earnings
confidence high
sentiment neutral
materiality 0.65
Duke Energy Q1 2023 adjusted EPS $1.20 vs $1.29 YoY; reaffirms full-year guidance
Duke Energy CORP
2023-Q1 EPS reported
$1.01
revenue$7,101,000,000
- Q1 GAAP EPS $1.01, adjusted EPS $1.20, down from $1.08 and $1.29 YoY.
- Unfavorable mild winter weather reduced EPS by $0.22 vs normal.
- Electric Utilities & Infrastructure adjusted segment income $791M (down $105M); Gas segment $287M (up $33M).
- Commercial Renewables sale process in late stage; estimated impairment of ~$175M in discontinued ops.
- Full-year adjusted EPS guidance reaffirmed at $5.55-$5.75; long-term growth 5-7% through 2027.