DUK Q3 2025 Earnings
Reported Nov 6, 2025 at 5:48 PM ET · SEC Source
Q3 25 EPS
$1.81
BEAT +3.45%
Est. $1.75
Q3 25 Revenue
$8.54B
MISS 0.13%
Est. $8.55B
vs S&P Since Q3 25
-2.7%
TRAILING MARKET
DUK +4.7% vs S&P +7.4%
Market Reaction
Did DUK Beat Earnings? Q3 2025 Results
Duke Energy posted a clean third quarter, delivering earnings per share of $1.81 that cleared the $1.75 consensus estimate by 3.45%, while revenue of $8.54 billion came in just fractionally below the $8.55 billion forecast despite growing 4.8% year o… Read more Duke Energy posted a clean third quarter, delivering earnings per share of $1.81 that cleared the $1.75 consensus estimate by 3.45%, while revenue of $8.54 billion came in just fractionally below the $8.55 billion forecast despite growing 4.8% year over year. The quarter carried no special items, making reported and adjusted results identical, and the primary engine behind the EPS strength was the Electric Utilities and Infrastructure segment, where new rate implementations across multiple jurisdictions and healthy retail volume growth drove segment income meaningfully higher. Rate case contributions alone added $0.16 per share year over year, reflecting approvals spanning Florida, the Carolinas, and Indiana. With analysts maintaining a moderate buy consensus and an average target price above $138, investor attention is now fixed on the company's forward trajectory; Duke narrowed its 2025 adjusted EPS guidance to $6.25 to $6.35 and reaffirmed 5% to 7% long-term growth through 2029, while previewing a sweeping $95 billion to $105 billion capital plan for 2026 through 2030, underpinned by accelerating load growth and economic development momentum across its service territories.
Key Takeaways
- • Implementation of new rates and riders across multiple jurisdictions
- • Higher retail sales volumes contributing $0.09 per share YoY
- • Rate case impacts contributing $0.16 per share YoY including DEF multiyear rate plan, DEC NC/SC rates, DEI rates, and DEP NC rates
- • Higher grid modernization riders and transmission revenues
- • AFUDC equity contributing $0.04 per share YoY
- • Weather-normalized retail electric sales growth of 1.6% in the quarter
- • Commercial electric sales growth of 2.8% in the quarter
DUK YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
DUK Revenue by Segment
With YoY comparisons, source: SEC Filings
“We remain on track to deliver strong results in 2025, while advancing an energy modernization strategy that creates value for our customers, stakeholders and investors. With our economic development pipeline continuing to progress and concrete investment plans in place, we are reaffirming our long-term EPS growth rate and have confidence we will earn in the top half of the range beginning in 2028.”
— Harry Sideris, Q3 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% |