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DUKE ENERGY CORPORATION

(DUK)
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Duke Energy Beats 1Q Adjusted Profit Expectations

05/10/2021 | 08:43am EDT

By Micah Maidenberg

Duke Energy Corp. reported a higher profit for the first quarter, though revenue was a bit under what analysts had predicted for the company.

The utility on Monday said it earned $992 million in net income for the quarter, up from $938 million for the same period last year.

Profit tied to common shares ticked up to $1.25 from $1.24. The company's adjusted profit was a penny higher for the latest period, or $1.26 a share.

Total revenue increased to $6.15 billion from $5.95 billion.

Analysts expected Duke to report an adjusted profit of $1.21 a share on $6.19 billion in revenue.

The company said its electric utility and infrastructure division was helped along by higher rates and favorable comparisons year over year due to weather issues.

The gas utilities and infrastructure unit "benefited from customer growth, rate case contributions and rider programs," Duke said.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

05-10-21 0727ET

Stocks mentioned in the article
ChangeLast1st jan.
DJ INDUSTRIAL -0.25% 34393.75 Delayed Quote.12.65%
DUKE ENERGY CORPORATION 0.59% 102.53 Delayed Quote.11.33%
WTI 0.07% 71.08 Delayed Quote.45.60%
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Financials (USD)
Sales 2021 25 859 M - -
Net income 2021 3 951 M - -
Net Debt 2021 65 010 M - -
P/E ratio 2021 19,8x
Yield 2021 3,84%
Capitalization 78 868 M 78 868 M -
EV / Sales 2021 5,56x
EV / Sales 2022 5,53x
Nbr of Employees 27 535
Free-Float 95,0%
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Technical analysis trends DUKE ENERGY CORPORATION
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Income Statement Evolution
Consensus
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Mean consensus HOLD
Number of Analysts 18
Average target price 105,13 $
Last Close Price 102,53 $
Spread / Highest target 9,24%
Spread / Average Target 2,53%
Spread / Lowest Target -6,37%
EPS Revisions
Managers and Directors
NameTitle
Lynn J. Good Chairman, President & Chief Executive Officer
Steven K. Young Chief Financial Officer & Executive Vice President
Bonnie Titone Chief Information Officer
Dhiaa M. Jamil Chief Operating Officer & Executive Vice President
Melissa Feldmeier Chief Ethics & Compliance Officer, Vice President
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