Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Duke Energy Corporation Add to portfolio

INX:DUK, Nov 21, 04:25 UTC

Latest INX:DUK News

Filter your feed

Apply Filter

Monday, November 18


News

Duke Energy announces pricing of common stock offering with a forward component

DUK

J.P. Morgan, Goldman Sachs & Co. LLC, Barclays, Credit Suisse, BofA Securities, Citigroup, Morgan Stanley and Wells Fargo Securities are acting as joint book-running managers of the offering. The underwriters may offer shares of Duke Energy's common stock in transactions on the New York Stock Exchange, in the over-the-counter market or through negotiated transactions at either market prices or at negotiated prices. In connection with the offering, Duke Energy entered into a forward sale agreement with an affiliate of J.P. Morgan ("forward counterparty") under which Duke Energy agreed to issue and sell to the forward counterparty (subject to Duke Energy's right to cash settle or net share settle the forward sale agreement) 25 million shares of its common stock. These factors include, but are not limited to: state, federal and foreign legislative and regulatory initiatives, including costs of compliance with existing and future environmental requirements, including those related to climate change, as well as rulings that affect cost and investment recovery or have an impact on rate structures or market prices; the extent and timing of costs and liabilities to comply with federal and state laws, regulations, and legal requirements related to coal ash remediation, including amounts for required closure of certain ash impoundments, are uncertain and difficult to estimate; the ability to recover eligible costs, including amounts associated with coal ash impoundment retirement obligations and costs related to significant weather events, and to earn an adequate return on investment through rate case proceedings and the regulatory process; the costs of decommissioning Crystal River Unit 3 and other nuclear facilities could prove to be more extensive than amounts estimated and all costs may not be fully recoverable through the regulatory process; the risk that the credit ratings of Duke Energy or its subsidiaries may be different from what the companies expect; costs and effects of legal and administrative proceedings, settlements, investigations and claims; industrial, commercial and residential growth or decline in service territories or customer bases resulting from sustained downturns of the economy and the economic health of Duke Energy service territories or variations in customer usage patterns, including energy efficiency efforts and use of alternative energy sources, including self-generation and distributed generation technologies; federal and state regulations, laws and other efforts designed to promote and expand the use of energy efficiency measures and distributed generation technologies, such as private solar and battery storage, in Duke Energy service territories could result in customers leaving the electric distribution system, excess generation resources as well as stranded costs; advancements in technology; additional competition in electric and natural gas markets and continued industry consolidation; the influence of weather and other natural phenomena on operations, including the economic, operational and other effects of severe storms, hurricanes, droughts, earthquakes and tornadoes, including extreme weather associated with climate change; the ability to successfully operate electric generating facilities and deliver electricity to customers including direct or indirect effects to the company resulting from an incident that affects the U.S. electric grid or generating resources; the ability to obtain the necessary permits and approvals and to complete necessary or desirable pipeline expansion or infrastructure projects in Duke Energy's natural gas business; operational interruptions to Duke Energy's natural gas distribution and transmission activities; the availability of adequate interstate pipeline transportation capacity and natural gas supply; the impact on facilities and business from a terrorist attack, cybersecurity threats, data security breaches, operational accidents, information technology failures or other catastrophic events such as fires, explosions, pandemic health events or other similar occurrences; the inherent risks associated with the operation of nuclear facilities, including environmental, health, safety, regulatory and financial risks, including the financial stability of third-party service providers; the timing and extent of changes in commodity prices and interest rates and the ability to recover such costs through the regulatory process, where appropriate, and their impact on liquidity positions and the value of underlying assets; the results of financing efforts, including the ability to obtain financing on favorable terms, which can be affected by various factors, including credit ratings, interest rate fluctuations, compliance with debt covenants and conditions and general market and economic conditions; declines in the market prices of equity and fixed-income securities and resultant cash funding requirements for defined benefit pension plans, other post-retirement benefit plans and nuclear decommissioning trust funds; construction and development risks associated with the completion of Duke Energy's or its subsidiaries' capital investment projects, including risks related to financing, obtaining and complying with terms of permits, meeting construction budgets and schedules, and satisfying operating and environmental performance standards, as well as the ability to recover costs from customers in a timely manner, or at all; changes in rules for regional transmission organizations, including changes in rate designs and new and evolving capacity markets, and risks related to obligations created by the default of other participants; the ability to control operation and maintenance costs; the level of creditworthiness of counterparties to transactions; employee workforce factors, including the potential inability to attract and retain key personnel; the ability of Duke Energy's subsidiaries to pay dividends or distributions to us; the performance of projects undertaken by Duke Energy's nonregulated businesses and the success of efforts to invest in and develop new opportunities; the effect of accounting pronouncements issued periodically by accounting standard-setting bodies; the impact of U.S. tax legislation to Duke Energy's financial condition, results of operations or cash flows and credit ratings; the impacts from potential impairments of goodwill or equity method investment carrying values; and the ability to implement Duke Energy's business strategy, including enhancing existing technology systems.

