Duke Energy 4Q Revenue Climbs on AI Power Demand

By Connor Hart

Duke Energy reported higher revenue in the fourth quarter, boosted in part by increased power demand for artificial intelligence.

The Charlotte, N.C., utility operator on Tuesday posted a profit of $1.17 billion, or $1.50 a share, compared with $1.19 billion, or $1.54 a share, a year earlier.

Stripping out certain one-time items, earnings were also $1.50 a share. Analysts polled by FactSet had expected adjusted earnings of $1.49 a share.

Total operating revenue climbed 7.9% to $7.94 billion, topping Wall Street models for $7.43 billion.

Chief Executive Harry Sideris said Duke is entering 2026 with momentum, citing what he called the largest regulated capital plan in the industry, a balance sheet prepared for growth, and contracted demand from AI and advanced manufacturing.

For 2026, the company--which provides electricity or natural-gas services to customers in the Carolinas, Florida, Ohio and several other states--guided for adjusted earnings of $6.55 to $6.80 a share. Analysts are looking for adjusted earnings of $6.70 a share.

The company also extended its long-term adjusted earnings per share growth rate of 5% to 7% through 2030, based on a $6.30-a-share midpoint for its 2025 outlook.

Write to Connor Hart at [e-mail]

(END) Dow Jones Newswires

02-10-26 0645ET