Duke Energy CORP reported first quarter ended March 31, 2026 results: EPS $1.97. Guidance reaffirmed.
“Duke Energy (NYSE: DUK) today announced first-quarter 2026 reported EPS of $1.97, prepared in accordance with Generally Accepted Accounting Principles (GAAP), and adjusted EPS of $1.93.”
M&A Transactions
Duke Energy CORP completed a disposition involving Spire Tennessee Inc. for $2.48 billion in cash (closed 2026-03-31).
“On March 31, 2026, and pursuant to the Purchase Agreement, Piedmont completed the Transaction for $2.48 billion in cash, subject to customary purchase price adjustments as set forth in the Purchase Agreement.”
Material Agreements
Duke Energy CORP amended Amendment No. 3 and Consent with Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender (effective 2026-03-16).
“On March 16, 2026, Duke Energy Corporation (the “Corporation”), Duke Energy Carolinas, LLC, Duke Energy Florida, LLC, Duke Energy Indiana, LLC, Duke Energy Kentucky, Inc., Duke Energy Ohio, Inc., Duke Energy Progress, LLC, and Piedmont Natural Gas Company, Inc., entered into an Amendment No. 3 and Consent (the “Amendment”) to amend the existing Amended and Restated Credit Agreement dated as of March 18, 2022, among the Corporation and each of such subsidiaries, as Borrowers, the lenders listed therein, and Wells Fargo Bank, National Association, as Administrative Agent and Swingline Lender.”
Debt Financings
Duke Energy CORP incurred convertible notes of $1,500,000,000 aggregate principal amount with The Bank of New York Mellon Trust Company, N.A. at 3.000% per year maturing March 15, 2029.
“On March 12, 2026, Duke Energy Corporation (the “Corporation”) completed the sale of $1,500,000,000 aggregate principal amount of 3.000% Convertible Senior Notes due 2029 (the “Notes”), which included an additional $200,000,000 aggregate principal amount of Notes purchased pursuant to the full exercise of the option granted to the Initial Purchasers (as defined herein) pursuant to the Purchase Agreement (as defined herein), in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”).”
Material Agreements
Duke Energy CORP entered into Equity Distribution Agreement with multiple financial institutions acting as sales agents and forward purchasers valued at up to an aggregate sales price of $6,000,000,000 (effective 2026-03-06).
“nergy Corporation (the “Company”) entered into an Equity Distribution Agreement dated March 6, 2026 (the “Equity Distribution Agreement”) with Barclays Capital Inc., BMO Capital Markets Corp., BNY Mellon Capital Markets, LLC, BofA Securities, Inc.,”
Julia S. Janson departed as Executive Vice President and CEO, Duke Energy Carolinas at Duke Energy CORP.
“On April 29, 2025, Ms. Julia S. Janson, currently serving as Duke Energy Corporation’s (the “Corporation”) Executive Vice President and CEO, Duke Energy Carolinas, notified the Corporation of her intent to retire on June 30, 2025.”
Theodore F. Craver, Jr. was appointed as Chair of the Board of Directors at Duke Energy CORP.
“Lead Independent Director Theodore F. Craver, Jr. will step down as Lead Independent Director and be appointed independent Chair of the Board of Directors of the Corporation, effective April 1, 2025.”
Lynn J. Good departed as Chief Executive Officer at Duke Energy CORP.
“Lynn J. Good will retire as Chief Executive Officer of Duke Energy and Chair and Director of the Board of Directors of the Corporation, effective April 1, 2025.”
Harry K. Sideris was appointed as President and Chief Executive Officer at Duke Energy CORP.
“Mr. Harry K. Sideris was appointed as the President and Chief Executive Officer and as a member of the Board of Directors of Duke Energy, effective April 1, 2025.”
Shareholder Votes
Duke Energy CORP shareholders rejected Shareholder proposal regarding financial statement assumptions and climate change at the 2024-05-09 meeting.
“The shareholder proposal regarding financial statement assumptions and climate change failed to receive the support of a majority of the votes cast.”
Shareholder Votes
Duke Energy CORP shareholders rejected Shareholder proposal regarding executives to retain significant stock at the 2024-05-09 meeting.
“The shareholder proposal regarding executives to retain significant stock failed to receive the support of a majority of the votes cast.”
Shareholder Votes
Duke Energy CORP shareholders rejected Amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority voting requirements at the 2024-05-09 meeting.
“The amendment to the Amended and Restated Certificate of Incorporation of Duke Energy Corporation to eliminate supermajority voting requirements failed to receive the support of 80% of the shares outstanding.”
Shareholder Votes
Duke Energy CORP shareholders approved Advisory vote to approve the Company's named executive officer compensation at the 2024-05-09 meeting.
“The advisory vote to approve the Corporation’s named executive officer compensation received the support of a majority of the votes cast.”
Shareholder Votes
Duke Energy CORP shareholders approved Ratification of Deloitte & Touche LLP as the Company's independent registered public accounting firm for 2024 at the 2024-05-09 meeting.
“The ratification of Deloitte & Touche LLP as the Corporation’s independent registered public accounting firm for 2024 received the support of a majority of the shares represented.”
Shareholder Votes
Duke Energy CORP shareholders approved Election of Director Nominees at the 2024-05-09 meeting.
“Each director nominee was elected to the Board of Directors with the support of a majority of the votes cast.”
Earnings Releases
Duke Energy CORP reported first quarter ended March 31, 2024 results: EPS $1.44. Guidance reaffirmed.
“First-quarter 2024 reported and adjusted EPS of $1.44”
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