energy transition (Reporting by Tanay Dhumal in Bengaluru; Editing by Shilpi Majumdar). Trading in extended hours can be a wild ride for novice investors. Duke Energy Future Growth - Simply Wall St Duke Energy is executing an aggressive clean energy transition to achieve its goals of net-zero methane emissions from its natural gas business and at least a 50% carbon reduction from electric generation by 2030 and net-zero carbon emissions by 2050. These are five of the most promising stocks to buy for the second half of 2023. Nonpartisan. These high-performing stocks are leading this year's market rebound. To opt-in for investor email alerts, please enter your email address in the field below and select at least one alert option. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Duke Energy. Its natural gas unit serves 1.6 million customers in North Carolina, South Carolina, Tennessee, Ohio and Kentucky. In addition, the company is investing in major electric grid enhancements and energy storage, and exploring zero-emission power generation technologies such as hydrogen and advanced nuclear. Financial News. All figures shown in the chart above are for the trailing 12 month (TTM) period, Duke Energy Revenues Beat Expectations, EPS Falls Short. Duke Energy last announced its earnings data on May 9th, 2023. EPS: US$1.77 (down from US$1.79 in 3Q 2021). Business Solutions including all features. Net income: US$1.36b (down 1.2% from 3Q 2021). See how we're building a smarter, cleaner, more reliable energy future. Four key takeaways from Duke Energy's Q2 earnings - Charlotte Business This July 4, these top "American-made" ETFs look positioned to stand out from the rank and file in 2023. Significant transactions reflected in the results include: 2012 costs to achieve the merger with Progress Energy. [Online]. Duke Energy's net income amounted to approximately 2.5 billion U.S. dollars in financial year 2022. Pinnacle West (PNW), another stock in the same industry, has yet to report results for the quarter ended December 2022. Historical state electricity prices - Ballotpedia Expertise. Duke Energy Revenue is currently at 24.68 B. Get in touch with us directly. The confirmation code is 2999899. The reality is that the area is experiencing significant economic growth that requires increased natural gas supply, and this project will help meet the needs of the community and our customers.. Upgrade now. Duke Energy'silluminationfeatures stories about people, innovations, community topics and environmental issues. Investors in a higher income tax bracket can reap significant savings with these municipal bond funds. Announced in September, that project proposes to upgrade three compressor and meter stations on the companys pipeline north of Petersburg, including the replacement of gas-powered units at the Goochland station with zero-emission electric ones fueled by renewable power. Chart. Together, the Virginia Reliability and Virginia Electrification Projects are expected to bring an additional 135 million cubic feet per day of natural gas capacity to central and southern Virginia. Duke Energy was named to Fortune's 2022 "World's Most Admired Companies" list and Forbes' "World's Best Employers" list. Duke Energy Foundation In terms of the Zacks Industry Rank, Utility - Electric Power is currently in the top 42% of the 250 plus Zacks industries. Duke Energy Corporation. The North Carolina-based. This suggests a possible upside of 14.4% from the stock's current price. Duke Energy annual revenue for 2020 was $23.366B, a 6.83% decline from 2019. The community has outlined the need for the replacement of an existing line built in the 1950s in order to bring greater natural gas reliability to the region, said Alex Stroman, manager of state government and community relations with TC Energy, the parent company of Columbia Gas Transmission. entities, such as banks, credit card issuers or travel companies. The consensus EPS estimate for the quarter has been revised 54.6% lower over the last 30 days to the current level. The content Track the evolution of an ETF, mutual fund, or stock over time, The ability to find closely correlated positions to Duke Energy could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Duke Energy when you sell it. February 27, 2023. Get suggestions outside of your existing asset allocation including your own model portfolios, Get a quick overview of global market snapshot using zoomable world map. Florida. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. This article does not receive scheduled updates. The 2050 net-zero goals also include Scope 2 and certain Scope 3 emissions. ET on Thursday, Feb. 9 on the company's website at duke-energy.com/investors. Submitted. Revenue exceeded analyst estimates by 6.9%. