DUK Q1 2025 Earnings
Reported May 5, 2025 at 6:08 PM ET · SEC Source
Q1 25 EPS
$1.76
BEAT +10.84%
Est. $1.59
Q1 25 Revenue
$8.25B
BEAT +1.69%
Est. $8.11B
vs S&P Since Q1 25
-18.7%
TRAILING MARKET
DUK +10.3% vs S&P +29.0%
Market Reaction
Did DUK Beat Earnings? Q1 2025 Results
Duke Energy opened 2025 on a strong note, posting first-quarter earnings per share of $1.76 and beating the Wall Street consensus of $1.59 by 10.84%, while revenue of $8.25 billion topped estimates by 1.69% and climbed 7.5% year over year from $7.67 … Read more Duke Energy opened 2025 on a strong note, posting first-quarter earnings per share of $1.76 and beating the Wall Street consensus of $1.59 by 10.84%, while revenue of $8.25 billion topped estimates by 1.69% and climbed 7.5% year over year from $7.67 billion. The headline driver behind the beat was a robust performance from the Electric Utilities and Infrastructure segment, where new rate implementations across North Carolina and Florida contributed $0.14 per share and favorable weather added another $0.07, while total retail electricity sales volumes rose 5.4% year over year as residential customer counts grew 1.9% to roughly 7.5 million, reflecting sustained population growth across Duke's southeastern footprint. Gas Utilities also contributed meaningfully, with colder weather boosting Piedmont LDC throughput by 11.1%. The strong quarter arrives as Duke accelerates an $83 billion, five-year capital program to address what management describes as record load growth, including rising demand from data centers. The company reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42 and its 5% to 7% long-term growth target through 2029.
Key Takeaways
- • Higher retail sales volumes across Electric Utilities (5.4% YoY, 1.8% weather-normal)
- • Improved weather contributing $0.07 per share
- • Implementation of new rates and riders contributing $0.21 per share from rate case impacts
- • Riders and other retail margin improvement of $0.10 per share
- • Higher wholesale capacity volumes contributing $0.03 per share
- • Lower effective tax rate due to increased amortization of income tax credits
- • Residential electric customer growth of 1.9% year-over-year
DUK YoY Financials
Q1 2025 vs Q1 2024, source: SEC Filings
DUK Revenue by Segment
With YoY comparisons, source: SEC Filings
“I am incredibly proud of our performance in the first quarter, which is a result of the constructive regulatory outcomes the team has delivered over the last several years. The fundamentals of the company are stronger than ever, positioning us extraordinarily well to meet our customers' growing and evolving energy demands – now and into the future.”
— Harry Sideris, Q1 2025 Earnings Press Release
DUK Earnings Trends
DUK vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DUK EPS Trend
Earnings per share: estimate vs actual
DUK Revenue Trend
Quarterly revenue: estimate vs actual
DUK Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $1.49 | $1.50 | +0.67% | $7.94B | +6.54% |
| FY Full Year | $6.31 | $6.31 | -0.03% | $32.24B | +1.13% |
| Q3 25 BEAT | $1.75 | $1.81 | +3.45% | $8.54B | -0.13% |
| Q2 25 BEAT | $1.17 | $1.25 | +6.42% | $7.51B | +0.55% |
| Q1 25 BEAT | $1.59 | $1.76 | +10.84% | $8.25B | +1.69% |