DUK Q2 2025 Earnings
Reported Aug 5, 2025 at 6:58 AM ET · SEC Source
Q2 25 EPS
$1.25
BEAT +6.42%
Est. $1.17
Q2 25 Revenue
$7.51B
BEAT +0.55%
Est. $7.47B
vs S&P Since Q2 25
-10.9%
TRAILING MARKET
DUK +3.9% vs S&P +14.8%
Market Reaction
Did DUK Beat Earnings? Q2 2025 Results
Duke Energy posted a solid second-quarter beat on Tuesday, with adjusted earnings per share of $1.25 clearing the Wall Street consensus of $1.17 by 6.42%, while revenue of $7.51 billion edged past estimates and grew 4.7% year over year, reflecting st… Read more Duke Energy posted a solid second-quarter beat on Tuesday, with adjusted earnings per share of $1.25 clearing the Wall Street consensus of $1.17 by 6.42%, while revenue of $7.51 billion edged past estimates and grew 4.7% year over year, reflecting steady demand across the utility's sprawling Carolinas, Florida, and Indiana service territories. The primary engine behind the outperformance was the implementation of new rates and riders across Duke's electric utility subsidiaries, which contributed $0.20 per share of favorable variance year over year, more than offsetting headwinds from higher O&M expenses and increased interest costs. The Electric Utilities and Infrastructure segment drove the bulk of consolidated results, with adjusted segment income climbing to $1.19 billion from $1.11 billion a year earlier. With broader utility sector tailwinds from surging electricity demand tied to AI infrastructure buildout reinforcing the investment case, management reaffirmed its 2025 adjusted EPS guidance range of $6.17 to $6.42 and a long-term EPS growth target of 5% to 7% through 2029, supported in part by recently announced transactions designed to strengthen the company's credit profile.
Key Takeaways
- • Implementation of new rates and riders across electric utility subsidiaries
- • Rate case impacts contributed $0.20/share favorable variance year-over-year in Q2
- • Volume growth added $0.03/share driven by customer growth
- • Favorable weather contributed $0.01/share
- • Increased amortization of income tax credits lowered effective tax rate to 10.6% from 13.1%
- • Higher O&M expenses from grid maintenance and generation outage costs reduced earnings by $0.09/share
- • Higher interest expense at both utility and holding company levels reduced earnings by $0.08/share
DUK YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
DUK Revenue by Segment
With YoY comparisons, source: SEC Filings
“We've had a strong start to the year, executing on our strategic priorities of advancing large-scale economic development projects, securing industry-leading regulatory and legislative outcomes, and strengthening the balance sheet.”
— Harry Sideris, Q2 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% |