Read Full Details

Topics:
  • Business
  • Financial

Friday, November 15


News

Duke Energy expands campaign to protect its customers from fraud

DUK

CHARLOTTE, N.C., Nov. 15, 2019 /PRNewswire/ -- With the fourth annual Utility Scam Awareness Week starting Nov. 17, Duke Energy is expanding its campaign to protect its nearly 8 million customers from utility-impostor scammers. Duke Energy, a founding member of Utilities United Against Scams (UUAS), is reminding customers of tactics used by scammers to steal their money, and providing tips on how to avoid these scams. The UUAS is a consortium of more than 140 U.S. and Canadian electric, water, and natural gas companies (and their respective trade associations) that raises awareness of utility scams targeting customers. Visit duke-energy.com/stopscams or utilitiesunited.org for more information and tips about how customers can protect themselves from impostor utility scams, or follow along on social media: Twitter @DukeEnergy or @U_U_A_S and Facebook @Duke Energy or @UtilitiesUnited.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Tuesday, November 12


News

$300,000 in grants from Duke Energy will aid Triangle to transition to more electric buses

DUK

- Duke Energy grant continues company's push to electrify transportation in North Carolina. CHARLOTTE, N.C., Nov. 12, 2019 /PRNewswire/ -- A pair of grants totaling $300,000 from Duke Energy Corp. will help two transit agencies in the Triangle area fund electric bus-charging stations that are being incorporated into their fleets. GoTriangle – $100,000 to help offset the cost of installing two charging stations for two electric buses expected to arrive by the end of the year. It operates 84 buses, serving approximately 17,000 passengers per day, and covers a territory of 144 square miles. Since 2016, Duke Energy has expanded charging for electric vehicles and buses throughout North Carolina.

Read Full Details

Topics:
  • Business
  • Financial
  • Science

Friday, November 08


News

Duke Energy (DUK) Q3 Earnings Top Estimates, Revenues Up Y/Y

DUK

Duke Energy (DUK) Q3 Earnings Top Estimates, Revenues Up Y/Y. Gas Utilities & Infrastructure: Net reported income at this segment summed $26 million, up from $17 million a year ago.Commercial Renewables: This segment witnessed a net reported income of $40 million in the quarter under review, against a net reported loss of $62 million in the year-ago quarter.Other: The segment includes corporate interest expenses not allocated to other business units, results from Duke Energy’s captive insurance company and other investments.This segment incurred a net reported loss of $124 million compared with a loss of $44 million in the year-ago quarter. Financial Condition. As of Sep 30, 2019, Duke Energy had cash & cash equivalents of $379 million, down from $442 million as on Dec 31, 2018. The company reaffirms long-term earnings growth target of 4-6%.Zacks RankDuke Energy currently carries a Zacks Rank #3 (Hold).

Read Full Details

Topics:
  • Business
  • Financial
News

Duke Energy (DUK) Beats Q3 Earnings and Revenue Estimates

DUK

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. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. 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. Ahead of this earnings release, the estimate revisions trend for Duke Energy was mixed. 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. So, the shares are expected to perform in line with the market in the near future.

