Duke Energy Q2 adjusted EPS beats on infrastructure investment recovery
DUK•Outlook reaffirmed
Duke Energy reaffirmed 2026 adjusted EPS guidance of $6.55 to $6.80.
The company maintained its long-term adjusted EPS growth rate of 5% to 7% through 2030 and said it expects to earn in the top half of the guidance range starting in 2028.
Analyst coverage and valuation
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 11 "hold" and 1 "sell" or "strong sell".
The average consensus recommendation for the electric utilities peer group is "buy".
Wall Street's median 12-month price target for Duke Energy Corp is $138.00, about 11% above its August 3 closing price of $124.28.
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 19 three months ago.
Q2 adjusted EPS beats expectations
Duke Energy said U.S. electric and gas utility's second-quarter adjusted EPS rose year over year, beating analyst expectations.
| Metric | Beat/Miss | Actual | Consensus Estimate |
|---|---|---|---|
| Q2 Adjusted EPS | Beat | $1.43 | $1.30 (18 Analysts) |
| Q2 EPS | $1.38 |
Results driven by infrastructure investment recovery
The company said higher adjusted results were primarily driven by recovery of infrastructure investments to reliably serve customers in growing jurisdictions.