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Duke And Xcel Energy: 2 Safe And Cheap High-Yielders In Times Of Mayhem Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. At Duke Energy Corporation, we promise to treat your data with respect and will not share your information with any third party. Ballotpedia features 409,965 encyclopedic articles written and curated by our professional staff of editors, writers, and researchers. Policy: Caitlin Styrsky Molly Byrne Jimmy McAllister Samuel Postell Profit from the additional features of your individual account. Both the Virginia Reliability and Virginia Electrification projects must be approved by FERC, which has oversight of interstate pipelines. Power Outage Information - Duke Energy The business includes operating assets of REC Solar, which Duke had acquired in 2015, development pipeline and operations and maintenance portfolio, as well as distributed fuel cell projects managed by Bloom Energy. Pinnacle West's revenues are expected to be $841.12 million, up 5.3% from the year-ago quarter. For the first half of 2022, Duke reported net income of $1.71 billion, or $2.22 per share, on revenue totaling $13.82 billion. Research: Josh Altic Vojsava Ramaj Duke Energy was named to Fortunes 2022 Worlds Most Admired Companies list and Forbes Americas Best Employers list. Duke Energy Revenue 2010-2023 | DUK | MacroTrends Duke Energy (NYSE: DUK), a Fortune 150 company headquartered in Charlotte, N.C., is one of America's largest energy holding companies. Although renewable energy is making inroads, the global economy still relies on petroleum products. Leverage over 4,000 data points, The company employs 28,000 people. Duke's peers such as FirstEnergy and NiSource have also sold stakes in their subsidiaries this year as they seek to invest in cleaner sources of energy. Unveil comprehensive insights, journey through historical changes, Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. Learn more about how Statista can support your business. Explore Get quick analyses with our professional research service. Click on a state below to read more about that state's energy policy. Nonprofit. Duke Energy's operating revenue amounted to approximately 29 billion U.S. dollars in fiscal year 2022, the highest figure recorded in the indicated period. The best way to address AI's potential systemic risk? Subscribe to our daily newsletter to get investing advice, rankings and stock market news. The ideal entry-level account for individual users. Virginia Natural Gas spokesperson Rick DelaHaya said in an email that the utilitys existing systems in the region are already fully subscribed and operating at their capacity., Since the last significant capacity investment in Hampton Roads 30 years ago, Virginia Natural Gas has seen more than 73 percent growth in the number of customers, he said. Electric power transmission pylon miniatures and Duke Energy logo are seen in this illustration taken, December 9, 2022. The table below presents historical information about average residential electricity prices, broken down by year and state. Duke Energy | DUK Stock Price, Company Overview & News - Forbes The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Much of the support for Dominion Energy and Duke Energys now-canceled Atlantic Coast Pipeline was linked to arguments that limited natural gas supply in the Hampton Roads region has constrained economic growth there. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. Duke Energysilluminationfeatures stories about people, innovations, community topics and environmental issues. on average during the next 3 years, compared to a 4.6% growth forecast for the Electric Utilities industry in the US. Otherwise, we render a sell signal. If you are an admin, please authenticate by logging in again. That compares with earnings of $953 million, or $1.25 per share, a year ago when revenue . Duke Energy NYSE: DUK Charlotte, North Carolina $90.72 +0.98 (+1.09%) Share Price as of July 3 4:00:00 PM EST About Duke Energy Duke Energy Corp. engages in distribution of natural gas. Duke Energy Corporation (DUK) Income Statement - Yahoo Finance Click here to contact our editorial staff, and click here to report an error. View, predict the probability of Duke Energy's future price movements, State Farm Mutual Automobile Insurance Co. zelenak@law.duke.edu. Operating revenue of Duke Energy from FY 2006 to FY 2022 (in billion U.S. dollars) Basic Statistic Duke Energy's net income FY 2008-2022 Duke Energy's net income FY 2008-2022 A recording of the webcast will be available on the investors' section of the company's website on Nov. 4. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. Pamela B. Gann Distinguished Professor of Law. Silver is having its moment with a wide range of industrial applications. REUTERS/Dado Ruvic/Illustration, Best Parent Student Loans: Parent PLUS and Private. . Based on the latest financial disclosure, Duke Energy reported 28.77.
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