Energy holding company Duke Energy (NYSE: DUK) announced financial results for the first quarter of 2025, reporting an increase in revenue and adjusted earnings.
- Total operating revenues increased to $8.25 billion in the first quarter from $7.67 billion in the prior year quarter, reflecting growth across electric and gas utilities
- Electric Utilities and Infrastructure segment income was $1.28 billion, compared to $1.02 billion in the first quarter of 2024
- Gas Utilities and Infrastructure segment income increased to $349 million in Q1 from $284 million in the year-ago quarter
- Total net income was $1.37 billion or $1.76 per share in Q1, vs. 1.1 billion or $1.44 per share a year earlier
- On an adjusted basis, earnings rose to $1.77 per share in the March quarter from $1.44 per share in Q1 FY24
- The management reaffirmed its FY25 adjusted EPS guidance range of $6.17 to $6.42 and long-term adjusted EPS growth rate of 5% to 7% through 2029, based on the 2025 midpoint of $6.30