DUK Q4 2025 Earnings
Reported Feb 9, 2026 at 5:51 PM ET · SEC Source
Q4 25 EPS
$1.50
BEAT +0.67%
Est. $1.49
Q4 25 Revenue
$7.94B
BEAT +6.54%
Est. $7.45B
vs S&P Since Q4 25
+2.4%
BEATING MARKET
DUK +6.5% vs S&P +4.1%
Full Year 2025 Results
FY 25 EPS
$6.31
MISS 0.03%
Est. $6.31
FY 25 Revenue
$32.24B
BEAT +1.13%
Est. $31.88B
Market Reaction
Did DUK Beat Earnings? Q4 2025 Results
Duke Energy capped fiscal 2025 with a fourth-quarter earnings beat on both the top and bottom lines, as recovering infrastructure investments and expanding service territories drove stronger-than-expected results. The Charlotte-based utility posted Q… Read more Duke Energy capped fiscal 2025 with a fourth-quarter earnings beat on both the top and bottom lines, as recovering infrastructure investments and expanding service territories drove stronger-than-expected results. The Charlotte-based utility posted Q4 adjusted EPS of $1.50, edging past the $1.49 consensus estimate by 0.67%, while revenue climbed 7.8% year-over-year to $7.94 billion, ahead of the $7.45 billion Wall Street had anticipated by 6.54%. For the full year, adjusted EPS reached $6.31, a notable step up from the prior year's $5.90 adjusted figure, with rate case recoveries and growth across Duke's sun-belt territories providing the primary lift. The quarterly performance came despite meaningful headwinds, including higher operations and maintenance costs that weighed $0.17 per share on Q4 results alone. Looking ahead, Duke introduced 2026 adjusted EPS guidance of $6.55 to $6.80, underpinned by a $103.00 billion five-year capital plan targeting 9.6% earnings base growth through 2030, with management expressing confidence to earn in the top half of its 5% to 7% long-term growth range beginning in 2028.
Key Takeaways
- • Recovery of growing infrastructure investments to serve customers
- • Growth in service territories
- • Rate case impacts contributing $0.14 per share in Q4 and $0.71 per share for the full year
- • Riders and other retail margin improvements of $0.10 per share in Q4
- • Volume growth of $0.22 per share for the full year
- • Weather contributing $0.07 per share for the full year
DUK Forward Guidance & Outlook
Duke Energy introduced 2026 adjusted EPS guidance of $6.55 to $6.80 and extended its long-term adjusted EPS growth rate of 5% to 7% through 2030, off the 2025 guidance range midpoint of $6.30. Management expressed confidence to earn in the top half of the growth range beginning in 2028. The company's $103 billion five-year capital plan is expected to drive 9.6% earnings base growth through 2030, supported by contracted demand from AI and advanced manufacturing.
DUK YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
DUK Revenue by Segment
With YoY comparisons, source: SEC Filings
“The fourth quarter marked a strong finish to a productive year, where we met every financial goal, progressed our economic development pipeline, broke ground on 5 gigawatts of new dispatchable generation resources, and continued to deliver value for customers. The cost of energy has always been and will remain a key focus for our company. We continue to find new ways to deliver affordable energy for our customers, keeping our rates below the national average and rate changes below inflation.”
— Harry Sideris, Q4 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% |