Duke Reports 2Q Earnings, Enters Key Regulatory Period in North Carolina
We are reaffirming our $86 per share fair value estimate and stable, narrow moat ratings after Duke Energy reported second-quarter operating earnings of $1.01 per share compared with $1.07 in the same year-ago period. Management reaffirmed 2017 earnings guidance of $4.50-$4.70, in line with our forecast. We are reaffirming our 6% annual earnings growth rate from 2017-21, at the top end of management's 4%-6% target.In the quarter, Duke Energy Progress Carolinas filed a retail rate request of $47...
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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