Duke Energy Enters the Back Half of the Decade with Strength, Solidifies Position as Industry Leader
Duke Energy has wrapped up 2024 with a year of great accomplishment, marked by its response to historic storms such as Hurricanes Helene and Milton. The company's adjusted earnings per share (EPS) for the year came in at $5.90, within its guidance range.
The company's leadership team is looking ahead to 2025 with confidence, having announced an updated EPS range of $6.17 to $6.42 with a midpoint of $6.30. This represents earnings-based growth of 7.7% driven by a robust capital plan of $83 billion, which will be invested in infrastructure spending across growing jurisdictions.
"We're excited about the future," said Lynn Good, Chair and CEO of Duke Energy. "We're committed to delivering strong earnings growth and cash flows for our investors and superior service to our customers and communities."
In addition to its financial achievements, Duke Energy has continued to advance its generation and transmission capabilities through integrated resource plans and CPCN approvals. The company has also continued to invest in solar energy, with 1,500 megawatts now in service in Florida.
The Piedmont Natural Gas team earned the J.D. Power #1 customer satisfaction ranking for natural gas service in the Southeast for the third consecutive year, demonstrating Duke Energy's commitment to providing superior service to its customers.
"I'd like to acknowledge our key achievements in '24," said Good. "We've continued our track record of regulatory execution with the approval of $45 billion of rate base investments."
Looking ahead to 2025, Harry Sideris, President and incoming CEO, expressed his enthusiasm for the opportunities ahead. "I'm deeply honored by the confidence the Board has placed in me," he said. "We're passionate about our mission to power the lives of our customers and the vitality of our communities."
Duke Energy's leadership team is well-positioned to execute its business strategy, with a strong focus on delivering earnings growth, cash flows for investors, and superior service to customers.