Read Full Details

Topics:
  • Business
  • Financial
News

Duke Energy reports third-quarter 2019 financial results

DUK

CHARLOTTE, N.C., Nov. 8, 2019 /PRNewswire/ -- Duke Energy (DUK) has posted its third-quarter 2019 financial results in a news release available on the company's website at the following link: duke-energy.com/investors. Lynn Good, chairman, president and chief executive officer, and Steve Young, executive vice president and chief financial officer will discuss the company's financial results and other business and financial updates during an investor presentation at 10 a.m. The call can be accessed via the investors section (duke-energy.com/investors) of Duke Energy's website or by dialing 888.254.3590 in the U.S. or 323.994.2093 outside the U.S. It employs 30,000 people and has an electric generating capacity of 51,000 megawatts through its regulated utilities, and 3,000 megawatts through its nonregulated Duke Energy Renewables unit.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Duke Energy Q3 19 Earnings Conference Call At 10:00 AM ET

DUK

Markets. Duke Energy Q3 19 Earnings Conference Call At 10:00 AM ET. Nov 8, 2019 9:02AM EST. Duke Energy Q3 19 Earnings Conference Call At 10:00 AM ET | NASDAQ. (RTTNews) - Duke Energy Corp. (DUK) will host a conference call at 10:00 AM ET on Nov. 8, 2019, to discuss Q3 19 earnings results. To access the live webcast, log on to duke-energy.com/investors. To listen to the call, dial 888-254-3590 (US) or 323-994-2093 (International) with confirmation code 8996655. For a replay call, dial 888-203-1112 (US) or 719-457-0820 (International) with code 8996655. Explore Markets Explore.

Read Full Details

Story Sources

nasdaq.com nasdaq.com
Topics:
  • Business
  • Financial
  • Science
News

Duke Energy Earnings Beat, Revenue Misses In Q3

DUK

Duke Energy follows other major Utilities sector earnings this month. On October 22, NextEra Energy reported third quarter EPS of $2.39 on revenue of $5.57B, compared to forecasts of EPS of $2.29 on revenue of $5.16B. Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar. Old Navy spin-off in doubt after Gap's Peck departs: analysts.

Read Full Details

Topics:
  • Business
  • Financial

Thursday, November 07


News

Duke Energy joins fight against North Carolina's opioid epidemic with $500,000 in grants

DUK

RALEIGH, N.C., Nov. 7, 2019 /PRNewswire/ -- Duke Energy today announced $500,000 in grant funding to two organizations championing the battle against North Carolina's opioid epidemic. Duke Energy Foundation funding for NCHRC will establish nine new regular outreach sites; expand wraparound services and build capacity by creating a replicable model for community technical assistance. Led by NC Attorney General Josh Stein and NC Department of Health and Human Services Secretary Mandy Cohen to raise awareness around the devastating impact of the opioid crisis in North Carolina, the More Powerful NC campaign is anchored in the message that together, we are more powerful than opioids—and we can all help play a part in ending the epidemic. North Carolina Harm Reduction Coalition. Founded in 2004 and incorporated in 2006, NCHRC has grown from an advocacy group to a nationally recognized nonprofit that provides direct services to people impacted by drug use and that supports local communities and stakeholders through technical assistance, resource development and advocacy.

Read Full Details

Topics:
  • Business
  • Health
  • Financial
  • Science

Wednesday, November 06


News

Duke Energy (DUK) Q3 Earnings Coming Up: What to Expect

DUK

Duke Energy (DUK) Q3 Earnings Coming Up: What to Expect. Duke Energy Corporation DUK is set to report third-quarter 2019 results on Nov 8, before the opening bell. Factors to Consider The majority of Duke Energy’s service territories witnessed above-average warm temperatures during most of the third quarter. While Florida had its warmest January–September on record in 2019, North Carolina was warmest on record. South Carolina was the second warmest state. We expect acquisition costs related to this deal to have pushed up Duke Energy’s quarterly operating expense. However, the recent base rate increases in Florida and North Carolina are expected to have offset this headwind and boosted the company’s earnings.

Read Full Details

Topics:
  • Business
  • Financial