EarningsQ2 2026 Earnings Report
MX:DUK Q2 2026 EPS Results
Actual EPS$26.16
Consensus EPS$23.87
Beat/MissBeat by +$2.29
One Year Ago EPS$22.87
MX:DUK Q2 2026 Revenue Results
Actual Revenue$138.89B
Expected Revenue$140.12B
Beat/MissMissed by -$1.22B
YoY Revenue Growth+1.12%
Earnings Announcement Details
QuarterQ2 2026
Date08/04/2026
TimeBefore Open
Conference CallTuesday, August 4, 2026
MX:DUK Upcoming Earnings
Duke Energy's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:DUK Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong operational execution, meaningful year-over-year EPS growth (~14.4% adjusted YoY), large late-stage load pipeline and aggressive capital deployment, supported by constructive regulatory progress (DEC settlement) and solid balance-sheet targets (14.5% FFO/debt). Key risks noted include higher depreciation and interest expense offsets, ongoing negotiations and timing risk to convert the pipeline to binding contracts, regulatory and political scrutiny in Indiana, and unresolved decisions/timing around new nuclear and certain asset dispositions. On balance, the positives — clear growth trajectory, reaffirmed guidance, large contracted and late-stage pipeline, and financial discipline — materially outweigh the execution and timing risks discussed.Company Guidance
Strong Quarterly Earnings and Year-over-Year EPS Growth
Adjusted EPS of $1.43 in Q2 2026 (reported EPS $1.38) versus $1.25 in prior-year quarter — adjusted EPS up ~14.4% YoY and reported EPS up ~10.4% YoY. Company remains on track to achieve full-year 2026 guidance of $6.55–$6.80.
Reaffirmed Long-Term Growth Outlook
Reaffirmed 5%–7% EPS CAGR through 2030 with confidence to deliver in the top half of the range beginning in 2028 (management expects accelerated growth as large loads ramp).
Regulatory Progress and Constructive Rate Settlement
Reached comprehensive DEC rate-case settlement featuring a 9.8% allowed ROE, 53% equity ratio, continuation of multiyear rate plan, and an earnings-sharing mechanism allowing 50 bps above the allowed ROE (up to 10.3%). Company expects orders on DEC/DEP cases by mid-November if approved.
Large-Scale Capital Deployment and Generation Build
Continuing the industry's largest regulated capital plan at more than $1 billion deployed per month (~$12B+/yr), and now on track to add 15 GW of capacity by 2031. Gas portfolio: ~5 GW under construction plus ~2.5 GW advancing through development.
Late-Stage Load Pipeline and ESAs
Secured 7.8 GW of electric service agreements (ESAs) with data center customers; management expects remainder of ~15–15.4 GW late-stage pipeline to convert to ESAs by H1 2027. Company noted potential $5B–$10B upside to the current 5-year capital plan tied to additional customer contracts.
Economic Development Wins and Customer Commitments
Secured $5 billion of economic development investment in H1 2026 supporting over 9,000 jobs. Introduced 'Customer Protection Plus' commitment to protect existing customers and ensure large loads pay cost of service.
Balance Sheet and Investor Returns
On track to achieve 14.5% FFO-to-debt target for the year, longer-term target of 15%. Priced $600 million under ATM year-to-date (settling end of 2027) and increased quarterly dividend by 2% in July — marking 20+ consecutive years of annual dividend increases.
Operational Execution and Cost Management
Electric Utilities and Infrastructure contributed +$0.15 to EPS driven by customer growth and infrastructure investments. Company ranked third among peers for non-generation O&M per customer in 2025 and highlighted programs to capture construction and supply-chain efficiencies (e.g., standardized sites, EPC frameworks).
Tax Credit and Financing Initiatives
Accelerated flowback of tax credits for a Florida battery project to recognize tax credits in one year (reducing customer base-rate impact in 2027). Submitted DOE loan applications that could represent 'billions' in customer savings through reduced interest costs.
MX:DUK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed