Duke Energy Pushes Back Key Atlantic Coast Pipeline Start Date
We are reaffirming our $87 per share fair value estimate and stable, narrow moat ratings after Duke Energy reported third-quarter operating earnings of $1.65 per share compared with $1.59 in the same year-ago period. Management narrowed its 2018 earnings guidance to $4.65-$4.85 from the prior range of $4.55-$4.85 per share, in line with our expectations. Management reaffirmed its 4% to 6% growth rate target through 2022, also in line with our 5% forecast.During the quarter, and into the fourth...
Duke Energy is a holding company. Through its subsidiaries, the company operates as an energy company. The company's segments include: Electric Utilities and Infrastructure, which provides retail electric service through the generation, transmission, distribution and sale of electricity to customers within the Southeast and Midwest regions of the United States; Gas Utilities and Infrastructure, which conducts natural gas operations, as well as owns, operates and has investments in various pipeline transmission and natural gas storage facilities; and Commercial Renewables, which acquires, develops, builds, operates and owns wind and solar renewable generation throughout the continental United States.
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